Meta Cuts Metaverse Spending

MRKT Matrix - Thursday, December 4th

• S&P 500 is little changed as investors look to rate decision next week (CNBC)
• Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says (CNBC)
• Americans head to dollar stores as affordability crunch pinches consumers (FT)
• Meta’s Zuckerberg Plans Deep Cuts for Metaverse Efforts (Bloomberg)
• Alphabet’s AI Chips Are a Potential $900 Billion ‘Secret Sauce’ (Bloomberg)
• Paramount Raises Concerns About Netflix’s Bid for Warner Bros. Discovery (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