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BC-Money & Markets Digest

May 22, 2019

Money & Markets modules for Thursday, May 23

TODAY

Best Buy reports its quarterly results. The Labor Department reports its weekly tally of jobless benefit claims. The Commerce Department releases data on new home sales in April.

SPOTLIGHT

Qualcomm posted its sharpest single-day drop in more than two years after a federal judge ordered the chipmaker to reboot the way it operates when negotiating licensing and supply deals.

CENTERPIECE

Facebook’s privacy concerns

Facebook’s repeated privacy scandals could cost it a record fine from regulators, but it may also face restrictions on how it tracks users or even see CEO Mark Zuckerberg held personally responsible.

STORY STOCKS

Target (TGT)

Lowe’s (LOW)

Nordstrom (JWN)

Urban Outfitters (URBN)

Pure Storage (PSTG)

Toll Brothers (TOL)

Qualcomm (QCOM)

Avon (AVP)

FUND FOCUS

Prudential Global Total Return (GTRAX)

A manager’s retirement doesn’t diminish Morningstar’s view of this fund’s “methodical approach, a strong risk framework, and impressive resources.”

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