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- 🔍Scoops Spotlight
Hey friends - August is here. Start leaving work early.
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
It was a busy week of news with mixed messages. Most companies are avoiding layoffs, and corporate profits continue to rise. There's also fresh momentum for student loan benefits at work, and a flurry of new trade deals with other nations that could boost American energy and manufacturing while driving prices higher. Inflation has started picking up again, and the Fed isn't ready to lower borrowing costs.
The biggest shift of the week came with the jobs report this morning. The Labor Department revised the last two months of hiring way down, and July's new job count came in well below what's considered normal for a healthy economy. Outside of health care, most industries barely added new roles.
The market has been climbing on confidence that the economy has been resilient to the uncertainty around trade and tariffs, and fairly steady hiring has been a foundational data point for that confidence. This morning, the Labor Department’s revisions pulled the rug out from under those assumptions. It was one of the biggest revisions I’ve seen in a while. I don’t know why the initial numbers were so off, maybe because of resource/staffing cutbacks at the agency. Who knows. But, in a moment, everyone went from thinking we’ve had a few months of solid hiring and a steady economy to three months of some of the weakest hiring we’ve seen in years.
This perception shift, matched with the August 1st deadline for trade talks, will mark a change in the narrative of the economy as all of this proposed restructuring of our global economy starts to get real.
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 Boeing Company 👍 27% 👥 42% | 🌏 42% | 💰 44% | Strike Looms Boeing is bracing for a strike at its St. Louis defense hub after union workers rejected a contract offering a 20% wage boost over four years. The planemaker has activated its contingency plan, setting the stage for potential disruptions in fighter jet production if negotiations stall. |
 United Airlines Holdings, Inc. 👍 40% 👥 51% | 🌏 49% | 💰 52% | Offer Rejected United Airlines flight attendants voted down a new labor contract that included immediate raises of at least 26% and other quality-of-life improvements, with 71% of eligible voters rejecting the deal. The rejection comes after years of sacrifice and hard work by flight attendants, who have not had a raise since 2020 and are seeking better pay and working conditions. |
 Union Pacific Corporation 👍 67% 👥 100% | 🌏 100% | 💰 100% | Railroad Empire Union Pacific is acquiring Norfolk Southern in an $85 billion deal, creating America's first coast-to-coast rail network spanning 50,000 miles and 43 states. The merger would put two-fifths of rail freight in the hands of one company, raising concerns about reduced competition in the industry and requiring a regulatory review. |
 Amazon.com, Inc 👍 70% 👥 39% | 🌏 44% | 💰 67% | AI Content Deal Amazon will pay the New York Times at least $20 million a year to license its content for AI model training and feature summaries in its products and services. This deal marks a significant step in the growing trend of AI companies licensing news content from publishers, with potential implications for the media industry's revenue streams and content distribution. |
 Robinhood Markets, Inc. 👍 40% 👥 52% | 🌏 50% | 💰 53% | Crypto Boost Robinhood reported a 45% surge in revenue last quarter thanks to a jump in fees from cryptocurrency trading. The trading platform has continued to expand into new areas such as tokenized finance and sports betting. |
Dig into more scoops and vote on company approval ratings in the Scoops app!
❔ The Big Question of the Week
Are you comfortable with social media platforms selling your data to train AI systems? |
Challenge your perspectives and learn from the community voting on the Scoops app!
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