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Daily Scoop 9-14

Daily Scoop 9-14

👋 Your Tuesday Scoops - Leaving Texas & Pinterest's shady treatment of women

September 14, 2021

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Today's Scoop:Stumble

Big Picture

Consumer prices are still on the rise, but inflation is slowing.
Markets continue to drift lower.
Corporations are stepping up pay, bonuses, & benefits to compete for workers.

The Market

⬇️

-0.6%

S&P 500: 4,443.05

1Mo:

-1%

| 1Yr:

+31%

| 5Yr:

+108%

Markets turned back to negative town today. September tends to be the worst month for markets, so the general post-summer pessimism is on-trend. The official consumer inflation reading wasn't as bad as expected, but prices are still up significantly over last year. The Consumer Price Index rose 0.3% in August, pointing to slower inflation than the month before at 0.5%. But prices are up 5.3% over last August.

Company Scoops ❤🌎💰

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

Facebook

isn't treating everyone equally

didn't keep its promises

Tinder

has a new CEO

Salesforce

pays to relocate out of Texas

Amazon's

paying for school

(These links only work for 24 hours while the story is live)

🤓 Inside Scoop...

Inflation itself is not inherently bad. Prices are supposed to rise over time. Low inflation is a sign of a healthy, growing economy. People worry about inflation getting too high, too quickly. If that happens, the Federal Reserve would likely have to stop supporting the economy and start restricting it.