- Scoops
- Posts
- Daily Scoop 6-21
Daily Scoop 6-21
👋 Your Monday Scoops - Turbulence & Controversy
Today's Scoop:U-Turn
Big Picture:
1) Congress isn't any closer to a bipartisan infrastructure bill.
2) Policymakers said they'll eventually roll back the emergency stimulus measures, but not yet.
3) A global shortage of computer chips continues to strain multiple industries.
The Market:
⬆️ +1.4%
S&P 500: 4,224.79
1Mo:
+1%
| 1Yr:
+36%
| 5Yr:
+107%
Investors kicked off Monday morning in a positive mood, shaking off the concerns from last week regarding the Federal Reserve’s plan to eventually stop their emergency stimulus. Investors want the Fed to be responsible but also don’t really want the stimulus to stop.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
American's
Summer plans are seeming a little ambitious
VF Corp's
North Face & Vans risk losing a market over forced labor accusations
Lordstown
The electric truck SPAC's facing scandal after scandal
Fitbit's welcomed into the family
Taiwan Semiconductors
More valuable than oil & cornering the market
🤓 Inside Scoop...
SPACs are Special Purpose Acquisition Companies. They're sometimes called "blank check" or "shell companies" because they aren't businesses on their own. Big investors create the SPAC, then sell shares on the public market like any public stock. The SPAC uses the money from the share sales to buy a private company within two years, or they have to give the money back. It shortens the time and work necessary for a private company to go public.
💙 Like our content? Share the Scoop with friends!
The old millioniares & billionaires are wasting their influence. It's time for a new generation to make an impact.
1. Share your unique link with friends & coworkers (forward this email)
2. When they sign up you unlock exclusive rewards
3. Keep on sharing to unlock more rewards
Forward your unique link:
You have made referrals
Thanks for being one of the earliest members of the Scoop family 💙
Reply