The Week Ahead: May 16

Everything you need to know to face the week ahead

Consumer spotlight

Despite the fact that costs have risen, are you still shopping? This week, we'll find out. Walmart, Home Depot, Target, and T. J. Maxx will release quarterly earnings data on Tuesday, while government monthly retail sales figures will be released on Tuesday. This month's consumer mood was at an 11-year low.

Ukraine aid

On Wednesday, Senate Republican Leader Mitch McConnell said that the United States would pass a $40 billion aid package for Ukraine that day. “I believe one of the lessons we learned during World War II is not standing up to aggression early is a huge mistake,” he added.

Everything else:

  • The Cannes Film Festival begins this week in the south of France.
  • On Thursday, golf’s PGA Championship commences (Phil Mickelson will not be playing).
  • Remind your boss: Friday is National Pizza Party Day.
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