Automakers Scale Back EV Plans

MRKT Matrix - Wednesday, October 15th

• S&P 500 edges higher in another volatile session, Bank of America rallies on earnings (CNBC)
• Wall Street Banks Notch $15 Billion Trading Haul on Stock Rally (Bloomberg)
• The Nation’s Biggest Banks Are Saying the Economy Is Still Strong (WSJ)
• Treasury Secretary Bessent says a stock market decline won’t deter the U.S. from taking strong action against China (CNBC)
• Fed’s Miran sees China trade tensions as a further reason for quick interest rate cuts (CNBC)
• Tariffs are pushing prices higher and consumers are feeling the hit, Fed’s Beige Book shows (CNBC)
• Tesla demand in focus after Trump policies lead GM, Ford to retreat from EV ambitions (CNBC)

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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