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Daily Scoop 9-23

Daily Scoop 9-23

👋 Your Thursday Scoops - Shell dumps oil & FedEx is feeling it

September 23, 2021

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Today's Scoop:Momentum

Big Picture

The government's preparing for a shutdown.
The U.S. might default on its debt for the first time.
Layoffs increased for the second week in a row.

The Market

⬆️

+1.2%

S&P 500: 4,448.98

1Mo:

-1%

| 1Yr:

+37%

| 5Yr:

+105%

Markets continued their recovery today, unconcerned with the issues that started the week. There's a big real estate company in China that can't pay its debts. Investors were worried it would pull the financial system into chaos, but those fears faded as the company met one of its payments. Layoffs increased for the second week in a row. The US might default on its debt & the government might shut down if Congress can't get along and agree to a budget resolution and debt strategy.

Company Scoops ❤🌎💰

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

Target

workers are adding 5 million hours

FedEx

is struggling to keep up

Shell

is bailing on Texas oil

Ford's

making electric moves

American Express

vs. carbon emissions

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

🤓 Inside Scoop...

The electric vehicle (EV) industry's expected to skyrocket within the next few years, which means more big batteries with hazardous waste to worry about. Auto companies will need to strategize on recycling plans and consider ways to track EV batteries throughout the vehicle's life to ensure they don't end up in the junkyard.