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- Daily Scoop 22-4-13
Daily Scoop 22-4-13
👋 Your Wednesday Scoops - Delta's flying & JPMorgan prepares for defaults
Today's Scoop:Bounce
Big Picture
Prices are rising quickly for consumers.
Prices are rising even more quickly for businesses.
Corporate financial health checks have been solid so far.
The Market:
⬆️
+1.1%
S&P 500: 4,446.59
1Mo: +7
%
| 1Yr:
+8%
| 5Yr:
+89%
Markets floated upwards today after a long stretch of pessimism.
Investors are worried about high inflation.
Yesterday, the Labor Department reported consumer price
inflation at its highest level in over 40 years
. Things consumers spend money on are 8.5% more expensive than a year ago.
Today, the
Producer Price Index registered its fastest one-year rise on record
. Supplies cost 11.2% more for businesses now than they did a year ago.
Earnings season is here!
Corporations are starting to report on their first-quarter financial performance. Investors will be looking to see whether these higher costs are eating into corporate profits.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Delta's
-
JPMorgan's
-
American Express
-
Sony
-
Lucid Motors
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Earnings season
is all about getting a look under the hood of every public company. Except for the big, famous companies, there's not that much news about corporations on a daily basis. Investors get excited every quarter when companies are required to report on their financial health and answer investors' questions in the earnings call.
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