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CAP

US Jobless Claims Drop to Lowest Level Since Mid-April

Initial claims jobless claims in the US decreased by 6,000 to 216,000 in the week ending Nov.

Initial claims jobless claims in the US decreased by 6,000 to 216,000 in the week ending Nov. 22, that's the lowest level since mid-April. The median forecast in a Bloomberg survey of economists called for 225,000 applications. Continuing claims edged up to 1.96 million in the previous week, according to the Labor Department. Bloomberg's Michael McKee reports. (Source: Bloomberg)
Bloomberg MarketsNov 26, 2:47 PM
CAP

Reeves Takeaways: Tax Hikes Calm Markets After OBR Chaos

Chancellor of the Exchequer Rachel Reeves announced £26 billion ($34 billion) of tax increases in a budget that was meant to convey stability but left investors reeling when most of the key measures were accidentally released early.

Chancellor of the Exchequer Rachel Reeves announced £26 billion ($34 billion) of tax increases in a budget that was meant to convey stability but left investors reeling when most of the key measures were accidentally released early. The policies in the budget, in which Reeves more than doubled her key fiscal buffer to £22 billion, were posted online by the Office for Budget Responsibility about an hour before she rose to speak in the House...
Bloomberg MarketsNov 26, 2:44 PM
REG

Soldiers in Guinea-Bissau Say They Have Seized Power

BISSAU, Guinea-Bissau (AP) — Soldiers in Guinea-Bissau appeared on state television saying they have seized power in the country, following reports of gunshots near the presidential palace on Wednesday, three days after national elections were held.

BISSAU, Guinea-Bissau (AP) — Soldiers in Guinea-Bissau appeared on state television saying they have seized power in the country, following reports of gunshots near the presidential palace on Wednesday, three days after national elections were held.
Bloomberg PoliticsNov 26, 2:37 PM
CAP

All those big layoff announcements aren’t showing up so far in jobless claims. They just dropped to 7-month low.

A flurry of layoffs by large companies such as Amazon and Verizon has not made a big dent — so far — in the number of people applying for unemployment benefits.

A flurry of layoffs by large companies such as Amazon and Verizon has not made a big dent — so far — in the number of people applying for unemployment benefits. That’s a sign that the U.S. labor market is still in stable condition.
MarketWatch - Top StoriesNov 26, 2:34 PM
CAP

UK Mulls Expanding Bill Market to Diversify Investor Base

The UK is considering ramping up its bill issuance program, a move that could develop sterling money markets and meet demand from potential new buyers such as stablecoin issuers.

The UK is considering ramping up its bill issuance program, a move that could develop sterling money markets and meet demand from potential new buyers such as stablecoin issuers.
Bloomberg MarketsNov 26, 2:19 PM
CAP

IMF Reclassifies India’s FX Regime to ‘Crawl-Like Arrangement’

The International Monetary Fund has reclassified India’s exchange-rate regime, two years after the Washington-based lender suggested the country’s central bank was intervening too heavily in the currency market.

The International Monetary Fund has reclassified India’s exchange-rate regime, two years after the Washington-based lender suggested the country’s central bank was intervening too heavily in the currency market.
Bloomberg MarketsNov 26, 2:13 PM
CAP

IMF Reclassifies India’s FX Regime Amid Pressure on Rupee

The International Monetary Fund has reclassified India’s exchange-rate regime, two years after the Washington-based lender suggested the country’s central bank was intervening too heavily in the currency market.

The International Monetary Fund has reclassified India’s exchange-rate regime, two years after the Washington-based lender suggested the country’s central bank was intervening too heavily in the currency market.
Bloomberg MarketsNov 26, 2:13 PM
CAP

IMF Reclassifies India’s FX Regime as Rupee Turns More Volatile

The International Monetary Fund reclassified India’s exchange-rate regime after the rupee moved more freely, and said the nation is well-positioned to allow greater flexibility in its currency.

The International Monetary Fund reclassified India’s exchange-rate regime after the rupee moved more freely, and said the nation is well-positioned to allow greater flexibility in its currency.
Bloomberg MarketsNov 26, 2:13 PM
CAP

Russia pursues peace deal — on its own terms

Moscow will be pleased the latest US initiative has destabilised Kyiv and further weakened the Atlantic alliance, say analysts.

Moscow will be pleased the latest US initiative has destabilised Kyiv and further weakened the Atlantic alliance, say analysts
Financial TimesNov 26, 2:13 PM
CAP

Business investment surges again on AI spending, but manufacturers still in a slump

Business investment rose in September for the third month in a row — buoyed by spending on artificial intelligence — but the industrial side of the U.

Business investment rose in September for the third month in a row — buoyed by spending on artificial intelligence — but the industrial side of the U.S. economy more broadly was still mired in a slump.
MarketWatch - Top StoriesNov 26, 2:01 PM