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Daily Scoop 11-22

Daily Scoop 11-22

👋 Your Monday Scoops - Activision's CEO resignation & Nike's metaverse

November 22, 2021

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Today's Scoop:Stumble

Big Picture

Consumers are spending more.
More companies are investing in the metaverse.
Markets can be more volatile during the holidays.

The Market

⬇️

-0.3%

S&P 500: 4,682.94

1Mo:

+3%

| 1Yr:

+31%

| 5Yr:

+112%

Markets fell slightly to kick off the short week. Holiday weeks usually mean fewer traders at their desks and more volatile markets. Retail companies from Home Depot and Lowe's to Macy's and Kohl's reported strong profits and high consumer demand last week, despite rising prices. Investors are trying to figure out whether consumers will start refusing the higher prices before the corporate supply costs come down, eating into profits. President Biden nominated Federal Reserve Chairman Jerome Powell to continue holding his post. It's a welcome sign of policy continuity. Investors don't like surprises or uncertainty.

Company Scoops ❤🌎💰

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

Activisions'

CEO considers resignation over a

ssault allegation

Apple

wants an autonomous car

Sweetgreen

finds love in the public space

CVS

keeps changing the game

Nike's

gearing up for the metaverse

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

🤓 Inside Scoop...

An Initial Public Offering (IPO), aka "going public," refers to the first time a company asks us regular people to invest. Before that, you had to know somebody or have a ton of money to get behind the red rope. They sell shares of their company to the open market in exchange for our cash. Companies can use that cash for all sorts of things, typically to build out their business further. It also makes it easy for any previous investor or early employee to sell their existing shares on the market.