|
The whirlwind of important financial news continues today with quarterly earnings reports from several companies. The recent announcement of a U.S.-EU trade agreement also holds significance for many Delaware companies.
In a CNBC article published yesterday, trade data compiled and analyzed by the OEC shows that “IKEA is the top U.S. company importing from the EU at 28%. Southern Glazer’s Wine and Spirits was next at 9%, followed by Continental Tire at 4%, Bosch at 4%, Dole Food Company at 3%, and Diageo at 2.3%.”
On Wednesday afternoon, we will get word from the Federal Reserve Bank about interest rates, while companies like Meta, Microsoft, Apple, Visa, Merck, AstraZeneca, Incyte, UPS, and others will release earnings throughout the week. A lot is happening this week, and the data will lend itself to forecasting for the remainder of the year.
Locally, the Delaware Prosperity Partnership, our statewide economic development office, will meet in August. The commercial projects they have “in the pipeline” will be another indicator for how our local economy is fairing. To hear more about development plans across the state, join us at our Developing Delaware conference on October 9. We'll hear from state and local leaders, as well as Ron Starner of Conway Data, Inc., the publisher of Site Selection magazine.
| 
