The Supplemental Nutrition Assistance Program (SNAP) is a federal program designed to help lower-income households keep healthy food on the table, and it's gone through a number of changes over the years. One of which is the dramatic growth in online SNAP services. According to the USDA, over 3 million SNAP households shopped online in May 2022, significantly more than the 35,000 in March 2020.
With polls showing a close race between former President Donald Trump and Vice President Kamala Harris less than a week ahead of the US presidential election, Jefferies senior US economist Thomas Simons joins Julie Hyman and Brad Smith on Catalysts to discuss how the election could affect consumer spending. “The biggest read-through for the election results into consumer spending in the future really has more to do with taxes than sentiment because we are going to have this big rewrite of the tax code into 2026,” Simons tells Yahoo Finance. Worries around tax changes “could end up impacting consumer spending if the Democrats do well. And then there's this concern that most of the Tax Cuts and Jobs Act is going to be reversed, or there's going to be additional taxes on upper-income, wealthier households. They've been the ones that have been driving the overall spending numbers to this point,” he adds, explaining that “taking away some positive wealth effect… then there is a risk that consumer spending might slow.” The economist says consumer confidence is split down party lines. “We have seen essentially since 2016 that there is this sort of zig-zag seesaw pattern of when the Republicans are in office or are doing well in polls, the Republican sentiment goes to the moon, and Democrats go into the basement and literally vice versa.” To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.
Watch as Sir Keir Starmer and Rachel Reeves deliver remarks during a visit to the West Midlands after the Budget announcement on Wednesday. Ms Reeves had made no secret of the difficult task she faced, with her announcement set against the backdrop of the £22bn ‘black hole’ in public finances she says was left behind by the previous Tory government. On Thursday, Ms Reeves admitted the employer national insurance increase could hit workers’ pay.
Space Transportation says jet can fly twice as fast as Concorde and should be ready for 2027
The Canary Islands’ ashen climate lends unique notes to its carafes – taking the lava fields in her stride, Ellie Ross sprints and sips in Lanzarote’s La Geria region to discover the best of the volcanic vines
The couple and their seven kids dressed up as Where's Waldo
Shares of used car retailer Carvana (CVNA) are revving higher on Thursday — and the time of this video's posting, the stock has seen gains of over 20% this morning — after reporting a third quarter earnings beat n Wednesday. The company achieved a record profit in this quarter while boosting its full-year earnings outlook. Catalysts anchors Julie Hyman and Brad Smith report more on Carvana's sales figures. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
MEDIA ADVISORY ACSA 2024 Conference Banner The ACSA 2024 Conference takes place on November 6 and 7 at the River Cree Resort in Edmonton, AB. Edmonton, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- The Alberta Construction Safety Association (ACSA) invites the media to attend the sold-out 2024 Conference, Safety Foundations: Constructing a Culture of Excellence, on November 6 and 7 at River Cree Resort in Edmonton. The conference brings together members and partners, including leaders and experts,
We recently compiled a list of the 10 Worst-Performing Growth Stocks in 2024. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other Worst-Performing Growth Stock in 2024. Economic Growth and Market Resilience Economists anticipate modest US economic growth in the upcoming quarters, and some continue to caution […]
Jimmy Kimmel was not impressed with Donald Trump’s mockery of Joe Biden this week. After the U.S. president found himself in a controversy for allegedly calling Trump supporters “garbage,” Trump seized on the opportunity to troll Biden by taking photos in a MAGA-branded garbage truck. Kimmel said it would’ve been more fitting had Trump gotten …
Philadelphia prosecutors are attempting to stop his cash prizes - but Musk denies any wrongdoing.
Press release Rome, Vaduz - 31 October 2024 – ARTEX Global Markets (ARTEX GM) – the world’s first regulated art multilateral trading facility (MTF) where shares representing fractional ownership in world-renowned art pieces are traded – continues its expansion following the addition of a new partner to its network. EQUITA – leading Italian independent investment bank with a long-standing commitment to providing clients with new opportunities for portfolio diversification and comprehensive financ
Economists say tax rises in the Budget will mean employers have less to give as pay rises.
The donation of £150,000 sees The Independent surpass halfway mark in funding for the second house in our campaign for domestic abuse victims
Chalk up another great month for the S&P 500. And the market's historically best six months of the year are still coming.
4/5 The actor’s performance is all the better because he never leans into the trademarks of onscreen psychopathy. It’s all placid and casual logic
Yahoo Finance