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Daily Scoop 12-16

Daily Scoop 12-16

👋 Your Thursday Scoops - Reddit going public & the electric vehicle war

December 16, 2021

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Today's Scoop:Stumble

Big Picture

Weekly layoffs have stayed low.
Home construction is picking up significantly.
Policymakers are confident in the economy & rolling back emergency stimulus.

The Market

⬇️

-0.9%

S&P 500: 4,668.67

1Mo:

-1%

| 1Yr:

+25%

| 5Yr:

+106%

Markets retreated from yesterday's significant gains for no major reason. Investors are trying to figure out how the Federal Reserve's new plan will affect the economy and different industries. The Federal Reserve, aka the Central Bank, announced yesterday that they would remove the emergency stimulus measures more quickly. They see strong growth in 2022 but worry that inflation might continue longer than initially expected. Initial unemployment claims stayed low last week, around 200,000. According to the Census Bureau, the number of new housing project starts in November jumped 12% from October. Building companies are still struggling with supplies and labor shortages, though.

Company Scoops ❤🌎💰

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

files for IPO

Ford's

running out of batteries

General Motors

is building more batteries

Toyota's

going all-in on electric

Netflix

readies for battle in India

(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.