A trader works as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange in New York City on June 12, 2024.Stocks rose slightly Wednesday as traders looked ahead to minutes from the Federal Reserve's latest policy meeting — seeking further insight into the prospect of an interest rate cut.The Fed minutes are slated for release at 2 p.m. ET.
The changes will result in a special non-cash charge of $400 million, with potential for additional expenses down the line, Ford said.
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