Wages are going up. Here's what that means for the economy [CNN]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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US:NYSE Investor Relations:
investor.darden.com/investors/investor-relations/default.aspx
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Source: CNN
London (CNN Business) What's happening: Employers are expected to have created 700,000 positions , pushing the unemployment rate down to 5.7%. That would be a strong reading, even though the United States will still be down 6.9 million jobs compared with February 2020. But another piece of data could prove even more important: the rise in average hourly earnings. Most investors agree that the biggest risk to markets right now is inflation, which could force central banks including the Federal Reserve to begin withdrawing crisis-era support for the economy that's helped lift assets like stocks. For now, the consensus among policymakers is higher inflation readings will prove transitory, and that prices will fall once the recovery stabilizes and supply chain snarls ease. They point to relatively muted increases in wages to date as a key reason not to get too concerned. But wait: Businesses in industries like hospitality and transportation are still struggling to hire workers
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DRI
News
- Red Lobster seeks a buyer as it looks to avoid bankruptcy filing [CNBC]CNBC
- Darden Restaurants: An Appetizing Dividend Growth Stock [Seeking Alpha]Seeking Alpha
- Darden Restaurants, Inc. (NYSE: DRI) had its "buy" rating re-affirmed by analysts at TD Cowen. They now have a $190.00 price target on the stock.MarketBeat
- Red Lobster May Soon File for Chapter 11 Bankruptcy, Here's Why [Yahoo! Finance]Yahoo! Finance
- Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shrimp Deal: Report [Yahoo! Finance]Yahoo! Finance
DRI
Earnings
- 3/21/24 - Miss
DRI
Sec Filings
- 4/9/24 - Form 4
- 4/8/24 - Form 144
- 4/3/24 - Form 8-K
- DRI's page on the SEC website