Markets Edge Higher, Fed Faces Jobs Test, and Ford Bets on Cheaper EVs
Stocks are edging higher as Wall Street braces for tomorrow’s jobs report, with recent labor data adding weight to the case for Fed rate cuts. Broadcom reports earnings today under the shadow of China tensions, while Ford notched its sixth straight month of sales growth, fueled by EV and hybrid demand ahead of expiring tax credits. Google scored an antitrust victory that protects its $20 billion deal with Apple, and ConocoPhillips announced plans to cut up to 25% of its workforce in a sweeping efficiency drive. Elsewhere, Disney agreed to pay $10 million to settle charges of children’s data collection violations on YouTube, and Macy’s delivered its best in-store sales growth in three years, crediting remodels and Bloomingdale’s strength for the turnaround.
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