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Jobs 'AI'pocalypse No! Initial Jobless Claims Hover Near Record Lows
Jobs 'AI'pocalypse No! Initial Jobless Claims Hover Near Record Lows
The number of Americans filing for unemployment benefits for the first time dropped to 203k last week
The first time initial jobless claims hit this level was in May 2022.
New York and Illinois saw the largest rise in initial claims while California and New Jersey saw the biggest declines...
Continuing jobless claims also dropped, holding below the 1.8 million Americans Maginot Line...
Another week, another confirmation that the 'low hire, no fire' economy remains the driving force and the Jobs AIpocalypse remains absent...
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Mar 27, 2026 / Tyler Durden
Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes
Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes
Submitted by Michael Kern of OilPrice.com
Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical pricing on Dubai crude, as the Middle Eastern benchmark has seen wild fluctuations amid choked physical supply from the Persian Gulf.
Dubai crude prices soared last week to an all-time high of $169.75 per barrel, and were around $130 a barrel early on Friday.
These highly volatile prices and the uncertainty about supply from the Middle...
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Sep 16, 2026 / Tyler Durden
Houthis Claim Saudi Jet Shootdown, Blast Mecca Drone Reports as "Fabrications & Lies"
Houthis Claim Saudi Jet Shootdown, Blast Mecca Drone Reports as "Fabrications & Lies"
Yemen's Ansar Allah (Houthi) movement has claimed to have shot down a Saudi fighter jet in a Wednesday statement, saying they utilized domestic made munitions to do it.
"The Yemeni Armed Forces, with Allah's aid and grace, succeeded in shooting down a Saudi F-15 fighter jet while it was carrying out hostile operations," Houthi military spokesman Yahya Saree announced.
Royal Saudi Air Force
He said the fighter jet had been targeted "using a locally made" missile over Marib - after the Saudi...
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Sep 10, 2026 / Tyler Durden
Perfectly Timed AI Panic Resurrects 'Bipartisan AI Safety Bill'
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