Job Cuts Rise - Money Weekly Newsletter from alooola®
- alooola
- Nov 17
- 2 min read
Job Cuts Rise
November 17, 2025
Job cut announcements hit 153,074 in October, the highest October total since 2003. Companies have announced 1.1 million cuts year-to-date, already 44% more than all of 2024. 1
Bitcoin has erased its 30%+ year-to-date gain, falling below $93,714 after hitting a record $126,251 on Oct. 6, as pro-crypto optimism fades and risk appetite cools. It still represents nearly 60% of the $3.2T crypto market. *2
12.41% of all credit card balances were 90+ days delinquent in Q3 2025. This is the highest 90+ day delinquency since 2011. 1
Young adults bet on sports more than any other group: 31% wagered in the past year vs. 22% of all adults. But concern is rising—47% of men under 30 now say legal sports betting is bad for society, up from 22% in 2022. 1
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alooola® is an SEC Registered Investment Adviser. Material presented is for informational purposes only, and is not meant to be advice to any individual. Talk with alooola® to see how this information may apply to you. Consider your current financial situation, tolerance for risk, and investment objectives before you invest funds in securities through alooola®. For a more complete explanation of the alooola® service, please visit www.alooola.com. Information presented, including past performance of various sectors, vehicles, and indices is not to be construed as a forecast or guarantee of future results. Actual results, performance, or events may differ materially from those expressed or implied herein, and all investments are subject to risk, including loss of principal.
Sources:
MFS - "Beyond the News"
Bloomberg - "Bitcoin Erases Year’s Gain as Crypto Bear Market Deepens"
*Past performance is not indicative of future performance
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