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- Daily Scoop 22-12-19
Daily Scoop 22-12-19
👋 Your Monday Scoops - Goldman cuts staff and bonuses & McD's goes green
Today's Scoop:Gloomy
Big Picture
Inflation is going away, but not that quickly.
Policymakers are willing to cause a recession if it doesn't.
The housing market is not looking good.
The Market:
⬇️
-0.9%
S&P 500: 3,817.66
1Mo:
-3%
| 1Yr:
-16%
| 5Yr:
+42%
The market continued its downward drift today without any positive news to shake the momentum.
Policymakers last week made it clear they are willing to cause a recession to make inflation go away
more quickly. The Federal Reserve hiked baseline interest rates again, making borrowing more expensive to slow economic activity. The Fed said it would likely keep rates high for a while until it sees signs that the economy is no longer overheating, like higher unemployment and very low inflation.
Inflation is easing, but not quickly enough.
The Labor Department last week reported prices rising at a much more normal pace, but living costs are still 7.1% higher than a year ago.
The real estate market is in trouble
. Homebuilders are very pessimistic. The National Association of Home Builders reported homebuilder sentiment at its lowest levels in a decade, as
high mortgage rates and high supply costs make homes unaffordable.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Amazon's
-
Pfizer
-
Goldman
-
McDonald's
-
GM-
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
More companies are setting
net-zero emissions
and
carbon-neutral
targets to reduce their impact on climate change and minimize the volume of harmful greenhouse gases emitted into the atmosphere from their operations, supply chain, and products. While the terms are often colloquially interchangeable, they have slightly different meanings. Carbon neutral means the company removes as much carbon dioxide from the atmosphere as it emits yearly. Net-zero takes it a step further, broadening from just carbon to all greenhouse gases like methane or sulfur dioxide and restricting the use of carbon offsets. This means net-zero companies must reduce their emissions, not just counteract them by purchasing financial instruments that direct money to carbon-negative projects like tree planting.
💸Timely Money Moves💸
Here are
two easy financial wins
before year-end:
Earn free money by taking advantage of investment platform promotions.
Get up to $30,000 in free stocks you can sell immediately for depositing $1 at Webull.
Get up to $500 cash by transferring your investments to M1 Finance.
Learn: Why do companies do this?
Earn over 4% in a savings account at a local bank.
SaveBetter aggregates the highest-paying banks into one interface
of these platforms and other free services.
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