In October, the final PMI value of Markit manufacturing in the United States was 50.4, expected to be 49.9, and the previous value was 49.9.
PMI data came out higher than expected. It immediately caused a sell-off on the $SPDR S&P 500 ETF (SPY.US)$. This economic data is showing that inflation is not slowing like the Fed would like. Also the market was expecting a lower number as several regional PMI numbers have come in lower. So this was a big surprise. Now ...

$Tesla (TSLA.US)$ Elon Musk’s plans for $Twitter (Delisted) (TWTR.US)$ involve slashing its staff by nearly 75% in a matter of months, according to documents obtained by the Washington Post.
Musk, whose $44 billion purchase of the social network is set to close by Oct. 28, would reduce Twitter’s staff to just more than 2,000 people, compared with the 7,500 it currently employs, the Post reported, citing Musk’s comments to prospective investors. ...