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- Daily Scoop 22-10-24
Daily Scoop 22-10-24
👋 Your Monday Scoops - Mattel's trash-made toys & Eyenovia's spray on glasses
Today's Scoop:Drifting
NEW
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anytime!
Big Picture
Business activity is slowing.
Most economists expect a recession.
Corporate financial reports have been solid.
The Market:
⬆️
+1.2%
S&P 500: 3,797.34
1Mo:
+4%
| 1Yr:
-17%
| 5Yr:
+47%
The market floated higher today amidst a volatile few weeks. Investors are hoping the Federal Reserve might stop increasing restrictions on the economy soon.
Business activity continues to slow.
S&P Global said on Monday that its measure of business output is retreating at the fastest pace since the financial crisis, excluding the pandemic.
Most economists think we're heading for a recession, if not already in one,
based on a National Association for Business Economics survey of 55 business economists.
Corporate financial updates have been solid.
We're about 20% of the way through S&P 500 earnings reports, heading into the biggest two weeks of disclosure now. So far, over 70% of companies have reported stronger profits than investors expected.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
-
GB Sciences
-
Mattel
-
Eyenovia
-
Rackspace
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Contrary to popular belief, more than 90% of plastic in the US won't get recycled. For consumers,
recycling
ends at disposal, but there are a litany of factors that determine if and how recycling can take place. Plastic can only be recycled if it can be melted and reformed into a new object, these materials are known as thermoplastics. Water bottles are very easy to recycle as they are 100%
thermoplastic
, but even this has its limitations. For example, a park bench made from recycled water bottles cannot be recycled a second time and still ends up in the
landfill
.
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