🧠 $1T wiped-out in AI tech rout / Musk $1T pay-package vote passes / 1M jobs wiped-out in 2025

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🏛️ Financial News

• Administration 🏛️ CNBC: Airlines cancel more than 700 U.S. flights as FAA-ordered shutdown cuts begin

  • CNBC: Affirm CEO says furloughed federal employees are starting to lose interest in shopping

• Jobs Report Sentiment 💼 Challenger Report: Job cuts surpass 1M; highest October total since 2003, as companies cite cost-cutting, artificial intelligence

  • NBC News: October monthly job cuts surged to a 22-year high

• Jobs Report : Private Payrolls 🏪 CNBC: Private payrolls rose 42k in October, more than expected and countering labor market fears: ADP

• Consumer : Sentiment 🛍 CNBC: Rising household debt balances point to worsening ‘K-shaped’ economic divide

  • CNBC: Consumer sentiment nears lowest level ever as worries build over shutdown

• Home Mortgages 🏡 Realtor: The typical first-time homebuyer is now 40 years old, a record high

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📊 Global Markets

• S&P 500 $VOO ( ▲ 0.89% )🌍 CNBC: Dow drops 400 points as weak consumer sentiment and tech declines hurt stocks 

• Nasdaq $QQQ ( ▲ 1.3% ) 🌐 CNBC: Nasdaq closes lower, capping its worst week since April

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: European markets rise, oil prices jump on OPEC+ decision 

• Asia Markets 🏯 Yahoo! Finance: Tech and chip stocks tumble across Asia as investors rethink the AI boom

• China Markets $MCHI ( ▲ 1.07% ) 🐉 South China Morning Post: China's exports fall 1.1% in October, hit by lower shipments to US

• Japan Markets $NIKKEI ( 0.0% )⛩️ Yahoo! Finance: Japan plans to overhaul foreign investment rules amid security concerns 

• India Markets $NSEINDIA.P ( 0.0% ) 🕌 Reuters: Indian shares post weekly losses as outflows eclipse trade, earnings optimism

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Reddit’s Top Stocks Beat the S&P by 40%

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But in the meantime, you might miss out on 224.29% gainers like Robinhood (the #6 most-mentioned stock on Reddit over the past 6 months).

Reddit's top 15 stocks gained 60% in six months. The S&P 500? 18.7%.

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_{Past performance does not guarantee future results. Investing involves risk including possible loss of principal.}

🚀 Stocks

• Healthcare : Pharma $PFE ( ▲ 0.6% ) 💊 CNBC: Trump announces deals with Eli Lilly, Novo Nordisk to slash weight loss drug prices

  • CNBC: Metsera accepts Pfizer’s $10B bid in ongoing M&A battle 

• FinTech $XYZ ( ▲ 1.46% )💳 CNBC: Block sinks 10% after weak third quarter results miss Wall Street estimates

• FinTech : Buy Now, Pay Later $AFRM ( ▼ 0.2% )💳 Investor’s Business Daily: Affirm earnings and revenue top targets amid debit card growth

• Consumer : Beauty $ELF ( ▲ 4.12% ) 💄 CNBC: E.l.f. Beauty stock plunges 29% on weak guidance, tariff impact

• Social Media $PINS ( ▼ 0.61% ) 📍 CNBC: Pinterest plunges 20% after weak results as tariffs drag on ad revenue

•  Consumer : Travel $EXPE ( ▲ 1.28% ) 🧳 Investor’s Business Daily: Expedia jumps as high travel demand powers stronger-than-expected Q3 results

• Travel : Technology $ABNB ( ▲ 0.96% ) 🏡 CNBC: Airbnb shares rise on revenue beat, stronger-than-expected forecast

• Restaurants : Fast Casual $SBUX ( ▼ 1.22% )☕ CNBC: Starbucks to form joint venture with Boyu Capital to run China business

• Restaurants : Fast Casual $YUM ( ▼ 0.61% ) 🍗 Sherwood by Robinhood: Yum! Brands is considering selling off struggling chain Pizza Hut

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🌐 Technology

• Investor Sentiment 🏦 CNBC: Today's AI boom is 'very different' from the 90s dot-com bubble

• Holding Company $SFTBY ( ▲ 5.33% ) 💼 CNBC: SoftBank stares at over $50 billion in weekly losses after stock drops 8% as investors sour on AI plays

• Technology $MSFT ( ▲ 0.4% ) 👩‍💻 CNBC: Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips 

• Semi-conductors $AMD ( ▲ 6.15% ) 🧇 SiliconANGLE: AMD beats Q3 estimates on top and bottom line, offers strong Q4 guidance

• Data Center : Hardware $SMCI ( ▲ 5.92% )🗄️ CNBC: Super Micro stock drops on slumping sales, weak earnings

• Data : Security $PLTR ( ▲ 4.14% )🛡️CNBC: Palantir tops estimates, boosts fourth-quarter guidance on AI adoption

• CNBC: Palantir CEO Karp twice slams short sellers as stock suffers worst week since April

• Autos : EV $TSLA ( ▼ 0.45% ) 🔌 CNBC: Tesla says shareholders approve Musk’s $1 trillion pay plan with over 75% voting in favor

• B2B Technology $IBM ( ▲ 0.18% ) 🌐 Rueters via Yahoo! Finance: IBM layoffs take place as tech giant cuts 3,000 and joins the AI race 

• Productivity : Communications $DBX ( ▲ 0.92% )📦 Yahoo! Finance: Dropbox Q3 earnings beats estimates, as revenues falls YoY, but shares rise

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🦾 Artificial Intelligence

• Frontier LLMs : OpenAI 🤖 CNBC: Trump AI czar Sacks says ‘no federal bailout for AI’ after OpenAI CFO’s comments

  • TechCrunch: Sam Altman says he doesn’t want the government to bail out OpenAI if it fails

  • CNBC: OpenAI signs $38B compute deal with Amazon, partnering with cloud leader for first time

• Technology $AMZN🛒 GeekWire: Amazon sends legal threats to Perplexity over agentic browsing

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

We’ll be back next Saturday morning to recap the week’s financial news.

Thanks to AltIndex for partnering!

✨ Happy Unprompting,

Rawee
[email protected]

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