Scoops
Posts
Daily Scoop 22-2-23

Daily Scoop 22-2-23

👋 Your Wednesday Scoops - Unions at Apple, Unions at Starbucks

February 23, 2022

View this email in your browser

Today's Scoop:Stumble

Big Picture

Tensions in Eastern Europe are high.
Corporate profits are strong.
The labor rights movement is growing, with more calls for unionization.

The Market:

⬇️

-1.8%

S&P 500: 4,225.50

1Mo:

-4%

| 1Yr:

+8%

| 5Yr:

+78%

Markets rebounded slightly, then sank lower today on

heightening anxiety around Russia and Ukraine.

The first wave of financial retaliation measures against Russia from the US, UK, and EU were lighter than investors had feared, but it looks like more sanctions are coming. Further escalation of economic sanctions or trade disruptions could send negative ripple effects through the global economy.

Corporate profits are strong.

We're now almost finished with the fourth-quarter earnings season, and 78% of corporations reported higher revenue and profits than investors initially expected.

Company Scoops ❤🌎💰

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

Apple's

retail workers are pushing for a union

Starbucks'

new union battle is heating up

Sony

unveiled its metaverse headset

Macy's

rejected investor pressure to split up

Toyota's

looking into hydrogen engines

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

🤓 Inside Scoop...

Yesterday the S&P 500 reached a "market correction." A correction is when any investment falls more than 10% in value from its most recent peak. Some might call that a crash, but correction implies that it's a normal part of the cycle. Investors are trying to make bets on the future, and the price they're willing to pay depends on their confidence in that future. The normal cycle is investors getting really hyped, maybe over-hyped. Then, that exuberance "corrects" itself back to a more pessimistic mindset, then likely heads back to normal and starts again.