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Daily Scoop 8-10

Daily Scoop 8-10

👋 Your Tuesday Scoops - New stimulus, AMC, & Alibaba sexual assault

August 10, 2021

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Today's Scoop:Stimulated

Big Picture

The Senate finally agreed on a $1.2T spending package.
Wages keep rising for minimum wage workers up to bankers.
Companies like AMC are changing the way corporations interact with shareholders.

The Market

⬆️

+0.1%

S&P 500: 4,436.75

1Mo:

+1%

| 1Yr:

+33%

| 5Yr:

+103%

Markets hit new highs today after the Senate approved a $1.2T spending package. The Senate has been negotiating for months but has now agreed on $550B of new spending to revamp roads and bridges, broaden internet access, boost public transit & more. It's $550B of new spending on top of the usual amount they would be spending on highways and other projects. The bill goes to the House for approval next. They're hoping to pay for it with unused pandemic stimulus money and tighter tax collection on cryptocurrency traders.

Company Scoops ❤🌎💰

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

Alibaba's

AMC

Victoria's Secret's

Hertz

JPMorgan's

🤓 Inside Scoop...

Companies can be "delisted" from a public stock market exchange, meaning they're not allowed to trade their shares openly. They can remove themselves if they want to go private again. They can also be forcibly delisted by not meeting minimum requirements like share value or number of shareholders. Companies will often delist as part of a bankruptcy. As an investor, you can still own a delisted stock, but it will be difficult to trade the shares, and you might lose money ahead of the delisting if a company is heading into bankruptcy.