EconomyBarclays said it plans to eliminate 5,000 jobs to reduce costs, adding that AI is beginning to deliver efficiencies. The cuts would affect about 5% of its workforce, according to a Thursday presentation; the bank had about 93,000 employees worldwide at the end of 2025. Stocks fell as megacap earnings failed to reassure investors about the AI trade’s rebound, Chinese equities neared a bear market and Middle East tensions escalated.



























