Investors will have little time to rest this week, with the next Fed policy meeting set to kick off immediately following the election.
Burberry's new CEO Joshua Schulman faces an uphill task to turn around the British luxury brand whose sales have declined sharply while its share price has dropped 40% this year, stoking speculation it could be a takeover target. The luxury sector as a whole has been hit as high interest rates and inflation have increased consumer reluctance to spend, but Burberry has underperformed its peers. Schulman, the company's fourth CEO in 10 years, previously held the top job at Coach and at Michael Kors, and is expected to set out a new strategy for Burberry at half-year results on Nov 14.
Republican Sen. Roger Wicker of Mississippi is trying to extend his 30-year career on Capitol Hill as he faces Democrat Ty Pinkins, a challenger who received little financial support from his own party in a heavily Republican state. Wicker, now 73, was first elected to the U.S. House in a northern Mississippi district in 1994 and was appointed to the Senate in 2007 by then-Gov. Haley Barbour after Republican Trent Lott resigned.