News Formal

This week: Consumer confidence, Dick's Sporting Goods earnings and the latest US inflation reading

  • 📰 AP
  • ⏱ Reading Time:
  • 14 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Dicks Sporting Goods Nyheter

Inc.,Inflation,F

The Conference Board on Tuesday issues its consumer confidence index for May. On Wednesday, Dick’s Sporting Goods releases its latest financial results and on Friday the Commerce Department delivers its April data on U.S. consumer spending and inflation.

Confidence deteriorated in April for the third straight month as Americans fret about their short-term financial futures with prices and interest rates still elevated. The index measuring Americans’ short-term expectations for income, business and the job market tumbled to 66.4 from 74 last month. Analysts expect confidence dipped again this month.Analysts forecast Pennsylvania-based Dick’s made $2.99 per share in the first quarter on $2.94 billion in sales.

Analyst forecast that year-over-year inflation held steady at 2.7% from March to April. The report is closely monitored by the Federal Reserve, which raised interest rates to their highest levels in 22 years in an effort to tame four-decade high inflation.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 728. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Clark signs multiyear deal with Chicago-based company Wilson Sporting Goods for signature basketball lineCaitlin Clark signed a multiyear deal with Chicago-based company Wilson Sporting Goods for a signature basketball line, the company announced Tuesday.
Källa: fox32news - 🏆 547. / 51 Läs mer »