Business week ahead, August 23-27
Madison Square Garden Entertainment is among those firms reporting earnings this week. Credit: AP/Brittainy Newman
KEY EVENT: The state Labor Department on Tuesday releases July Long Island unemployment rates with breakdowns for Nassau and Suffolk. In June, the Long Island unemployment rate rose to 5% from 4.6% in May, which economists attributed to more people entering a recovering labor market.
MONDAY: July existing-home sales from the National Association of Realtors. Earnings: Madison Square Garden Entertainment.
TUESDAY: The Commerce Department releases new-home sales in July. Earnings: Best Buy, tax software maker Intuit, medical device maker Medtronic, Nordstrom.
WEDNESDAY: July durable goods orders from the Commerce Department. The report, which updates the manufacture of long-lasting and expensive items like major appliances, cars and computers, is considered a bellwether of consumer demand and its impact on the economy. Earnings: Dick's Sporting Goods, Salesforce.com, Ulta Beauty.
THURSDAY: Jobless benefits claims for the week ended Aug. 21 from the Labor Department. Also, a revised estimate of second-quarter GDP from the Commerce Department. Earnings: Carle Place gift seller 1-800-Flowers.com, Lake Success natural foods seller Hain Celestial, Abercrombie & Fitch, computer maker Dell Technologies.
FRIDAY: The Commerce Department releases Americans’ income and spending in July. Also, August consumer sentiment from the University of Michigan.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
