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Business & Economy

Judge Halts Trump SNAP Funding Restrictions in Lawsuit by 20 States

and on June 6, 2026

A federal judge blocked Trump administration conditions that threatened $74 billion in USDA funding for 39 million SNAP recipients and other nutrition programs.

Trump Explores Federal Government Acquiring Shares in AI Companies

and on June 5, 2026

Trump is discussing having the government take equity stakes in AI firms, with investment returns potentially flowing to American households as dividends.

US Added 172,000 Jobs in May. What It Means for the Economy.

, and on June 5, 2026

Employers added nearly twice as many jobs as analysts expected in May, and the wage growth could push the Fed toward a rate hike this fall.

Applebee’s Franchisee Files Bankruptcy Amid Wave of Closures

and on June 4, 2026

An Atlanta-based Applebee’s franchisee with up to $50 million in liabilities has filed for Chapter 11 — shuttering 10 Florida and Georgia locations while 53 more go up for sale.

Firing Federal Workers Just Got Easier. Trump EO Targets 8,000 Workers

and on June 4, 2026

A new executive order converts nearly 8,000 senior career federal employees into at-will workers — far fewer than the 50,000 the administration originally projected reclassifying.

New SNAP Work Rules Are in Effect. What You Should Know

and on June 3, 2026

New SNAP rules took effect June 1 in major states, expanding work requirements to veterans and adults through age 65 — and an estimated 3.5 million have already lost benefits.

What’s a ‘G’-Shaped Economy and Are We in One?

and on May 30, 2026

Baby boomers holding $90 trillion in wealth are quietly bankrolling younger family members — and economists say that may be the only thing keeping consumer spending afloat.

Billionaire Tilman Fertitta to Acquire Caesars Entertainment for $17.6B

and on May 28, 2026

The $17.6 billion all-cash deal includes absorbing $11.9 billion of Caesars’ existing debt — and would take one of Las Vegas’s biggest casino empires private.

Fed’s Favored Inflation Measure Reaches Highest Level since 2023

and on May 28, 2026

The PCE index hit 3.8% in April — its highest level since May 2023 — and forecasters are now pricing in a Fed rate hike later this year.

$250 Bill Mock-Ups Feature Trump’s Portrait. But There’s a Catch.

, and on May 28, 2026

Federal law has barred living people from U.S. currency since 1866, but that hasn’t stopped Treasury from designing a Trump $250 bill anyway.

35 Former Judges Ask Court to Investigate Trump’s Deal With IRS

and on May 28, 2026

A bipartisan coalition of ex-federal judges contends the $1.766 billion anti-weaponization fund Trump received in an IRS settlement constitutes fraud on the court.

Sam Altman Says AI Isn’t Coming for Your Job, After All

and on May 26, 2026

OpenAI’s CEO once predicted AI would eliminate 30–40% of all work tasks — now he’s publicly saying his fears were overblown.

Kevin Warsh Sworn In as Fed Chair. What May Change at the Central Bank

and on May 22, 2026

The new Fed chief takes over with inflation at 3.8% and consumer sentiment at record lows, armed with very different ideas about how the central bank should operate.

Jeff Bezos Says the Bottom Half of Americans Should Pay ‘Zero’ Tax

and on May 21, 2026

The world’s fourth-wealthiest man told CNBC he wants to wipe out federal income taxes for the bottom half of Americans — and would lobby Washington to make it happen.

Trump to Roll Back Biden-Era Refrigerant Rules in Push to Lower Grocery Costs

and on May 21, 2026

The White House projects $2.4 billion in combined savings from rolling back two EPA refrigerant rules — money the administration says will flow directly to lower grocery bills.

Trump Calls Gas Price Surge ‘Peanuts,’ Urges Patience at Pump

and on May 20, 2026

Gas now averages $4.55 a gallon — up from $2.98 in February — yet Trump says the financial pain is ‘peanuts’ compared to his concerns about Iran’s nuclear ambitions.

Dodd-Frank Was Meant to Keep the Financial System Safe. Did It?

and on May 20, 2026

Barney Frank, who died this week, co-authored the landmark financial reform law — but insiders say industry lobbyists and the Trump administration have gutted much of it.

Public EV Chargers May Be Harder to Find if Funds Are Cut by Congress

and on May 19, 2026

Congress is poised to end the $5 billion NEVI charger program — just as EV sales slip and 20% of prospective buyers cite unreliable charging networks as their top concern.

More Americans Tap Emergency Savings as Transportation Costs Surge

and on May 19, 2026

Emergency savings withdrawals for gas and car repairs jumped 35% year-over-year as rising transportation costs threaten households living paycheck to paycheck.

US 30-Year Bond Hits Nearly 20-Year High. What Does It Mean for You?

and on May 19, 2026

The 30-year Treasury yield just hit 5.2% — its highest since 2007 — and while it won’t spike your credit card rate directly, it’s quietly pressuring stocks and raising costs for taxpayers.

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