THE WEEK AHEAD...
The U.S. nuclear energy industry has had a bad summer. First, construction was halted on two South Carolina reactors after cost estimates almost doubled. Then, developers of another nuclear project in the South said costs had swelled from $14 billion to over $25 billion. It’s fair to ask if the industry has a future.
Fed may hint on rate hike
The Federal Reserve will release an account of its July policymaking meeting Wednesday. The minutes could indicate when officials might hike a key interest rate again, and whether they will start reducing holdings of stimulus assets in September. The Fed acquired those assets during its quantitative easing campaign to boost the economy after the f inancial crisis.
State report on jobs is due
California releases its employment report Friday, and economists will be looking for more signs that the state’s long recovery may be slowing. The previous report, in June, marked the second time this year the state lost jobs month over month — an indicator that California’s job engine may be sputtering. July’s report will help conf irm whether that slowdown is a blip or a trend.
‘Logan Lucky’ vs. ‘Hitman’
Steven Soderbergh, director of “Ocean’s Eleven” and “Magic Mike,” returns Friday from early retirement with the action f lick “Logan Lucky.” Soderbergh f inanced and arranged to release the picture without a studio, retaining control over production and marketing. Soderbergh’s experiment faces Lionsgate’s action-comedy “The Hitman’s Bodyguard.”
Pebble Beach auto event
The world’s top collectors and restorers of vintage, antique and classic cars are headed to the Monterey Peninsula for seven days of car races, auctions and rallies. Millions of dollars in vehicles will change hands before the f inal blue ribbons are given out Sunday at the 67th annual Pebble Beach Concours D’Elegance, held on the famous 18th hole of the golf course.