Business Briefing: Feb 8 - United States (5 stories)

Here is your Weekly summary for Business & Finance across United States for Mon 2nd February - Sun 8th February 2026

The US economy is exhibiting a "paradox" of robust growth alongside significant underlying weaknesses, according to EY's Chief Economist Gregory Daco. This duality highlights a bifurcated consumer landscape, raising concerns about sustainability and long-term stability.

In the tech sector, Jack Dorsey's Block Inc. is set to cut up to 10% of its workforce as part of a broader efficiency initiative, signaling a shift in strategy amid ongoing market pressures.

Meanwhile, Bitcoin has experienced a dramatic fall of nearly 50% since its October peak, raising questions about the cryptocurrency's future. However, it has recently bounced back, recovering much of its losses, indicating volatility in the crypto market. This fluctuation, coupled with challenges in private markets, underscores the complexities facing wealthy investors today.