200,000 Wall Street Jobs May Be Slashed By AI

200,000 Wall Street Jobs May Be Slashed By Artificial Intelligence
The financial services sector is facing disruption as AI technologies threaten to displace a considerable share of its workforce.
December jobs report has Wall Street starting to talk about rate hikes in 2025
A hot December jobs report has many strategists confident the Federal Reserve will hold off on further interest rate cuts for now. And some on Wall Street think this report may have even cracked the door open for the Fed to consider rate hikes in 2025.
Wall Street ends lower as blowout job data spooks traders
U.S. stocks sold off on Friday, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year.
Blowout Jobs Report Fuels Wall Street Fear of ‘Lose-Lose’ Market
It wasn’t supposed to be this way. With the economy booming, a friendly Federal Reserve at its back and Donald Trump headed to the White House, Wall Street saw nothing but upside as the calendar turned.
Wall Street job losses may top 200K as AI replaces roles
But AI will not eliminate them fully, rather it will lead to workforce transformation.” Nearly a quarter of the 93 respondents predict a steeper decline of between 5% and 10% of total headcount. The peer group covered by BI includes Citigroup,
200,000 people to lose jobs? Back office, operational roles at Wall Street at risk as AI takes over
The rise of artificial intelligence is anticipated to eliminate 200,000 jobs at Wall Street banks in the coming years, particularly in back office positions.
Wall Street Sees Risks for Stocks in the Jobs Report
How important are rate cuts to the bull case on equities? It's a pressing question for investors in risky assets, who've lately struggled to ignore the bond market's agitated reaction to inflation risk.
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Stock futures slide as Wall Street braces for Friday's jobs report: Live updates
The moves come as Wall Street is gearing up for December's nonfarm payrolls reading, which is scheduled to come out at 8:30 a ...
BofA bets on a potential Fed rate hike after jobs report, top Wall-St brokers revise forecasts
Top Wall-Street brokerages revised their Fed rate cut forecasts, after a blow-out U.S. jobs report on Friday, with BofA ...
The high and low Wall Street forecasts
Citigroup lands in a familiar place with the gloomiest of the Wall Street forecasts for jobs: it's forecasting 120,000 jobs, the unemployment rate to rise to 4.4% and a 0.2% rise in average hourly ...
Wall Street recoils after good news on the economy raises inflation worries
U.S. stocks dropped on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and ...
Stock market today: Wall Street holds firmer following Tuesday’s slide
U.S. stock indexes held firmer and finished mixed a day after strong reports on the economy stirred up worries that inflation ...
After hotter-than-expected jobs report, Fed funds futures show higher chance of Fed pausing rate cuts next few months
Friday’s hotter than expected jobs report spurred traders in the federal-funds futures markets to price in a higher probability that the Federal Reserve will maintain its benchmark interest rate at ...
Wall Street's fear gauge hits three-week high as stocks selloff on hot jobs data
The Cboe Volatility Index (VIX) - widely seen as Wall Street's fear and volatility gauge - soared about 9% on Friday to a ...
Stock market today: Wall Street recoils after good news on the economy raises inflation worries
U.S. stocks are recoiling on worries that good news on the job market may prove to be bad for Wall Street by keeping ...