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09:44
The number of layoffs in US companies rose by 38% in April compared to the previous month, but decreased by 50% year-on-year from the beginning of the year.
Golden Ten Data, May 7 – Employment company Challenger, Gray & Christmas released a report on Thursday showing that US companies announced 83,387 layoffs in April, a 38% increase compared to 60,620 in March, but a 21% decrease from 105,441 in the same period last year. The total number of layoffs in April is the third highest since 2009, surpassed only by April 2025 and April 2020. So far this year, US companies have announced a total of 300,749 layoffs, a year-on-year decrease of 50%. The technology sector announced 33,361 layoffs in April, with a year-to-date total of 85,411, up 33% year-on-year. This is the highest cumulative number of layoffs within the sector since 2023. Federal, state, and local government agencies announced 9,149 layoffs in April, the highest monthly number for the sector since March 2025. The services sector announced 4,110 layoffs in April, with a cumulative total of 10,797 this year, a year-on-year decrease of 50%. Pharmaceutical companies announced a cumulative 7,440 layoffs through April this year, a year-on-year increase of 500%. Artificial intelligence was the leading cause of layoffs for the second consecutive month, with 21,490 AI-related layoffs in April, accounting for 26% of all layoffs. Since the beginning of this year, layoffs announced due to AI have totaled 49,135.
09:39
US M2 money supply reaches a record high
BlockBeats news, on May 7, according to Barchart data, as of March 2026, the US M2 money supply reached 22.7 trillion US dollars, setting a new historical high. M2 money includes cash, checkable deposits, and easily convertible assets. Its growth reflects the impact of the Federal Reserve's monetary policy and the expansion of economic liquidity.
09:36
Bank of America: Major IPOs from SpaceX and Anthropic may signal the end of the bull market
Glonghui, May 7 — According to the latest warning from Bank of America, the planned IPOs of SpaceX and Anthropic this year may lead to a withdrawal of some funds from the US stock market, which has long relied on major technology companies, and this could signal the end of the bull market. If both companies go public, SpaceX’s valuation may exceed 2 trillion, and Anthropic’s valuation may exceed 900 billion, which means a large number of new stocks will enter the market. In response, Bank of America stated that SpaceX and Anthropic may force funds to sell off existing tech stocks.
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