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Daily Scoop 8-26

Daily Scoop 8-26

👋 Your Thursday Scoops - Target's police funding & Delta's ultimatum

August 26, 2021

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Today's Scoop:Stalled

Big Picture

Bombings in Afghanistan have shaken optimism.
More people were laid off last week than the week before.
Companies are stepping up efforts to get their workforce vaccinated.

The Market

⬇️

-0.6%

S&P 500: 4,470.00

1Mo:

+2%

| 1Yr:

+28%

| 5Yr:

+105%

After a big push to new records this week, markets drifted lower today. More people were laid off last week than the week before, as weekly initial jobless claims came in higher than expected at 353,000. Bombings in Afghanistan have people shaken up. Final US economic growth numbers (GDP) were higher than initially estimated, growing at a 6.6% annualized rate.

Company Scoops ❤🌎💰

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

Facebook

hides misinformation

Target's

police funding

Delta's

charging the unvaccinated

Anheuser-Busch's

fully-solar beers

Google

says workers have no right to protest

🤓 Inside Scoop...

GDP, or Gross Domestic Product, is how we track how much stuff the economy is producing. The actual number ($19.4 trillion) doesn't matter as much as the direction it's going. We track the GDP growth rate to know whether the economy is expanding or contracting. You'll hear it quoted in different percentages. One (1.6%) is how much more we produced than the previous three months, and the annualized number (6.6%) represents how much the GDP would increase if it hypothetically grew at that 1.6% for a full year.