For: November 2, 2026
>>Watching Wall Street
(New York, NY) -- The opening bell rings this morning as the first day of November trading gets underway after stocks closed sharply lower on Friday. That followed a major sell-off related to AI stocks. Amazon shares fell after the company reported earnings for the third quarter that came in short of projections. Intel also saw shares slide after posting a weak outlook for this quarter. At the closing bell, the Dow Jones Industrial Average lost 572 points to 51-770. The S&P 500 dropped by 140 points to 75-80. The Nasdaq fell by 747 points to 25-437.
>>Noteworthy Economic Reports
(Undated) -- Coming up in the business week ahead, jobs will be the headline story. The Job Openings & Labor Turnover Survey, or JOLTS report, is due out Tuesday, followed by the ADP employment report the following day. Weekly jobless claims come out Thursday and the always-closely watched monthly employment report is scheduled for release Friday. Most analysts are expecting at least 55-thousand new jobs were added in October, compared to the 29-thousand seen the month prior.
>>Investors Pull Billions In Funds From Binance After Hack
(Undated) -- Investors have pulled over three-billion dollars in funds from the cryptocurrency exchange Binance. The platform was the target of a six-point-three billion dollar theft on Thursday, which has been called the biggest theft in history. Experts identified North Korea as the possible suspect. Binance initially froze withdrawals as it investigated the hack but on Sunday announced it had started a phased reopening. By Sunday afternoon the platform had processed four-point-six billion dollars in withdrawals and one billion dollars in deposits.
>>SpaceX Says 2M Shares To Be Gifted To Children's Trump Accounts
(Starbase, TX) -- SpaceX President Gwynne Shotwell says more than two million of the company's shares will be distributed to eligible children through "Trump Accounts." Shotwell announced in a post on X the initial gift of shares will go to children aged 11-to-17 living in ZIP codes with a median family income of 57-thousand dollars or less. Children living in ZIP codes with too few residents for median family income data to be reported will also be eligible. She said eligible families should receive a notice by Monday. A separate gift is expected to be finalized in coming weeks for eligible children in military families serving overseas, children in foster care and children whose family income is 90-thousand dollars or less, living in eligible Texas counties.
>>Alaska Airlines To Lay Off 200 Employees
(Seatac, WA) -- Alaska Airlines is laying off about 200 non-union employees, citing rising costs and a challenging operating environment. The airline says the cuts are tied to volatile fuel prices and broader geopolitical pressures, with employees expected to finish work November 13th. The layoffs come after Alaska Air Group reported a 147-million-dollar loss in the third quarter, marking its third consecutive quarterly loss.
am
