- Scoops
- Posts
- Daily Scoop 22-5-9
Daily Scoop 22-5-9
👋 Your Monday Scoops - Wordle boosts NYT & Tyson's meat profits
Today's Scoop:Fearful
Love your daily scoops? Support us by recruiting a friend and unlock more content!
Big Picture
Interest rates keep rising, making debt more expensive.
Wages are growing.
The economy has recovered nearly all of the jobs lost during the pandemic.
The Market:
⬇️
-3.2%
S&P 500: 3,991.24
1Mo:
-10%
| 1Yr:
-5%
| 5Yr:
+67%
Markets continued tumbling after a tumultuous past week.
Investors are worried that the economy won't hold up well as the Federal Reserve removes the economic support.
Long and short-term
interest rates are on the rise
. Last week, the Federal Reserve continued raising short-term interest rates to slow economic activity and calm rising prices (aka inflation). It will continue to remove its pandemic-era financial support measures and move back to normal.
The economy has nearly recovered all of the jobs lost during the pandemic.
Last week's jobs report from the Labor Department revealed widespread hiring, not just in the recovering leisure and hospitality sectors. More jobs were created than economists expected. The unemployment rate is at 3.6%, back to pre-pandemic levels.
Wages continued creeping upward,
rising ~10 cents per hour last month to 5.5% higher than a year ago.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
NY Times
-
Tyson
-
Johnson & Johnson
-
Airbnb
-
General Motors
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Investors can turn
pessimistic about technology and high-growth
companies when they're worried about
inflation
. If prices are rising and dollars are losing purchasing power, profits are also worth relatively less. When you're investing in growth companies, you're promised a share of profits further into the future. Inflation has more time to eat away at those profits. High-growth companies might also depend more on debt to fund their business.
As interest rates rise
, funding your business with debt gets more expensive.
Make sure your inbox doesn't hide your Scoops
To prevent our emails from getting moved to your promotions or spam:
Gmail
: Move the Scoop to your "Primary" inbox:
On Mobile: Within this email, select the dots (...) in the top right of your screen. Select "Move to" & "Primary". If it's not there, then your mailbox isn't segmented.
On Desktop: Within your inbox, drag & drop this email into the "Primary" tab at the top left.
Apple
: Select the Scoops email at the top. Choose "Add to VIP"
You can find instructions here for all other email clients:
💙 Share the scoop!
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:
You have made referrals
Reply