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Hey friends - happy Friday! Get out and enjoy the peak weekends of summer.
Welcome back to the weekly Scoops Spotlight, where we’ll serve up a little summary of the week with the company scoops that got the most community reactions.
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🌎 The Big Picture
This week was pretty good if you ignore the looming risk of tariffs driving up the cost of everything. That’s pretty much what investors are doing, which is driving the stock market to new all-time highs.
The June inflation report released this week wasn't ugly, but it was the first tangible signal that tariffs have started impacting prices. While price increases accelerated last month, roughly three times faster than in May, investors still seem complacent in the expectation that the White House will back down from its aggressive tariff threats. Investors also hope that declining gas prices and stalling housing prices will help to offset the tariff-driven inflation on various products.
Layoffs are low, and consumers are still spending, even though things are getting a little more expensive. The first week of second-quarter financial updates was pretty encouraging. We got strong results from most of the big banks, which are good bellwethers of the economy and have their fingers on the pulse of the financial health of consumers and businesses. Executive teams are cautious about the potential risks ahead, but reported that companies and households are in pretty solid shape.
Another top story of the week was President Trump putting more pressure on the Federal Reserve.
Here’s why that’s important:
@augustuschristensen why are the big banks pushing back on Trump? Fed independence
How are you feeling about the economy? |
Get the full breakdown of all the trends affecting your home, wallet, and career in the new Weekend Scoop on the Scoops app!
🏭 The Companies Everyone’s Talking About
 The Coca-Cola Company. 👍 49% 👥 55% | 🌏 47% | 💰 48% | Sugar Shift Coca-Cola will start using real cane sugar in its US products, according to President Donald Trump, who claims to have brokered the shift. The move marks a significant change for the beverage giant, which has used high fructose corn syrup in its US products since the mid-1980s. |
 Starbucks Corporation 👍 64% 👥 49% | 🌏 49% | 💰 52% | Office Mandate Starbucks is requiring corporate employees to work from the office four days a week, starting in October. Senior leaders and managers will need to relocate to Seattle or Toronto within 12 months or accept buyouts. The move is part of CEO Brian Niccol's cost-saving plan, following the company's layoff of 1,100 corporate workers in February. |
 General Motors Company 👍 63% 👥 54% | 🌏 54% | 💰 53% | Production Pause GM's pickup-truck plant in Mexico has paused output for several weeks, affecting production of top-selling Silverado and Sierra models, with the company citing optimization of production as the reason. The downtime is unusual for a factory that makes GM's most popular models, and comes as the company navigates the impact of the trade war on its supply chains and factory work. |
 Alphabet Inc. 👍 67% 👥 53% | 🌏 55% | 💰 61% | Stronger Grid Google will invest $25 billion in data centers and AI infrastructure across the largest US electric grid, covering 13 states, modernize two hydropower plants in Pennsylvania, and purchase hydroelectric power from Brookfield Asset Management. The tech giant aims to improve the power grid that's struggling to meet rising electricity demand from its data centers. |
 Apple, Inc 👍 68% 👥 58% | 🌏 57% | 💰 69% | Rare Earths Apple plans to partner with MP Materials to develop a rare earth magnet recycling line, as part of its $500 billion infrastructure investment in the US The tech giant aims to strengthen its supply of rare earth materials in the US, reducing dependence on China and supporting hundreds of millions of Apple devices. |
Dig into more scoops and vote on company approval ratings in the Scoops app!
❔ The Big Question of the Week
Are you good about recycling? |
Challenge your perspectives and learn from the community voting on the Scoops app!
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