Daily Scoop 22-8-3

View this email in your browser

Today's Scoop:Cruising

Love your daily scoops? Support the mission by recruiting a friend and unlocking premium content!

Big Picture

1. Consumers are racking up credit card debt.

2. The increased debt hasn't become unmanageable yet.

3. There are more signs of businesses bouncing back in July.

The Market: 

⬆️

+1.6%

S&P 500: 4,155.17

1Mo:

+8%

| 1Yr:

-6%

| 5Yr:

+68%

Markets rallied back from a negative start to the week as we moved through corporate financial updates.

Some

positive economic data indicated a rebound in business activity

. In July, the ISM purchasing managers index showed a surprise rebound in the services sector.

Consumers have been building a lot of credit card debt to deal with surging prices.

The New York Federal Reserve reported Americans added $100B in credit card debt over the past year. That 13% increase is the fastest rate in over 20 years. More than 230 million credit card accounts were opened during the second quarter, the most since 2008.

The New York Fed said consumers are still in relatively strong financial health. The amount of debt moving into delinquency is still at a historically-low level. So

Americans are managing those credit card bills well.

Company Scoops ❤🌎💰

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

Moderna's

vaccine expirations cost millions

-

Match

moves on from its 2nd female CEO in months

-

Amazon

moves further away from net-zero goals

-

Robinhood

starts mass layoffs as revenue plunges

-

Airbnb

benefits from the travel boom

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

🤓 Inside Scoop...

More companies are setting

net-zero emissions

and

carbon neutral targets

to reduce their impact on

climate change

. The company intends to minimize the volume of harmful

greenhouse gases

emitted into the atmosphere from its operations, supply chain, and products. While the terms are often colloquially interchangeable, they have slightly different meanings.

Carbon neutral

means the company removes as much carbon dioxide from the atmosphere as it emits yearly.

Net-zero

takes it a step further, broadening from just carbon to all greenhouse gases like methane or sulfur dioxide and restricting the use of

carbon offsets

. This means net-zero companies must reduce their emissions, not just purchase carbon offset financial instruments to balance them out.

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:

Save Scoops from your spam

💙 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:

*|SHAREURL|*

You have made referrals