Trump administration must pay SNAP benefits despite government shutdown, judge rules
The Justice Department argued that the food stamp program, which feeds more than 40 million Americans, effectively did not exist…
Category: Economy
A ‘war room’ mentality: How auto giants are battling the Nexperia chip crunch
Global automakers are bracing for a potential shortage of automotive semiconductor chips sparked by geopolitical tensions between the U.S. and…
Billionaires are spending big to stop Zohran Mamdani’s NYC mayoral bid
Bill Ackman, Ronald Lauder, William Lauder, Barry Diller and Dan Loeb have all made large donations to stop Mamdani. So…
The biggest takeaways from the Trump-Xi meeting — what the truce covers and what is still unclear
President Donald Trump said the rare earths agreement is a one-year deal that will be "very routinely extended as time…
Chipotle stock craters as Wall Street grows concerned after company cuts forecast
At least five Wall Street analysts have cut their price targets for Chipotle shares after the chain's third-quarter earnings report.…
Meta stock drops 10% as heightened AI spending overshadows strong third-quarter results
Meta's results raised skepticism over the payoff from its aggressive artificial intelligence spending plans and overshadowed strong results. ...
SK Hynix, a critical Nvidia supplier, has already sold out chips for 2026 as AI demand booms
SK Hynix posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in…
UBS CEO says strategic investments are paying off as third-quarter profit surges 74%
Swiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, citing significant momentum in its core businesses. ...
The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
The easy part for the Federal Reserve this week will be announcing a rate cut when it wraps up its…