• BC-Money & Markets Digest

    Updated:

    Money & Markets modules for Saturday, July 13

    THE WEEK AHEAD

    JPMorgan Chase reports its second quarter results on Tuesday. The Commerce Department releases monthly data on new home construction on Wednesday. Microsoft reports fourth quarter results on Thursday.

    SPOTLIGHT

    Ford shares rose after it announced it would team up with Volkswagen to share the cost of developing self-driving and electric vehicles.

    CENTERPIECE

    Powell’s big bet

    Federal Reserve Chairman Jerome Powell is making a bet that inflation no longer responds to unemployment the way it has in the past _ and his wager likely means the Fed will keep rates lower for an indefinite period.

    STORY STOCKS

    Illumina (ILMN)

    Milacron (MCRN)

    Boeing (BA)

    US Xpress Enterprises (USX)

    FNMA (FNMA)

    Colgate-Palmolive (CL)

    HP (HPQ)

    Ford Motor (F)

    FUND FOCUS

    Wells Fargo Core Bond (MBFAX)

    This fund's "well-defined process" earns it a "Silver" rating from Morningstar. Its benchmark is the Bloomberg Barclays U.S. Aggregate Bond Index.

    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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