Walmart Earnings, Warsh Swearing In: What to Watch for Rest of the Week
Wall Street Journal
Last updated: May 21, 2026
This week's tech news is dominated by SpaceX's IPO filing and updates from Nvidia, Anthropic, and OpenAI. The focus is shifting towards the American consumer with upcoming Walmart earnings and the swearing-in of Kevin Warsh as the new Federal Reserve chair.
- Key Economic Data: Important economic indicators to be released include jobless claims, Purchasing Managers' Index (PMI) data for services and manufacturing sectors, and new building permits for April from the Census Bureau.
- Manufacturing and Energy: The Philadelphia Fed will publish its manufacturing survey for May, providing insights into the sector's health. Additionally, the Energy Information Administration (EIA) will share its weekly natural gas storage report.
- Federal Reserve Focus: A significant event for the week is the swearing-in of Kevin Warsh as the new Federal Reserve chair, which will likely influence economic policy and market sentiment.
- Consumer Outlook: Walmart's earnings report is anticipated, offering crucial insights into the spending habits and confidence of the American consumer.
