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The Latest Breaking News from SNAP

The fight over ending COVID food benefits

As panemic-era food benefits phase out, low-income households face increasing financial strain.

Axios

‘Horrible timing’: pandemic food relief ends as inflation sends families scrambling

Emergency allotments helped families weather the Covid crisis and rising prices – but they’ll end in March

The Guardian - US

3 Sorry Stocks to Sell Now Before It Gets Too Late

Rising borrowing costs could cause an economic downturn and induce more volatility in the stock market. Hence, it could be wise to avoid fundamentally weak stocks Snap (SNAP), Robinhood Markets (HOOD), and Peloton Interactive (PTON) before it gets too late. Read more….

StockNews.com

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States scramble to replace ripped-off SNAP benefits

Last September, when Baltimore resident Tzu Yang went grocery shopping for his intellectually disabled daughter with a food benefits card that he thought was worth about $300, he discovered at the checkout that the card had no value left. The same thing happened in October, November and December.

Tribune News Service

2 Hot Internet Stocks to Buy Right Now and 1 to Avoid

The internet industry is expected to witness healthy growth amid growing digitization and government initiatives to make the internet accessible to all. Given the sound prospects of the industry, investors should consider buying quality internet stocks, Data Storage (DTST) and Tripadvisor (TRIP), which are gaining in price lately and should…

StockNews.com

Big tech job cuts keep coming; Zoom latest to trim headcount

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month

The Independent UK

‘I’ve given up getting paid’: global tech platform accused of exploiting artists

Talenthouse claims to ‘democratise creativity’, but designers who have completed commissions for top brands are out of pocket

The Guardian - UK

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3 Stocks to Stay Far Away From in 2023

Rejoiced by the optimism flowing in the market, the stock market has rallied recently. However, market experts expect the sizzling rally to end, as recession risks have only been postponed. Given this backdrop, investors should stay away from fundamentally weak stocks Uber Technologies (UBER), Snap Inc. (SNAP), and Peloton Interactive…

StockNews.com

Congress gears up for another farm bill. Here's what's on the menu

Climate, food stamps, broadband and research dollars are all on the line as negotiations kick off for the 2023 farm bill.

WEKU

SNAP recipients will lose their pandemic boost and may face other reductions by March

Congress ended the temporary benefit meant to help low-income households with pandemic-era hardships. A huge increase in Social Security benefits may mean some households see further SNAP reductions.

WEKU

What will change once federal COVID-19 emergency ends in May?

The pandemic increased health care coverage, boosted telehealth, beefed up food assistance and offered universal access to coronavirus vaccines and tests. On May 11, President Joe Biden plans to end the emergencies declared for the pandemic.

Chicago Sun-Times

Snap shares tank after losses top $280 million

The scale of the struggle facing the world’s largest social media firms was laid bare today after Snapchat owner Snap Inc posted a whopping $288 million (£234 million) loss for the fourth quarter, reversing profits of $23 million it made in the previous year and sending its shares down as…

Evening Standard

How will life change once the COVID-19 emergency ends?

The declaration of a COVID-19 public health emergency three years ago changed the lives of millions of Americans by offering increased health care coverage, beefed-up food assistance and universal access to coronavirus vaccines and tests

The Independent UK

With SNAP emergency benefits going away, every dollar counts even more when it comes to fighting hunger

Food pantries are bracing for an increase of demand and organizations are urging SNAP beneficiaries to update their information to potentially help offset the loss of funds.

Chicago Sun-Times

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Chicago Sun-Times

Chicago organizations brace for greater need amid changes to SNAP benefits

February will be the last month Illinois recipients of the Supplemental Nutrition Assistance Program will receive an additional allotment that had been part of coronavirus pandemic relief efforts.

Tribune News Service

NYC residents sue Adams administration for holding up their food stamps, cash assistance: ‘Hunger and immense distress’

NEW YORK — Mayor Eric Adams’ administration has stiffed thousands of low-income New Yorkers on their food stamps and cash assistance benefits, leaving them in a state of “hunger and immense distress,” sometimes for months on end, according to a lawsuit filed late Friday.

Axios

SNAP benefits returning to pre-COVID amounts in February

More than 41 million Americans used SNAP benefits in 2022.

USA Today Sports Media Group

Fan hits Marvel Snap max collection level in a world first achievement

One fan reached beyond collection level 22,000 in Marvel Snap and set a record, but the achievement came at a steep cost

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news in one place.

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WEKU

Social media platforms face pressure to stop online drug dealers who target kids

During a House committee hearing Wednesday, parents, activists and law enforcement officials accused social media sites of enabling drug dealers to sell fentanyl to young Americans.

The Independent UK

Chuck Grassley’s grandson mocked for declaring war on ‘entitlement’ in midst of ‘nepo baby’ political career

Pat Grassley serves as Speaker of the Iowa State House

The Independent UK

Tech industry job cuts come rapidly and in big numbers

In just the past month there have been about 50,000 job cuts across the technology sector

The Independent UK

Outrage as Iowa Republicans want to ban food stamp users from buying sliced cheese, white rice, or fresh meats

Bill would hit low-income residents, critics say

Salon

Iowa GOP wants SNAP ban on fresh meat

The list also restricts purchases of bread, cheese, oil, salt and other food staples

The Independent UK

Tech industry job cuts come rapidly and in big numbers

In just the past month there have been about 50,000 job cuts across the technology sector

WEKU

A rocky past haunts the mysterious company behind the Lensa AI photo app

Little was previously known about the artificial intelligence company founded by five Russian tech workers who for years have been quietly developing AI tools from its homebase of Cyprus.

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