Welcome to Markets Desk, here is what is moving right now.
Squarespace is cutting nineteen percent of its workforce, with founder and CEO Anthony Casalena confirming the layoffs fall heaviest on product and engineering teams. Casalena framed the restructuring around building what he called more player coaches, signaling a leaner, more hands-on management structure as the company sharpens its cost profile.
Shifting to markets, Micron Technology caught a bid after Elon Musk posted on X that humanoid robots will eventually require more memory than every other application on Earth combined. Shares jumped roughly two and a half percent on the remark. With Micron already riding a wave of AI-driven chip demand, the timing landed well for investors looking for a near-term catalyst.
And on the macro front, a new Financial Times poll shows a large majority of American voters disapprove of how President Trump is handling inflation. The data lands at a politically sensitive moment, underscoring how persistently elevated prices remain the defining kitchen-table issue for households, and a pressure point that neither party has fully resolved heading into the next electoral cycle.
That's the tape. Markets Desk, signing off the floor.
