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WSJ What’s News

What’s News in Markets: Paramount’s Win, Private Credit Carnage, Block Layoffs

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 28 February 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

How did the Warner Bros. bidding war affect Netflix and Paramount stock? And why are private lenders selling off sharply? Plus, what do investors think of Block’s steep layoffs? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:24.4

While increasing megastore profits, they deserve it.

0:25.1

Don't they?

0:29.1

Tell Congress, stop the Durban Marshall money grab for corporate megastores.

0:31.2

Paid for it by the Electronic Payments Coalition.

0:36.5

Hey listeners, it's Saturday, February 28th.

0:38.8

I'm Jack Pitcher for The Wall Street Journal,

0:43.9

and this is What's News and Markets, our look at the biggest stock moves of the week,

0:46.9

and the news that drove them. Let's get to it.

0:52.7

AI was in focus once again this week, and it feels like investors don't know what to make of the rapid advancements in artificial intelligence models.

0:56.0

AI optimism has been one of the biggest drivers of market gains the past few years.

1:01.0

But in 2026, traders are thinking more about what threats it could pose.

1:06.0

That tension came to a head on Monday, when everyone on Wall Street was talking about a viral

1:10.9

blog post from a small investment research firm that imagined an AI doomsday scenario for

1:16.2

white-collar workers.

1:18.2

Stock indexes sold off sharply Monday, an analyst pointed to the memo as a prime culprit.

1:24.0

By the end of the week, indexes had posted modest declines.

...

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