Economic Calendar for the Week of November 24, 2024
Welcome to Cautious Optimism, a newsletter on tech, business, and power.
For those who celebrate, we’re heading into Thanksgiving. It will be my first official holiday with my son Louie. I have a feeling this group of readers likes to work a lot, and I am not big on suggesting to other people how to live their lives; however, if you can take a break, I encourage you to do so.
This upcoming week will be light on earnings, IPOs, and the like — though not completely devoid of it them.
Self-driving software company Pony.ai (CO coverage here) is expected to go public next Tuesday.
Also on Monday and Tuesday, we’ll get a slice of each market that makes up tech: communications (Zoom), security (Crowdstrike), enterprise (Dell, HP), software (Autodesk), and consumer vibes (Best Buy).
Just in case you do run out of articles to read on Turkey day, I recommend you catch up on our stories from last week, including: pontification on Google’s anti-trust future, how founder mode means caring about the craft of software, whether VCs are optimizing for 2% or 20%, Service Titan filing to go public, and the softening of regulations governing self-driving.
Alright, let’s dive in!
— Holden
Monday
Earning: Zoom, Agora, Sharplink
Look good, feel good, smell good: Bath and Body Works
U.S. economic events: Dallas Fed Manufacturing Index
Global economic events: Business Confidence (Turkey), Foreign Direct Investment (Brazil)
Tuesday
Earnings: Workday, Dell, Crowdstrike, HP, Autodesk, Best Buy, PagerDuty
Patagonia, Nike, and Under Armour, and [insert clothing brand here], oh my! Dick’s Sporting Goods, Macy’s, Nordstrom, Urban Outfitters, Guess, Kohl’s,
IPOs: Pony.ai, Youxin Technology
U.S. economic events: Consumer Confidence, New Home Sales, S&P Case-Shiller Home Price Index, Building Permits
Global economic events: McCaul Speech on Inflation (European Union), Construction Work Done (Australia), Business Confidence (South Korea)
Wednesday
🤖 Earnings: Arbe Robotics, Better Online Solutions
U.S. economic events: Initial Jobless Claims, Chicago Business Barometer, Personal Income and Spending, Pending Home Sales, Personal Consumption Expenditures (PCE) data, Q3 GDP
Global economic events (Russia): Unemployment Rate, Business Confidence, Industrial Production YoY, Retail Sales YoY, Corporate Profits, Real Wage Growth (YoY)
Thursday
🌱 Earnings. Universal Corporation (tobacco farming)
U.S. economic events: 🦗
Global economic events: Housing Starts YoY (Japan), Unemployment Rate (Japan), Bank Lending (Singapore)
European Union: Economic Sentiment, Consumer Confidence, Consumer Inflation Expectations, Industrial Sentiment
Holidays: Thanksgiving 🦃
Friday
⚓️ Earnings: Nordic American Tankers
U.S. economic events: 🦗
Global economic events: Private Sector Credit YoY (South Africa), GDP Growth Rate (Turkey), GDP Growth Rate (France), Foreign Exchange Reserves (India), Unemployment Rate (Brazil), Fiscal Balance (Mexico)
Holidays: Black Friday 🤑