Trump administration wants to throw three million off of food stamps
July 23, 2019
New rules proposed by the U.S. Department of Agriculture would limit access to the Supplemental Nutritional Assistance Program (SNAP), effectively barring three million people who currently receive benefits from doing so in the future based on their personal assets instead of income. About 40 million people received SNAP benefits in 2018.
Recent News
Novo Noradisk Announces $6B Investment in Ozempic, Wegovy Amid Shortages
The money will help meet increased demand for the drugs.
EV Battery Tax Credit Rules Change in the US
The U.S. government has made some tweaks to electric vehicle (EV) tax credits, possibly paving the way for more EVs to qualify for credits of up to $7,500. These tax credits range from $3,750 to $7,500 for new EVs, with a $4,000 credit available for used ones.
Starbucks CEO Faces Challenges Amidst Stock Decline, Sales Drop
Laxman Narasimhan, CEO of Starbucks Corp. (SBUX), finds himself in a tough spot with plunging shares and declining sales, just a year into his tenure.
Apple’s Record-Breaking $110 Billion Stock Buyback
Apple Inc., one of the world’s largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant’s board approved an additional $110 billion in share repurchases.