BC-Money & Markets Digest
Money & Markets modules for Wednesday, Jan. 16
The Federal Reserve issues its snapshot of business conditions at its 12 regional bank districts. The National Association of Home Builders serves up its monthly index of builder confidence. Railroad operator CSX reports quarterly results.
Netflix shares leapt to a three-month high after the producer of “Bird Box” said it’s hiking U.S. subscription prices for the fourth time, and the second time since late 2017.
America the indebted
Americans slowed their pace of borrowing slightly in November, but it still grew a robust $22.1 billion, which follows a $25 billion gain in October, the biggest increase in 11 months.
JPMorgan Chase (JPM)
Wells Fargo (WFC)
CVS Health (CVS)
Edwards Lifesciences (EW)
First Republic Bank (FRC)
Putnam Growth Opportunities (POGAX)
This fund modestly outperformed in 2018’s fourth-quarter slump. It’s a “striking contrast with the fund’s history,” Morningstar says, but not enough to change its “Neutral” rating.
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