TGIF! It's $4 checking in from NYC. Don't forget to turn your clocks back on Saturday night. If you have a $4, Godspeed.
Today we've got stories on $4, $4, and $4.
But first, there are some tough times ahead.
If this was forwarded to you, sign up here>$4. Download Insider's app here>$4.
1. The layoffs are coming. It's starting to get really bad out there.
The economy has been trending downward for months, but it seems the shoe we've all been waiting to drop — layoffs — is starting to come down.
On Thursday, Stripe, one of the most valuable private fintechs in the world, announced that it was cutting $4, while $4 that Morgan Stanley is expected to start conducting layoffs in the coming weeks.
That news followed reports earlier this week of cuts at $4, another buzzy fintech with $4, and $4, the crypto shop run by former Goldman Sachs partner Michael Novogratz.
And that's just in finance.
Over on the tech side, Insider is covering the mass$4. Bloomberg reports that Twitter has been hit with a class action lawsuit, $4
We've also reported about hiring freezes at $4 and $4, which was followed by Amazon announcing $4.
In other news:
2. Hedge fund results for October are in! We've got monthly returns for Citadel, Millennium, DE Shaw, Balyasny, Point72, and ExodusPoint. $4.
3. Love them or hate them, Gen Z isn't going anywhere. And whether you think it is a generation full of entitled brats or inspired revolutionaries, $4.
4. Debt financing for dummies. I've written about $4, except possibly banks, seems to $4. Bloomberg gives an inside look at how Blackstone $4.
5. UBS is emphasizing the South as part of a reorganization of its US wealth team. The unit is consolidating 34 markets into 20 as part of the efforts, Reuters reports. $4.
6. At least one bank is taking an optimistic approach to hiring. Ken Moelis, chair and CEO of Moelis & Co., said the investment bank "will be aggressive and we are going to spend," when it comes to senior dealmakers, $4.
7. If you want to help a very wealthy person figure out how to use Apple TV, boy, do I have a job for you. London-based hedge fund Rokos Capital Management has a job listing for someone to "own all home entertainment services" for a "senior member of our partnership board and their family," $4. No word yet on whether you will be required to share your Netflix password.
8. Here's how much you can get paid working at a creator-economy startup. From OnlyFans to Patreon to Cameo, we've got salary data on 20 different startups. $4.
9. PE backs the GOP. With less than a week until US midterms, private equity's largest trade group has donated a majority of its funds to Republican candidates, Axios reports. $4.
10. If your kids ask you to pick out Listenbourg on a map, they're messing with you. $4. At least they're not eating Tide Pods anymore.
Keep updated with the latest business news throughout your day by checking out $4, a dynamic audio news brief. $4
Edited by Jeffrey Cane (tweet @jeffrey_cane>$4) and Lisa Ryan (tweet $4) in New York.