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The Latest Breaking News from Block

Block Stock Just Scored a Double Upgrade From Piper Sandler. Here's Why.

Piper Sandler double-upgrades Block stock to "Overweight" and raises its price target to $100. Here’s why the investment firm recommends buying XYZ shares at the current price.

Barchart

Block Stock’s Unusual Options Activity Offers Something for Both Bulls and Bears

Block's overall options volume on Wednesday came in near its 30-day average, but five contracts stood out for unusual activity — all expiring within 15 days. They provide several affordable multi-leg setups worth considering from either side of the trade

Barchart

87,714 Jobs Have Already Been Lost This Year To AI, But Billionaire Nvidia CEO Jensen Huang Says AI Taking Jobs Is ‘Complete Nonsense’

Nvidia’s CEO is pushing back hard on the scariest AI jobs narrative, but his argument raises a different warning for workers: AI may reset what productivity is supposed to look like.

Barchart

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Around 22 million teenagers are making their pocket money on video games, online reselling, and in-game platforms like Roblox

The Gen Alpha are making money from their online hobbies and managing multiple streams of income from just 13 years old.

Fortune

Why Google's AI Chief Thinks Tech Giants Are Panicking

For months, a single fear has dominated conversations across the technology industry: will artificial intelligence replace software engineers? As layoffs continue to sweep through major companies, many workers have begun to wonder whether AI is becoming a replacement rather than a tool. But one of the most respected voices in…

MyLifeXP

Apollo chief economist says there's ‘zero evidence’ AI is killing jobs—in fact, he says it's creating them

Torsten Sløk, chief economist at Apollo, says AI will only create more jobs for human workers—even as companies tie their layoffs to the tech.

Fortune

CEOs blame AI for layoffs, but an MIT professor says it fits a long-running pattern to find a cover story. 'They've been saying that for 20 years'

Companies like Wix, Snap, and Block have all recently pointed to AI to explain cuts.

Fortune

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Kevin O'Leary Says Content Creators Are Now More Valuable Than Engineers — And Some Already Earn $500K

Shark Tank's Kevin O'Leary says social media creators in his companies now earn up to $500,000 a year as AI reshapes which skills are most valued.

International Business Times UK

Jeff Bezos rejects AI-induced job-loss fears, says the technology will ‘elevate’ workers

Amazon founder Jeff Bezos dismissed AI job loss fears, predicting it will instead create labour shortages and boost worker productivity. He argued that AI will augment human roles, not replace them entirely, enabling work at a higher level. This comes amid layoffs at the company, though Bezos claims they weren't…

The Economic Times

Block’s Pivot to Profits and AI Is Turning Heads

Block stock is gaining attention after strong earnings, rising profitability, AI initiatives, and higher guidance despite regulatory and valuation concerns.

MarketBeat

‘I didn’t want to be the guinea pig’: inside tech’s AI-fueled manager purge

Tech workers say AI-driven restructurings are eroding mentorship, support and paths to promotion across Silicon Valley

The Guardian - US

From Cisco to Block, more companies are pointing to AI when unveiling job cuts

Layoffs have been piling up recently, especially in the tech world

The Independent UK

After Major Layoffs, Block Stock Is Staging a Turnaround. CEO Jack Dorsey Says AI Is Leading the Way.

Block has staged a turnaround from its lows, driven by layoffs, to create more space for AI.

Barchart

'Stop Hiring Humans' Campaign Returns to San Francisco — Why the City That Built AI Is No Longer Laughing

A plane carrying Artisan's 'Stop Hiring Humans' banner flew over San Francisco as AI-driven layoffs at Pinterest and Block turn a viral marketing stunt into a symbol of real workforce anxiety.

International Business Times UK

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The Conversation

Meta and Microsoft have joined the tech layoff tsunami. Is AI really to blame?

Meta and Microsoft are the latest software companies to announce big cuts to their global workforce. Both companies are also making big investments in artificial intelligence (AI).

Barchart

Here's What to Expect From Block's Next Earnings Report

Block is set to deliver its first-quarter results next month, and analysts project double-digit earnings dip.

The Independent UK

Facing the death of its dominant newspaper, Pittsburgh media has surprising turnaround

Things looked bleak for media in Pittsburgh until a stunning turnaround

The Independent UK

After facing the death of its dominant newspaper, Pittsburgh's media has a surprising turnaround

Things looked bleak for media in Pittsburgh until a stunning turnaround

Get all your
news in one place.

100's of premium titles.
One news app.

Fortune

Twitter cofounder Jack Dorsey breaks down his thought process when he laid off 40% of his Block staff because of AI

Jack Dorsey, CEO of Block, laid off 40% of his staff after working out the “minimal number of people” to run his $41 billion fintech company.

Fortune

Online response to the attack on Sam Altman's house shows a generational divide

Gen Z is furious about AI, and so is the American countryside.

Fortune

‘It tastes like a Twinkie’: Major tech podcaster Kara Swisher says AI is overhyped for one simple reason—humans don’t like it

Fears about AI’s transformation of the job market may be overblown, according to veteran journalist Kara Swisher—and it’s all thanks to a growing desire for something real.

International Business Times UK

Goldman Sachs Layoff Warning: Tech Workers Being Displaced by AI Face Pay Cuts and Longer Job Hunts

Goldman Sachs warns AI layoffs may cut tech workers' pay and extend job searches, as automation reshapes the technology workforce.

The Guardian - US

Tech companies are cutting jobs and betting on AI. The payoff is far from guaranteed

AI experts say we’re living in an experiment that may fundamentally change the model of work

Fortune

Jack Dorsey and Roelof Botha think AI can make middle management obsolete

The Silicon Valley execs want companies to function as a “mini artificial general intelligence,” and leave traditional corporate hierarchy behind.

International Business Times UK

Oracle Layoff Cuts Ties With 30,000 Workers, Separation Pay Falls Short of Industry Standards

Oracle's global layoffs are affecting 30,000 employees, with US staff facing minimal severance. Explore how these changes align with Oracle's AI expansion strategy and broader organizational shifts.is

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Sebastian Siemiatkowski

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