5 things to know before the stock market opens Wednesday
Publishing timestamp: 2023-03-08 07:06:43
Summary
Stocks sold off and bond yields spiked after Federal Reserve Chairman Jerome Powell warned that rates will likely end up higher than anticipated. The White House endorsed a Senate bill that would give the Biden administration power to ban Chinese-owned social video app TikTok. Warren Buffett's Berkshire Hathaway bought more shares in Occidental Petroleum. Fox Corp faced criticism for its coverage of the Jan. 6 Capitol riot and new revelations emerged in Dominion Voting's defamation suit against the company. U.S. intelligence officials believe a pro-Ukraine group may be behind an attack on undersea Nord Stream natural gas pipelines that connect Russia and Europe.
Sentiment: NEGATIVE
Tickers: OXY, FOXA, BRK.B, BRK.A,
Keywords: business news, fox corp. class a, investment strategy, berkshire hathaway inc, occidental petroleum corp, economy, markets, business,