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Daily Scoop 12-23

Daily Scoop 12-23

👋 Your Thursday Scoops - Walmart's illegal waste & TikTok beats Google

December 23, 2021

Today's Scoop:Festive

From all of us here at Share Scoops, we want to thank you for being a part of this community. We'll be taking the next week off from our Daily Scoops and Explained emails to give the team some time to recharge. We hope you get the chance to do the same! Feel free to reach out if you need us. 😁

Big Picture

Layoff rates are low.
Inflation is high.
American incomes are rising.

The Market

⬆️

+0.6%

S&P 500: 4,725.79

1Mo:

+1%

| 1Yr:

+28%

| 5Yr:

+111%

Markets continued the positive momentum today to

new record highs

, with investors growing l

ess concerned about the severity of omicron

. The Labor Dept reported initial unemployment claims hovering around pre-pandemic levels. The Bureau of Economic Analysis reported

personal income levels growing

0.4% in November, but

inflation is still high.

The personal consumption price index has risen 5.7% over the past year.

Company Scoops ❤🌎💰

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

Walmart

sued for illegal dumping

TikTok

beats Google for internet leader

Harley-Davidson

spins an electric SPAC

Delta

makes a plea for new covid policy

Pfizer's

covid pill gets the green light

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

🤓 Inside Scoop...

SPACs are Special Purpose Acquisition Companies. They're sometimes called "blank check" or "shell companies" because they aren't businesses on their own. Big investors create the SPAC, then sell shares on the public market like any public stock. The SPAC uses the money from the share sales to buy a private company within two years, or they have to give the money back. It shortens the time and work necessary for a private company to go public.