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BC-APFN-Money & Markets Digest

September 24, 2018

Money & Markets modules for Tuesday, Sept. 25

TODAY

S&P issues its latest snapshot of U.S. home values. Nike reports quarterly results. The Conference Board serves up its monthly index of U.S. consumer confidence.

SPOTLIGHT

Subscription radio company SiriusXM will buy music streaming service Pandora Media for about $3.5 billion in stock, in a deal aimed at expanding Sirius’ service beyond cars and into homes and other mobile areas.

CENTERPIECE

Can Snapchat snap back?

Fewer people have been using Snapchat, raising worries that the photo and video app’s popularity may be as fleeting as the disappearing content sent through its service.

STORY STOCKS

Comcast (CMCSA)

Barrick Gold (ABX)

Sirius XM (SIRI)

Michael Kors (KORS)

General Electric (GE)

Symantec (SYMC)

Concho Resources (CXO)

Weight Watchers (WTW)

FUND FOCUS

American Funds Washington Mutual (AWSHX)

This “Gold”-rated fund boasts a portfolio centered on “dividend-paying industry leaders.” Its tech holdings are at a 20-year high but remains much lower than the overall index, Morningstar says.

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