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With more than 42 million Americans at risk of losing SNAP benefits because of the government shutdown, Virginia Gov. Glenn Youngkin declared a state of emergency to help ensure that the 850,000 people in his state who rely on the Supplemental Nutrition Assistance Program don’t go hungry.

SNAP, more commonly known as food stamps, is the federal government’s largest food assistance program. It is operated by individual states, but is funded entirely by money from the federal government.


Agriculture Secretary Brooke Rollins warned last week that “there are not enough funds” to provide SNAP benefits to keep the program operating as long as the shutdown continues. States have begun warning that they will not have the funds to distribute SNAP benefits on Nov. 1 as scheduled.

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2 days ago | [YT] | 280

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Tesla reported mixed third quarter results as the company forges ahead in a post-EV tax credit environment, with investors eyeing robotaxi progress.

For the quarter, Tesla reported Q3 revenue of $28.01 billion vs $26.27 billion expected, per Bloomberg, a jump from the $25.18 billion reported a year ago.


Tesla posted adjusted earnings per share of $0.50 vs $0.54 estimated, translating to EBITDA of $4.23 billion vs $3.78 billion expected.


Tesla did not reveal any new info regarding its robotaxi expansion, other than noting it launched a "ride-hailing service in the Bay Area using Robotaxi technology."

finance.yahoo.com/news/tesla-stock-lower-after-q3-…

4 days ago | [YT] | 550

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Netflix reported earnings that missed analyst expectations on both revenue and profit, sending shares around 6% lower in after-hours trading.

Netflix reported revenue of $11.51 billion, just shy of Bloomberg consensus estimates of $11.52 billion and slightly below the company’s own guidance of $11.53 billion.


That compares to $9.82 billion in the same quarter last year.


Earnings per share came in at $5.87, missing analyst expectations of $6.94 and Netflix’s internal forecast of $6.87, though still above the $5.40 reported a year ago.


The company guided to revenue for the current quarter above Wall Street expectations, forecasting Q4 revenue of $11.96 billion compared to the $11.90 billion analysts polled by Bloomberg had expected.

finance.yahoo.com/news/netflix-stock-falls-after-e…

5 days ago | [YT] | 449

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The government shutdown entered its 17th day Friday with no end in sight, tying it for the third-longest federal work stoppage in US history.

The shutdown — the first since President Trump's initial term in office — began on Oct. 1 after funding bills from Republicans and Democrats failed to reach a key threshold in the Senate.


Both sides have remained dug into their positions ever since. A Thursday vote in the Senate provided the chamber's 10th failure to advance the GOP plan and then lawmakers headed home for the weekend.


By the time they return Monday, the shutdown will be in its 20th day.


"Many of you have asked all of us how it will end," Republican House Speaker Mike Johnson said. "We have no idea."

finance.yahoo.com/news/live/government-shutdown-li…

1 week ago | [YT] | 324

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JPMorgan Chase said it plans to invest as much as $10 billion in direct equity and venture capital stakes in companies operating within key industries such as artificial intelligence, mineral producers, and defense.

The strategy is part of a wider "security and resiliency" plan by the country’s largest bank to commit $1.5 trillion in future financing and spending on industries critical to national and economic security in the US and allied nations, according to a press release.

JPMorgan CEO Jamie Dimon said that the plan is aimed at speeding up investments in these critical industries where the US and its allies have become hampered domestically and overly reliant on foreign supply chains.

"It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security,” Dimon said in the press release.

finance.yahoo.com/news/jpmorgan-pledges-10-billion…

1 week ago | [YT] | 686

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US private employers shed 32,000 jobs in September, the latest sign that the labor market is in a serious pullback.
The data out from payroll processor ADP was far below economists’ expectations of 51,000 jobs added.


Private payrolls for August were also revised sharply lower to a loss of 3,000, after data initially showed a gain of 54,000.


“Despite the strong economic growth we saw in the second quarter, this month's release further validates what we've been seeing in the labor market, that US employers have been cautious with hiring,” ADP chief economist Nela Richardson said in a statement.

finance.yahoo.com/news/adp-report-private-employer…

3 weeks ago | [YT] | 444

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US stocks edged up as investors weighed the likely fallout of President Trump's latest tariff blitz and the US government careened toward its first shutdown in seven years.

The Dow Jones Industrial Average rose 0.2%, notching a fresh closing record. The S&P 500 rose 0.4%, and the tech-heavy Nasdaq Composite gained 0.3%, coming off modest closing gains on Wall Street.

Both the Nasdaq and S&P 500 notched their best third quarter since 2020 and their best September performance since 2010.

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3 weeks ago (edited) | [YT] | 406

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JPMorgan Chase CEO Jamie Dimon said the country’s largest bank will "be engaging with stakeholders and policymakers" on the Trump administration's recent executive order adding a $100,000 fee to a widely used foreign worker program, known as the H-1B visa.

“That caught everyone off guard,” Dimon said in a television interview with India’s CNBC-TV18. “We had a lot of phone calls over the weekend — what does this mean?”


"We'll be engaging with stakeholders and policymakers," Dimon said in a separate interview with the Times of India newspaper.


Dimon, who has previously expressed support for the Trump administration’s move to secure the US southern border, said he believes in “merit-based immigration” and wants to “engage with the government on the issue.”

finance.yahoo.com/news/jamie-dimon-trumps-h-1b-fee…

1 month ago | [YT] | 481

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Tune in live for Federal Reserve Chair Jerome Powell's economic outlook at the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon.

1 month ago | [YT] | 61

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Watch President Trump's UN General Assembly address live:

1 month ago | [YT] | 36