BC-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.
FEDERAL RESERVE-POWELL-LOOKAHEAD — Is the Federal Reserve considering a pullback in its interest rate hikes? On Wednesday, Chairman Jerome Powell may reveal more about his thinking when he speaks to the Economic Club of New York. By Martin Crutsinger. UPCOMING: 750 words, photo at 3 a.m.
IKEA’S TRANSFORMATION — Ikea, the retailer known for big-plan warehouse stores, is going small. It plans to open 30 small stores in major city centers as it adapts to changing consumer habits. Shoppers are increasingly likely to be living in urban areas and not have a car, and often want a nearby location to look at goods in person before ordering them online. By Vanessa Gera. UPCOMING: 750 words, photos by 4 a.m.
STREET SELLERS — On the streets of Los Angeles you see them everywhere, pushcarts and tables with everything for sale from hot dogs to tamales, toys to tools, flashlights to flashlight batteries. All those sales are illegal of course but — after a decade of discussion, debate and compromise — it appears that’s about to change. The City Council is taking up an ordinance Wednesday that if adopted would allow an estimated 50,000 vendors who hawk their wares on the streets of Los Angeles to come out of the shadows. Provided they get permits. By John Rogers. UPCOMING: 600 words, photos after midnight. Will be updated following 10 a.m. City Council meeting.
MARKETS & ECONOMY:
FINANCIAL MARKETS — A report on global markets, starting in Asia and updated through the close of trading on Wall Street.
ECONOMY-GDP — The Commerce Department issues the final estimate of how the U.S. economy performed in the July-September quarter. By Christopher Rugaber. UPCOMING: 130 words after release of report at 8:30 a.m. 400 words by 9:15 a.m.
NEW HOME SALES — The Commerce Department reports on sales of new homes in October. By Josh Boak. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10:45 a.m.