Investors will be watching Fed Chair Janet Yellen’s speech this morning at the annual gathering of central bankers in Jackson Hole, Wyoming. They’ll be paying close attention to Yellen’s remarks about the labor market and interest rates, as well as statements from other Fed presidents at the event. European Central Bank president Mario Draghi will also take the podium.
Home Depot (HD) announced the its head of U.S. operations, Craig Menear, will take the reigns as Home Depot's new CEO on November 1st of this year. Menear has been with Home Depot since 1997 and the company said Menear's appointment was part of planned succession. Frank Blake, who has been Home Depot's chairman and CEO since 2007, will remain chairman.
Keurig’s (GMCR) new coffee brewer, Keurig 2.0, will go on sale on Sunday. A major change to the company’s first new version of its coffee brewer is that it can brew more than one cup of coffee.
AAA reports that more Americans will travel this Labor Day weekend than have since 2008. AAA says 34.7 million Americans will travel 50 miles or more from home next weekend. Ninety percent are expected to travel by car. Air travelers will make up 8% of all travelers this year, up 1% from last year.
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