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Daily Scoop 8-23 (copy 01)

Daily Scoop 8-23 (copy 01)

👋 Your Tuesday Scoops - Tesla drivers as guinea pigs & Coinbase hacked

August 24, 2021

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Today's Scoop:Optimism

Big Picture

The FDA's vaccine approval has boosted economic optimism.
New home sales are starting to pick back up, despite supply strains.
Corporations have nearly doubled profits from last year.

The Market

⬆️

+0.2%

S&P 500: 4,486.23

1Mo:

+1%

| 1Yr:

+30%

| 5Yr:

+107%

Markets continued their rise today as the newly-approved vaccine boosts investors' confidence that a rise in infections won't disrupt the economic recovery. The real estate market is showing some signs of stabilizing. New home sales picked back up after months of declines. As construction tries to catch up to demand, new single homes sales are still down 27% from last year. Corporate earnings are on track to be up 95% from last year.

Company Scoops ❤🌎💰

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

Tesla's

self-driving is not good

Coinbase

customers are getting hacked

Boeing's

culture under investigation

Target's

teaming up with Disney

Best Buy's

still buzzing

🤓 Inside Scoop...

The S&P 500 is an index that tracks the value of the biggest 500 public companies in the US. The actual number isn't as important as the direction it moves. It helps us understand whether America's biggest corporations are growing. Daily fluctuations are very normal.