TikTok: TikTok chief executive Shou Zi Chew will testify before Congress where lawmakers are expected to grill him over the app’s potential national security risks. The popular short-form video app faces a potential ban in the US, if it doesn’t spin off from Chinese parent company ByteDance.
Starbucks: The coffee retailer is holding its annual shareholder meeting today and it will mark the first public appearance for the company’s new chief executive Laxman Narasimhan, who will lead the meeting.
Economic data: New applications for unemployment aid are forecast to have increased to 197,000 in the week ended March 18, from 192,000 claims the previous week. Separately, sales of new homes in the US are forecast to have slowed.
Earnings: General Mills, the company behind Cheerios cereal and Häagen-Dazs ice cream, is expected to say higher prices boosted its profits and revenues. Olive Garden parent Darden Restaurants is also due to report before the market opens.
Source: Economy - ft.com
