Headlines
Financial TimesUS court blocks landmark law limiting social media use for childrenBloomberg MarketsEx-Moelis Banker to Plead Guilty in Global Insider Trading CaseFinancial TimesTrump administration to cut Anthropic from state contracts and Pentagon supply chainBloomberg MarketsPresident Trump’s Economy: Boom, Bust, or Business as Usual?Bloomberg MarketsThe Key to a Healthy Woman's HeartBloomberg MarketsRaising Cane's CEO on International Expansion PlansBloomberg MarketsCharlotte Hornets Aim to Generate Buzz Under New OwnersBloomberg MarketsParamount’s $57.5 Billion of Warner Debt to Mix Junk, High GradeBloomberg MarketsZscaler CEO: AI Is Opportunity, Not Threat, For Our BusinessBloomberg MarketsDuolingo Looks to Double Daily Active Users to 100M by 2028Bloomberg MarketsDavid Ellison Is Shaking Up CBS News; CNN Looks to Be NextBloomberg MarketsCompass, Rocket Partner on Home Listing InitiativeBloomberg MarketsStocks Slide as Wholesale Inflation Heats Up | Closing BellFinancial TimesBlackstone chief Schwarzman received $1.2bn in 2025 incomeBloomberg MarketsUS Leveraged Loans Lose the Most Since 2022 on AI-Driven FearsFinancial TimesUS court blocks landmark law limiting social media use for childrenBloomberg MarketsEx-Moelis Banker to Plead Guilty in Global Insider Trading CaseFinancial TimesTrump administration to cut Anthropic from state contracts and Pentagon supply chainBloomberg MarketsPresident Trump’s Economy: Boom, Bust, or Business as Usual?Bloomberg MarketsThe Key to a Healthy Woman's HeartBloomberg MarketsRaising Cane's CEO on International Expansion PlansBloomberg MarketsCharlotte Hornets Aim to Generate Buzz Under New OwnersBloomberg MarketsParamount’s $57.5 Billion of Warner Debt to Mix Junk, High GradeBloomberg MarketsZscaler CEO: AI Is Opportunity, Not Threat, For Our BusinessBloomberg MarketsDuolingo Looks to Double Daily Active Users to 100M by 2028Bloomberg MarketsDavid Ellison Is Shaking Up CBS News; CNN Looks to Be NextBloomberg MarketsCompass, Rocket Partner on Home Listing InitiativeBloomberg MarketsStocks Slide as Wholesale Inflation Heats Up | Closing BellFinancial TimesBlackstone chief Schwarzman received $1.2bn in 2025 incomeBloomberg MarketsUS Leveraged Loans Lose the Most Since 2022 on AI-Driven Fears
Home/CNBC Top News
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
CNBC Top Newsmarkets

Jack Dorsey made the loudest case yet that AI is already replacing jobs

CNBC Top News
Friday, February 27, 2026 at 11:38 PM
~4 min read
Labor Market

Original Report

In cutting nearly 40% of its workforce, Block loudly professed that the days of AI taking the jobs of humans has arrived.

Glass House Analysis

Labor market conditions shape the lived experience of millions of working families. When jobs are plentiful, workers have leverage to demand better wages and conditions; when they're scarce, the balance of power shifts to employers. This dynamic plays out daily in kitchen tables across America, where families make decisions about whether to ask for a raise, change jobs, or accept less-than-ideal conditions out of necessity.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%