67°F
Sponsored by

Business Minute: The Fed, Ford's Rocky Outlook & The Dow Soars

The Fed is pulling back on bond buys, Ford is looking a rocky 2014 outlook and stocks soar after a mediocre week. It's time for your Business Minute.
Time now for your Business Minute this Thursday morning.

THE BIG STORY TODAY: THE FED

The Federal Reserve announcing it would start pulling back $10 billion from its $85 billion monthly bond purchase in January.

Fed Chairman Ben Bernanke saying the decision on moderately reducing its bond-buying program was made because "despite significant fiscal headwinds, the economy has been expanding at a moderate pace".

FORD'S ROCKY OUTLOOK

It will be a rocky day and outlook for Ford.

The automaker issuing a warning for 2014 saying profit could drop between $500 million to $1.5 billion, citing rising global costs and slow price increases in North America.

Ford stock sinking 6% Wednesday.

SPEAKING OF STOCKS

The Dow Jones surging 293 points Wednesday to rebound big time after recent declines.

The S&P added 30 points and the Nasdaq gained 46 points.

Page: [[$index + 1]]
comments powered by Disqus

More Local News