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 told a federal judge in Rhode Island on Monday that it would tap billions of dollars in contingency funds to help pay for at least some SNAP benefits during the ongoing U.S. government shutdown.The administration, in a court filing, told the judge it had declined the option he suggested of making the full November payments for SNAP benefits by using money from the Child Nutrition…
Author: usaeverydaylife
Tesla models Y and 3 are displayed at a Tesla showroom in Corte Madera, California, on Dec. 20, 2024.Justin Sullivan | Getty ImagesTesla has been ordered to provide records to U.S. federal auto safety regulators to comply with a sweeping investigation into possible safety defects with the company’s flush-mounted, retractable door handles that can lead to people getting trapped.The National Highway Traffic Safety Administration said in a letter to Elon Musk’s automaker that the agency continued to receive complaints from Tesla owners after the regulators initiated a probe in September.Owners said they were unable to enter or exit their cars…
A Taco Bell restaurant in El Cerrito, California, US, on Tuesday, April 29, 2025. David Paul Morris | Bloomberg | Getty ImagesWith more consumer companies preparing to report third-quarter earnings this week, Wall Street will be watching for signs of a bifurcated or “K-shaped” economy as consumers diverge in their spending behaviors.There have been increasing signals that wealthier Americans are spending more while lower-income Americans are significantly paring back their spending. Lower-income consumers have been hit hardest by rising inflation and escalating prices on essentials, with this month’s Consumer Price Index report indicating a 0.3% increase on the month, putting…
Several companies scheduled to report earnings this week could see their stocks soar or in price, or slump, based on current options trading on their shares. This earnings season has seen strong momentum, with more than 80% of companies reporting their financial results posting better-than-expected revenue or earnings per share for the third quarter, FactSet data shows. But dozens of Big Tech, retail and pharmaceutical companies report their earnings this week, and their results could make their stocks volatile. To anticipate some of those moves, CNBC Pro screened for stocks that are expected to see the largest options-implied move in the…
Ford Mustang Mach-E EV vehicles at a Ford dealership in Los Angeles, California, US, on Thursday, Oct 16, 2025. Kyle Grillot | Bloomberg | Getty ImagesDETROIT — Sales of all-electric vehicles collapsed last month following the end of up to $7,500 in federal incentives for purchasing an EV, several automakers said Monday.Ford Motor, Kia and Hyundai Motor reported massive declines in EV sales as many buyers pulled ahead purchases before the credits ended under changes by the Trump administration.Ford, which ranked third in U.S. EV sales through the third quarter, reported a 25% drop in its year-over-year all-electric October sales.…
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | ReutersThe head of the Food and Drug Administration’s drug center abruptly resigned Sunday after federal officials began reviewing “serious concerns about his personal conduct,” according to a government spokesperson.Dr. George Tidmarsh, who was named to the FDA post in July, was placed on leave Friday after officials in the Department of Health and Human Services’ Office of General Counsel were notified of the issues, HHS press secretary Emily Hilliard said in an email. Tidmarsh then resigned Sunday…
Amazon went from “Magnificent Seven” zero to hero in a matter of days. First, it was blowout earnings on Thursday night, followed by a 9.6% stock surge the next day. Then, on Monday, it was a big cloud deal with OpenAI, and the stock soared another 4.5%. Amazon came into last week’s earnings print as the worst-performing Mag 7 stock in 2025. Now, it is up more than 16% year to date and hitting another all-time high Monday. AMZN 5D mountain Amazon performance over 5 sessions “Amazon just completely refuted” concerns about slowing growth in its cloud unit, Amazon Web…
In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the airport of Hangzhou on November 3, 2025. Dmitry Astakhov | Afp | Getty ImagesRussian officials appeared eager Monday to reaffiirm Moscow’s alliance with China following U.S. President Donald Trump’s high-profile meeting with Xi Jinping.Hot on the heels of Trump’s talks with Xi last week, which the U.S. president described as “amazing,” Russia has now sent a large delegation of its own to China for deal-making and talks.Russia’s Prime Minister Mikhail Mishustin arrived in Hangzhou on Monday for two-day talks with…
Warren Buffett’s Berkshire Hathaway reported a sharp rebound in operating profit over the weekend, but Wall Street analysts were divided on the outlook for the conglomerate between optimism over its insurance rebound and succession uncertainty. The Omaha-based company said operating earnings from its collection of businesses, including insurance, railroads and energy, rose 34% from a year earlier to $13.49 billion in the third quarter . The surge was powered by a more than 200% jump in insurance underwriting income to $2.37 billion, reflecting lower catastrophe losses and improved results at auto insurer Geico. Class A shares of Berkshire were flat…
Now might be an opportune time to sell 45-90 day strangles on Meta , given the recent earnings release, guidance and financing decisions, which have caused the stock to retreat from recent highs and led to an increase in options prices. Meta delivered strong Q3 2025 revenue growth — 26% year over year. However, it also led to higher expenses and increased capital expenditures. For example, full-year 2025 capital expenditures (capex) are now expected to be between $70 billion and $72 billion. The company has announced that capex growth in 2026 is expected to be “notably larger,” and expense growth…
