Financial Summary: Saturday, February 28, 2026

Block has laid off nearly 40% of its workforce, reflecting the growing impact of AI on job markets.

Blackstone's co-founder Schwarzman reported a staggering income of $1.2 billion for 2025, mainly from dividends.

Amazon's major investment in OpenAI aims to boost its AI and cloud capabilities, easing investor concerns.

Paramount has successfully secured a $110 billion deal for Warner, outmaneuvering Netflix in a competitive Hollywood landscape.

Mass layoffs at Block, Amazon, and CrowdStrike raise significant concerns about the financial and career challenges for affected workers.

A federal judge has upheld the SAVE student loan repayment plan, allowing millions of borrowers to continue benefiting from it.

Concerns arise over Alabama's pension funds investing in real estate, including a hotel that financed a local family's vacation.

The S&P 500 and Nasdaq composite saw declines in February as investors expressed concerns over potential disruptions caused by AI technologies.

The White House has proposed new funding for the Department of Homeland Security amid ongoing negotiations during a partial government shutdown.

House Democrats express concern over President Trump's threats to nationalize federal elections and tighten voting regulations ahead of the 2026 midterms.

Senator Marco Rubio is traveling to Israel to address concerns regarding Iran's nuclear program and regional stability.