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- Daily Scoop 22-4-26
Daily Scoop 22-4-26
👋 Your Tuesday Scoops - Disney vs. Florida gets heated & Coke hikes prices
Today's Scoop:Worried
Big Picture
Wages are rising.
Home sales are falling because houses are really expensive.
Consumers are less confident.
The Market:
⬇️
-2.8%
S&P 500: 4,175.20
1Mo:
-9%
| 1Yr:
-1%
| 5Yr:
+75%
Markets had another rough day as investors worried about rising interest rates and high inflation slowing economic growth.
Near-record home prices and rising mortgage rates are already slowing the real estate market.
The Commerce Department reported new home sales plunged 8.6% in March. Last month, the median new house price was $436,700, up 21.4% from a year ago.
Wages are on the rise.
A National Association for Business Economics (NABE) survey found a record number of businesses reporting wage increases last quarter.
The Conference Board reported a
slight decline in consumer confidence last month
due to the rise in daily expenses and an increase in
optimism about future conditions.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
-
Disney
-
Coke's
-
Pepsi's
-
Amazon's
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Taking a company private
is basically the opposite of an Initial Public Offering (IPO). When companies need money, they can sell a portion of their company (equity/stock) to investors for the promise of growth or a share of their profits. When companies sell ownership to public investors through the stock market for the first time (IPO), they have to start abiding by the regulations of a public company, reporting on their financial health, and dealing with broader scrutiny. If a private investor decides to buy all of the outstanding shares from the public, the company is no longer considered public and can operate with less scrutiny. Shareholders can no longer sell their shares on the stock market.
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