October 21, 2016
Pacific Investment Management Co. has been recommending Treasury Inflation Protected Securities all year, and the call is paying off. TIPS have returned 7.4 percent in 2016, versus 4.5 percent for nominal Treasuries, Bank of America Corp. data show.
General Electric Co. may not grow this year as low oil prices, a strong dollar and a sluggish economy crimp demand for oilfield equipment and locomotive parts. The stock fell the most in more than a month after GE cut its outlook for organic sales growth.
Chinese smelters are driving record production of aluminum, even as those in the U.S. and Europe curb supply. The International Aluminium Institute estimates the Asian country helped boost global average daily output to 164,600 metric tons in September.
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