Surge in Corporate Layoffs and Labor Market Impact

MRKT Matrix - Thursday, November 6th

• Dow slides 400 points as AI stocks resume their decline, Nasdaq falls 2% (CNBC)
• Stocks making the biggest moves midday: Brighthouse Financial, Duolingo, Datadog, Snap & more (CNBC)
• US Companies Announce Most October Job Cuts in Over 20 Years (Bloomberg)
• Homebuilders Bet on 1% Mortgage Rates to Wake Up US Buyers (Bloomberg)
• Builders Are Offering Mortgage-Rate Discounts. Home Buyers Aren’t Biting. (WSJ)
• Flight-Cancellation Plans Prompt Scramble Across Travel Industry (WSJ)
• Why Thanksgiving turkey prices might give shoppers a shock this season (CNBC)
• Lilly, Novo to Lower Obesity Drug Prices in Deal With Trump (Bloomberg)
• Sam Altman says OpenAI will top $20 billion in annualized revenue this year, hundreds of billions by 2030 (CNBC)
• Ford Considers Scrapping Electric Version of F-150 Truck (WSJ)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs