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Daily Scoop 8-31

Daily Scoop 8-31

👋 Your Tuesday Scoops - Shady Big Oil marketing & regulated Robinhood

August 31, 2021

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Today's Scoop:Out of Office

Big Picture

Markets had a good month in August.
Consumers are losing confidence in the economy.
Home prices are the highest they've ever been.

The Market

⬇️

-0.1%

S&P 500: 4,522.68

1Mo:

+3%

| 1Yr:

+28%

| 5Yr:

+107%

After notching 53 new record highs so far this year, markets relaxed for the last day of August. Most major corporations have reported their second-quarter performance, and corporate profits nearly doubled in the last year. Consumer confidence reports showed waning optimism in August. Home prices hit new record highs in June, now 41% higher than during the previous boom in 2006.

Company Scoops ❤🌎💰

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

Shell's

misleading customers

PayPal's

getting into stock trading

Robinhood's

in hot water

Zoom's

struggling to please

Apple's

paying its CEO $750 million

🤓 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. When it hits a new record high, it means that the biggest corporations are getting bigger.