Daily Scoop 22-4-7

View this email in your browser

Today's Scoop:Floating

Big Picture

1. Layoffs are at the lowest level in 54 years.

2. Consumers racked up credit card debt last month.

3. High mortgage rates are starting to ease home prices.

The Market: 

⬆️

+0.4%

S&P 500: 4,500.21

1Mo: +8

%

| 1Yr:

+10%

| 5Yr:

+93%

Markets wobbled around today as investors tried to figure out the road ahead.

The jobs market is strong.

The Labor Department reported initial weekly unemployment claims fell to the lowest level since 1968, with only 166,000 people laid off.

Interest rates are rising, but consumers are still borrowing.

The Federal Reserve reported consumer credit levels increased the most in one month since 2001. Revolving balances like credit cards ballooned at a 21% annualized rate.

30-year mortgage rates are over 5%, making homes less affordable

. Redfin said 12% of listed homes reduced their asking price last month.

The percentage of declining home prices has expanded consistently for the past six months.

Company Scoops ❤🌎💰

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

Shell

loses billions on Russian exit

-

Porsche

tries to make combustion cleaner

-

Levi Strauss

doesn't see a slowdown

-

GM and Honda

team up to tackle Tesla

-

Berkshire Hathaway

gives new life to HP

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

🤓 Inside Scoop...

E-fuels

are produced as an alternative to fossil fuels by combining carbon dioxide (CO2) with water. As it stands, e-fuels can only disrupt the global petroleum market if e-fuels become cheaper than the refinement of crude oil. A big issue plaguing expansion in the renewable energy sector is the problem of how to store the energy. Because these synthetic e-fuels are made using renewable energy (wind, hydroelectric, solar, etc.), they offer an alternative storage option to batteries. For example, this could allow a solar farm to produce lots of energy during the day, convert it to e-fuel, and use the e-fuels to run a generator when electricity demand is greater at night.

Follow us on Instagram for more explanations & investing tips!

💙 Like our content? Share the Scoop with friends!

1. Share your unique link with friends & coworkers (forward or copy)

2. When they sign up you unlock exclusive rewards

3. Keep on sharing to unlock more rewards

Forward your unique link:

*|SHAREURL|*

You have made referrals

Click for more ways to share & track your progress!

Thanks for being one of the earliest members of the Scoop family 💙