Daily Scoop 22-9-15

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Today's Scoop:Nerves

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Big Picture

1. Consumer spending hasn't slowed.

2. Layoff rates are low.

3. Railroad workers are getting a huge raise to avoid a devastating strike.

The Market: 

⬇️

-1.1%

S&P 500: 3,901.35

1Mo:

-9%

| 1Yr:

-13%

| 5Yr:

+56%

Markets drifted lower today, with

investors still worried about persistent inflation

and how much the Fed will restrict the economy to slow rising costs.

A tentative deal has been made to avert a railroad worker strike that could have had devastating economic impacts

. Railroad workers will receive their most significant raise in over four decades. Labor unions, government officials, and railway companies have been at the negotiating table for days to avoid a work stoppage that could have frozen over 30% of US cargo transport.

Fewer people are getting laid off each week.

The Department of Labor reported initial unemployment claims fell slightly to 213,000 last week, the lowest level since May.

Consumer spending is still holding reasonably well.

The Commerce Department reported retail sales rose 0.3% in August after declining in July. Lower fuel prices led to less spending at gas stations, but vehicle sales spiked. Online spending has been down since Amazon's Prime Day in July.

Company Scoops ❤🌎💰

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

Wells Fargo

finally agrees to a racial equity audit

-

Deere

tractors are getting really smart

-

Adobe

buys Figma for $20B with 50/50 cash and stock

-

Uber

rolls out true autonomous delivery

-

Twilio

slashes 11% of staff to chase profitability

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

🤓 Inside Scoop...

Mergers

and

acquisitions

are a core component of corporate expansion and development. When a company wants to expand into a new market or absorb new resources that another company has, it'll typically hire an

investment bank

(like a real estate broker, but for companies) to help identify, value, and negotiate a deal with the target company. The acquiring company may take on debt to fund the deal, trade its stock, or use its cash reserves. The acquisition can be an

all-cash deal

, where shareholders receive cash in their brokerage accounts, or an

all-stock deal

, where your shares of Company X turn into some amount of shares of Company Y, or some mixed combination of the two.

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