An EBT sign is displayed on the window of a grocery store on Oct. 30, 2025 in the Flatbush neighborhood of the Brooklyn borough in New York City.Michael M. Santiago | Getty ImagesThe Trump administration asked a federal appeals court to issue an emergency block on a judge’s order that it pay 42 million Americans their full SNAP benefits for November by Friday.The administration requested that the 1st Circuit U.S. Court of Appeals allow it to pay 65 percent of the food stamp benefits this month from a contingency fund, as the administration had proposed to the judge earlier this…
Author: usaeverydaylife
Volunteers load boxes of food into cars during an event held by the Community FoodBank of New Jersey in partnership with Bergen County to deliver emergency food relief to Federal workers and SNAP recipients amid the U.S. government shutdown in Leonia, New Jersey, U.S., November 6, 2025. Mike Segar | ReutersWorries over the government shutdown surged in the early part of November, pushing consumer sentiment In to its lowest in more than three years and just off its worst level ever, according to a University of Michigan survey released Friday.The university’s monthly Index of Consumer Sentiment posted a reading of…
A recent decision by the Securities and Exchange Commission to begin allowing fund companies to create ETF shares classes of traditional mutual funds is expected to lead to a flood of new ETFs on the market, but State Street’s fund management arm, State Street Investment Management, has other ideas.The ETF giant, which manages roughly to $1.7 trillion in its SPDRs ETF family — including the oldest and most-widely traded S&P 500 exchange-traded fund, SPY, and the biggest gold ETF, GLD — sees the SEC greenlight as an opportunity to bring a new ETF challenge to the retirement plan market.It’s planning…
Courtesy: Archer AviationArcher Aviation’s stock plummeted 12% after a share sale overshadowed a narrower-than-expected third-quarter loss.The company posted a net loss $129.9 million, narrower than the FactSet estimate of a $178.6 million loss.However, Archer disclosed a $650 million stock offering for 81.25 million shares to support its $126 million acquisition of Hawthorne Airport in Los Angeles as a hub for air taxi operations there. Archer was chosen as the official air taxi provider for the 2028 Olympics in Los Angeles.The move would dilute the value of the stock for existing shareholders. The weighted average for Archer shares outstanding has grown…
Most Wall Street analysts remained divided on Tesla ‘s future after the electric vehicle maker’s shareholders voted to pass CEO Elon Musk’s nearly $1 trillion pay plan. The pay plan, introduced in September, garnered 75% support among voting shares. Results were announced at the company’s annual shareholders meeting on Thursday in Austin, Texas. Specifically, the pay package consists of 12 tranches of shares that Musk would be granted if Tesla hits certain milestones over the next decade. It would also increase Musk’s ownership and voting power in the company. Analysts highlighted pros and cons from the passage. On the former,…
Technology’s tough week may come with a silver lining: an attractive buying opportunity, according to Fundstrat. Technical strategist Mark Newton noted that tech stocks are now at prices suitable for investors to buy the dip. “It looks too early to give up on Technology,” Newton wrote Thursday night in a note to clients. “Despite the weakness this week … within the Magnificent 7 , the Technology sector as a whole has not broken support.” Tech has been under pressure this week amid concern about the valuation of some leading companies in the group. The Technology Select Sector SPDR fund (XLK),…
Almost a year into the second Trump administration, public sector leaders and cybersecurity experts say budget cuts and gutting of federal agencies are weakening critical lines of government communication to help companies prepare and respond to cyberattacks, even as AI threats are rising.The most recent assessment of cybersecurity, based on the goals set forward by the bipartisan U.S. Cyberspace Solarium Commission, found that the U.S. was slipping in its progress toward 82 goals to create a strong cyber defense. “We were surprised and disappointed,” said Ret. Admiral Mark Montgomery, the executive director of Cybersolarium.org. The goals include things like reducing…
Travelers wait in line at a security checkpoint at O’Hare International Airport in Chicago, Illinois on November 7 2025. Kamil Krzaczynski | Afp | Getty ImagesU.S. airlines started cancelling hundreds of flights on Friday, hours after the Federal Aviation Administration ordered the cuts amid the more-than-monthlong government shutdown.The cuts were ordered as air traffic controllers have missed their paychecks due to the government shutdown, now the longest in U.S. history. Air traffic control staffing shortages have been disrupting flights at several major U.S. airports, vexing travelers and airline executives alike.The sudden flight cuts this week forced airlines to scramble with…
Pentagon-backed MP Materials warned investors this week to approach other rare earths projects with caution, pointing to the industry’s difficult economics.Stocks of U.S. rare earth companies have had wild swings in recent months as investors have speculated that the Trump administration might strike more deals along the lines of its landmark agreement with MP. Smaller retail traders have gotten involved in the stocks with the VanEck Rare Earth and Strategic Metals ETF up 60% this year.The Defense Department in July took an equity stake in MP, set a price floor for the company, and inked an offtake agreement with the…
Fg Trade | E+ | Getty ImagesInvestors who want to benefit from stock market gains but limit the impact of its losses are increasingly turning to registered index-linked annuities.Like other annuities, RILAs are insurance contracts that involve handing over money in exchange for a payout, often at a later date. As the name suggests, a RILA’s performance is based on a stock market index (or multiple indexes). They come with limits on both the loss and growth sides.”It’s like putting bumpers in a bowling lane — you’re limited on both sides,” said certified financial planner Jessica McNamee, founder and wealth…
