BC-Money & Markets Digest
Money & Markets modules for Thursday, May 23
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.
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.
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.
Urban Outfitters (URBN)
Pure Storage (PSTG)
Toll Brothers (TOL)
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.”
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.