This week ahead || 6 Mar - 10 Mar 2023

Jobs report, Powell testifies: What to know this week

The state of the U.S. labor market and the outlook for the Federal Reserve will be the primary drivers for financial markets in the week ahead.

On Friday, the February jobs report is expected to show 200,000 jobs were created last month, a slowdown in the pace of job growth from January's unexpectedly strong reading that showed 517,000 jobs were added to the economy in the year's first month.

The unemployment rate is expected to remain steady at 3.4%, the lowest since 1969, according to data from Trading Economics.

Read about it here.

Ford's 'balanced' electric bet faces crucial 2023 as restructuring takes hold

Racecar-loving Ford CEO Jim Farley is in the midst of what may be the biggest challenge of his professional life.

Ford (F), which is celebrating its 120th anniversary this year, is pushing hard into what could be its path forward for the next century. Farley’s focus on EVs and transitioning the business is tantamount to the automaker’s future, and he has put his money where his mouth is from an organizational standpoint.

Read about it here.

Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels

Worldwide oil demand is racing toward an all-time high and some of the smartest minds in the industry are forecasting $100-a-barrel crude in a matter of months, but US producers are playing the short game and looking to turn over as much cash as possible to investors.

Read about it here.

Amazon is shutting down eight cashierless Go stores

Amazon is closing down two cashierless Go stores in New York City, two in Seattle and four in San Francisco on April 1st, according to GeekWire. The e-retail giant made the announcement on the same day it admitted that it's pausing construction on its second headquarters in Arlington, Virginia as it reassesses its office needs in the face of more and more people preferring to work remotely.

Read about it here.