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    In this article SBUXGetty ImagesStarbucks is expected to report its fiscal third-quarter earnings after the bell Tuesday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 75 cents expected Revenue: $8.11 billion expected The coffee giant suspended its fiscal 2022 outlook last quarter, citing the uncertainty caused by Covid lockdowns in China, the company's second-largest market. This quarter, analysts are expecting Starbucks' international same-store sales to drop 14.5%, according to StreetAccount estimates. But Wall Street has more upbeat projections for the company's home market, which is expected to report strong same-store sales growth. Still, CEO Howard Schultz will likely face questions about how the chain expects to fare if consumer spending slows down. Restaurant chains like Chipotle Mexican Grill, Olive Garden owner Darden Restaurants and McDonald's have already reported that low-income customers are trading down or visiting less frequently. Starbucks is also facing a union push from its U.S. baristas. More than 200 locations have in favor of unionizing under Workers United, and the union is now pushing the company to extend pay hikes...
    In this article MCD\A sign is posted in front of a McDonald's restaurant on April 28, 2022 in San Leandro, California.Justin Sullivan | Getty ImagesMcDonald's is expected to report its second-quarter earnings before the bell on Tuesday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.47 expected Revenue: $5.81 billion expected Last quarter, McDonald's was one of the few fast-food chains to warn that it was seeing some low-income consumers trade down to cheaper meals. Investors will be watching to see if the trend worsens, particularly in the company's home market. Wall Street is expecting U.S. same-store sales growth of 2.8%, according to StreetAccount estimates. The company is also facing pushback at home from many of its U.S. franchisees over proposed changes to ownership terms and its grading system for operators. An overwhelming majority of franchisees surveyed by the National Owners Association, an independent advocacy group for McDonald's operators, backed a no-confidence vote in McDonald's CEO Chris Kempczinski and Joe Erlinger, the company's U.S. President . Outside the U.S., analysts are predicting strong...
    In this article KO Coca-Cola is expected to report its second-quarter earnings before the bell Tuesday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 67 cents expected Revenue: $10.56 billion expected To manage higher costs on freight, high fructose corn syrup and aluminum, the maker of brands including Sprite, Dasani and Minute Maid has raised prices for consumers. But CEO James Quincey said in April that the company knows that consumers won't swallow inflation endlessly. Last quarter, Coke reiterated its full-year outlook of revenue growth of 7% to 8% and comparable earnings per share growth of 5% to 6%. Before the pandemic, the Atlanta-based beverage giant generated about half of its revenue from away-from-home occasions, like soda purchases at movie theaters or restaurants. If consumers start staying home to cut down on their spending, Coke's sales could soften. Earlier in July, rival PepsiCo reported organic sales growth of 13% during its second quarter, fueled largely by higher prices for its snacks and drinks. Pepsi executives said that they expect inflation to worsen in...
    Netflix is expected to report a loss of up to 2million subscribers with the release of its second quarter financial report this afternoon.  The staggering number was predicted in its last report issued in April, in which it was announced that the streaming giant had suffered a net loss of 200,00 subscribers since the start of 2022 - its first decline in a decade. The report is due on the heels of a subscription policy rollout in Latin America intended to test strategies for cracking down on password sharing, which Netflix has fingered as a primary cause for its plummeting numbers.  The streaming service will ask subscribers in five Latin American countries to pay an additional fee if they are consistently using the platform in a different household. Users in El Salvador, Guatemala, Honduras, the Dominican Republic, and Argentina will receive a notification on their account if it has been used for more than two weeks outside of their primary residence. They will be asked to fork over an additional $2.99 ($1.70 in Argentina) on top of their regular subscription...
    (CNN)A Texas House investigative committee is expected to release a preliminary report Sunday on the Uvalde, Texas, school massacre that left 21 people dead, more than a month after the group began its search for answers.The report is expected to focus on the facts of the attack, include a chronological sequence of events, a timeline, a law enforcement manifest, and details on the shooter, a source previously told CNN. It is expected to clarify conflicting accounts of what happened, include verbatim quotes from sworn testimony, and show that the law enforcement failure that day was much greater than one person or one agency, one source has said. Interactive: How law enforcement's narrative of the Uvalde massacre has changed Members of the Texas Department of Public Safety, the Uvalde Consolidated Independent School District police chief and officers, the district superintendent, the school's principal, a teacher and custodial staff are among those who testified behind closed doors to the committee -- with roughly 40 people testifying, according to one source.Republican state Rep. Dustin Burrows, the committee chairman, said last month the group...
    Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis.Patrick T. Fallon | AFP | Getty Images Citigroup is scheduled to report second-quarter earnings before the opening bell Friday. Here's what Wall Street expects: Earnings per share: $1.68, according to Refinitiv Revenue: $18.22 billion, 4.2% higher than a year earlier, according to Refinitiv Trading Revenue: Fixed Income, $4.06 billion; Equities, $1.31 billion, according to StreetAccount Investment Banking: $922.8 million Having a low stock price hasn't protected Citigroup from further declines. It's the cheapest of the six biggest U.S. banks from a valuation perspective, having declined 27% this year. On Thursday, Citigroup shares hit a fresh 52-week low. How will Citigroup CEO Jane Fraser begin to turn the tide? Fraser has announced plans to exit retail banking markets outside the U.S. and set medium-term return targets in March. But there are no easy answers. Bank stocks have been hammered this year over concerns that the U.S. is facing a recession,...
    In this article JPMJPMorgan Chase CEO Jamie Dimon speaks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019.Jeenah Moon | ReutersJPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Thursday. Here's what Wall Street expects: Earnings: $2.88 per share, according to Refinitiv Revenue: $31.95 billion, 1.8% higher than a year earlier Net Interest Income: $14.98 billion, according to StreetAccount Trading Revenue: Fixed income $5.14 billion, Equities $2.96 billion Investment Banking fees: $1.9 billion JPMorgan, the biggest U.S. bank by assets, will be watched closely for clues on how the banking industry fared during a quarter marked by conflicting trends. On the one hand, unemployment levels remained low, meaning consumers and businesses should have little difficulty repaying loans. Rising interest rates and loan growth mean that banks' core lending activity is becoming more profitable. And volatility in financial markets has been a boon to fixed income traders. But analysts have begun slashing earnings estimates for the sector on concern about a looming recession, and most big bank stocks...
    Part Owner and Executive Chef Steve Kemper, prepares food in the kitchen at the Go Fish! Seafood Restaurant and Sushi Bar in Sinking Spring, Pennsylvania, April 8, 2021.Ben Hasty | MediaNews Group | Reading Eagle via Getty Images June's employment report is expected to show strong hiring continues across a broad range of industries, and that the labor market may so far be untouched by concerns about a recession on the horizon. According to Dow Jones, economists expect 250,000 jobs were added last month, down from 390,000 in May. Economists also expect the unemployment rate to remain flat at 3.6%, and wages are expected to rise 0.3%, about the same as May. The report is released at 8:30 a.m. ET Friday. "Overall, we're looking for a very solid jobs report. I think there's been some concerns about a slowdown in consumer spending and the housing sector, but that's not showing up yet in the labor market," said Aditya Bhave, senior U.S. and global economist at Bank of America. Bhave expects stronger job growth at 325,000, but he expects the pace...
    The climate crisis continues to bite in the U.S. this week with nearly one-third of people in the country living under heat advisories and warnings on Tuesday as high temperatures were reported from the Gulf Coast to the Upper Midwest and across the Southeast. More than 107 million people are being advised to stay indoors as possible to avoid record-setting heatwaves that have been reported across the country in recent days, moving eastward and expected to continue for at least the next two weeks. The National Weather Service (NWS) posted a map showing the maximum temperature forecast for the next week, with South Texas and Georgia residents expected to face 102°F heat and temperatures reaching 105° in parts of South Carolina and Nebraska. "Dangerous, record-setting heat to continue from the Upper Midwest to the Southeast through midweek," the NWS said. The warning was indicative of "the new normal" created by the climate crisis, tweeted the progressive advocacy group Roots Action. As Common Dreams reported on Tuesday, the heatwave comes as the Yellowstone National Park area faces catastrophic flooding which swept...
    In this article TWTRMusk would have been appointed to Twitter's board on Saturday, but the world's richest man informed the company on the day that he would not, in fact, be taking the board seat.Andrew Burton | Getty Images News | Getty ImagesTwitter is set to report earnings for the first quarter of 2022, in what could be one of its last reports as a public company after its board agreed to sell to Elon Musk for $44 billion. Here are the key numbers: Earnings per share: 3 cents expected, according to Refinitiv survey of analysts Revenue: $1.23 billion expected, according to Refinitiv Monetizable Daily Active Users (mDAUs): 226.9 million expected, according to StreetAccount Before the deal was formally announced on Monday, some analysts speculated that Twitter might have wanted to finalize the deal before reporting earnings this weak, anticipating a disappointing quarter. Snap reported last week that its revenue was impacted by macroeconomic trends weighing on advertisers, which could similarly affect Twitter. Though it could still take months for Musk's deal to buy Twitter...
    In this article MCDMcDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY.Eduardo Munoz | Getty ImagesMcDonald's is expected to report its first-quarter earnings before the bell on Thursday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.17 expected Revenue: $5.59 billion expected A year ago, the burger chain was beginning to lap the early days of pandemic lockdowns in the U.S., so analysts have relatively low expectations for domestic same-store sales growth this quarter. Wall Street is forecasting U.S. same-store sales increased by 3.3%, according to StreetAccount estimates. Last quarter, U.S. same-store sales climbed 7.5%. On top of tough comparisons, McDonald's and its franchisees have been raising prices in the U.S. as oil and other commodity costs soar. The earnings report could include indicators of the fast-food giant's pricing power, like strong traffic numbers despite the price hikes. Outside of McDonald's home market, all attention will likely be on the cost of suspending business in Ukraine and Russia. In March, CFO...
    In this article CMGA customer sits outside of a Chipotle restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021.David Paul Morris | Bloomberg | Getty ImagesChipotle Mexican Grill is expected to report its first-quarter earnings after the bell on Tuesday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $5.64 expected Revenue: $2.01 billion expected Like the broader restaurant industry, Chipotle has been facing higher costs for labor and its ingredients. Executives said last quarter that the chain has pricing power, but investors will be watching to see if consumers have become more sensitive to paying more for their tacos and burritos. Same-store sales growth was already expected to slow somewhat due to the omicron variant and winter storms. Wall Street is forecasting same-store sales increased by 7.9% in the quarter, according to StreetAccount estimates. Last quarter, the chain reported same-store sales growth of 15.2%. In the face of these challenges, the stock has been selling off ahead of its earnings report. Over the last week, shares have fallen 11% giving the...
    In this article PGBottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.Mario Tama | Getty ImagesProcter & Gamble is expected to report its fiscal third-quarter earnings before the bell. Here's what Wall Street analysts are expecting, based on a Refinitiv survey: Earnings per share: $1.29 expected Revenue: $18.73 billion expected Consumer goods giant P&G may serve as a bellwether for investors as costs rise shoppers weigh higher price tags. So far, price hikes have helped the company preserve profits amid soaring inflation. Products like Oral-B toothbrushes and Gillette razors saw a sales bump last quarter, thanks to price increases. But investors will be watching closely for any changes in consumer behavior as shoppers face elevated prices at the gas pump and in grocery store aisles. Russia's invasion of Ukraine has not only intensified inflation in the U.S., but also spurred scrutiny of P&G and other Western companies that operate in Russia. P&G has suspended its Ukrainian operations and scaled back those...
    Getty A group of New York Jets players huddling up during the Week 1 matchup versus the Carolina Panthers. At the end of the day, the NFL is a business. The New York Jets are going to have to make some tough decisions this offseason with which free agents they should keep and which one they should leave by the wayside. One insider provided some details on one key free agent who is destined for greener pastures. Read More From Heavy How You Can Help Ukraine: Verified Charities, GoFundMe & Ways to Support Ukrainians ALL the latest Jets news straight to your inbox! Join the Heavy on Jets newsletter here! Join Heavy on Jets! Another One Bites the Dust Play Mock Draft Monday: Damien Woody talks Jets draft, why Darrelle Revis is a 1st ballot HOF'erBoy Green was joined by former New York Jets player and current ESPN NFL Analyst, Damien Woody: – Is Darrelle Revis a first-ballot hall of famer? – Tyler Linderbaum discussion? – What is the best-case scenario in the first round? Make...
    In this article SBUXThe Starbucks logo is displayed on a cup at a Starbucks store on October 29, 2021 in Marin City, California.Justin Sullivan | Getty ImagesStarbucks is expected to report its quarterly earnings after the bell Tuesday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 80 cents expected Revenue: $7.95 billion expected Last quarter, the coffee giant said it was preparing for record-breaking holiday sales. But that was before a surge of new Covid-19 cases in the U.S. caused by the omicron variant, led to a worsening labor crunch and shortened store hours across the restaurant industry. Still, analysts are confident that the company wasn't impacted too harshly by the resurgence in U.S. cases. StreetAccount estimates Starbucks will report same-store sales growth of 17.3% in the Americas for its fiscal first quarter. The company will likely face questions about how it's dealing with the union push from its U.S. company-owned cafes. As of Monday, 54 stores have filed for union elections. The pace of new filings with the National Labor Relations Board...
    London (CNN)A long-awaited report into parties in UK Prime Minister's Boris Johnson's government during coronavirus restrictions has been published.Sue Gray's initial, stripped-back findings say that "against the backdrop of the pandemic, when the Government was asking citizens to accept far-reaching restrictions on their lives, some of the behaviour surrounding these gatherings is difficult to justify.""At least some of the gatherings in question represent a serious failure to observe not just the high standards expected of those working at the heart of Government but also of the standards expected of the entire British population at the time," it addsThis is a breaking story. More details soon...
    In this article MCDSignage outside a McDonald's Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021.Luke Sharrett | Bloomberg | Getty ImagesMcDonald's is expected to report its fourth-quarter earnings before the bell Thursday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.34 expected Revenue: $6.03 billion The fast-food giant has been soundly squashing its rivals in recent quarters, and Wall Street is predicting similar results this time around, too. Analysts are expecting U.S. same-store sales growth of 6.9%, according to StreetAccount estimates. But the burger chain is facing a number of challenges as it heads into 2022. Staffing shortages, food inflation and the omicron variant have hit the restaurant industry at large. And some of its international markets have imposed vaccination mandates that could make consumers less likely to visit. However, Wall Street is confident that McDonald's is positioned well despite those potential obstacles. The company is also expected to release its 2022 outlook on Thursday. Wall Street is forecasting earnings of $10.15 per share and revenue of $24.74...
    In this article GSDavid M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, April 29, 2019Mike Blake | ReutersGoldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here's what Wall Street expects: Earnings: $11.76 per share, 2.7% lower than a year earlier, according to Refinitiv Revenue: $12.08 billion, 2.9% higher than a year earlier. Trading Revenue: Fixed Income: $1.79 billion, Equities: $2.43 billion, according to FactSet. Investment Banking Revenue: $3.25 billion. Goldman Sachs has thrived during the past two years — a booming period in capital markets that suited the bank's Wall Street-centric business model. Now, how will CEO David Solomon's bank navigate the next phase? The question is timely because the red-hot trading markets of the past year are expected to cool down in 2022. Fixed income trading in particular is expected to decline in the fourth quarter. That's expected to be offset by robust investment banking revenue amid a high rate of mergers and SPAC deals. Analysts will be keen to...
    A pedestrian wearing a protective mask walks past a Citibank branch in New York on Friday, April 10, 2020.Bloomberg Citigroup is set to report its fourth-quarter results later on Friday. Here's what analysts expect from the banking giant's numbers: Earnings per share: $1.38 estimated, according to Refinitiv Revenue: $16.75 billion expected Net interest income: $10.44 billion expected, according to StreetAccount Noninterest income: $6.34 billion forecast Institutional Clients Group revenue: $9.56 billion forecast Fixed income trading: $2.71 billion expected Equities trading revenue: $839.7 million estimated Citigroup CEO Jane Fraser has some explaining to do. Shares of her bank slumped 2% last year, while the KBW Bank Index jumped 37% and all of her big bank peers surged on strong capital markets revenue and expectations for rising interest rates. But Citigroup, which trades for less than tangible book value (the measure of what a bank would be worth if it were liquidated), has been struggling for years. When Fraser took over for predecessor Michael Corbat a year ago, her mandate was to improve returns at the third biggest U.S. bank...
    In this article JPMJP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.Brian Snyder | ReutersJPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Friday. Here's what Wall Street expects: Earnings: $3.01 per share, 21% lower than a year earlier, according to Refinitiv. Revenue: $29.9 billion, 0.9% lower than a year earlier. Net Interest Income: $13.45 billion, according to FactSet Trading Revenue: Fixed income $3.40 billion, Equities $2 billion Investment Banking fees: $3.22 billion JPMorgan Chase, the first major bank to report fourth-quarter earnings, will be closely watched for signs of an expected rebound in lending. Government stimulus programs during the pandemic left consumers and businesses flush, resulting in stagnant loan growth and prompting CEO Jamie Dimon to say last year that loan growth was "challenged." But analysts have pointed to a rebound in the fourth quarter, driven by demand from corporations and credit card borrowers. They'll want to see that show up in JPMorgan's results, as that, along with...
    In this article LOW HD A customer partially wearing a mask at a store in Reston, Virginia, on Thursday, May 21, 2020.Andrew Harrer | Bloomberg via Getty ImagesHome Depot is expected to report its fiscal third-quarter earnings before the bell Tuesday. Here's what analysts surveyed by Refinitiv are expecting: Earnings per share: $3.40 expected Revenue: $35.01 billion expected The home improvement retailer reported soaring sales a year ago as the pandemic fueled more do-it-yourself projects. But Wall Street is expecting more muted results this quarter, predicting that the boom in home projects is fading. Analysts are forecasting same-store sales growth of just 2.2%, according to StreetAccount estimates. Still, a strong housing market has helped Home Depot and rival Lowe's. Demand has been rising from home professionals, helping to offset lower demand from do-it-yourself projects. Like other retailers, Home Depot faced a number of headwinds during the quarter, including the surge of new Covid-19 cases due to the delta variant, supply chain issues and a labor crunch. Investors will be watching closely to see if the company can...
    Jimmy Lake’s days with the Washington Huskies are reportedly numbered. According to Jason Puckett, former Washington quarterback Hugh Millen said during an appearance on 950 KJR that the program is in the process of negotiating a buyout with their head football coach. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Hugh Millen on @SportsRadioKJR just said on the air that Jimmy Lake is done at UW. They (school) are currently in buyout negotiations. Hugh said Lake may coach a few more games, but won’t be around after the season. — Jason Puckett (@JasonPuckett20) November 10, 2021 Lake has been suspended without pay for the Arizona State game after striking his own player during a scrum on the sideline. Jimmy Lake pops Ruperake Fuavai in the helmet and shoves him for getting into it with Jaylon Redd on the sideline pic.twitter.com/7AdSuugGe3 — Ralph Amsden (@ralphamsden) November 7, 2021 I don’t know what kind of impact Lake’s suspension will have on his guaranteed buyout money, but I’m sure it could have a substantial impact if the...
    WASHINGTON (AP) — After two disappointing months of hiring, a key question overhanging Friday’s U.S. jobs report for October will be whether companies found more success this time in filling millions of open positions. Economists have forecast that employers added roughly 400,000 jobs last month, according to a survey by the data provider FactSet. That would be a stronger showing than the average monthly gain of 280,000 in August and September, though well below the vigorous increases of about 1 million jobs each in June and July. The unemployment rate is expected to fall from 4.8% to 4.7%. There are signs that the economy is emerging from a delta-induced slowdown and that the job market may be doing so as well. Consumer confidence rose in October after three months of declines. Services companies in such areas as retail, banking and warehousing reported a sharp jump in sales. And more Americans bought new homes last month. Yet some companies say they still can’t find enough workers to fill jobs. Many parents, particularly mothers, haven’t returned to the workforce after having...
    In this article SBUXStarbucks shift supervisor Adan Miranda wears a face mask as he serves a drink to a customer while standing behind a plexiglass shield in a booth outside the store in Sacramento, Calif., Thursday, May 21, 2020.Rich Pedroncelli | APStarbucks is expected to report its fiscal fourth-quarter earnings after the bell Thursday. Here's what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 99 cents expected Revenue: $8.21 billion expected Analysts surveyed by StreetAccount expect Starbucks' same-store sales will rise 18.3%, but the primary focus will be on the global coffee chain's largest two markets. In the United States, the delta variant and its fallout, like the delays in the return to offices, could have resulted in weaker demand for Starbucks' coffee drinks. In China, the company's second-biggest market, the focus will be the country's recovery. Starbucks warned last quarter that it was going slower than anticipated, and resurgences of Covid-19 likely didn't help. Investors will also want to know how Starbucks is handling staffing, inflation and supply chain challenges, which have...
    COVID-19 live updates: CDC director stands by decision to overrule panel on boosters Dozens of Massachusetts state police officers are quitting over the state’s COVID-19 vaccine requirement © Provided by NBC Sports Replay Video SETTINGS OFF HD HQ SD LO Skip Ad The Saints have received some relatively good news on their left tackle. Terron Armstead had to exit Sunday’s win over the Patriots with an elbow injury. But according to NFL Media’s Ian Rapoport, the injury will sideline Armstead for weeks but is not believed to be season-ending — barring something else coming up from a later exam. Armstead has been New Orleans’ starting left tackle since 2014 but never played all 16 games in a season. James Hurst replaced Armstead on Sunday. Though Armstead is expected to return this season, New Orleans is now without two-fifths of its starting offensive line. Center Erik McCoy has missed the last two games after suffering a calf injury in the Week One win over the Packers. Report: Terron Armstead’s elbow injury is not expected to be season-ending originally appeared on...
    The definitive Kiss playlist The Poverty Rate The Year You Were Born © Provided by NBC Sports Replay Video SETTINGS OFF HD HQ SD LO Skip Ad In video released by the team on social media, Justin Herbert doesn’t address hitting his hand on the helmet of a Chiefs defender. Herbert shook his hand after the hit, appearing in pain, but he didn’t miss a play. James Palmer of NFL Media reports the Chargers quarterback left the stadium with his throwing hand wrapped in ice. Palmer surmised it was “most likely precaution(ary).” Herbert threw two touchdown passes after hurting his hand, including the game-winner to Mike Williams with 32 seconds left. Chargers coach Brandon Staley called Herbert “the best player on the field.” It’s hard to argue as Herbert had no turnovers to Patrick Mahomes‘ two. Herbert was 26-of-38 for 281 yards and four touchdowns in the biggest win of his young career. Report: Justin Herbert’s throwing hand is expected to be OK originally appeared on Pro Football Talk
    In this article IYGA sign advertising job openings is seen while people walk into the store in New York City, New York, U.S., August 6, 2021.Eduardo Munoz | ReutersAugust's employment report is expected to show another strong month for hiring, but it could also give a glimpse at how the Covid delta variant has impacted the economy. The jobs report, set for release Friday at 8:30 a.m. ET, is also expected to provide critical guidance for the Federal Reserve in its process of deciding when to begin trimming its bond purchases. According to Dow Jones, economists expect 720,000 payrolls were added in August, a strong number, but down from the 943,000 in July. The unemployment rate is expected to have slipped further to 5.2% from 5.4%, and average hourly earnings are expected to have risen by 0.3%, or 4% on an annual basis, according to Dow Jones. "I think the risks are very much to the downside," said Lee Ferridge, head of macro strategy for North America at State Street Global Markets. "I'm not sure how much we're factoring in the...
    In this article HDCustomers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021.David Paul Morris | Bloomberg | Getty ImagesHome Depot is preparing to report its fiscal second-quarter earnings Tuesday before the market opens. Here's what Wall Street is expecting, according to a survey of analysts by Refinitiv: Earnings per share: $4.44 expected Revenue: $40.79 billion expected A strong housing market, with increasing home prices and low mortgage rates, has aided home improvement chains Home Depot and Lowe's. But analysts are watching to see how long this trend continues, with the delta variant forming the latest headwind for retail businesses. Unease about the rising number of Covid-19 cases could curtail consumer spending. Analysts say lumber price inflation peaked during Home Depot's most-recent quarter, which should boost sales, but could weigh on profit margins. The company faces tough comparisons with a year earlier, when its brick-and-mortar stores remained open during the pandemic, and many Americans invested in remodeling projects. Home Depot's revenue growth is expected to slow...
    Scientists with the United Nations have been sounding the alarm on humans fueling dangerous greenhouses gasses for the past 30 years, but on Monday, 234 experts issued the most devastating assessment yet that reveals the US is headed for disaster. Flooding, deadly fires and heat waves will not only become the norm but will intensify in a warming world, warns the 3,949-page assessment. Humans have already heated the planet by roughly 2 degrees Fahrenheit (1.1C), since the 19th century, largely by burning coal, oil and gas for energy – with the US being on of the top producers. Scientists had expected temperatures to rise by 2.7F (1.5C) above pre-industrial levels between 2030 and 2052 but now believe it will happen between this year and 2040.  The consequences are already ripping across the nation: This summer alone, blistering heat waves have killed more than 3,000 American and wildfires have cost at least $8 billion, while flooding has caused nearly $75 billion in damages in the past 30 years.  Linda Mearns, a senior climate scientist at the U.S. National Center for Atmospheric...
    A panel of leading scientists convened by the United Nations issued a comprehensive report Monday that contains a stark warning for humanity: The climate crisis is here, some of its most destructive consequences are now inevitable, and only massive and speedy reductions in greenhouse gas emissions can limit the coming disaster. Assembled by the International Panel on Climate Change (IPCC)—a team of more than 200 scientists—the new report represents a sweeping analysis of thousands of studies published over the past eight years as people the world over have suffered record-shattering temperatures and deadly extreme weather, from catastrophic wildfires to monsoon rains to extreme drought. The result of the scientists' work is a startling assessment of the extent to which human activity, particularly the burning of fossil fuels, has altered the climate, producing "unprecedented" planetary warming, glacial melting, sea level rise, and other changes that are wreaking havoc in every region of the globe—wiping out entire towns, imperiling biodiverse ecosystems such as the Great Barrier Reef and the Amazon rainforest, and endangering densely populated swaths of the world. "This report is...
    Selena Gomez Jokes, I Signed My Life Away to Disney as She Reflects on New TV Show Role We used these things all the time, and now theyre obsolete © Provided by NBC Sports Replay Video SETTINGS OFF HD HQ SD LO Skip Ad Troy Polamalu didn’t receive his gold jacket in person Friday, but he is expected to arrive in Canton in time for his Saturday enshrinement, Howard Balzer of SI.com reports. Polamalu recently tested positive for COVID-19, putting his participation in Hall of Fame induction weekend in jeopardy. But the former Steelers safety received clearance in time to make Saturday night’s ceremony and deliver his speech. He is one of three Steelers going into the Hall of Fame on Saturday night, joining Donnie Shell and Bill Cowher. Former Steelers Alan Faneca and Bill Nunn Jr. will earn induction Sunday. Polamalu was elected in his first year of eligibility as a member of the 2020 Centennial Class. That enshrinement ceremony was moved from August 2020 to Aug. 7, 2021, because of the pandemic. Report: Troy Polamalu is expected...
    A worker machines a screed tower link at the Calder Brothers' facility in Taylors, South Carolina, U.S., July 19, 2021.Brandon Granger | Calder Brothers Corporation | Reuters The economy is expected to have added about 845,000 payrolls in July, according to Dow Jones consensus estimate, as America's workforce gradually rebuilds from sharp pandemic-induced job losses. But the uncertainties of Covid, spreading again at a rapid pace, has become a wild card for the labor market, just as it has for the broader economy. The rate of new infections in the U.S. is edging toward 100,000 per day, faster than last summer when there were no widely available vaccines. Wall Street forecasts are wide-ranging for the July employment report, which is released Friday at 8:30 a.m. ET. Wilmington Trust economists, for instance, expect just 350,000 payrolls, while Jefferies economists predict 1.2 million jobs were added. "The range is 1.2 million to 350,000. That just tells you there's very little confidence in those numbers," said Michael Schumacher, director of rates strategy for Wells Fargo.VIDEO4:2504:25Companies expand recruiting base amid labor shortage, says Recruiter.com's...
    In this article GMGeneral Motors Co. Chevrolet Traverse sports utility vehicles (SUV) sit on the assembly line at the company's Lansing Delta Township Assembly Plant in Lansing, Michigan, on Friday, Feb. 21, 2020.Jeff Kowalsky | Bloomberg | Getty ImagesGeneral Motors is set to report its second-quarter earnings Wednesday morning. Here's what Wall Street is expecting, based on average analysts' estimates compiled by Refinitiv. Adjusted EPS: $2.23 Revenue: $30.9 billion Those results would be a record for the automaker in the second-quarter, topping its adjusted earnings before interest and taxes of $3.9 billion, or $1.86 a share, in 2016. GM has been weathering challenges from a global shortage of semiconductor chips, which has caused factory shutdowns and is expected to shave billions off the industry's earnings in 2021. In June, GM projected better-than-expected results in the second quarter despite the industrywide impact of the shortage, which also is causing record vehicle pricing and profits. GM on Tuesday confirmed its three North American full-size pickup truck assembly plants will be shut down next week due to the shortage. The company said...
    In this article JPMJPMorgan Chase CEO Jamie Dimon speaks at the North America's Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019.Jeenah Moon | ReutersJPMorgan Chase is scheduled to report first-quarter earnings before the opening bell on Wednesday. Here's what Wall Street expects: Earnings: $3.10 per share, almost 300% higher than a year earlier, according to Refinitiv.Revenue: $30.52 billion, 5% higher than a year earlier.Net interest margin: 1.79%, according to FactSetTrading revenue: Fixed income $4.97 billion, equities $2.31 billion JPMorgan Chase, the first major bank to report first-quarter earnings, will be closely watched for clues as to how the industry will emerge from the coronavirus pandemic. One key question is whether banks will continue to release loan loss reserves — and the magnitude of those releases — that are no longer needed as the U.S. economic recovery gains pace. In the fourth quarter, JPMorgan beat expectations in part by releasing $2.9 billion in reserves.   JPMorgan, with the world's biggest Wall Street division by revenue, is also expected to benefit from robust investment banking fees driven by...
    Executive Sous Chef Judith Cooper carves a turkey at Rosa Mexicano's near Lincoln Center in New York City.Alexi Rosenfeld | Getty Images Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report. Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy reopened more broadly, and the number of vaccinated people increased. The unemployment rate is forecast to fall to 6% from 6.2% in February. "When it comes to the economy, things are looking up," said Shawn Snyder, head of investment strategy at Citi U.S. Wealth Management. He said Citigroup expects 600,000 jobs to have been created in March. "But the whisper number around the street is closer to a million, so expectations are pretty high." The payroll report is scheduled for release at 8:30 a.m. ET on Friday. The stock market will be closed for Good Friday, but the bond market will be open for a half day. In February, 379,000 jobs were added. That number would have been about 100,000 higher if...
    The European Medical Agency (EMA) said there could be a possible link between AstraZeneca’s Plc (NASDAQ: AZN) COVID-19 vaccine and a rare type of blood clot, identifying 62 cases of the condition while insisted the shot’s benefits still outweigh its risks. What Happened: According to CNBC, the EMA said its safety committee would probably issue an updated recommendation next week. If a connection between the clots and Astra’s vaccine is established, the EMA will change its recommendations, Executive Director Emer Cooke said. For now, there’s no evidence to support restricting the use of the vaccine in any population of people. A review identified 246 such reactions in Britain, out of 269 instances in a dozen countries, including about 40 deaths. The EMA report said it “hasn’t identified any specific risk factors, such as age, gender or a previous medical history of clotting disorders,” for the cases that have occurred after vaccination. Separately, Germany has suspended the use of AZN shot in people under-60 years of age, reported CNBC. The move comes after 31 cases of a rare type of blood...
    Wisconsin athletic director Barry Alvarez will reportedly retire. According to Jeff Potrykus, the legendary AD and former football coach “is close to retiring” and an announcement could come at some point in the next few weeks. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Some #Badgers news for you today: Barry Alvarez, UW’s full-time AD since 2006, is close to retiring. Expect an announcement sometime in the next couple weeks. Sounds as if Alvarez could stay on through July. We’ll have a quick story on our site soon. He is 74. — Jeff Potrykus (@jaypo1961) March 27, 2021 If this is the end of the road for Alvarez, it was a hell of a ride and I’m honored to have watched him build up our athletic department. People seem to forget just how bad Wisconsin used to be at football and basketball. That all changed in the early 1990s when Alvarez took over the football team. He took us from being a joke to being a hell of a powerhouse program in the B1G. Once...
    The Philadelphia Eagles reportedly plan on riding with Jalen Hurts at quarterback from day one of the 2021 season. The Eagles traded Carson Wentz to the Colts this offseason, and there’s been speculation about whether or not competition would be brought in for Hurts. Well, it looks like that’s not going to happen. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football)   View this post on Instagram   A post shared by Jalen Hurts (@jalenhurts) Chris Mortensen said the following Monday, according to BleedingGreenNation.com: Yes, Jalen Hurts is the guy. Jeffrey Lurie, the owner of the Eagles, has basically sent the message to his personnel department and Howie Roseman that he wants to do everything he can to help Jalen Hurts be successful and not bring in somebody to compete for the job. Now, they have a new head coach in Nick Sirianni, he understands what the owner wants, the owner gets. You can listen to Mortensen’s full comments below. “Jalen Hurts is the guy. Lurie wants to do everything he can to help him...
    A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020.David Swanson | Bloomberg | Getty Images Walmart is set to report its fiscal fourth-quarter earnings before the bell on Thursday. Here's what Wall Street is expecting: Earnings per share: $1.50 expected, according to Refinitiv's consensus estimates Revenue: $148.3 billion expected by Refinitiv estimates U.S. same-store sales, excluding fuel: gain of 5.8% expected by StreetAccount's survey The big-box retailer has benefited from pandemic trends, from cooking to doing puzzles at home, and likely got a boost from stimulus checks. The $600 checks gave a jolt to retail sales, which rose 5.3% in January. Walmart's e-commerce sales in the U.S. have soared in recent quarters, too, though that rate has slowed. They rose by 74% in the first quarter, 97% in the second quarter and 79% in the third quarter, respectively. Zoom In IconArrows pointing outwards Yet analysts and shareholders have watched to see whether the retailer can sustain its momentum and turn its growing online business into...
    Biden honors Black troops in first Pentagon visit Epstein Executors Added to Virgin Islands Racketeering Suit Karl-Anthony Towns responds to Shams Charania’s “expected to return” report with “This is news to me!” One of the more notable, and sometimes more entertaining, aspects of Twitter is how easy it is for athletes, politicians, celebrities and more to engage with news reports about them that they dispute. The latest case on that front comes from the Minnesota Timberwolves’ Karl-Anthony Towns, who has missed their past 13 games while recovering from COVID-19. Shams Charania of The Athletic and Stadium tweeted Wednesday that Towns (seen in the middle at top on the bench during a game last February) was “expected to return tonight vs. the Clippers,” and Towns quoted-tweeted that with “News to me!” and said that his plan was to go through shootaround and see how he feels. © Provided by Awful Announcing Karl-Anthony Towns in a Feb. 2020 game. This is news to me! Last time I checked, I was gonna go through shootaround and see how I feel. Underlying conditions...
    Patrick Mahomes will reportedly undergo surgery Wednesday. According to Ian Rapoport, Mahomes will get surgery on his foot in order to repair a torn plantar plate. Rapoport reported that the rehab will last months, but it’s “expected” that the star passer will be just fine. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Source: #Chiefs QB Patrick Mahomes will undergo surgery tomorrow to repair a torn plantar plate in his foot, also known as turf toe. The rehab will be several months, but he’s expected to make a full recovery. Noted foot specialist Dr. Robert Anderson will perform the procedure. — Ian Rapoport (@RapSheet) February 9, 2021 Obviously, you never want to see the face of a franchise in a position where he needs surgery, but Mahomes has been dealing with this issue for a minute or two at this point. Luckily, it doesn’t sound too serious. Given the fact the surgery is happening Wednesday, he’ll have plenty of time to be ready for the 2021 season.   View this post on Instagram   A post...
    NBCUniversal kicks off it's new Peacock streaming service.Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast is set to report fiscal fourth-quarter earnings before-the-bell on Thursday. Here are the key numbers Wall Street is expecting: Earnings per share: 48 cents expected, according to Refinitiv survey of analysts. Revenue: $26.78 billion expected, according to Refinitiv. High-speed internet customers: 490,000 net adds expected, according to FactSet Investors expect to learn more about the status of NBCUniversal's new streaming service, Peacock. The service, which offers free and paid options, had nearly 22 million sign-ups when Comcast last reported earnings in October. Ahead of its launch, the company had a goal of reaching 30 million to 35 million active Peacock accounts by 2024. Peacock is still fairly new to the streaming wars, but the company has managed to wrangle exclusive content to its platform. The company earlier this week announced it reached an exclusive agreement to stream wrestling matches from the WWE Network in the U.S., putting an end to WWE Network's independent streaming platform in the States. The latest...
    Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here's what Wall Street expects: Earnings: $1.34 a share, 38% lower than a year earlier, according to Refinitiv Revenue: $16.7 billion, 9.1% lower than a year earlier Net Interest Margin: 2.01%, according to FactSet Trading Revenue: Fixed income: $2.61 billion, Equities: $697 million, according to FactSet Citigroup made history when it announced Jane Fraser was taking over as CEO, making it the first big Wall Street bank to be run by a woman. Now, weeks before she's set to take over for Mike Corbat, Fraser is expected to address investors and analysts for the first time on Friday. Shareholders are keen to hear how Fraser, a former McKinsey partner who ran the bank's Latin American operations before becoming president in 2019, will improve returns at the company. Citigroup, the third-biggest...
    New Orleans Saints quarterback Drew Brees is expected to retire at the end of the season. According to Adam Schefter, “most people believe” Brees will hang up his cleats at the end of the season. He will likely go into broadcasting for NBC once his NFL playing days are over. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Most people believe this will be the final season for Drew Brees in New Orleans and the NFL, per @AdamSchefter. pic.twitter.com/WaZL4ob6pj — ESPN (@espn) January 3, 2021 If this is finally the end of the road for Brees, then it’s been a hell of a ride for the New Orleans Saints superstar. He’s done more than enough to punch his ticket to the hall of fame, and there’s no doubt about that at all.   View this post on Instagram   A post shared by New Orleans Saints (@saints) Brees has been one of the most prolific passers in the history of the NFL, has a Super Bowl ring and has been a star since entering the...
    Sullivan maintains slender lead heading into final day in Dubai 15 Worst New Fast-Food Menu Items of 2020 November 2020 jobs report: America is coming up short on jobs as the economic recovery falters The US economy added 245,000 jobs in November on a seasonally adjusted basis, the Bureau of Labor Statistics reported Friday. It was 224,000 fewer than economists had expected, as the job recovery continues to slow. © Nam Y. Huh/AP The unemployment rate inched down to 6.7%, from 6.9% in October. Eight months after Covid-19 brought the economy to a screeching halt, and following better-than-expected improvements over the summer months, the recovery is running out of steam. The economy is still down 9.8 million jobs since February, before the crisis began. Millions of Americans continue to struggle with joblessness through no fault of their own. The pandemic unemployment benefits introduced by the CARES Act in the spring will expire at year-end unless Congress acts fast. This is a developing story. It will be updated.
    Detroit Lions quarterback is expected to be on the field Sunday against the Carolina Panthers. According to Tom Pelissero, Stafford has a partial ligament tear on his right thumb, but the Lions star passer is expected to start against Carolina. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) Tests revealed #Lions QB Matthew Stafford has a partial tear in a ligament in the thumb on his throwing hand, per sources. They’ll take the week to see how he throws the ball. But Stafford is tough as they come and the expectation is he starts Sunday against the #Panthers. — Tom Pelissero (@TomPelissero) November 17, 2020 Fans of the Lions better hope like hell that Stafford is out there against the Panthers. We all know how bad Detroit is when he’s off the field. Even when Stafford is playing, the Lions are far from elite.   View this post on Instagram   A post shared by Detroit Lions (@detroitlionsnfl) You take Matthew Stafford off of the field for Detroit, and you’re asking for an absolute...
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