Core Viewpoint - Jack Dorsey, CEO of Block, emphasizes that artificial intelligence (AI) is already transforming the workforce and company operations, leading to significant job cuts as the company plans to reduce its workforce by over 4,000 employees, nearly half of its total [2][3][4]. Group 1: Company Actions and Market Reactions - Block is set to cut over 4,000 jobs to integrate AI into its operations, marking a significant shift in its workforce strategy [3][6]. - Following Dorsey's announcement, Block's shares experienced a sharp increase, indicating that the market is rewarding companies that view AI as a fundamental driver of change rather than a mere experiment [3][6]. - The company is among the most prominent to explicitly cite AI as the primary reason for job reductions, contrasting with other firms that may view it as a secondary efficiency gain [6]. Group 2: Industry Trends and Economic Implications - AI-related layoffs have surpassed 61,000 globally since November, with major companies like Amazon and Pinterest also announcing cuts linked to AI [6]. - A report from Citrini Research predicts that unemployment could rise to 10.2% by 2028 due to rapid displacement in sectors such as software and logistics, raising concerns about the broader economic impact of AI [9]. - Morgan Stanley's analysis shows a growing number of companies reporting measurable benefits from AI adoption, with 21% of S&P 500 companies noting at least one quantifiable advantage, up from 15% in the previous quarter [10][11]. Group 3: Perspectives on AI's Role in the Workforce - Dorsey warns that most companies are lagging in their AI adoption and will soon face similar challenges, advocating for proactive rather than reactive approaches to AI integration [4][5]. - There is a growing debate among executives and economists about whether AI serves primarily to enhance worker productivity or to enable companies to operate with fewer employees [5][9]. - ECB President Christine Lagarde noted that while AI is currently increasing productivity, the anticipated waves of job redundancies have not yet materialized, suggesting a cautious approach to the implications of AI on the labor market [12].

中经记者 慈玉鹏 北京报道 中国人民银行联合国家金融监督管理总局近日发布我国系统重要性银行名单。据公示，为构建覆盖全面 的宏观审慎管理体系，强化系统重要性金融机构监管，监管开展了2025年度我国系统重要性银行评估， 认定21家国内系统重要性银行。 值得注意的是，此次共有5家城商行入围。《中国经营报》记者采访了解到，入围的中小银行将通过满 足更高的监管标准，全面提升自身稳健经营水平和市场竞争力，未来或会有更多符合条件的头部中小银 行进入名单。 目前，我国金融系统性监管框架已基本建立。系统重要性银行评估是宏观审慎管理的重要支柱，但其效 力的充分发挥，有赖于一个涵盖识别、监测、处置的全链条、多维度监管体系的持续建设与优化。 面临更高监管要求 长三角科技产业金融研究联盟秘书长陆岷峰指出，入围银行也将面临更严格的恢复与处置计划（RRP） 要求，包括制定详尽的"生前遗嘱"，这对于其公司治理、风险管理和数据治理能力提出更高的要求。 为把控风险，入围银行的经营行为将受到更严密的审视。陆岷峰告诉记者，作为金融体系的"关键节 点"，其业务规模、复杂性、关联性和可替代性均被置于放大镜下。监管机构会对其大额风险暴露、同 业业务、交叉 ...

SummaryCompaniesUniCredit did not exit Russia after Ukraine war beganIt brought court case over ECB's order it quits RussiaFiled request to drop the case after interaction with ECBMILAN, Feb 27 (Reuters) - Italy's UniCredit (CRDI.MI), opens new tab in January withdrew an appeal lodged with the European Union General Court against a European Central Bank request that it exit Russia, a document published on Friday showed.The ECB formally warned UniCredit about Russia-related risks in April 2023, following up ...

Key Takeaways Rocket Companies Q4 EPS of 11 cents beat estimates as revenues jumped 52% y/y.RKT posted $47.3B in closed loan originations and $41.6B in rate lock volume.Rocket Companies announced a three-year alliance with Compass to expand housing reach.Shares of Rocket Companies, Inc. (RKT) gained 8.1% in the after-market hours, following the release of its fourth-quarter and 2025 results. Adjusted earnings per share of 11 cents surpassed the Zacks Consensus Estimate by a penny. The bottom line grew signi ...

Barclays is looking to build a blockchain platform that could handle stablecoin payments and tokenized deposits, Bloomberg reported Friday (Feb. 27), citing unnamed sources.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins re ...

Barclays is looking to build a blockchain platform that could handle stablecoin payments and tokenized deposits, Bloomberg reported Friday (Feb. 27), citing unnamed sources.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins re ...

Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) is set to announce fourth-quarter financial results Saturday (Feb. 28), its first earnings release in decades without legendary investor Warren Buffett serving as CEO.Here's what investors should know about the report and what could be ahead for the company.Berkshire Q4 EstimatesAnalysts expect the conglomerate to report fourth-quarter revenue of $92.91 billion, down from $94.92 billion a year earlier, Benzinga Pro data show. The company has beaten revenue estimat ...

Goldman Sachs Stock Tests Key Support. A Breakdown Could Pressure the Market. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# All Eyes on Goldman Sachs as Key Support WobblesBy [Doug Busch]ShareResize---ReprintsIn this article[SPX][GS]Goldm ...

Key Takeaways ASB posted 3.1% revenue CAGR over five years, primarily driven by its transformation strategy.Total loans rose 5% to $31.2B in 2025, while NIM expanded to 3.03%.ASB's acquisition of American National aims to boost loans and deposits in growth markets.Associated Banc-Corp (ASB) is accelerating revenue growth through a focused business transformation strategy centered on organic and inorganic expansion, balance sheet optimization and strategic restructuring. Reflecting these efforts, its total r ...

Core Insights - Jeremy Szafron has joined Kitco News as an anchor and producer, bringing a wealth of experience in journalism, particularly in finance and commodities [1][5] Group 1: Career Background - Jeremy began his journalism career in 2006 at CTV, initially focusing on entertainment before transitioning to business reporting, particularly in mining and small-cap sectors [2] - He gained recognition for his macro-financial and market trends analysis, becoming a sought-after commentator on CTV Morning Live and CTV News Network [2] - A significant highlight of his career was covering the 2010 Vancouver Olympic Games, which led to the development of an online video news program for PressReader, a digital newsstand with 8,000 editions in 60 languages [3] Group 2: Digital Media Ventures - In 2012, Jeremy launched The Green Scene Podcast, which quickly attracted over 400,000 subscribers and positioned him as a prominent voice in the cannabis industry [4] - Following this success, he established Investor Scene and Initiate Research, platforms that provide exclusive market insights and deal-flow opportunities in mining and Canadian small-cap markets [4] Group 3: Professional Expertise - Jeremy has experience as a market strategist and investor relations consultant for various publicly traded companies across mining, energy, consumer packaged goods (CPG), and technology sectors [5] - He holds a BA in Journalism from Concordia University, which has supported his diverse career trajectory [5]