Business week ahead, June 21-25
Olive Garden parent Darden Restuarants is scheduled to report quarterly earnings this week. Credit: Daniel Brennan
KEY EVENT: The state Labor Department on Tuesday releases May unemployment rates for Nassau, Suffolk and Long Island as a whole. In April, Long Island unemployment stood at 5.4%, the lowest since March 2020, the month before the pandemic forced mass lockdowns and layoffs.
MONDAY: Amazon begins its annual two-day Prime Day, a shopping event where the giant online retailer discounts some of its most popular items.
TUESDAY: The National Association of Realtors releases May existing-home sales. In April, the median price of a U.S. existing home hit an all-time high, up 19.1% year-over-year.
WEDNESDAY: May new-home sales from the Commerce Department. Earnings: office furniture maker Steelcase, RV maker Winnebago Industries.
THURSDAY: The Commerce Department releases May durable goods orders, an update on the manufacture of long-lived and expensive items such as motor vehicles, computers and major appliances. Also from the Commerce Department: the third and final estimate of first-quarter GDP. And jobless benefits claims for the week ended June 19 from the Labor Department. Earnings: Olive Garden owner Darden Restaurants, FedEx, Nike, Rite Aid.
FRIDAY: June consumer sentiment from the University of Michigan. Also, Americans’ personal income and spending in May from the Commerce Department. Earnings: Carmax.
Blakeman's bid and Dem races ... Pancreas transplant center ... Wyandanch industrial park ... 50 years since Bruce brought Santa to LI
Blakeman's bid and Dem races ... Pancreas transplant center ... Wyandanch industrial park ... 50 years since Bruce brought Santa to LI
