BREAKING: Amazon is planning to lay off approximately 10,000 employees in corporate and technology jobs starting as soon as this week – New York Times
Disney plans hiring freeze, layoffs and cost cuts, according to a memo from CEO Bob Chapek
Nasdaq adds 1.9%, S&P 500 closes nearly 1% higher and notches best week since June
Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy
With the CPI not as bad as expected the market now expects for rate hikes to start easing. However, the Fed said it won’t ease on rate hikes until inflation has come back down to a normal level of about 2%
This shows signs of a slowing economy
Even with weak earnings the underlying price rose.
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