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- Daily Scoop 22-4-14
Daily Scoop 22-4-14
👋 Your Thursday Scoops - Elon wants to own Twitter & Google tries carbon-free
Today's Scoop:Shaky
Big Picture
Higher prices have slowed consumer spending.
Layoffs are still at low levels.
Banks are solid but not as profitable as last year.
The Market:
⬇️
-1.2%
S&P 500: 4,392.59
1Mo: +3
%
| 1Yr:
+5%
| 5Yr:
+87%
Markets drifted lower today after a brief bounce of optimism. Investors are
worried about inflation.
Earlier this week, we learned the prices of consumer goods are up 8.5% in a year, and the things businesses spend money on are 11.2% more expensive.
Today, the Census Bureau reported a
slowdown in consumer spending due to high prices.
The most significant drops were for cars and online shopping.
Weekly layoffs remain at low levels.
The Labor Department reported 185,000 initial unemployment claims, up from last week's historic lows.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Twitter's
-
Lululemon's
-
Google's
-
Wells Fargo's
-
Goldman Sachs
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Public companies are required to report on their financial health every quarter. We get a look at their sales, expenses, and profits (aka earnings). The end of the quarter, when most companies give their reports, is called "
earnings season,
" second only to wedding season in excitement.
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