๐ Market Pulse โ Daily of 19 May 2026
๐ค Meta Is Reportedly 'Reassigning' 7,000 Employees To AI
Meta is undergoing a significant internal shift, reassigning approximately 7,000 employees to roles focused on artificial intelligence. This move comes as the company also implements layoffs, indicating a strategic pivot towards AI development and integration across its operations.
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๐ Meta layoffs, AI, and the worsening job market for California tech workers
The tech job market in California is deteriorating, with many workers facing worsening conditions despite hopes for a rebound. The increasing prevalence of artificial intelligence is intensifying competition and forcing tech professionals to reconsider their career paths.
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๐ฐ Bitcoin ETFs lose $648M as analysts warn of weak demand
U.S. spot Bitcoin ETFs experienced their largest outflows since January, with nearly $650 million withdrawn as Bitcoin's price dropped below $78,000. This decline is attributed to rising geopolitical tensions and inflation concerns, signaling weak investor demand.
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๐ Crypto adoption in the U.S. reached 10% in 2025, Fed survey shows
A recent Federal Reserve report indicates that cryptocurrency adoption in the U.S. reached 10% in 2025, its highest level in three years. The survey also revealed that a growing number of adults are primarily using digital assets for investment purposes rather than for everyday transactions.
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๐ผ Berkshire Hathaway Bought 7 Stocks in Its First Quarter Without Warren Buffett as CEO: Here's the Best of the Bunch.
Berkshire Hathaway, under the leadership of new CEO Greg Abel, has disclosed its first quarter stock purchases, revealing investments in seven different companies. This marks a significant shift as it's the first quarter of trading decisions made without Warren Buffett at the helm.
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