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Daily Scoop 10-7

Daily Scoop 10-7

👋 Your Thursday Scoops - Strike on Frosted Flakes & Moderna in Africa

October 07, 2021

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Today's Scoop:Collaboration

Big Picture

Fewer people were laid off last week.
Congress agreed not to let the US default on its debt.
Workers are protesting for better pay & benefits across industries.

The Market

⬆️

+0.8%

S&P 500: 4,399.76

1Mo:

-3%

| 1Yr:

+28%

| 5Yr:

+106%

Markets got a boost of good energy today. Congress decided it did not want the US economy to default on its debt, agreeing to extend the debt limit into December. The Treasury will be able to issue more bonds to pay for directed spending. Layoffs also hit their 2nd-lowest level of the recovery last week, with the Labor Department reporting a surprisingly low 326,000 initial jobless claims.

Company Scoops ❤🌎💰

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

Kellogg

employees strike nationwide

Moderna's

investing in Africa

Tesla's

failing solar business

Levi's

strong sales

Twitter's

new billion

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

🤓 Inside Scoop...

Every week, the Department of Labor releases a report on "initial jobless claims." It tracks the number of people who filed to receive government unemployment support for the first time. Economists use that as an indicator of how many people are getting laid off each week.