• BC-Money & Markets Digest

    Updated:

    Money & Markets modules for Saturday, Aug. 24

    THE WEEK AHEAD

    The Conference Board issues its August snapshot of consumer confidence Tuesday. Tiffany & Co. reports second quarter results Wednesday. The Commerce Department delivers an updated estimate of second quarter economic growth on Thursday.

    SPOTLIGHT

    Intuit, the maker of popular tax preparation software TurboTax, hit an all-time high after beating Wall Street’s fiscal fourth quarter financial forecasts.

    CENTERPIECE

    Buffett’s billions

    Famed investor Warren Buffett is finding few new worthwhile investments, so his cash pile is growing by about $2 billion a month.

    STORY STOCKS

    Salesforce.com (CRM)

    VMware (VMW)

    HP (HPQ)

    Ross Stores (ROST)

    Hasbro (HAS)

    Foot Locker (FL)

    Boeing (BA)

    Intuit (INTU)

    FUND FOCUS

    Sound Shore (SSHFX)

    Despite occasional slumps, Morningstar finds lots to like in this fund, including an “unusual level of experience and stability” in its team.

    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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