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- Daily Scoop 22-2-10
Daily Scoop 22-2-10
👋 Your Thursday Scoops - Peloton's employee backlash & Disney's rebound
Today's Scoop:Concerned
Big Picture
Inflation's at its highest level in 40 years.
Fewer people got laid off last week.
Food is 7% more expensive than a year ago.
The Market
⬇️
-1.8%
S&P 500: 4,504.08
1Mo:
-4%
| 1Yr:
+15%
| 5Yr:
+92%
Markets took a tumble today after the much-anticipated
inflation report came in higher than expected
. Despite signs of a strong labor market and solid corporate profits,
investors worry the Federal Reserve will have to start restricting economic activity too quickly
if inflation gets out of control.
The Labor Department reported the Consumer Price Index rose more than expected last month.
Goods and services are 7.5% more expensive
than last January, the biggest 1-year rise in 40 years. Food costs are 7% higher, gas is 40% more expensive, and used car prices are still surging.
The Labor Department also reported weekly initial unemployment claims declined last week, further indicating an
improving jobs market.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Peloton's
-
Kellogg's
-
Disney's
-
Amazon's
-
Twitter's
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
When companies have extra cash, they typically reward shareholders for their support in two main ways. First, they can distribute cash directly out to investors, literally giving them a share of the profits by paying them a dividend. Companies will declare that every investor gets $X for each share they own. Second, companies can buy back their own shares from public investors. "Buybacks" allow companies to reduce the number of outstanding shares in the market, making each remaining share more valuable. They're slicing their company ownership into fewer pieces, making each shareholder own more of the company.
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