Daily Scoop 22-7-14

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Today's Scoop:Jitters

You can catch the replay from our presentation on

 Stonks today

! We were invited to pitch to thousands of investors in a virtual presentation of Founder Institute's fastest-growing startups.

Big Picture

1. More people got laid off last week than expected.

2. Businesses are still dealing with surging costs.

3. Banks are getting more cautious.

The Market: 

⬇️

-0.3%

S&P 500: 3,790.38

1Mo: 0

%

| 1Yr:

-13%

| 5Yr: 

+53%

Markets wavered again today as investors digested more high inflation data and concerning financial reports from the big banks.

Businesses are still dealing with surging costs

all the way up the supply chain. The Bureau of Labor Statistics reported the Producer Price Index rose 11.3% from a year ago, another near-record increase in the price of materials and supplies businesses need. Consumer price inflation came in at 9.1% for June.

Everything continues to get more expensive

, but energy and fuel costs were the biggest drivers of inflation in June. 

Layoffs continue to inch upward each week.

The Labor Department reported initial weekly unemployment claims rose to 244,000 last week, significantly more than economists projected.

Company Scoops ❤🌎💰

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

Uber

sued by hundreds of sexual assault survivors

-

Netflix

teams up with Microsoft to bring you ads

- 

TSMC

provides reassurance on the tech sector

- 

JPMorgan

starts fortifying its reserves

- 

Morgan Stanley

navigates the deal drought

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

🤓 Inside Scoop...

Companies with extra cash can reward shareholders for their support in two ways. First, they can distribute money directly out to investors, literally giving them a share of the profits by paying them a

dividend

. Companies will declare that every investor gets $X for each share they own. Second, companies can buy back their own shares from public investors.

Buybacks

allow companies to reduce the number of outstanding shares in the market, making each remaining share more valuable. They're slicing their company ownership into fewer pieces, making each shareholder own more of the company. If companies pause or slow either of these activities, it can mean they're preparing for trouble.

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