BC-Money & Markets Digest
Money & Markets modules for Wednesday, Aug. 1
The Federal Reserve wraps up a two-day meeting of its rate-setting committee; Tesla and Fitbit report their second-quarter earnings.
Shares of West Chester, Ohio steel maker AK Steel plunged after it said its second-quarter earnings were hurt by a fire at one plant and power outages at another.
Security spending weighs on Facebook, Twitter
Facebook and Twitter faced shareholder wrath after the companies reported slower growth and increased spending to help combat harassment, fake news and fake accounts.
Ralph Lauren (RL)
IPG Photonics (IPGP)
AK Steel (AKS)
Chipotle Mexican Grill (CMG)
BlackRock Emerging Markets (MDDCX)
Fund manager Gordon Fraser has had “a strong start” since taking over in March, 2017, but concern about his approach’s repeatability earn it a “Neutral” rating from Morningstar.
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