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Artificial Intelligence 6 March 2023

AI Layoffs in 2023: The Real Number Was 4,247, and the Next Wave Is Harder to Count

AI Layoffs in 2023: The Real Number Was 4,247, and the Next Wave Is Harder to Count

U.S. employers cited artificial intelligence in 4,247 announced job cuts in 2023, according to Challenger, Gray & Christmas. By March 2026, AI was the top stated reason for U.S. job cuts that month, with 15,341 announced. The broader labor market showed 6.866 million job openings in March 2026, while layoffs remained at 1.2%, according to the Labor Department.
6 March 2023
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Stock Market Today

  • Twilio Shares Up 70% Over Year, Valuation Signals Potential Undervalue
    May 16, 2026, 3:14 PM EDT. Twilio (TWLO) shares have surged 70.4% in the past year, closing recently at $198.29 after a 1.7% dip last week. The company's role in communications software, supporting customer engagement and digital service, drives investor interest. A Discounted Cash Flow (DCF) analysis estimates intrinsic value at $231.64, implying shares trade at a 14.4% discount. The Price to Sales ratio of 5.68x exceeds the IT industry average of 2.00x but remains below peers' 12.12x, indicating mixed valuation signals. Twilio scores 2 out of 6 on valuation checks, suggesting a need for careful assessment amid strong recent gains and inherent risks.

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EchoStar Stock Just Beat a Wall Street Selloff. The Bigger Test Comes Monday

16 May 2026
EchoStar shares rose 7.9% last week, closing at $137.23 Friday after U.S. regulators approved $40 billion in spectrum sales to SpaceX and AT&T. The FCC tied the deal to direct-to-device satellite services but required EchoStar to set up a $2.4 billion escrow for disputed claims. EchoStar’s Q1 revenue dropped to $3.67 billion, with a net loss of $146.9 million.
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Enterprise Products Edged Higher Against Market Drop; Monday in Focus

16 May 2026
Enterprise Products Partners L.P. closed at $39.23 Friday, up 5.5% for the week, while U.S. stocks broadly fell. The company paid a $0.55-per-unit quarterly distribution May 14, up 2.8% from last year. First-quarter net income rose to $1.5 billion, with adjusted EBITDA up 10% to $2.7 billion. Friday’s trading volume was 2.71 million units, down sharply from Thursday’s 11.11 million.
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Verizon heads into volatile week after FCC decision, Friday drop

16 May 2026
Verizon shares fell 1.47% to $46.37 Friday, marking a third consecutive decline and a weekly drop of 1.8%. The FCC on Thursday approved Verizon’s $1 billion spectrum purchase from U.S. Cellular, and the company announced a planned rural coverage venture with AT&T and T-Mobile. Trading volume was 23.3 million shares, below the 50-day average, amid a broader telecom and market selloff.
Bitcoin Slides Under $80,000 Ahead of ETF Reopen

Bitcoin Slides Under $80,000 Ahead of ETF Reopen

16 May 2026
Bitcoin traded near $78,183 Saturday after U.S. spot bitcoin ETFs saw $290.4 million in net outflows on May 15, led by BlackRock’s IBIT. Rising U.S. Treasury yields and oil prices triggered a broader selloff in risk assets, with ether down 2.3% at $2,179.13. The S&P 500 fell 1.2% Friday. The Senate Banking Committee advanced the Clarity Act crypto bill, but its passage remains uncertain.
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