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Daily Scoop 6-17
👋 Your Thursday Scoops
Today's Scoop:Wobbles
Big Picture:
1) Layoffs picked up unexpectedly last week.
2) Policymakers said they'll keep the stimulus coming for the time being.
3) Automakers continue to make big investments in electric vehicles.
The Market: ⬇️-0.04%
S&P 500: 4,221.86
1Mo:
+2%
| 1Yr:
+36%
| 5Yr:
+107%
The number of Americans laid off last week jumped unexpectedly, increasing for the first time since April. The Federal Reserve said they’ll keep the stimulus pumping for the time being to get people back to work. Investors are starting to show less concern for a major inflation problem, seeing some industry prices fall and cracks appear in the recovery.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Amazon's
GM
Spotify
Google's
Unilever's
🤓 Inside Scoop...
When investors talk about the risks of inflation, they're talking about the risks of inflation
getting too high.
Rising prices are normal, but we don't want prices to rise too quickly. If that happens, the Federal Reserve will have to step in and shut off the stimulus.
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