A sharp selloff in the world’s largest bond market sent shockwaves through the U.S. financial markets this week, leaving investors to ponder if that choppiness will persist throughout the new year.

Good morning. Wall Street bonuses will jump by 10% or more. Catastrophic weather drives insured losses higher. And a new side hustle is on the rise: Making job referrals for strangers. Listen to the day’s top stories.

Anything above 200,000, and the S&P 500 Index is seen dropping about 1%, according to Goldman Sachs. A JPMorgan Chase & Co. trading desk note sees the gauge as poised to potentially fall by 0.5% to 1% if the print is above 220,000.

A new report shows that company executives plan to cut 3% of their workforce in the next three to five years because of AI.

But AI will not eliminate them fully, rather it will lead to workforce transformation.” Nearly a quarter of the 93 respondents predict a steeper decline of between 5% and 10% of total headcount. The peer group covered by BI includes Citigroup,

BlackRock , the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the latest Wall Street firm to depart an environmentally focused investor group under pressure from Republican politicians.

BlackRock has become the latest financial firm to bail out of a big climate change industry group in the wake of Donald Trump’s election as US president and heightened regulatory scrutiny. The world’s largest money manager told institutional clients in a letter on Thursday that it had quit Net Zero Asset Managers,

BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming.The money manager has decided to leave the Net Zero Asset Managers initiative,