About this episode

US equities rose in a quiet trading session, with Challenger Layoffs increasing due to AI-related job cuts.

US equities were higher in Thursday trading as stocks ended just off best levels. It was a fairly quiet session without much new around the major market themes. In macro news, Challenger Layoffs are up 16% month over month and 3% year over year in May with AI again cited as biggest reason for job cuts.

Topics covered

• US equities
• market recap
• Challenger Layoffs
• macro news
• job cuts
• AI impact

Keywords

• US equities
• Challenger Layoffs
• AI
• job cuts
• market themes

Mentioned in this episode

Organizations: AI

Places: US

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