5 things to know before the market opens Friday

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. It’s Jerome Powell’s last day as the chair of the Federal Reserve, marking the end of an era at the central bank. Stock futures are falling this morning. The three major indexes gained yesterday and are on track for a…

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Detroit automakers have cut over 20,000 U.S. salaried jobs as AI looms

The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America’s largest automakers: the elimination of white-collar workers. The “Detroit Three” automakers have together cut more than 20,000 U.S. salaried…

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