Hello friends and Coins2Day readers.
If you love shopping and fashion, this week has plenty of news for you. A slew of retail companies will report earnings and two big fashion shows in Milan and Paris will. If that isn’t enough, the Supreme Court will hear arguments about a case involving Obamacare.
Here’s what you need to know for the week ahead.
1. Retail earnings abound
Abercrombie & Fitch (ANF), which saw its embattled CEO Michael Jeffries retire at the end of 2014, will report its earnings Wednesday morning. For better or worse, this retailer is never dull. Your pets also have some earnings to look forward to Wednesday with PetSmart reporting (PETM). Foot Locker (FL) and Staples (SPLS) report Friday morning.
2. Speaking of retail
There are sure to be headlines coming out of the twin Fashion Weeks taking place in the fashion capitals of Milan and Paris. Earlier this month, New York City held a Fashion Week that was said to have generated a huge amount of money for the city. The report, U.S. Rep. Carolyn B. Maloney, D-N.Y., the event generates more revenue for the city ($900 million) than the Super Bowl generated for New Jersey last year ($550 million).
3. February jobs report
Another month, another jobs report. This next one could show continued growth after a strong January report. Employers added 257,000 jobs in January. That signaled the 52nd straight month of employment gains. For more, check out Coins2Day’swrite-up at the time.
4. A confluence of conferences
It’s a huge week for conferences. For starters, the Game Developers Conference, a must-attend event for anyone in the video game industry, kicks off in San Francisco on Monday. Simon Carless, the executive vice president for the conference, told an ABC affiliate that virtual reality and the rise of indie game makers are two trends to pay attention to at the conference. Other events taking place include the Morgan Stanley’s Technology, Media and Telecom Conference (for more, check here) and the Mobile World Congress for mobile devices, which starts Monday in Barcelona.
5. Obamacare case goes to SCOTUS
On Wednesday, the Supreme Court will hear King v. Burwell, which has the potential to shutter Obamacare subsidies in 34 states that use Healthcare.gov, according to Politico. A ruling against the subsidies would go a long way to dismantling President Obama’s Affordable Care Act. There are 11.4 million people who are currently signed up for health insurance through the health care law.