Business week ahead, July 24-28
The Commerce Department issues an estimate of U.S. economic performance for the second quarter on Friday. Credit: AP / Alan Diaz
KEY EVENT: Triple play. An update on the local employment situation, a Federal Reserve meeting and a hugely anticipated GDP report highlight a busy week.
MONDAY: The National Association of Realtors posts existing home sales for June. Earnings: Google parent Alphabet, Hasbro.
TUESDAY: The state Labor Department releases June unemployment rates for Nassau, Suffolk and Long Island as a whole. Also, S&P Case/Shiller home prices for May. Earnings: Uniondale bank company Flushing Financial, AT&T, Chipotle Mexican Grill, GM, McDonald’s.
WEDNESDAY: The Federal Reserve ends its two-day meeting with a statement on the economy. Also, the Commerce Department releases June new-home sales. Earnings: Lake Success bank company Astoria Financial, Jericho gas stations properties owner Getty Realty, New Hyde Park shopping centers owner Kimco Realty, Westbury bank company New York Community Bancorp, Boeing, Coca-Cola, Facebook, Northrop Grumman
THURSDAY: Jobless benefits claims for the week ended July 22 from the U.S. Labor Department. Also, June durable goods orders from the Commerce Department. Earnings: Glen Head bank company First of Long Island, Amazon, Intel, Mattel, Starbucks, Twitter, Verizon.
FRIDAY: The Commerce Department releases its first estimate of second-quarter GDP, the key gauge of U.S. economic growth. Earnings: American Airlines, Chevron, Exxon Mobil, Merck.
'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.
