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Daily Scoop 7-20

Daily Scoop 7-20

👋 Your Tuesday Scoops - Ben & Jerry's vs. Israel

July 20, 2021

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Today's Scoop:Bounce

Big Picture

Markets recovered from a brief crash yesterday.
Bitcoin prices are falling due to increased regulatory attention.
Covid cases are rising quickly & causing concern for reimposed restrictions.

The Market

⬆️

+1.5%

S&P 500: 4,323.06

1Mo:

+2%

| 1Yr:

+33%

| 5Yr:

+99%

Markets snapped back from most of yesterday's losses that were driven by concerns of rising infection rates slowing economic growth. Daily covid infection rates are roughly double what they were a month ago. Bitcoin prices fell below $30,000 as Chinese regulators continue to crack down on cryptocurrency use. U.S. officials are reviewing the use of certain cryptocurrencies tied to the U.S. dollar.

Company Scoops ❤🌎💰

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

Johnson & Johnson's

offloading liabilities

Microsoft's

negative carbon plan

Square's

crypto expansion

Unilever's Ben & Jerry's

boycotts Israeli settlements

IBM

rising to the clouds

🤓 Inside Scoop...

Bankruptcy does not necessarily mean a company is going out of business. It's basically an official process for saying I can't pay my debts and I need legal help finding a solution. There are different types of bankruptcy - Chapters 7, 11, & 13 are the most common. Each has a different process for either liquidating your assets to pay back what you can and erase the rest or restructure your business or outstanding loans to define a path to paying debts back.