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US Stocks Retreat Amid Tariff Uncertainty and AI Disruption Fears

US stocks declined as investors reacted to the Supreme Court's invalidation of President Trump's tariffs and concerns over AI's impact on various industries. The Dow Jones fell 1.7%, the S&P 500 dropped over 1%, and the Nasdaq Composite declined more than 1%.

Block Announces Major AI Shift, Laying Off Nearly Half Its Workforce

Block's CEO Jack Dorsey announced a significant AI-driven restructuring, reducing the company's workforce by nearly half. This move aims to position Block for long-term growth by leveraging AI tools to automate operations.

US Stocks Decline Amid Hot Inflation Data and AI Concerns

US stocks fell after wholesale inflation exceeded expectations and Block's workforce reduction highlighted AI disruption risks. The Dow Jones dropped 1.1%, the Nasdaq Composite declined 0.8%, and the S&P 500 decreased by 0.6%.