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Daily Scoop 6-30

Daily Scoop 6-30

👋 Your Wednesday Scoops - Robinhood scandal & air travel disruptions

June 30, 2021

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Today's Scoop:Elevation

Big Picture:

1) The jobs market improved this month more than originally expected.

2) US companies got more valuable in June.

3) Home sales volumes are really high.

The Market:

⬆️ +0.1%

S&P 500: 4,297.50

1Mo:

+2%

| 1Yr:

+38%

| 5Yr:

+104%

Markets closed out the quarter at a new record. US companies have never been this valuable. We'll get the official June employment report on Friday, but today ADP said their private sector survey showed more people getting back to work this month than everyone expected, but fewer people than in May. The National Association of Realtors said home sales jumped to the highest level since 2005.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Robinhood

ets the biggest fine ever

Amazon's

demanding ownership from suppliers

Southwest's

getting desperate

United's

betting big

JPMorgan

buys OpenInvest

🤓 Inside Scoop...

Bonds are like little loans that public investors make to companies and governments. When a company needs extra cash, they can sell ownership of their company, or they can take on debt. If they sell ownership, they chop it up into little shares and sell it on the public market in the form of stocks. When they choose debt, they chop it up into bonds. When you buy a new bond, the company gets your cash as principal, just like a loan, then they pay you interest, like a loan, then eventually give your principal money back.