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Daily Scoop 7-6

Daily Scoop 7-6

👋 Your Tuesday Scoops - Robinhood's doge dollars & bye bye Bezos

July 06, 2021

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Today's Scoop:Hangover

Big Picture:

1) More people are back actively looking for work.

2) Wages continue to improve as employers compete for workers.

2) Disagreements between major oil nations sent oil prices to new highs.

The Market: ⬇

+0.2%

S&P 500: 4,343.54

1Mo:

+3%

| 1Yr:

+38%

| 5Yr:

+104%

Investors came back from the long weekend in a bad mood after celebrating the employment gains on Friday. More people found jobs or started looking for work again in June than economists expected. Wages rose too as employers competed to fill open positions. Oil prices hit six-year highs after the Organization of the Petroleum Exporting Countries couldn't come to an agreement on production levels.

Company Scoops ❤🌎💰

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

Amazon's

new chief pushes empathy

Walmart's

insulin push

Microsoft

waves goodbye to $10B

Didi

banned by China

Robinhood

opens up

🤓 Inside Scoop...

The Organization of the Petroleum Exporting Countries (OPEC) is made up of 13 oil-producing countries, founded by Saudi Arabia, Venezuela, Iran, Iraq, & Kuwait. They sometimes agree & sometimes disagree on oil production levels to control oil prices, producing more to lower prices or capping production to increase prices. Oil & energy costs are important at times of economic recovery like today, especially when people are worried about inflation.