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800 points. Meanwhile, the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) dropped 1% and 0.9%, respectively, on the heels of sharp closing losses for the tech-heavy indexes.Wall Street is on course for a downbeat end to a week dogged by worries that AI will wreak havoc on a swathe of service industries — fears that have already hit stocks in sectors like software, wealth management, and real estate.Those concerns were stoked Thursday when Block said it will cut nearly half its workforce and overhaul operations, given the promise of AI to reshape its business needs.The fintech's co-founder Jack Dorsey said he believes "the majority of companies will reach the same conclusion and make similar structural changes" within the next year. Shares of Block (XYZ) jumped about 20% in premarket trading on the news.Elsewhere in corporate news, Netflix (NFLX) shares rose after the streaming giant abandoned its pursuit of Warner Bros. Discovery (WBD). That left rival Oracle (ORCL)-linked bidder Paramount Skydance (PSKY) to clinch a buy of the Hollywood studio, giving its stock a boost, too.On the macro front, January’s producer price index rose 0.5% month over month, showing that wholesale inflation grew at a faster pace than the 0.3% rise economists expected. Core PPI — which excludes volatile food and energy prices — of 0.8% for the month also exceeded forecasts of 0.3%.Looking further ahead, Berkshire Hathaway (BRK-B, BRK-A) CEO Greg Abel is expected to publish his first annual shareholder letter on Saturday, after taking over from Warren Buffett. It will come out alongside the conglomerate's quarterly and 2025 update.LIVE 13 updates23 mins agoJake ConleyNasdaq leads Wall Street stocks lower at the openThe US stock market sank at the opening bell on Friday after the latest reading of the producer price index showed wholesale inflation rose more than expected in January. Meanwhile, Block's (XYZ) mass layoffs reignited fears of AI-led corporate disruption.The tech-heavy Nasdaq Composite (^IXIC) saw the largest loss at the start of trading, dropping roughly 1.3%. The Dow Jones Industrial Average (^DJI) shed 1%, or just under 500 points, and the S&P 500 (^GSPC) lost roughly 0.9%.On Thursday, Jack Dorsey's Block said it will trim nearly half its workforce as AI reshapes operations. Shares of Block (XYZ) jumped about 20% after the bell on Friday. Elsewhere, Netflix (NFLX) shares rose after the streaming giant gave up its pursuit of Warner Bros. Discovery (WBD), leaving the way open for Paramount Skydance (PSKY) to purchase the Hollywood studio.28 mins agoJake ConleyOpenAI announces $110 billion in new investments from Nvidia, Amazon, Softbank; values company at $730 billion pre-moneyIn a massive new funding round, OpenAI raised $110 billion from a group of investors, including Nvidia and Amazon, valuing the ChatGPT maker at $730 billion, not including the money raised.Investments include $50 billion from Amazon, $30 billion from Nvidia, and $30 billion from Softbank, OpenAI said in a press release announcing the raise.Shares in Nvidia and Amazon fell after the opening bell on Friday."We are entering a new phase where frontier AI moves from research into daily use at global scale," OpenAI said in its press release. "Leadership will be defined by who can scale infrastructure fast enough to meet demand, and turn that capacity into products people rely on."The company also announced a new deal with Amazon Web Services (AWS) that will see the two companies build a "Stateful Runtime Environment" run on OpenAI's models that "allows developers to keep context, remember prior work, work across software tools and data sources, and access compute." The product is expected to launch "in the next few months," according to the press release.OpenAI is also expanding its existing partnership with Nvidia with the "use of 3GW of dedicated inference capacity and 2 GW of training on Vera Rubin systems," the company said.Today at 1:42 PM UTCJake ConleyUS producer prices advance faster than expected in JanuaryUS producer-level prices advanced faster than expected in January, according to data released Friday by the Bureau of Labor Statistics.Prices increased by 0.5% in January over the previous month, in line with December's gain but above economist expectations an increase of 0.3%, according to consensus estimates. Excluding the more volatile food and energy costs, producers' prices advanced by 0.8% over the previous month, more than double the 0.3% growth economists had predicted.Year-on-year, headline PPI rose by 2.9% against expectations of 2.6%, while prices ex-food and energy rose 3.6% against expectations of 3%.Services led all price inflation in January, with costs advancing by 0.8%, the largest monthly gain since July 2025. Meanwhile, costs for goods declined by 0.3%, tempering the much larger movement in services.A 14.4% increase in margins for "professional and commercial equipment wholesaling" contributed 20% of the jump in services prices, according to BLS data.In goods, prices of "nonferrous metals," including copper and aluminum, grew by 4.8%, while gasoline fell by 5.5%. Commercial and industrial electric power prices also fell, the BLS said.Today at 1:31 PM UTCGrace O'Donnell10-year yield slips below 4% ahead of wholesale inflation dataTreasury yields slipped on Friday morning as investors awaited data on wholesale inflation from the January producer price index.The 10-year bond (^TNX) briefly fell to 3.99%, marking its first time below 4% since November. The shorter-run five-year yield (^FVX) declined to 3.58%, while the longer-run 30-year yield (^TYX) dropped to 4.66%.The Bureau of Labor Statistics will release the producer price index this morning. The Street expects headline demand increased 0.3% in January. While continued easing in wholesale inflation would likely push yields lower, some strategists see higher yields remaining sticky."We're seeing a lot of instability in the market right now, whether it's concerns over the federal funds rate, higher debt levels at the federal side," Schwab Center for Financial Research fixed income strategist Cooper Howard told Yahoo Finance, adding, "that should really keep that term premium elevated going forward and therefore probably put a floor on how much lower longer term yields could potentially go."Today at 12:42 PM UTCDaniel HowleyAnthropic says it won't agree to Pentagon's AI demandsAnthropic (ANTH.PVT) CEO Dario Amodei issued a statement Thursday evening, saying his company won't submit to the Department of Defense’s demands that it be allowed to use its AI technology as it sees fit, within the law.The Defense Department and Secretary of Defense Pete Hegseth have threatened to force Anthropic to give the Pentagon full use of its models under the Defense Production Act — or, conversely, declare it a supply chain threat and force other Pentagon vendors who work with the AI company to stop using its software.“These threats do not change our position: we cannot in good conscience accede to their request,” Amodei said in his statement.Anthropic and the Pentagon have been in an ongoing standoff about how the DOD will use its Claude AI. The company says that while it already works with the Defense Department, including within the government's classified networks and by advocating for strong chip export controls to China, it wants assurances that the DOD will not use its models for the mass surveillance of Americans or for fully autonomous weapons.Read more in our tech news blog >Today at 11:37 AM UTCJenny McCallDuolingo shares sink after issuing poor 2026 guidanceDuolingo Inc (DUOL) shares sank 25% before the bell on Friday after reporting fourth quarter earnings, which beat analyst expectations, but issued disappointing guidance for 2026. The company said it is changing its strategy to prioritize user growth over near-term profitability.Investing.com reports:Read more here. Today at 10:37 AM UTCKaren FriarNetflix stock jumps after it drops Warner Bros. deal, leaving Paramount the winnerNetflix (NFLX) has walked away from the battle to buy Warner Bros. Discovery (WBD), leaving rival bidder Paramount Skydance (PSKY) free to clinch a $111 billion deal for the storied Hollywood studio.Shares in Netflix jumped over 8% before the bell on Friday, a sign investors were glad its pursuit had ended. WBD stock fell 2%, while Paramount shares were up 9%.Bloomberg reports:Read more here.Today at 10:19 AM UTCJenny McCallPremarket trending tickers: Intuit, NCR, and Rocket CosIntuit (INTU) stock fell 3% before the bell on Friday after reporting stronger-than-expected results for its second quarter revenue, but its outlook for the current quarter missed analyst estimates.NCR Atleos (NATL) stock jumped 15% during premarket trading after Brinks Co (BCO) announced on Thursday that it will acquire NCR in a cash-and-stock deal valued at $6.6 billion.Rocket Companies, Inc. (RKT) stock rose 7% during premarket hours after quarterly earnings beat analysts estimates.Today at 9:33 AM UTCJenny McCallCoreWeave slides as surging capex, backlog risks overshadow small revenue beatCoreWeave (CRWV) stock fell 9% before the bell on Friday after announcing that it expects its capital expenditure to double in 2026. The AI cloud computing company said it will spend in order to scale up its AI cloud platform in order to manage the computing power that its customers need.Reuters reports:Read more here. Today at 9:30 AM UTCGrace O'DonnellBlock stock soars after Jack Dorsey goes all-in on AI, cuts nearly half of workforceBlock (XYZ) shares surged more than 24% in premarket trading after Jack Dorsey announced the payments company would lay off nearly half of its staff. The move was part of a major bet in artificial intelligence that came alongside the release of its fourth quarter earnings report."Today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation," Dorsey wrote in a post on X on Thursday."Something has changed," Dorsey wrote, framing the decision as a risk intended to position the company for long-term growth. He cited new artificial intelligence tools that can automate work as the reason for the shift, noting that AI is "enabling a new way of working which fundamentally changes what it means to build and run a company."In the fourth quarter, Block reported adjusted earnings per share of $0.65, in line with Wall Street estimates. Revenue of $6.25 billion slightly beat expectations of $6.21 billion, according to S&P Global Market Intelligence.Block also raised its full-year guidance. The company, which supports the CashApp and Square platforms, said it expects gross profit growth of 18% year over year in 2026 and adjusted operating income of $3.20 billion or 26% margin.Today at 8:40 AM UTCBex EvansDell stock surges after revenue forecast tops estimates on rising AI server demandDell (DELL) forecast fiscal 2027 revenue above Wall Street estimates on Thursday, betting on growing demand for its ‌artificial intelligence-optimized servers. Its shares rose over 12% in premarket ‌trading.Reuters reports:Read more here.Today at 3:02 AM UTCRian HowlettZscaler stock drops on Q2 losses from high expenditureReuters reports:Read more here. Thu, February 26, 2026 at 11:50 PM UTCRian HowlettNetflix shares leap 13% after hours after dropping bid for Warner Bros.Bloomberg reports:Read more here.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,853.23 -55.63 (-0.81%)Dow 3048,740.47 -758.73 (-1.53%)Nasdaq22,644.30 -234.08 (-1.02%)Russell 20002,626.70 -50.59 (-1.89%)VIX21.24 +2.61 (+13.88%)Gold5,245.00 +50.80 (+0.98%)Trending tickersNFLX Netflix, Inc. 91.06 +6.45 (+7.62%)XYZ Block, Inc. 63.20 +8.67 (+15.90%)BTC-USD Bitcoin USD 66,114.12 -1,460.45 (-2.16%)DUOL Duolingo, Inc. 96.08 -21.37 (-18.19%)CRWV CoreWeave, Inc. 80.54 -17.09 (-17.50%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 70.61 +16.92 (+31.51%)BWIN The Baldwin Insurance Group, Inc. 22.30 +3.81 (+20.60%)FIGS FIGS, Inc. 15.18 +2.71 (+21.73%)DELL Dell Technologies Inc. 141.59 +20.14 (+16.58%)XYZ Block, Inc. 63.27 +8.74 (+16.04%)Top losersRUN Sunrun Inc. 14.31 -6.11 (-29.92%)AMBA Ambarella, Inc. 57.20 -13.70 (-19.32%)BCO The Brink's Company 110.74 -24.84 (-18.32%)DUOL Duolingo, Inc. 96.09 -21.36 (-18.20%)CRWV CoreWeave, Inc. 80.94 -16.69 (-17.10%)Most activeNVDA NVIDIA Corporation 181.01 -3.88 (-2.10%)NFLX Netflix, Inc. 91.60 +6.99 (+8.26%)MARA MARA Holdings, Inc. 9.38 +0.93 (+11.04%)SOFI SoFi Technologies, Inc. 17.79 -1.31 (-6.86%)CRWV CoreWeave, Inc. 80.94 -16.69 (-17.10%)Top economic eventsEarnings eventsMy earnings eventsEarnings events