• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Features5 things

Retail outlook and China’s economy—5 things to watch for this week

By
Laura Lorenzetti
Laura Lorenzetti
Down Arrow Button Icon
By
Laura Lorenzetti
Laura Lorenzetti
Down Arrow Button Icon
November 9, 2014, 5:00 AM ET
Virgin Atlantic Begins Dreamliner Service To Atlanta's Hartsfield Jackson Airport
Richard Branson, chairman and founder of Virgin Group Ltd., center, gestures while exiting a Boeing Co. 787 Dreamliner with Virgin Atlantic Airways Ltd. flight attendants Charlotte Holland, left, and Danielle Fletcher, right, during a news conference at Hartsfield-Jackson Atlanta International (ATL) airport in Atlanta, Georgia, U.S., on Friday, Oct. 24, 2014. Chief Executive Officer Craig Kreeger, seeking to return Virgin Atlantic to profit while reviving its reputation for doing things differently, said he's convinced the $5 billion Dreamliner fleet will establish new service standards in the world's busiest market for premium travel. Photographer: Michael A. Schwarz/Bloomberg via Getty ImagesPhotograph by Michael A. Schwarz — Bloomberg/Getty Images
Add Fortune on Google for similar content.

Hello friends and Fortune readers.

Twenty-five years ago today, the Berlin Wall came down, finally uniting the divided city for the first time since 1961. When the Wall fell at midnight on Nov. 9, it lost both its symbolic and physical power. Time magazine, in its cover story that week, called it “a combination of the fall of the Bastille and a New Year’s Eve blowout.” The story goes on to recount the emotions and spirit of that day:

West Berliners pulled East Berliners to the top of the barrier along which in years past many an East German had been shot while trying to escape; at times the Wall almost disappeared beneath waves of humanity. They tooted trumpets and danced on the top. They brought out hammers and chisels and whacked away at the hated symbol of imprisonment, knocking loose chunks of concrete and waving them triumphantly before television cameras.

Here’s what else you need to know to start your week.

1. A week of retail updates.

Earnings season continues as a host of major retailers report quarterly earnings ahead of the important holiday shopping season.

J.C. Penney (JCP) and Macy’s (M) lead on Wednesday, followed by Wal-Mart (WMT) and Nordstrom (JWN) on Thursday. Nordstrom is expected to have the biggest year-over-year revenue gain, with earnings-per-share of 72 cents on sales of $3.1 billion. Wal-Mart, which has had six-straight quarters without a boost in same-store sales in the U.S., is expected to post earnings-per-share of $1.13 on sales of $118.5 billion.

The week wraps up with October’s U.S. retail sales, which are supposed to be up 0.2%.

2. U.S. Senate convenes to discuss Ebola.

A U.S. Senate hearing kicks off Wednesday afternoon. Senator Barbara Mikulski, chairwoman of the Senate Appropriations Committee, will field questions on the nation’s response to the worst Ebola outbreak in history. Over 13,000 people have been infected, and more than 4,800 have died worldwide.

President Obama is seeking $6 billion from Congress to help fight Ebola in West Africa and to protect Americans from its spread in the states. Scheduled witnesses include Thomas Frieden, director for the Centers for Disease Control and Prevention, and Jeh Johnson, the Secretary of Homeland Security.

3. The ongoing U.S. labor market recovery.

Following a strong jobs report on Friday, economists and policy makers alike will be watching Thursday’s Job Openings and Labor Turnover Survey, or JOLTS. The survey looks at the number of unfilled jobs in the U.S., an important measure of the unmet demand for workers. When matched with the unemployment rate, which measures the excess supply of labor, it provides a 360-degree view of the current labor market. Economists are expecting 4.78 million job openings in September, down 6% from the month prior.

4. How is China doing?

This week is a big one for the Asian economic powerhouse. President Obama and Secretary of State John Kerry arrive in Beijing on Monday to attend the APEC summit and meet with Chinese President Xi Jinping. The three-day summit officially kicks off Sunday, and other international leaders, such as Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe, will be in attendance.

While the summit is in session, China will release its October inflation measure Monday. It is expected to be unchanged, indicating that the central bank’s monetary easing has yet to filter through to prices in the broader economy. The nation’s inflation rate in September was the slowest since January 2010, adding to worries that demand in the world’s second-largest economy continues to be muted.

5. Virgin America is flying into the public markets.

Virgin America, the airline owned by billionaire Richard Branson, will go public for the first time on Friday. The seven-year-old airline will raise as much as $320 million in its initial public offering, which would value to company at nearly $1 billion. Shares will trade on the Nasdaq Stock Market under the symbol “VA.” The debut comes just weeks after the fatal crash of a Virgin Galactic aircraft. Virgin Galactic and Virgin American are both owned by the same parent company, Branson’s Virgin Group.

About the Author
By Laura Lorenzetti
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Features

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Features

Photo of young woman with a photo of a pizza
SuccessThe Interview Playbook
Gen Z grad landed an internship by wearing her university baseball cap to her pizza joint job. Now she works at Cisco
By Orianna Rosa RoyleJune 14, 2026
17 days ago
Anduril CEO Brian Schimpf
MagazineDefense
Inside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup
By Allie GarfinkleMay 6, 2026
2 months ago
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
MagazineData centers
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
2 months ago
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
MagazineAmerican Express
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
By Shawn TullyMay 6, 2026
2 months ago
Photo of Marc Benioff
Magazinecommunication
Salesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
2 months ago
Intel Chief Exec, Lip-Bu Tan, on stage
EuropeIntel
Intel’s share price just blew the doors off. One man thinks he knows the reason why
By Kamal AhmedApril 27, 2026
2 months ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
6 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
4 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
AI
'Humanity has chosen to become idiots': This Brown professor switched to take-home exams after a mass shooting and discovered mass cheating
By Catherina GioinoJune 29, 2026
1 day ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
21 hours ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.