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- Daily Scoop 5-12
Daily Scoop 5-12
🧐Did that really just happen?
Today's Scoop: Negative Town
The Market (S&P 500): 4,063.04⬇️-2.1%This was one of the worst market days in a while. New stats showed that prices surged in April, the biggest inflation spike since 2008. The spike was higher than most investors expected, and now they’re losing confidence. The Federal Reserve expects the inflation spike to only be a short-term problem.Company Headlines
Google flexes on RokuTikTok is the new LinkedInAmazon annoys Microsoft out of billionsBurgers are boomin' at Wendy'sNFT's have a new homeCLICK THE LINK BELOWFOR THESETOP 5 COMPANY SCOOPS
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Reminder...
Inflation is a major focus for the Federal Reserve, aka the Central Bank, aka the controller of the money system. The Fed decides whether to pump up the flow of money through the system or restrict it. One of the main triggers for them to start restricting would be excessive inflation. So people get worried about the money party ending when inflation starts to pick up.
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