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Daily Scoop 10-14

Daily Scoop 10-14

👋 Your Thursday Scoops - Coinbase NFT's & iPhone shortages

October 14, 2021

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Today's Scoop:Optimism

Big Picture

Layoffs are at their lowest level since the pandemic.
Inflation is cooling for suppliers, but not yet for consumers.
Banks are making a lot of money.

The Market

⬆️

+1.7%

S&P 500: 4,438.26

1Mo:

-1%

| 1Yr:

+27%

| 5Yr:

+108%

Markets jumped today, continuing the positive momentum. Investors are happy to see signs of economic improvement. Weekly layoffs hit their lowest level of the recovery, with the Labor Dept reporting only 293,000 initial unemployment claims. The first corporate earnings reports of the third quarter have been strong. Consumer price inflation spiked in September, but Producer Price inflation cooled slightly. It may indicate some easing of the supply chain disruptions that are pressuring prices higher.

Company Scoops ❤🌎💰

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

Coinbase

is getting into NFTs

Apple's

cutting back iPhone production

Bank of America

had a strong quarter

Walgreens

saw a big vaccine boost

Morgan Stanley

reported record numbers

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

🤓 Inside Scoop...

NFTs are non-fungible tokens. These tokens can be used to represent ownership of digital assets. Essentially, we now have the technology to create uniqueness on the internet. Individuals can purchase and verify sole ownership of digital art, photos, videos, or audio files. In contrast, before, any song or image could be replicated and distributed endlessly without understanding the source.