According to @lisaabramowicz1, U.S. companies announced the most October job cuts in more than two decades, based on Challenger, Gray & Christmas figures reported by Bloomberg. According to Challenger, Gray & Christmas as cited by @lisaabramowicz1 and Bloomberg, AI adoption, softening consumer and corporate spending, and rising costs are driving belt-tightening, hiring freezes, and layoffs.

According to Lisa Abramowicz, about 85% of S&P 500 companies that have reported Q3 2025 earnings have surpassed profit estimates, the highest proportion in more than four years. Source: Bloomberg via Lisa Abramowicz on X. This indicates stronger-than-expected corporate profitability among the firms that have reported so far in Q3 2025. Source: Bloomberg via Lisa Abramowicz on X. Bitcoin and other crypto assets have exhibited increased co-movement with US equities in recent years, suggesting that positive US earnings cycles can influence crypto market sentiment and flows. Source: IMF Global Financial Stability Report 2022. Traders watching BTC and ETH can monitor S&P 500 futures and cross-asset momentum during the Q3 earnings window given the documented equity-crypto co-movement. Source: IMF Global Financial Stability Report 2022.