Business week ahead, Feb. 25-March 1
Several key real estate reports are expected this week. Credit: AP/Keith Srakocic
KEY EVENT: The most important piece of economic data delayed by last month’s government shutdown was the report on fourth-quarter GDP. Originally scheduled for Jan. 30, the report is now scheduled to be released Thursday. GDP is considered the best overall gauge of the U.S. economy because it is a compilation of the value of all the goods and services produced in the nation.
MONDAY: Earnings from online retailer Etsy and Shake Shack.
TUESDAY: The Commerce Department releases December housing starts. Also, S&P Corelogic Case-Shiller home prices for December. In the previous report, for November, New York metropolitan home prices hit an 11-year high. And Federal Reserve chairman Jerome Powell begins two days of testimony about the state of the economy with a visit to the House Financial Services Committee. Earnings: Home Depot, Macy’s.
WEDNESDAY: January pending home sales from the National Association of Realtors. Also, Fed chairman Powell completes his testimony about the economy, this time before the Senate Banking Committee. Earnings: Best Buy, Campbell Soup, Lowe’s, PSEG Long Island parent Public Service Enterprise Group.
THURSDAY: Jobless benefits claims for the week ended Feb. 23 from the Labor Department. Earnings: J.C. Penney, Marriott International, Nordstrom.
FRIDAY: Automakers release February motor vehicle sales.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
