Why Is Rivian Cutting About 600 Jobs?

MRKT Matrix - Thursday, October 23rd

• S&P 500 rebounds, making up Wednesday’s loss and then some (CNBC)
• U.S. Oil Sanctions Strike at Russia’s Economic Lifeline (WSJ)
• Lower mortgage rates push home sales up in September, but prices still stubbornly high (CNBC)
• Wall Street Bonuses Poised for Record as Bank Profits Surge (Bloomberg)
• OpenAI buys AI startup that built interface for Apple computers (CNBC)
• Rivian to Lay Off More Than 600 Workers Amid EV Pullback (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