Wall Street Expected to Shed 200,000 Jobs

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.
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.
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 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.
AI Could Replace 200,000 Jobs on Wall Street, According to a New Report. These Are the Jobs Most at Risk.
A new report shows that company executives plan to cut 3% of their workforce in the next three to five years because of AI.
Wall Street Expected to Shed 200,000 Jobs as AI Erodes Roles
Global banks are expected to cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.
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.
AI to replace 200,000 bank jobs globally in the next few years
Artificial intelligence is coming for the banks, and it’s not stopping at the doors. Over the next three to five years, up to 200,000 jobs in the banking sector could disappear as AI systems take over tasks currently done by humans,
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.
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 ...
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 ...
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Wall Street Braces for Jobs Jolt as Stocks Churn: Markets Wrap
Stock traders refrained from making big bets, with the market set to close on the eve of Friday’s jobs report. Treasuries ...
Wall Street 'fear gauge' at 3-week high as stocks sink
Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following ...
US Stocks Tumble From Jobs Report and Ongoing Inflation Fears
The S&P 500 dipped 0.8 percent, the Dow Jones dropped 267 points and the Nasdaq composite was down 1.1 percent Friday morning.
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Wall Street recoils after good news on the economy raises inflation worries
U.S. stocks fell Friday on worries that good news on the job market may be too good and prove to be bad for Wall Street by ...
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 ...