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Daily Scoop 22-2-15

Daily Scoop 22-2-15

👋 Your Tuesday Scoops - Levi's anti-masker firing & Walmart cuts plastic

February 15, 2022

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Today's Scoop:Relief

Big Picture

Businesses are still facing rising supply costs.
Computer chip shortages are still a big problem for automakers.
Oil prices have come down from their highs due to easing Russia-Ukraine tensions.

The Market:

⬆️

+1.6%

S&P 500: 4,471.07

1Mo:

-2%

| 1Yr:

+14%

| 5Yr:

+90%

Markets jumped today on news of

easing tensions in Eastern Europe

and

declining infection rates

The Russian Ministry of Defense announced it would be pulling back forces along the Ukraine border. Russia is the world's third-largest oil producer, so deescalating tensions have brought

oil prices down

from recent highs.

Businesses are still dealing with

rising supply costs

. The Bureau of Labor Statistics reported the Producer Price Index rising 1% in January, much faster than economists expected, and 9.7% over the past year. Higher inflation might force the Federal Reserve to

cut back stimulus measures more quickly.

Company Scoops ❤🌎💰

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

Levi's

Brand President leaves over anti-mask backlash

Ford's

production is still on ice

Snapchat's

dishing more cash to creators

Walmart's

looking to phase-out plastic

Marriott's

back in motion

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

🤓 Inside Scoop...

The Federal Reserve, aka the Central Bank, controls the flow of money. When the economy needs help, it creates more money and lowers interest rates to incentivize more lending and spending. When inflation gets high, or the economy fully recovers, the Fed raises interest rates and starts to shut down all the supportive stimulus measures. It's a natural part of the economic cycle, but investors don't like change.