BC-APFN-Money & Markets Digest
Money & Markets modules for Saturday, Sept. 22
THE WEEK AHEAD
Nike reports quarterly results Tuesday. Federal Reserve officials deliver an update on the economy and interest rate policy Wednesday. The Commerce Department serves up its final reading on second-quarter economic growth Thursday.
Micron Technology shares fell after making a disappointing first-quarter forecast and warning that new U.S. tariffs on China would squeeze its profitability.
As economy grows, deficit does too
A growing economy typically shrinks the government’s annual budget deficit, but not this time. The U.S. budget is on track to top $1 trillion next year. Now, economists fear that budget gap could push interest rates higher and boost inflation.
Texas Instruments (TXN)
United Natural Foods (UNFI)
Micron Technology (MU)
Adobe Systems (ADBE)
Mazor Robotics (MZOR)
BHP Billiton (BHP)
Parnassus Core Equity (PRBLX)
This fund is a “good bet,” Morningstar says. Its “compact” portfolio favors companies with strong environmental and social policies.
For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). For technical support: contact Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. The Money &Markets digest can also be found at www.markets.ap.org.