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Daily Scoop 7-7
👋 Your Wednesday Scoops - Revolts at Amazon
Today's Scoop:Reinforced
Big Picture:
1) Inflation has been a problem, but policymakers still think it's only short-term.
2) Big companies like Amazon are facing pushback on worker conditions.
3) Major automakers continue to transition their focus to electric vehicles.
The Market:
⬆️
+0.3%
S&P 500: 4,358.13
1Mo:
+3%
| 1Yr:
+37%
| 5Yr:
+105%
Investors were allowed to read the secret minutes for the Federal Reserve's last meeting today and found nothing particularly scandalous. Inflation is definitely a problem right now, but the Fed thinks it's going away. That means the stimulus should continue for the time being.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Amazon
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Volkswagen
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Google's
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Toyota
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Airbnb's
🤓 Inside Scoop...
The Federal Reserve controls the money system. Their job is to stimulate the economy when things are slow and restrict it when things run a little too fast. They pump money into the system or pull it out of the system, depending on their outlook for the economy.
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