Friday☕️

Trending:

• US Debt Ceiling
• Layoffs

Stocks/Economy:

• More than 5 million new business applications were filed in 2022, according to the US Census Bureau.
• Yesterday's US market performance:

• Treasury Secretary Janet Yellen has declared that the US has hit its $31.4 trillion federal debt limit.
• If the government does not solve the issue, the US could default on its debt.

Crypto:

• Yesterday's market data:

• FTX CEO John Ray stated FTX could restart operations.
• SBF responded ⬇:

• Sam Bankman-Fried has pleaded not guilty to all accounts of FTX fraud charges.
• The trial is set for October 2, 2023

Layoffs:

• Capital One cut 1,100 tech positions.
• Microsoft announced plans to cut 10,000 employees Wednesday.
• Amazon began a round of layoffs that will impact 18,000 people.
• The Tech sector lost more than 154,000 jobs in 2022 and has already cut around 37,500 this year.

Business:

• Netflix CEO Reed Hastings is giving up the CEO role but will remain chairman.
• Twitter listed 631 items from its San Francisco headquarters in a virtual auction that concluded yesterday.
• Disney announced plans to release two Marvel films in China in February, lifting a three-year ban imposed by Chinese censors that resulted in significant financial losses for the studio.

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