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BC-Money & Markets Digest

August 9, 2018

Money & Markets modules for Friday, Aug. 10

TODAY

Nordic American Offshore, Meredith Corp. and Ruth’s Hospitality Group all report their latest quarterly earnings today.

SPOTLIGHT

Rite Aid has scrapped plans for a merger with grocery chain Albertsons after the deal to create a leader in food and health attracted opposition from a major shareholder.

CENTERPIECE

Where did restaurant customers go?

McDonald’s, Starbucks, Chipotle and Dunkin’ Donuts all reported higher sales at locations open at least a year. But that was because they raised prices and promoted more expensive items or sides, not because they attracted more diners.

STORY STOCKS

Rite Aid (RAD)

Yelp (YELP)

Roku (ROKU)

Dun & Bradstreet (DNB)

Booking (BKNG)

Sinclair Broadcast (SBGI)

Perrigo (PRGO)

Party City (PRTY)

FUND FOCUS

Matthews Pacific Tiger (MAPTX)

This fund’s gains over the past year have been “so-so,” Morningstar says, but it has solid long-term returns as well as low fees, giving it an edge.

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