Business week ahead, July 10-14
Are consumers become more credit wary? A clue could come Monday from the Federal Reserve. Credit: AP / Luis Hidalgo
KEY EVENT: Under the hood. Quarterly earnings season begins in earnest as several big companies open their books for a look inside. Among the largest companies reporting: MSC Industrial Direct, Long Island’s sixth largest company by revenue. The Melville-based distributor of industrial tools and supplies is expected to post about $745 million in sales for its fiscal third quarter.
MONDAY: The Federal Reserve releases consumer credit in May. April’s report showed Americans may be turning cautious as consumer borrowing posted its smallest monthly increase in almost six years. Earnings: Voxx International, lubricants maker WD-40.
TUESDAY: Earnings from PepsiCo.
WEDNESDAY: The Federal Reserve releases the July beige book, a collection of still early and unofficial economic data. Earnings: MSC Industrial Direct, industrial supplies distributor Fastenal.
THURSDAY: Jobless benefits claims for the week ended July 8 from the Labor Department. Also from the Labor Department: June producer prices.
FRIDAY: Consumer prices for June from the Labor Department. The report — the nation’s most-watched inflation gauge — includes a breakout of prices in the 31 Northeast counties, including Long Island. Also, retail sales and industrial production, both for June and both from the Commerce Department. Earnings: Citigroup, JPMorgan Chase, Wells Fargo.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
