5 things to know before the stock market opens Thursday
Publishing timestamp: 2023-03-23 07:05:24
Summary
The Federal Reserve raised its benchmark rate by a quarter point and eased off its rate-increase ambitions, but comments from Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen made investors uneasy. Ford revealed that its EV unit lost about $2.1 billion last year and expects to post an adjusted loss of $3 billion in 2023, but its legacy internal combustion engine and fleet businesses are profitable. Starbucks' new CEO faces old problems at a shareholder meeting, including proposals for an independent probe into the company's labor practices and succession planning. Dominion Voting Systems and Fox Corp. are waiting for a Delaware judge to rule on whether their $1.6 billion defamation case will head to trial next month. Russia's attempts to take Bakhmut in eastern Ukraine are stalling out, but Russian troops have been making gains in neighboring Luhansk.
Sentiment: MIXED
Keywords: fox corp. class b, investment strategy, markets, ford motor co, business news, fox corp. class a, starbucks corp, economy, business,