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Daily Scoop 11-30

Daily Scoop 11-30

👋 Your Tuesday Scoops - War of Peloton vs. Lululemon, Robinhood gets skunked

November 30, 2021

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Today's Scoop:Uncertainty

Big Picture

Policymakers might be getting worried about inflation.
The new coronavirus is milder but might need new vaccines.
Money printing stimulus might come to an end sooner than expected.

The Market

⬇️

-1.9%

S&P 500: 4,567.00

1Mo:

-1%

| 1Yr:

+25%

| 5Yr:

+108%

Markets tumbled today as investors worried about what's ahead. The Federal Reserve Chairman, aka head of the money system, hinted at concerns about inflation for the first time. He's been assuring everyone the price increases would be temporary, so it's a notable shift in tone. The Fed is considering potentially phasing out its stimulus measures more quickly than it projected last month. Moderna's CEO warned that vaccines would likely have lower efficacy against omicron, but so far, scientists have said the omicron variant is milder. President Biden yesterday said there wouldn't be new lockdowns or travel restrictions.

Company Scoops ❤🌎💰

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

Lululemon's

suing Peloton for stealing its yoga pants

Robinhood's

been shunned by investors

Volkswagen

is taking it to Tesla

Hertz

is back & flush with cash

Shell's

making big wind moves

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

🤓 Inside Scoop...

When companies have extra cash, they typically reward shareholders for their support in two main ways. First, they can distribute cash directly out to investors, literally giving them a share of the profits by paying them a dividend. Companies will declare that every investor gets $X for each share they own. Second, companies can buy back their own shares from public investors. "Buybacks" allow companies to reduce the number of outstanding shares in the market, making each remaining share more valuable. They're slicing their company ownership into fewer pieces, making each shareholder own more of the company.