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- Daily Scoop 22-11-30
Daily Scoop 22-11-30
👋 Your Wednesday Scoops - Alzheimer's breakthrough & Goldman's ESG trouble
Today's Scoop:Bounce
New apparel designs are moving fast!
.
Big Picture
Policymakers are considering taking it easier on the economy.
Hiring is slowing.
There are fewer available jobs, but still plenty.
The Market:
⬆️
+3.1%
S&P 500: 4,080.111Mo: +6% | 1Yr: -10% | 5Yr: +54%
The market ended the month on a positive note after the
Federal Reserve Chairman hinted that they might lighten up
on their economic restrictions soon.
The Fed has been raising interest rates
to make borrowing more expensive, slow spending, increase business costs, and generally slow the economy to control inflation. The economy was running too hot. Businesses couldn't find enough employees and couldn't produce enough stuff to sell. That sent prices higher. Now,
the Fed is seeing signs of their restrictions working
.
There are fewer available jobs.
The Labor Department's Job Openings and Labor Turnover Survey said there are 760,000 fewer job openings than a year ago. This summer, there were two available jobs for every unemployed person. Now there are 1.7.
Companies aren't hiring as much now.
Payroll provider ADP's monthly employment survey reported companies only hired 127,000 net new workers last month, the fewest in almost two years.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Biogen's
-
Airbnb
-
Walmart
-
Goldman Sachs
-
Mastercard
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Environmental, Social, & Governance (ESG)
ratings have surged in popularity with corporations and investors. The metrics are intended to analyze the company's broader external and internal risks, from emissions to resource use, wage disparity, diversity, and leadership incentives. The acronym has been adopted to imply
sustainability
or social responsibility, but the rating systems were initially designed as risk metrics. Most are intended to measure the impact of the world on the company's profits, not the company's impact on the world.
Agree with these rankings?
Vote in any company scoop to get your voice heard!
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