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Daily Scoop 9-16
👋 Your Thursday Scoops - DoorDash goes to war & Starbucks faces uprising
Today's Scoop:Flounder
Big Picture
Consumer retail shopping was higher than expected in August.
Weekly layoffs have dropped off significantly since the start of the year.
Workers continue to flex their power, demanding higher pay and better conditions.
The Market
⬇️
-0.2%
S&P 500: 4,473.75
1Mo: +1
%
| 1Yr:
+33%
| 5Yr:
+107%
Markets floated around today, undecided on the path forward. The economic data has been mixed. Consumer retail sales were higher than expected in August, but progress in the labor market has slowed.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
DoorDash
-
-
Chevron's
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Starbucks
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Pepsi's
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
Workers have the right to organize into a formal union. Labor unions allow workers to collectively negotiate with corporations over wages, benefits, and working conditions. Only about 10% of the U.S. workforce is unionized. Corporations often oppose unionization because they believe it limits competition and quality of work.
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