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Daily Scoop 11-10

Daily Scoop 11-10

👋 Your Wednesday Scoops - Pepsi teams with Tesla & Meta gets bullied

November 10, 2021

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Today's Scoop:Jitters

Big Picture

Consumer prices are rising faster than they have in decades.
Cryptocurrency prices have continued breaking new records.
Fewer people got laid off last week.

The Market

⬇️

-0.8%

S&P 500: 4,646.71

1Mo:

+7%

| 1Yr:

+30%

| 5Yr:

+115%

Markets declined again today after the release of October's inflation data. The Consumer Price Index jumped 0.9% last month, higher than expected, marking a 6.2% year-over-year rise. That's the highest one-year rise of consumer goods prices in over 30 years. High inflation makes investors worry that the Federal Reserve will need to shut off the stimulus faster. So far, the Fed isn't worried. Initial unemployment claims kept declining last week, showing an improving labor market. Bitcoin and other cryptocurrencies are on a big run.

Company Scoops ❤🌎💰

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

Coinbase's

rocky road

Meta's

bullying & harassment

Palantir's

looking to change

Shell's

cutting the gas

Pepsi's

teaming up with Tesla

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

🤓 Inside Scoop...

Green hydrogen, or otherwise called renewable hydrogen, is an alternative to traditional fossil fuels for energy production. Hydrogen energy producers use electricity from a renewable source to separate water molecules into oxygen and hydrogen. Then, the system can convert hydrogen into electricity or fuel. Green hydrogen is a promising alternative fuel source because it eliminates emissions by using renewable electricity to create more renewable energy. It could replace up to 10 million metric tons of industrial hydrogen produced from natural gas every year in the US.