US JOBLESS CLAIMS DATA
Health insurance claim settlement: Which insurers are fastest at paying approved claims?
According to data from ILM Research (previously known as Beshak Research), 15 of 31 non-life insurers paid out over 95% of their approved health claims (including cashless hospitalisation claims, where the insured does not have to pay out of pocket) within a month in financial year 2025-26, while the rest were slower.
Is India a “shadow transshipment” hub? The data says otherwise
Between 2014 and 2024, India’s goods exports to the US grew 1.86 times, while US exports to India grew 1.94 times. A rising two-way relationship, with India’s global exports also up 1.36-fold, is hard to square with a “mere pass-through” story tailored to one market.
Anthropic's Claude accessed Georgia state vote count information behind paywall
Anthropic's Claude bypassed a paywall and accessed publicly available US state of Georgia voter data without human authorization, Axios reported on Sunday.
Currency markets subdued ahead of pivotal central bank week
As the week kicks off, major currencies hover in narrow trading bands amidst pivotal central bank meetings. Oil prices experienced a decline after hitting a six-month high, affecting the strength of the dollar. Meanwhile, US Treasury yields remain elevated due to lingering inflation worries connected to the rising oil costs. With five significant central banks likely to hold rates steady, market watchers are keen to decipher forward guidance.
Charting the global economy: Euro area business activity cools
The euro area’s private sector slowed more than expected in October, weighed down by France as the region’s No. 2 economy grapples with fiscal and political tensions.
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US data centre spending seen more than doubling to $2.1 trillion by 2028, estimates BoFA
Global data centre spending is expected to reach $1 trillion in 2026 and more than double to $2.1 trillion by 2028, driven by rising demand for AI services, BofA Global Research estimates. The data centre market could reach $2.93 trillion by 2030 as AI fuels rapid infrastructure expansion.
Immigrants seeking US citizenship targeted in Trump administration's illegal voting crackdown
Federal authorities have charged several immigrants in California with voter fraud related to their citizenship applications. Many have been accused of lying on official forms or during interviews with immigration officials. The individuals facing charges include long-term legal residents who believed they were eligible to vote. These charges stem from a crackdown on alleged illegal voting as the midterm elections approach.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays may pressure technology stocks, utilities and power infrastructure companies, despite continued strong AI spending.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest since August, and US gold futures mirrored the drop. Positive employment figures showed a decrease in unemployment claims, hinting at stronger job growth in October.
US bond market down: Why are 10-year, 30-year, 2-year treasury yield notes are falling? Check latest predictions
US bond Yields have dropped in recent days, as concerns about a slowdown in AI spending and its impact on economic growth have overshadowed economic data, which showed persistent inflation pressures.
Trump says Camp Lejeune settlement payments could speed up, but there’s a catch
President Donald Trump has promised to speed up Camp Lejeune settlement payments for veterans and families affected by contaminated drinking water, but only if Republicans win control of the House and Senate in the November midterm elections. Here’s what claimants need to know about the pledge, compensation amounts and pending claims.
SBI weighs data leak impact, alerts cyber cover provider
SBI may seek a claim under a Rs 1,425-crore cyber insurance policy with Oriental Insurance following a suspected leak of customer data, people familiar with the matter told ET. "SBI is in the process of notifying the insurer about the claim," said a person aware of the development.
US stocks today: US stocks slide as AI spending jitters hit Nasdaq, oil prices rebound
US stocks opened lower on Thursday as renewed concerns over the outlook for artificial intelligence weighed on growth stocks. Tesla and Meta earnings failed to ease AI-related jitters, while rising oil prices added to market pressure. The Nasdaq fell 1.48%, while the S&P 500 and Dow also declined at the open.
Euro zone consumer confidence falls to -17.9 in October
The European Commission said a flash estimate showed euro zone consumer morale decreased to -17.9 this month from a revised -16.8 in September.
US weekly jobless claims near 57-year lows
Economists say rising profits amid strong domestic demand were shielding workers from layoffs. There are, however, worries that tightening financial conditions and higher interest rates as the US-Israeli war with Iran fuels inflation could undercut the labor market next year.
Investors see risk from US midterms to AI trade as data center backlash builds
As public criticism of data centers intensifies ahead of the US midterm elections, the implications for the AI sector and data center development grow increasingly significant. Should the Democrats win, tighter regulations may be pursued, prompting investors to keep a vigilant eye on local and state electoral outcomes. Predictions show that while AI infrastructure spending will persist, expected delays could hamper progress and raise costs, affecting corporate profit trajectories.
Gold eases as investors await Fed signals on rate path
Gold prices saw a decline as investors shift attention to the looming Federal Reserve policy meeting regarding interest rates. Spot gold prices dipped to $4,115.50 per ounce, with US gold futures for December slipping to $4,132.30. Analysts anticipate potential rate hikes in the coming months, particularly in December, where the likelihood stands at 90%. Other precious metals like silver and platinum also noted price drops.
Railway employees demand online filing of travel, overtime claims as divisions flag high amounts
Some divisions and zones, including North Central Railway (NCR) and Bhavnagar Division of Western Railway, have already introduced online systems that allow employees to file TA and OT claims digitally and track their status, facilitating verification and faster settlement.
When it comes to Trump's economy, these are the numbers that matter before mid-term elections
United States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growing. However, voters have maintained the negative effects of inflation caused by the Iran war. The economy is seeing slowing job growth and widening income inequality, with high interest rates encumbering housing and automobile purchases.
The fake commute: How China's unemployed save face
Unemployed individuals in China are pretending to be employed to avoid family concerns about their jobless situation. Many are sharing tips online about how to navigate daily life while hiding their unemployment status. This behavior reflects the challenges posed by a struggling economy and increased job competition. As some individuals receive unemployment benefits, societal pressure from family members adds to their anxiety.
China sends naval forces to monitor US warship near disputed shoal
China's military has sent forces to track a US warship that entered disputed waters near Sabina Shoal. This area is contested by multiple nations including the Philippines and Vietnam, contributing to regional tensions. The US Navy typically conducts freedom of navigation operations, although their last mission in the area was over a year ago. Recently, a Chinese Coast Guard vessel collided with a Philippine boat in these disputed waters.
SBI data breach claim: Hackers allegedly access 3.75 lakh accounts
"The threat actor describes this as the first disclosure of the dataset, Cyberpulse56 said, adding that the authenticity, origin and extent of the alleged exposure are inverified. If legitimate, the data could facilitate identity theft, financial fraud, targeted phishing and fraudulent loan applications, the group said.
USD rate: Why is US Dollar down from 18-month peak?
USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cooled expectations for an October interest-rate hike.
The number of Americans filing for jobless aid remain at historically low levels below 200,000
U.S. unemployment benefits applications slightly increased, with initial claims rising to 199,000 for the past week. Despite the increase, layoffs remain historically low, indicating job security for many workers. Hiring nonetheless showed sluggish trends, as evidenced by a disappointing 29,000 jobs added in September. While the unemployment rate ticked up to 4.2%, general confidence in the economy persists among employers.
Gold steadies after hitting one-week low
Gold prices have stabilized after recently dipping to a one-week low, now sitting at $4,114.57 per ounce. This slight recovery follows an uptick in US consumer prices, primarily driven by rising gasoline costs, pushing discussions about potential interest rate hikes. Currently, there is a 32% chance of a rate increase this month. Investors are keenly awaiting significant economic reports expected later today.
Global Market: Wall Street in focus as US jobless claims ease amid Fed rate uncertainty
US jobless claims fell to 197,000 last week, below expectations, signalling low layoffs despite sluggish hiring. The data keep the Federal Reserve’s interest-rate outlook in focus as investors weigh labour market resilience against inflation risks.
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