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- Daily Scoop 22-8-15
Daily Scoop 22-8-15
👋 Your Monday Scoops - H&M greenwashing lawsuit & Coinbase SEC probe
Today's Scoop:Momentum
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Big Picture
It hasn't been this hard to afford a home for over 30 years.
Home builders are losing confidence.
China's economy is slowing.
The Market:
⬆️
+0.4%
S&P 500: 4,297.14
1Mo:
+12%
| 1Yr:
-4%
| 5Yr:
+77%
Markets continued drifting higher today without a ton of significant news drivers.
Homes haven't been this unaffordable in over three decades.
The National Association of Realtors' housing-affordability index, which considers mortgage rates and home prices against average income, dropped to its lowest level since 1989.
Record home prices and high mortgage rates are deterring buyers and discouraging home builders.
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index turned negative in August after eight months of decline. Builders aren't feeling confident about the market.
China's economy is still struggling to work out of the pandemic
and self-imposed lockdowns. Industrial growth and consumer retail sales slowed more than economists expected in July. China's central bank announced a surprise reduction in interest rates to stimulate borrowing and economic activity.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
H&M
-
Rivian
-
Coinbase
-
Peloton
-
Netflix
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Investors, consumers, and employees are demanding greater corporate
sustainability
. Many companies respond with action and communication, but not all accurately represent their impact. Companies accused of
greenwashing
use deceptive marketing to exaggerate the sustainability of their products or intentionally deceive the public about their
environmental impacts
. With limited regulation and standardization around environmental impact reporting, it's difficult for shareholders and stakeholders to validate marketing claims. The only cure for greenwashing is greater corporate transparency and public education.
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