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Daily Scoop 7-1

Daily Scoop 7-1

👋 Your Thursday Scoops - Windows has a security gap

July 01, 2021

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Today's Scoop:Fresh

Big Picture:

1) The fewest people were laid off last week since the start of the crisis.

2) US manufacturing companies are still healthy and growing.

3) The shortage of computer chips is weighing on auto companies.

The Market:

⬆️ +0.5%

S&P 500: 4,319.94

1Mo:

+3%

| 1Yr:

+38%

| 5Yr:

+103%

Investors maintained their positive vibe heading into the first day of July. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) declined a bit in June but still indicated a strong and growing manufacturing sector. The Labor Dept's report of initial unemployment claims showed the fewest people laid off last week since the start of the crisis.

Company Scoops ❤🌎💰

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

Microsoft's

Windows are open to hackers

Snapchat's

Bumble

Ford's

Salesforce

🤓 Inside Scoop...

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.