Stocks tumble on weak labor market data and AI concerns
CNN
US stocks were lower Thursday, continuing a recent patch of volatility, as Wall Street grappled with persistent nerves about artificial intelligence and economic data showed the labor market weakened over the past two months.
Gold has been considered a store of value for thousands of years. In 2026, it’s been trading more like a meme stock than a safe haven.
Anthropic’s Cowork AI assistant sent shockwaves through Wall Street this week over concerns it could replace specialized software packages, such as for legal or financial analysis. Now Anthropic is improving the model behind that tool to make it better for office and coding work.
US stocks were lower Thursday, continuing a recent patch of volatility, as Wall Street grappled with persistent nerves about artificial intelligence and economic data showed the labor market weakened over the past two months.
Bitcoin is acting weird. The world’s most famous cryptocurrency has tumbled 44% from its October peak, falling below $70,000 Thursday for the first time in 15 months.
In a speech at the World Economic Forum last month, Ursula von der Leyen, head of the European Union’s executive body, repeatedly stressed the bloc’s need for “independence.”
Mass layoffs outlined by the likes of Amazon and UPS meant last month was the worst January for job cut announcements since the Great Recession, new data showed Thursday.
The car repo business is booming as Americans fall behind on their increasingly expensive car payments.
Athletes on the podium at the Winter Olympics in Italy this month will be awarded the most expensive medals in the history of the Games, thanks to soaring precious metals prices.
Washington Post owner Jeff Bezos remains committed to the publication, its top editor told CNN in an interview Wednesday, hours after the Post laid off hundreds of employees.
The US Equal Employment Opportunity Commission is probing Nike in response to unspecified allegations that the company discriminates against White employees, the agency said Wednesday.
“Reclaiming my time” made a comeback Wednesday – and with it, Rep. Maxine Waters added a new, made-for-TikTok tag: “Can you shut him up?”
The Washington Post laid off about one in three employees across the company Wednesday morning, dealing another big blow to a newsroom that has reached a breaking point.
Pizza Hut is closing hundreds of locations across the United States while its parent company continues a strategic review of the embattled brand.