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BC-Money & Markets Digest

September 6, 2018

Money & Markets modules for Friday, Sept. 7

TODAY

The Labor Department issues its monthly tally of hiring by nonfarm employers. The Federal Reserve serves up its latest snapshot of consumer borrowing. Shoe retailer Genesco reports quarterly results.

SPOTLIGHT

British luxury fashion brand Burberry said that it will stop using real fur in its products and also stop destroying products that it cannot sell.

CENTERPIECE

Long-term bet on aging octogenarians

Real estate developers gearing up for a boom in demand for senior housing and care facilities have built a glut of properties, which has dampened occupancy levels for health care real estate investment trusts, or REITs.

STORY STOCKS

Pebblebrook Hotel (PEB)

AeroVironment (AVAV)

G-III Apparel (GIII)

Lands’ End (LE)

Alphabet (GOOGL)

CVS Health (CVS)

CBS (CBS)

Lockheed Martin (LMT)

FUND FOCUS

American Century Equity Growth (BEQGX)

Morningstar rates this fund “Neutral,” citing personnel turnover and “an uncompelling process.” It’s failed to beat its S&P500 benchmark since 2010.

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