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- Daily Scoop 5-18
Daily Scoop 5-18
🗨️ We're going shopping
Today's Scoop: Constrained
Talking points
People are shopping again, everywhere.Businesses are struggling to get back up to speed.More companies are focusing on an inclusive financial system.
The Market: ⬇️-0.9%
S&P 500: 4,127.83
Updates from major consumer brands like Walmart & Macy’s have boosted investor confidence in a continued recovery, but the heightened spending isn’t the main concern. Investor are worried about too much demand overwhelming businesses and driving prices up. Data today showed rising costs of materials might be slowing home building.
Company Headlines
A new streaming allianceSweetgreen's going publicWells Fargo's initiative for equalityMacy's has customers againWalmart's in beast mode
CLICK THE LINK BELOWFOR THESETOP 5 COMPANY SCOOPS
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Reminder...
An Initial Public Offering (IPO), aka "going public" refers to the first time a company asks us regular people to invest. Prior to that, you had to know somebody or have a ton of money to get behind the red rope. They sell shares of their company to the open market in exchange for our cash. That cash can be used for all sorts of things, typically used to build out their business further. It also makes it easy for any previous investor or early employee to sell their existing shares on the market.
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