Investors should focus on key economic indicators next week, including commentary from Federal Reserve officials such as Governor Michelle Bowman, who dissented from the 50 basis point rate cut. On Wednesday, the Fed will release minutes from its September meeting, offering insights into future monetary policy decisions.
The market will also receive updated inflation data with the release of the September Consumer Price Index (CPI) and Producer Price Index (PPI), both expected to show declining inflationary pressures. Major banks, including JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), and BNY Mellon (BK), will report quarterly earnings, providing further market direction.
Negotiations between Boeing (BA) and the union representing machinists are set to resume on Monday, potentially impacting investor sentiment.
In corporate news, OpenAI is exploring a transition from a non-profit to a for-profit structure, possibly as a Delaware public benefit corporation. This move could benefit Microsoft (MSFT), a major investor in OpenAI.
Constellation Brands (STZ) reported mixed second-quarter results, with weakness in wine and spirits offset by strong beer sales. CEO Bill Newlands expressed optimism about the company’s future, noting strong brand loyalty among Hispanic consumers, who form a significant portion of their customer base. He also highlighted growth in non-alcoholic beverage alternatives due to improved taste quality.
— news from Yahoo Finance
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Economic Sector Performance Dashboards
Fed commentary, CPI, PPI, bank earnings: What to watch
Here ‘s what investors need to watch next week. Throughout the week, investors will get commentary from several Federal Reserve officials including Governor Michelle Bowman, the sole dissenter of the 50 basis point cut. On Wednesday, the Fed will release minutes from its September meeting. The commentary and minutes could provide insight into the Fed ‘s next move in the ongoing rate-cutting cycle. The market will receive fresh economic data, including the September Consumer Price Index (CPI) and Producer Price Index (PPI). Experts expect both figures to show declining inflation. Bank earnings take center stage, with JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), and BNY Mellon (BK) reporting quarterly results. Negotiations between Boeing (BA) and the union representing machinists are set to resume on Monday. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan.
How an OpenAI for-profit transition will benefit Microsoft
ChatGPT developer OpenAI is considering a shift from its current non-profit model to a for-profit structure. Specifically, the company is exploring the possibility of becoming a Delaware public benefit corporation — a business model that combines traditional corporate elements with a commitment to public benefit initiatives. Yahoo Finance legal reporter Alexis Keenan delves into the details of this potential transition — highlighting how tech giant Microsoft (MSFT), a major investor in OpenAI, stands to reap substantial benefits from this move. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith
We ‘re focused on improving performance, operations: Constellation Brands CEO
Constellation Brands (STZ) posted mixed second-quarter results, showing weakness in its wine and spirits segment while maintaining strong demand for beer products. CEO Bill Newlands joins Catalysts to discuss the company ‘s operations and current challenges. Despite the mixed report, Newlands remains “optimistic that things are going to get better.” He references the recent jobs report, which showed Hispanic unemployment rising to 5.1% in September, noting the significance as the Hispanic community comprises a major portion of their customer base. “The fortunate part for us with a Hispanic customer is there ‘s great brand loyalty and they view beer as really a fundamental in what they do with their lifestyle, so that ‘s very helpful. But there ‘s no question that if things are tight or there ‘s concerns, that people get a little bit careful and they tend to buy more value packs,” he explains. Regarding generational shifts in alcohol consumption, Newlands observes, “You are seeing a little bit of change,” though it ‘s more about interchanging between alcoholic and non-alcoholic options rather than decreased drinking overall. He highlights that improved taste quality in non-alcoholic alternatives has driven significant growth in that segment. “Our focus right now is on improving the performance and the operating performance of the business. At the start of the year, I said it ‘s going to take us 9-12 months to get things back in order, and we ‘re 6 months into that program. We ‘re starting to see some good green shoots,” he tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith