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Daily Scoop 8-3

Daily Scoop 8-3

👋 Your Tuesday Scoops - Bankers get a raise & China cracks down

August 03, 2021

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Today's Scoop:Wobbles

Big Picture

Cryptocurrencies face increased regulation.
Chinese regulators are cracking down on corporate power.
Wages continue to rise across industries, from hourly to salary workers.

The Market

⬆️

+0.8%

S&P 500: 4,423.15

1Mo:

+2%

| 1Yr:

+34%

| 5Yr:

+103%

Markets bounced back from yesterday’s decline, floating around all-time highs as investors debate where we go from here. Corporate profits are very strong, but the infection & restriction resurgence has raised concern. The Chairman of the Securities and Exchange Commission told Congress that they intend to regulate cryptocurrencies to the maximum extent of their power. Chinese regulators have been applying increased pressure on major corporations to reign in market power.

Company Scoops ❤🌎💰

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

Carnival Cruise's

sets sail

Goldman Sachs'

big raise

Under Armour

shocks investors

Amazon

wants your palm print

Alibaba

under pressure

🤓 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.