The Economy

I notice the Dow, NASDAQ , and S&P 500 all took a beating today - especially the NASDAQ.

I wonder if the predicted October correction (crash) was delayed by a month due to a lack of government reporting???

🤔

We. Told. Them. So.

🌷
 
October was the worst for layoffs in 20 years.

Last month was the worst October for layoff announcements since 2003 as companies slashed roles to save money, pared back pandemic-era hires, and planned ahead for artificial intelligence, according to the global outplacement firm Challenger, Gray & Christmas.

Employers announced 153,074 cuts last month, compared to 55,597 cuts in October 2024. Last month’s figure was “the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,” Andy Challenger, chief revenue officer for Challenger, Gray & Christmas, said in a report Thursday.

Challenger found that for the year through October, employers had announced 488,077 planned hires compared to the 750,333 announced at the same point in 2024 — marking the lowest year-to-date total since 2011. Announced seasonal hiring plans through October were also at their lowest in Challenger’s data dating back to 2012.
 
The felon 🤡 is just asking for bribes on live TV nowadays.

"Trump was sitting at his desk in the Oval Office surrounded by health officials from his administration, as well as executives from pharmaceutical companies Novo Nordisk and Eli Lilly. When a reporter asked the president about Novo Nordisk’s acquisition of an obesity biotech company, Trump quipped to CEO Maziar Mike Doustdar, “Maybe you should give us a piece of the company like I’ve been asking for, give the United States a nice big chunk of the company.”
 
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