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BC-Money & Markets Digest

December 18, 2018

Money & Markets modules for Wednesday, Dec. 19

TODAY

The Federal Reserve is expected to announce another rate hike following a two-day meeting of its policy setting committee. The National Association of Realtors reports data on home sales in November. Winnebago Industries reports its first-quarter results.

SPOTLIGHT

Darden Restaurants shares jumped Tuesday after the owner of the Olive Garden chain raised its forecast for earnings and sales in the fiscal year ending in May.

CENTERPIECE

Bitcoin’s bubble bursts

A year after hitting a record high, the virtual currency’s price has collapsed, intensifying fears of a wider “crypto winter.”

STORY STOCKS

Boeing (BA)

Darden Restaurants (DRI)

Hess (HES)

Navistar (NAV)

Sprint (S)

Rent-A-Center (RCII)

Lennar (LEN)

Honeywell (HON)

FUND FOCUS

Vanguard Mid Cap Growth (VMGRX)

The fund’s subadvisors “hasn’t been together long, but their experience and the fund’s low costs should keep it competitive,” Morningstar says.

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.

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