- Hopes for EU budget accord at February summit
- Waiting to see what Cameron will call for in speech
- ‘Major crisis’ avoided in the euro zone
- EU-27 accord needed on any requests by UK
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FTDR's 6.8% sales growth & 13x P/E raise flags; NWBI's 4.2% revenue growth & 0.9x P/B lag peers; BOOT's 13.7% growth & 25.9x P/E eyed.
October job cuts hit 22-yr high (153K!) on cost cuts & AI fears. Recession vibes rising for traders.
US private payrolls rose 42K in Oct, beating forecasts. Annual pay up 4.5%. Fed sees modest growth, not enough to shift narrative.
Oct layoffs hit 153K+, up 175% YoY! Tech & retail lead cuts amid AI adoption & spending slowdown. Fed watches closely.
Oil prices dip on supply glut fears & weak US demand. Brent at $63.13, WTI at $59.20. Traders eye inventory builds.
Crypto stocks tumble 7%+ on macro fears & job cuts. Robinhood down 7%, Coinbase 6%. Bitcoin dips 2%, ETH 3.6%. Legislation stalled.
Tech stocks slide on AI bubble fears; DDOG soars on earnings beat, DASH dumps on missed estimates. Watch valuations!
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