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Daily Scoop 10-13

Daily Scoop 10-13

👋 Your Wednesday Scoops - JPMorgan's optimism & GM's battery fires

October 13, 2021

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Today's Scoop:Inflated

Big Picture

Food and energy costs are still on the rise.
Inflation spiked back up in September.
Earnings season is here.

The Market

⬆️

+0.3%

S&P 500: 4,363.80

1Mo:

-2%

| 1Yr:

+25%

| 5Yr:

+105%

Markets kicked the losing streak today. Major corporations have started reporting third-quarter performance, and profits are still strong. Inflation spiked up again in September. The Consumer Price Index rose 5.4% over last year, up 0.4% in September, driven by a surge in food and energy costs.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

JPMorgan's

still profitable

Exxon's

battling union workers

Delta Air Lines

is profitable again

Best Buy's

moving into healthcare

General Motors'

expensive battery fires

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Public companies are required to report on their financial health every quarter. We get a look at their sales, expenses, and profits (aka earnings). The end of the quarter when most companies give their reports is called "earnings season," second only to wedding season in excitement.