Netflix Walks Away From Warner Deal, Block Cuts Half Its Staff for “AI”

Market update for Friday February 27, 2026

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In today’s episode:

• January PPI comes in hot, core wholesale prices jump 0.8%
• Netflix walks away from its Warner Bros. Discovery deal after Paramount’s $31/share bid
• CoreWeave stock tumbles after light revenue guidance and rising debt
• Block cuts nearly 50% of its workforce in the name of AI efficiency
• Fun Fact: More people are are moving out of the US than moving in