BC-APFN-Money & Markets Digest
Money & Markets modules for Tuesday, Oct. 9
The president of the Federal Reserve Bank of Philadelphia delivers a speech on education and the economy, AZZ delivers its latest quarterly earnings, and the National Federation of Independent Business releases its monthly survey of small businesses.
Shares in Arconic climbed after Reuters reported that several private equity companies are joining forces to buy the aluminum products maker.
The outlook for insurers
Wall Street expects big earnings growth from the nation’s largest health insurers this year, but the early read on 2019 isn’t as shiny.
Eni SpA (E)
Telefonica Brazil (VIV)
Southwestern Energy (SWN)
Cadence Designs Systems (CDNS)
Global Payments (GPN)
Newmont Mining (NEM)
Royce Total Return (RYTRX)
This fund’s veteran managers and broad small-cap exposure don’t outweigh concerns about execution, high fees and “mediocre performance,” Morningstar says.
For questions about Money & Markets modules, please contact Seth Sutel (212-621-1618). 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.