Big Tech Profits vs. AI Startup Losses

MRKT Matrix - Thursday, November 13th

• Dow drops more than 800 for worst day in over a month (CNBC)
• Markets no longer view the December rate cut as a sure bet, with Fed officials casting doubts (CNBC)
• New foreclosures jump 20% in October, a sign of more distress in the housing market (CNBC)
• October Jobs Report to Skip Unemployment Rate, Hassett Says (Bloomberg)
• Verizon to Cut About 15,000 Jobs (WSJ)
• Companies Begin to See a Return on AI Agents (WSJ)
• Big Tech’s Soaring Profits Have an Ugly Underside: OpenAI’s Losses (WSJ)
• Wall Street cools on Oracle’s buildout plans as debt concerns mount: ‘AI sentiment is waning’ (CNBC)
• Microsoft to Use OpenAI’s Custom Chip Work to Help In-House Effort (Bloomberg)
• Zuckerberg Weighs Ideas for Too Many AI Data Centers (Bloomberg)
• Waymo Launches Driverless Robotaxis on Freeways in First for US (Bloomberg)

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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