White House Pressures Dimon on Card Rates

MRKT Matrix - Thursday, February 12th

• Dow drops 670 points, S&P 500 sheds 1.5% as AI disruption fears spread (CNBC)
• Cisco Tumbles After Profit-Margin Squeeze Overshadows AI Gains (Bloomberg)
• Office real estate stocks tumble as AI disruption casualties in the stock market grow by the day (CNBC)
• Trucking and logistics stocks drop on release of AI freight scaling tool (CNBC)
• ‘Old Economy’ Is Hot Again, Propelled by Data and AI Backlash (Bloomberg)
• Anthropic closes $30 billion funding round as cash keeps flowing into top AI startups (CNBC)
• The Demand for Bonds Is Insatiable. Even Risky Borrowers Are Reaping the Benefits. (WSJ)
• Jamie Dimon Must Lower Credit Card Interest Rates, Navarro Says (Bloomberg)
• Americans With Higher Incomes Are Starting to Fall Behind on Payments (WSJ)
• Home Sales in January Posted Biggest Monthly Decline in Nearly Four Years (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