Business week ahead, May 21-25
The Commerce Department releases a report on durable goods sales this week. Credit: Getty Images / Kevork Djansezian
KEY EVENT: Unemployment update. The state Labor Department on Tuesday releases unemployment rates for Nassau, Suffolk and Long Island as a whole. On a year-over-year basis, the Long Island jobless rate has increased in 13 of the past 15 months.
MONDAY: Oyster Bay-East Norwich Library hosts “Marketing Your Business” starting at 7 p.m. The free workshop, presented by LI-SCORE, covers steps needed to develop marketing and advertising plans and also has advice on Internet marketing.
TUESDAY: Earnings from AutoZone, Kohl’s and T.J. Maxx parent TJX.
WEDNESDAY: The Federal Reserve releases the minutes from its meeting earlier this month. Also, April new-home sales from the Commerce Department. Earnings: Lowe’s, Ralph Lauren, Target, Tiffany.
THURSDAY: Existing home sales for April from the National Association of Home Builders. Also, jobless benefits claims for the week ended May 19 from the U.S. Labor Department. And single-family home prices in March from the Federal Housing Finance Agency. Earnings: Best Buy, Gap, Hormel Foods, Ross Stores.
FRIDAY: The Commerce Department releases April durable goods orders, an update on the manufacture of long-lived expensive items such as cars, major appliances and aircraft. Also, May consumer sentiment from the University of Michigan. Earnings: Foot Locker.
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
