Let's take a look at our segment next week on
the street where we take a look at the events
. Sure to move markets in the week ahead.
Former President, Trump is expected to be arraigned in
Federal Court in Miami on Tuesday. It's going to
come after he was indicted on federal charges in relation
to his handling of classified information. While out of
office, the federal indictment against Trump and his associate
was unsealed today alleging that the pair engaged in a
conspiracy to conceal classified documents that Trump had taken from
the White House from a federal grand jury. Trump
is now the first former president to face federal criminal
charges. Maximum sentencing for such charges does range from
5 to 20 years and this will be a big
one. The US Federal Reserve will set its target
for short term interest rates on June 14 could be
the first time in 18 months that the fed actually
pauses and decides not to raise rates. While there
are indications the fed could raise the rate of again
with a new CPI report or inflation report coming out
on the first day of the meeting. That's on
Tuesday. So of course, we'll follow any updates
. But the FED has been aggressively raising rates the
past year and a half in an effort to bring
down inflation, which does still remain above the fed's
2% target earning season continues. It's always earning season
. I think that's just kind of the name of
the game, not the busiest time for earnings but
still busy. Take a look at companies that will
report Oracle Aurora, cannabis, Adobe Kroger and Lear
all on top. Oracle is scheduled to release its
fourth quarter results after the market closes on Monday.
And analysts expect the computer software company will likely show
that its quarter was positively impacted by a recent increase
in a spending and its partnership with the chip maker
NVIDIA announced in March. While the partnership allows companies
to utilize Nvidia's supercomputers and AI design capabilities through Oracle's
cloud business.