NATO Scrambles Jet, Shoots Down Ukrainian Drone Over Estonia, In War First

Jobless Claims Refuse To Show Any Signs Of AI Jobpocalypse The number of Americans filing for unemployment benefits for the first time fell to 209k last week (below expectations), continuing to show absolutely on signs of any labor market stress... Source: Bloomberg That is basically unchanged since 2021. Continuing jobless claims ticked up modestly but remains below 1.8 million Americans (just off two year lows)... Source: Bloomberg So, despite the tsunami of headlines every day about the AI jobpocalypse, 'hard' data shows no signs of any pain yet (wait until the severance packages run dry)... ...

'Deeply Shocked': Merz Speaks Of 'Consequences' After Historic CDU Defeat via Remix News, Germany's political establishment is still absorbing the shock of Sunday's state election in Saxony-Anhalt, where the Alternative for Germany (AfD) surged to 43.8 percent and the Christian Democratic Union (CDU) of Chancellor Friedrich Merz crashed to 17.2 percent. Merz called the result the CDU's "heaviest defeat" in decades and said it could not simply be treated as business as usual. "And I have to admit, this is the heaviest electoral defeat that the CDU has suffered in years, in decades,"...