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Daily Scoop 8-11

Daily Scoop 8-11

👋 Your Wednesday Scoops - Food prices are rising & Mountain Dew's getting spiked

August 11, 2021

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Today's Scoop:Pricey

Big Picture

Food prices are rising faster than they have in 40 years.
Used car prices haven't come down.
Cryptocurrencies are facing increased tax and regulatory attention.

The Market

⬆️

+0.3%

S&P 500: 4,447.70

1Mo:

+1%

| 1Yr:

+32%

| 5Yr:

+104%

Markets hit new records today after the core inflation reading for July came in lower than investors and economists had feared. The Labor Department's Consumer Price index (CPI) rose 5.4% over last year. Prices for used cars continued to rise, but slower than the spikes in June. Food prices marked the largest one-month jump in 40 years. The month-over-month increases in prices slowed in July after a big pickup in June.

Company Scoops ❤🌎💰

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

Boston Beer Company's

new spiked Mountain Dew collab

Coinbase's

rising crypto trading

Robinhood

makes a big buy

Google

protecting kids

Citi

requires vaccination

🤓 Inside Scoop...

The Consumer Price Index is the main way economists and investors keep track of rising prices, aka inflation. The Labor Department calculates CPI by measuring the average price of a set of goods over time. You might hear about Core CPI, which strips things like food and energy out of the basket because those tend to be more volatile than other items. The Central Bank considers a healthy rate of inflation to be around 2%.