Tag: The Wall Street Journal

AIBusinessTechnology

Meta Cuts AI Jobs While Seeking “AI Native” Talent

Meta is cutting hundreds of jobs in its AI division despite ongoing investments in artificial intelligence. The company’s chief AI officer indicates they’ll continue hiring “AI native” talent, a term gaining traction in the corporate AI arms race.

Strategic Shift in AI Hiring

Meta Platforms is reportedly eliminating hundreds of positions within its artificial intelligence division, according to recent news reports that reveal a strategic recalibration of the company’s workforce. The layoffs impact employees across AI product development, research initiatives, and infrastructure teams—coming just months after the company embarked on an aggressive hiring spree to bolster its AI capabilities.

by Michael Turner
Economy and TradingMarkets

Market Jitters Resurface as Volatility Spikes to Multi-Month High

Financial markets are experiencing their most turbulent period since spring as multiple concerns converge. Despite major indexes posting weekly gains, analysts suggest the abrupt end of market calm has left traders anticipating continued volatility.

Market Turbulence Returns After Period of Calm

Wall Street’s so-called ‘fear gauge‘ reportedly touched its highest midday level since late April this week, signaling a return of market uncertainty after an extended period of stability. According to reports, the combination of renewed trade tensions, regional banking concerns, and unease about artificial intelligence stocks has created the most volatile market conditions since spring.

by Michael Turner
Banking ServicesPersonal Finance

Baird Analyst Sees Buying Opportunity in Zions Bancorp Following Market Overreaction to Fraud Loss

Zions Bancorp shares plunged 13% Thursday after reporting a $50 million fraud-related charge. Baird analyst David George upgraded the stock to outperform, calling the market reaction excessive and suggesting the sell-off creates a buying opportunity. The analyst maintains a $65 price target representing nearly 39% upside potential.

Analyst Upgrade Following Significant Sell-Off

Regional bank Zions Bancorp received an upgrade from Baird analyst David George, who moved the stock from neutral to outperform following what he characterized as an “excessive” market reaction to recent fraud-related losses. According to the analysis, the bank’s shares became attractive after Thursday’s 13% plunge, which erased approximately $1 billion in market capitalization.

by Jessica Moore P.E.
BusinessMarkets

S&P 500 Rises on Strong Bank Earnings and Chip Stock Rally

Major U.S. banks including Morgan Stanley and Bank of America reported better-than-expected quarterly earnings, driving gains in the S&P 500. Meanwhile, semiconductor stocks rallied following strong results from ASML Holding, with the Philadelphia Semiconductor Index jumping 3%.

Bank Earnings Boost Market Sentiment

The S&P 500 closed higher on Wednesday, reportedly lifted by strong quarterly results from major financial institutions. According to reports, Morgan Stanley shares surged 4.7% to a record high while Bank of America gained 4.4% after both lenders exceeded Wall Street profit estimates for the third quarter.

by Jessica Moore P.E.