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[h=4]5 things you need to know Wednesday[/h]The biggest news to start your morning.
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Federal Reserve Chair Janet Yellen is scheduled to testify before Congress Wednesday and Thursday.(Photo: Andrew Harnik, AP)
Will she raise rates? All eyes are<span style="color: Red;">*</span>on Fed Chair Yellen
With the economy and markets sending mixed signals lately, investors will hang on every word of Federal Reserve Chair Janet Yellen’s testimony before a House committee Wednesday for clues on whether the Fed will raise interest rates again in March. A brutal market sell-off triggered by global weakness and low oil prices has investors hoping Yellen will hint the Fed is likely to hold off again after acting in December for the first time in nine years. But while job growth slowed in January, Labor Department figures show wages are picking up, a precursor to higher inflation. Yellen is likely to say the Fed is awaiting more data.
U.S. women’s soccer team kicks off Olympics campaign
Seeking its fourth straight gold medal, the U.S. women’s national soccer team will kick off its latest Olympic campaign Wednesday with a qualifying game against Costa Rica.<span style="color: Red;">*</span>The match<span style="color: Red;">*</span>is a highlight of<span style="color: Red;">*</span>a tournament for the North American, Central American and Caribbean region that runs until Feb. 21 in Houston and Frisco, Texas. Returning Olympians Carli Lloyd, Alex Morgan and Hope Solo are on the squad, as well as newcomers<span style="color: Red;">*</span>Emily Sonnett, Samantha Mewis, Crystal Dunn and 17-year-old sensation Mallory Pugh,<span style="color: Red;">*</span>according to a roster announced in January<span style="color: Red;">*</span>by team coach Jill Ellis.
Under fire, Twitter to release earnings report
Hashtag #ouch:<span style="color: Red;">*</span>Twitter will report fourth-quarter earnings on Wednesday amid a steep downward trend in the company's stock price. The social media service, which has been<span style="color: Red;">*</span>struggling with slowing user growth, was stung over the weekend<span style="color: Red;">*</span>by a report that it<span style="color: Red;">*</span>planned to make<span style="color: Red;">*</span>fundamental changes to the<span style="color: Red;">*</span>timeline feature.<span style="color: Red;">*</span>Shares declined more than 5% and dipped as low as $14.73 on Monday before closing at $14.90. Twitter has<span style="color: Red;">*</span>lost more than half its<span style="color: Red;">*</span>value since<span style="color: Red;">*</span>co-founder Jack Dorsey took over as CEO in July.
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Twitter was valued at just more than $10 billion when it closed on Monday, down from a 2013 high of $40 billion. Wochit
It's Ash Wednesday, even if you're busy
Back by popular demand, Christians marking Ash Wednesday can receive the sign of the cross in non-traditional locations. "Ashes to Go" gives the Christian sign of repentance — a smudged cross of ashes on the forehead — to anyone who seeks it in train stations, coffee shops and other public spots.<span style="color: Red;">*</span>"As people get busier and busier, we need the church in new and non-traditional ways,"<span style="color: Red;">*</span>said the Rev. Margaret Otterburn<span style="color: Red;">*</span>of Chester, N.J.<span style="color: Red;">*</span>Ash Wednesday marks the beginning of the holy season of Lent.
Roxane Fidler receives a sign of the cross in ashes from Rev. Leslie Welton a pastor of St.. John's Lutheran Church in Sacramento, Calif., Wednesday, Feb. 18, 2015.<span style="color: Red;">*</span>(Photo: Rich Pedroncelli, AP)
YouTube originals<span style="color: Red;">*</span>take<span style="color: Red;">*</span>on Netflix, Hulu
YouTube<span style="color: Red;">*</span>is releasing<span style="color: Red;">*</span>three made-for-YouTube movies and a new series Wednesday<span style="color: Red;">*</span>in response to competitors like Netflix, Hulu and Amazon, according to its CEO.<span style="color: Red;">*</span>The push for original content<span style="color: Red;">*</span>comes with<span style="color: Red;">*</span>YouTube's Red subscription service. The plan offers ad-free usage, access to YouTube originals and a Spotify-like music service for $9.99 a month.
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YouTube is launching new original content for YouTube Red subscribers in a move to take on streaming giants like Netflix, Hulu and Amazon.
And<span style="color: Red;">*</span>the essentials:
Weather:<span style="color: Red;">*</span>Snow showers will fly in the Northeast,<span style="color: Red;">*</span>Great Lakes<span style="color: Red;">*</span>and upper Midwest Wednesday while rain soaks the Pacific Northwest.
Stocks:<span style="color: Red;">*</span>U.S. stock futures were higher Wednesday, ahead of Fed Chair Janet Yellen’s testimony.
TV Tonight:<span style="color: Red;">*</span>Wondering<span style="color: Red;">*</span>what to watch tonight? TV critic Robert Bianco looks at<span style="color: Red;">*</span>Idol<span style="color: Red;">*</span>Top 24 and<span style="color: Red;">*</span>Goldbergs.
If you missed Tuesday's news,<span style="color: Red;">*</span>we've got you covered.
Need a break? Try<span style="color: Red;">*</span>playing some of our games.
You can<span style="color: Red;">*</span>subscribe<span style="color: Red;">*</span>to get the day's top news each weekday in your inbox.
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