AI has triggered a wave of layoffs on Wall Street! The number of unemployed individuals in the next three years may exceed 200,000.

The report indicated that in the next 3 to 5 years, due to AI 'encroaching' on human jobs, Global Banks will lay off up to 200,000 people, with backend, mid-office, and Operation positions facing the highest risks. At the same time, 80% of respondents expect that generative AI will increase productivity and income by at least 5% during this period.

wallstreetcn55minutes ago

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MarketWatch06:00 ET

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Yahoo Finance05:45 ET

Elliott Wave View: S&P 500 (SPX) Looking for a Double Correction [Video]

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Quantum computing, Nuclear Power, Cryptos, cannabis! Retail investors' "beloved" in the USA all fell last night.

① Although the three major stock indices in the USA fluctuated on Wednesday, the S&P 500 Index, which performed the worst, only fell by 0.16%—a performance that cannot be considered terrible. ② However, for many American retail investors who enjoy the thrill of speculating on meme Stocks, this Wednesday seems to have been a disastrous day: because many of their favorite investment symbols experienced a remarkable collapse.

cls.cn21:40 ET