200,000 Wall Street Jobs May Be Slashed By AI

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.
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.
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.
Stocks Drop After Jobs Report Shows Hot U.S. Labor Market—Here’s Why
Yields for the 10-year Treasury shot up Friday to their highest level since 2023, putting pressure on stock valuations.
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