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- Daily Scoop 8-30 v2
Daily Scoop 8-30 v2
👋 Your Monday Scoops - CVS therapists & death by Peloton
Today's Scoop:Reassured
Big Picture
Policymakers aren't shutting off the stimulus yet.
U.S. corporations have never been more valuable.
Drone delivery is a reality.
The Market
⬆️
+0.4%
S&P 500: 4,528.79
1Mo:
+3%
| 1Yr:
+29%
| 5Yr:
+108%
Markets floated to new highs following Friday's positive messages from the Federal Reserve. Policymakers might start tapering back their money-printing stimulus this year, but they promised they'll keep rates low. Low rates help stimulate the economy.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Peloton's
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Walmart's
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CVS
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Pepsi's
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Google's
🤓 Inside Scoop...
The Federal Reserve, aka the Central Bank, controls the money system. They set the baseline interest rates for all savings rates and loan rates. When they want to stimulate the economy, they lower rates to make saving less attractive and loans easier to afford. When the economy runs too hot, they slow it down by raising interest rates.
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