Morning Business Report: Wall Street watches major earnings as StubHub shares fall

It’s shaping up to be a busy week on Wall Street, with several major retailers preparing to report earnings and investors awaiting new clues about interest rates

 (LILAMAX)- Walmart, Home Depot and Lowes are among the companies reporting earnings this week. On Wednesday, minutes from the Federal Reserve’s latest meeting are expected to be released, potentially providing more insight into the central bank’s thinking on interest rates.

Meanwhile, StubHub shares dropped more than 10% after the ticket reseller reported that problems surrounding the World Cup helped wipe out its quarterly profit.

Some fans complained that tickets purchased months in advance were rejected when they arrived at stadiums because of invalid entry passes. StubHub’s CEO said some of the problems involved FIFA’s mobile ticketing system.

A new Talker Research survey conducted for Beyond Finance found many parents are feeling financial pressure as their children return to school.

Seven in 10 parents surveyed said they feel pressured to purchase the same clothing, technology and school supplies as other families, even when they cannot afford them, because they fear their children could feel left out.

The survey also found some parents are taking on debt to cover back-to-school expenses.

For families who missed out on a traditional summer vacation, staying closer to home is becoming another option.

Business Insider reports some travelers are skipping flights and lengthy road trips and instead renting vacation homes near where they live.

Rather than filling those trips with packed itineraries and bucket-list activities, some vacationers are focusing on simple ways to relax.

One Connecticut family described spending its getaway cooking burgers, fishing, taking naps, reading books and gathering around a fire for ice cream.

The trend reflects a growing interest in vacations centered on rest and simple experiences rather than elaborate travel plans.