KKReckonsSubscribe

6 stories · 3 min read

Two worlds, one trade-off: in India and America alike, companies are trading payroll for AI chips and data centres.

Markets at the last close before this edition · 25 Sep

  • Nifty 5023,141On the day, up 0.34%. 1 wk: −0.88%
  • S&P 5007,743On the day, up 0.51%. 1 wk: +1.21%
  • US 10-yr yield5.18%On the day, up 2 bp. 1 wk: +19 bp
  • Brent crude$104.32On the day, down 2.14%. 1 wk: +0.43%
  • Gold$4,321On the day, up 0.54%. 1 wk: −2.34%
  • USD/INR₹96.16On the day, up 0.44%. 1 wk: +0.38%Close of 24 Sep

Yahoo Finance daily closes. Not investment advice.

25–30KGCC jobs cut in India this year, per EIIRTrend. 3AI puts it at 4,000–5,000.5.44%30-year Treasury yield, the highest since 2004. The 10-year neared 5.15%.

India edition

What moved in India

World edition

What moved everywhere else

6PolicyViewpoint

California’s benefits for undocumented immigrants (opens the source in a new tab)

  • Its authors argue state-funded programs extend benefits regardless of immigration status, putting the cost at more than $11 billion last fiscal year.
  • About 1.7 million people are enrolled in state-funded full-scope Medi-Cal for undocumented immigrants, at a cost near $10 billion a year.
  • They say a mixed-status family can qualify for public services such as CAPI cash aid, health cover and tax credits.
$11B+
last fiscal year, per the authors
1.7M
Medi-Cal enrollees
~$10B
yearly Medi-Cal cost

Why it matters California’s budget is under strain, and who qualifies for state-funded benefits is a live political fight. This is an opinion piece, so the figures are the authors’ framing.

Source:City Journal (free to read) ↗

Was this briefing useful?YesSomewhatNot really

Related coverage

Spotted an error? Tell us and we’ll correct it.

Today’s edition is ready

Read deep. Think clearly. Stay curious.

A daily visual briefing on the stories that matter: India, the world, and what’s next.

Read Today’s Edition →Get it by email ↗

Free · 50 editions and 359 stories so far · Unsubscribe anytime

Emails are sent by beehiiv; your address is used only for this newsletter. Privacy · Editorial standards