• BC-Money & Markets Digest

    Updated:

    Money & Markets modules for Saturday, September 21

    THE WEEK AHEAD

    The Commerce Department serves up its August snapshot of new U.S. home sales Wednesday and its latest monthly tally of consumer spending Friday. Connected exercise machine company Peloton makes its stock market debut Thursday.

    SPOTLIGHT

    Scholastic Corp. shares jumped after the company reported a narrower-than-expected loss during a typically weak quarter for the publisher and education company.

    CENTERPIECE

    WeWork wavering

    Once-skyrocketing startup WeWork is suddenly losing momentum as investors cast doubt on its office rental business just before its planned debut on the public markets.

    STORY STOCKS

    McDermott International (MDR)

    Xilinx (XLNX)

    KeyCorp (KEY)

    Scholastic (SCHL)

    Steelcase (SCS)

    J.C. Penney (JCP)

    Regeneron Pharmaceuticals (REGN)

    The Royal Bank of Scotland (RBS)

    FUND FOCUS

    Vanguard GNMA (VFIIX)

    The recently announced retirement plans of longtime portfolio manager Michael Garrett don’t alter Morningstar’s high regard for this “Gold”-rated fund.

    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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