GeneralBearishCrypto Briefing · 3h ago7/10
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US challenger job cuts rise to 97K in May as S&P 500 futures slide on labor data
US job cuts surged to 97,000 in May according to Challenger data, triggering a decline in S&P 500 futures as markets react negatively to weakening labor market signals. The employment contraction signals growing economic uncertainty and concerns about potential recession, prompting investors to reassess risk exposure across asset classes.
