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Daily Scoop 5-17
🥑Lettuce, tomato, mayo, extra Scoop
Today's Scoop: Turbulance
Talking points
People are worried about stuff costing more, aka inflation.Many industries face supply shortages.Businesses are raising wages to get people back to work.
The Market: ⬇️-0.3%
S&P 500: 4,163.29
Inflation is still the prevailing worry, but investors seem to have gotten over the terror of last week. Markets sank for a few days, but mostly snapped back at the end of the week. Supply chains are feeling stress ramping production up quickly enough to meet demand.
Company Headlines
Big crypto profits at CoinbaseDisney+ growth is slowingTyson can't get us enough chickenAirbnb's feeling hopefulFood delivery's still strong at Doordash
CLICK THE LINK BELOWFOR THESETOP 5 COMPANY SCOOPS
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Reminder...
When investors are worried about inflation, they sometimes prefer to invest in more stable companies with big cash dividend payments, rather than take a risk on high-growth companies. Those potentially bigger profits down the road get a little less appealing than cash payments today.
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