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The Latest Breaking News from SNAP

Social media's new pay-for-play rules

Twitter's Elon Musk says only paying subscribers' messages will be featured in the service's main feed.

Axios

Lawmakers: Expand federal aid for hungry troops - Roll Call

DOD figures show some 286,800 personnel in the active-duty force, or nearly 1 in 4 military servicemembers, experience “low food security.”

Roll Call

Extra food assistance cushioned the early pandemic's blow on kids' mental health

The Research Brief is a short take about interesting academic work.

The Conversation

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read the most diverse news in one place.

Snap growth executive Jacob Andreou joins Greylock

The eight-year social media executive will join the venture capital firm in May and invest in early-stage consumer companies.

Fortune

SNAP recipients will see a cut in food benefits starting this month

During the pandemic, Texans received extra money on their Lone Star cards through the federal Supplemental Nutrition Assistance Program, or SNAP, also known as food stamps. That extra money ends this month.

The Texas Tribune

2 Stocks to Sell Short in 2023

Amidst high inflation, banking failures in recent weeks, and tight monetary policies, the economy is expected to witness a downturn this year. Against this backdrop, fundamentally weak stocks, Snap (SNAP) and Peloton Interactive (PTON) could be best sold short, liquidated, or avoided completely. Read on.

StockNews.com

Congress may boost Puerto Rico food assistance under plan backed by NY Sens. Gillibrand and Schumer

WASHINGTON — Americans who need food shouldn’t get vastly less help than other citizens just because they live in Puerto Rico, lawmakers on Capitol Hill said Wednesday as they introduced a bill that would level the scales for the island territory.

Tribune News Service

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"Punitive" GOP bill threatens food aid

About a quarter of all food stamp recipients could lose their benefits

Salon

Pass legislation to help farmers, food banks do more to fight hunger

We should also create the Illinois Food Rescue Authority, a business-to-business logistical platform for delivering otherwise discarded, perfectly usable food to food banks, pantries and charities.

Chicago Sun-Times

First Thing: Markets on alert after US banks join forces to rescue First Republic

Global shares rise as $30bn lifeline for US bank eases fears of imminent collapse. Plus, a 5,000-mile stinking blob of seaweed heads to Florida

The Guardian - UK

'Back to one meal a day': SNAP benefits drop as food prices climb

A lot of people don't think twice about buying milk, says Teresa Calderez. "But there are lots of us out here who can't buy a gallon of milk when we need it."

WEKU

Low-income Americans face a ‘hunger cliff’ as Snap benefits are cut

The US food assistance program offered expanded benefits during the Covid emergency, but they ended last month

The Guardian - US

Snapchat's secret weapon: Creators

Snapchat's ad revenue-sharing program is still in beta testing, but some creators report big payouts. Will it give Snap an edge in its competition with larger platforms like Instagram and TikTok?

Fortune

3 Stocks to Sell Now Before Losses Worsen

Despite the banking industry crisis, the Fed is expected to launch another rate hike next week as it remains committed to bringing inflation down. Therefore, fundamentally weak stocks Snap (SNAP), Peloton Interactive (PTON), and Tilray Brands (TLRY) might be best avoided as they might plunge further. Keep reading.

StockNews.com

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Tribune News Service

California educators sue TikTok, Snap and YouTube for allegedly delivering harmful content to kids

SAN MATEO, California – California educators are suing Snap, TikTok and YouTube over allegations they intentionally designed their platforms to be addictive and to deliver harmful content to children.

Salon

GOP bill targets food aid for the poor

The bill would withhold "food as a punishment for not having a stable job," advocates warn

Chicago Sun-Times

As SNAP recipients see reduction in funds, Chicago residents make adjustments: ‘I make do’

Starting this month, recipients of the Supplemental Nutrition Assistance Program will see a decrease in their benefits after a coronavirus pandemic-era funding boost ended.

Tribune News Service

Alaska's monthslong food stamp backlog triggers sharp federal warning

Alaska's monthslong delay dispersing federally funded food stamps to thousands of families has triggered a stern warning from the federal government that penalties could follow without prompt action.

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news in one place.

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StockNews.com

4 Lousy Stocks It's Time to Throw the Towel On

A slew of robust economic data and high inflation could lead the Fed to increase its benchmark rate higher in the coming months than it had previously forecasted. The Fed’s persistent hawkish stance could cause an economic downturn and induce more volatility in the stock market. Hence, fundamentally weak stocks…

WEKU

What SNAP recipients can expect as benefits shrink in March

Participants in the federal food program might want to reevaluate their eligibility level for SNAP — and consider other assistance programs — as a pandemic-era supplement ends this month.

Evening Standard

Snapchat has removed next to no underage child accounts in the UK, report finds

Just 700 suspected underage accounts were removed from Snapchat in the UK between April 2021 and April 2022, a tiny fraction of the some 180,000 accounts removed by TikTok over the same period

Tribune News Service

‘It’s going to be devastating’: End of emergency food benefits expected to impact millions of Californians

SAN JOSE, Calif. — A gallon of milk, a dozen eggs, a loaf of bread, a pound of chicken: That may be all the groceries some Californians can buy each month with their CalFresh benefits now that emergency federal pandemic funds that boosted food benefits have ended.

Salon

America's looming "hunger cliff"

As pandemic-era emergency SNAP benefits expire, millions of Americans face food insecurity

StockNews.com

Despite the Fed’s best efforts, inflation remains above the comfort zone. Minutes from the Fed’s meeting show that officials are keen on raising interest rates. This could keep the stock market under pressure this year. Therefore, it could be wise for investors to steer clear of Shopify (SHOP), Snap (SNAP),…

Fortune

Say hello to the new crop of ChatGPT-powered apps

Instacart, Shopify, and Quizlet join Snap in announcing new product features using OpenAI's ChatGPT technology

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