Source: New York Times
Here’s what to expect in the week ahead:
Markets
Markets to close as summer winds down
Summer is (unofficially) over.
The United States and Canada observe Labor Day on Monday, and markets in both countries will be closed as traders pack up their linen suits and winterize their beach houses. Starbucks is already selling pumpkin spice lattes in many locations as thoughts turn to autumn.Autos
Auto numbers expected to show depressed annual sales
A year-on-year rise of new-vehicle sales of just over 1 percent is expected as American automakers report numbers for August on Tuesday. The industry is unlikely to celebrate the gain, as it comes against a weak total from 2017, when hurricanes Irma and Harvey depressed sales in southeastern states and in Texas. More telling will be the annualized sales rate, which is expected to come in at 16.8 million vehicles, according to Edmunds.com. That’s a distinct slowing from the more than 17 million…
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