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US weekly jobless claims fall; layoffs drop in September

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WASHINGTON, Oct 1 (Reuters) - New applications for US unemployment benefits fell last week and layoffs decreased in September, suggesting that labor market stability persisted even as employers remained cautious about boosting hiring. Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted... Read More.

Explainer-Why are world bond markets selling off again?

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By Dhara Ranasinghe and Harry Robertson LONDON, Oct 1 (Reuters) - Government borrowing costs from the United States to Germany and Japan have hit fresh multi-decade peaks on heightened worries about inflation and rising interest rates, along with nagging anxiety about nations' debt loads. Elevated... Read More.

BUSINESS HEADLINES

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AM Business Notebook For: October 1, 2026 >>Ahead Of The Bell (New York, NY) - The opening bell rings this morning as Wall Street ushers in a brand new trading month after stocks closed mixed yesterday to wrap up September. This comes following the latest U.S. economic... Read More.

Goldman Sachs pushes Fed rate hike forecast to December

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Oct 1 (Reuters) - Goldman Sachs pushed its forecast for the next US interest rate hike to December after a softer-than-anticipated inflation reading cooled expectations the Federal Reserve would hike rates again in October. The brokerage had previously forecast a 25-basis-point increase in October. "We are... Read More.

Asian factory activity expands thanks to global AI boom

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By Leika Kihara TOKYO, Oct 1 (Reuters) - Factory activity across Asia expanded in September thanks to the global AI boom, private surveys showed on Thursday, offering some relief to policymakers who are concerned about nagging cost pressures attributable to the US-Israeli war on Iran. While... Read More.
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