Banking Sector Worries Drag Stocks Lower
Episode 352
MRKT Matrix - Thursday, October 16th
- Stocks fall as fears about bad loans in banking industry grow (CNBC)
- Regional banks, Jefferies shares tank as concerns about sour loans grow on Wall Street (CNBC)
- Oil Prices Drop to the Lowest Level in Nearly Five Years (WSJ)
- Retail traders’ incredible support of the stock market continues with biggest options volume day ever (CNBC)
- Credit-Card Data Show Softer US Retail Sales as Shutdown Delays Report (Bloomberg)
- Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says (CNBC)
- OpenAI Says Oracle Helping Handle Chip Export Controls (Bloomberg)
- Why Cloud Profits Are Collapsing in the Chip Arms Race (The Information)
- AI Data Centers, Desperate for Electricity, Are Building Their Own Power Plants (WSJ)
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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
Published on 2 months ago