Michigan food assistance program expands to low-income college students
The state of Michigan is expanding its food assistance program in an effort to ensure college students struggling financially during the COVID pandemic can get help buying food. Gretchen Whitmer and the Michigan Department of Health and Human Services (MDHHS) announced Wednesday that the Supplemental Nutrition Assistance Program (SNAP) benefits program will expand to low-income college students starting Thursday, April 1. Related: Michigan gains federal approval for second round of Pandemic-EBT benefitsAdThis could make about 200,000 more Michigan college students eligible. This is the second action taken by MDHHS during the pandemic to help college students buy food. Working with the Michigan Department of Labor and Economic Opportunity, MDHHS last year expanded food assistance eligibility to many college students enrolled in career and technical education programs.
Booking Holdings vs Pinterest, Snap: Analysts' call on reopening puts two traders at odds
Bank of America analysts brought that question into focus on Monday in a note upgrading Booking Holdings and downgrading Pinterest and Snap, citing changing tides on the interest rate front that could put a crimp on stay-at-home stocks' valuations. "This is not a call that Snap or Pinterest will miss estimates," the note said. "This is a call that stocks could be range bound and we have better reopening ideas." Booking Holdings finished trading down nearly 2.5% on Monday, backing off its all-time high set Wednesday. Instead, it's likely to come at the expense of higher-dividend-paying, lower-volatility sectors, leaving Pinterest and Snap as the long-term winners, he said.cnbc.com
Amazon will present for the first time at NewFronts, a major digital advertising event
Amazon will join companies like Twitter, Snap and Google's YouTube in pitching advertisers at the Interactive Advertising Bureau's NewFronts event. The spring NewFronts are digital media's take on the traditional TV upfronts, when advertisers have traditionally committed a large amount of their yearly TV spending. Amazon's ad business has commanded a growing market share in the digital ad industry, a theme that appears likely to continue this year. The survey was based on responses from 52 senior U.S. ad buyers in December who represent $15 billion in U.S. ad spend. The IAB said its 2020 event drew more than 14,000 brands, agencies and media buyers.cnbc.com
Snap acquires Berlin company that helps online shoppers pick clothes that fit properly
Fit Analytics is the maker of a product called Fit Finder, which businesses use to help online customers pick properly fitting clothes in an effort to reduce returns. Fit Finder uses machine learning and customer-provided information to make its recommendations. More than 100 Fit Analytics employees will join Snap and continue to operate out of Berlin. The company will also continue to build Fit Finder and other products for its clients. The team will also work closely with Snap's product group on e-commerce and shopping products, Snap said.cnbc.com
Snap CEO touts ad platform, predicts rapid growth even without new users or more engagement
Snap CEO Evan Spiegel on Wednesday said that the company's previous forecast of multiple years of more than 50% revenue growth is achievable even without any additional user or engagement growth. "The 50% number actually isn't predicated on any further user growth or any engagement growth. Peter Sellis, Snap's senior director of ad products, said last week at the company's annual investor day that Snap was "in a position to drive multiple years of 50% plus revenue growth." The company can increase advertising revenue by growing its average revenue per user. Snap shares were down more than 6% late in the day, amid a broader market sell-off of tech stocks.cnbc.com
Snap stock pops as company tells investors it's on track for several years of 50% growth
Shares of Snap popped suddenly on Tuesday after it announced that is in position to drive multiple years of revenue growth of more than 50% during the company's investor day. "Via the work on our self-serve ad platform, we're in a position to drive multiple years of 50% plus revenue growth," Peter Sellis, Snap's senior director of ad products, told investors. Sellis explained how the company has been building out its Ads Manager self-serve ad tool since its launch in 2017. Now, Snap has built out its self-serve advertisement ecosystem that has driven cost per impression for Snap while driving return on investment for advertisers, Sellis said. "That makes these ads more relevant and it makes Snapchatters more likely to engage with them.cnbc.com
Michigan gains federal approval for second round of Pandemic-EBT benefits
Gretchen Whitmer and the Michigan Department of Health and Human Services (MDHHS) are announcing that the state has gained federal approval for a second round of Pandemic-EBT benefits. “I am happy that Michigan families will be able to count on this additional support to help them access nutritious meals during the ongoing pandemic. Households that already receive food assistance will receive the Pandemic-EBT payments on their Bridge Cards. Families that do not already receive food assistance will receive Pandemic-EBT cards in the mail that they can use to purchase food. Last school year, Michigan was the first state in the nation to gain approval of and distribute Pandemic-EBT benefits.
Unlike Zuckerberg, Snap CEO Spiegel says Apple's iPhone privacy change is good for consumers
Snap CEO Evan Spiegel told CNBC on Friday that while Apple's upcoming iPhone privacy changes will certainly be disruptive for advertising, it's ultimately the right choice for its consumers. "We generally view this as a good thing overall for consumers, even if it's a little disruptive for advertisers in the near term." A significant portion of users are expected to say no, which is expected to make targeted advertising less effective. Spiegel's more casual nod toward the upcoming change is a dramatically different response than his Facebook peer Mark Zuckerberg. Overall, we feel really well prepared for these changes, but changes to this ecosystem are usually disruptive and the outcome is uncertain."cnbc.com
Facebook's not the only one worried about Apple's privacy change — Snap and Unity both just warned investors about it
Snap and Unity Software, which reported fourth quarter earnings after the bell Thursday, both warned of the upcoming impact from Apple's privacy changes set for this spring. But once a privacy update rolls out, app makers will be forced to ask permission to access a user's IDFA through a prompt. In prepared remarks for its Q4 earnings report, Snap chief financial officer Derek Andersen said the Apple changes would present a risk of interruption to demand after they're implemented. Additionally, the company plans to provide advertisers with more opportunities to provide their products and services to Snap users directly through Snapchat. She added: "Overall, we feel really well prepared for these changes, but changes to this ecosystem are usually disruptive and the outcome is uncertain."cnbc.com
Snap beats expectations but stock falls on light Q1 forecast
But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts' consensus expectations. Snap reported 265 million daily active users, up more than 6% from the 249 million the company reported in October. Snap expects year-over-year revenue growth of 56% to 60% for the first quarter, Snap Chief Financial Officer Derek Andersen said in prepared remarks. The company also expects to reach approximately 275 million DAUs in the first quarter, Andersen said. Additionally, the company plans to provide advertisers with more opportunities to provide their products and services to Snap users directly through Snapchat.cnbc.com
Tech companies could see blowout fourth quarters for ad revenue
Barclays analysts added last week that checks pointed to continued acceleration in the fourth quarter across the digital ad space. Here's what analysts foresee for the fourth quarter results of Google, Facebook, Snap, Pinterest, Twitter and Amazon ahead of their earnings. Barclays said its checks point to strength in search and YouTube in the fourth quarter. Those analysts project fourth quarter ad revenue growth of 26% year-over-year. They said tech, media and streaming and consumer packaged goods were all "solid" on Twitter in the fourth quarter.cnbc.com
Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more
Wells Fargo — Shares of the banking giant slipped more than 7% after Wells Fargo reported weaker-than-expected revenue for the fourth quarter. Plug Power – Shares of the hydrogen fuel cell company slipped more than 8% as investors took profits after the stock's big week. JPMorgan reported earnings of $3.79 per share, higher than the expected $2.62 per share profit, according to estimates from Refinitiv. The bank reported revenue of $30.16 billion, topping estimates of $28.7 billion. Citigroup — The bank slipped 4% after Citi reported mixed earnings for the fourth quarter.cnbc.com
Snapchat permanently bans Trump from its platform
Along with other popular social media platforms, Snap last week temporarily banned President Trump from its platform. Mr. Trump has since continued to violate Snapchat's guidelines dozens of times, according to the company. Snapchat, which has roughly 250 million daily users according to company data, said it removed each post and sent warnings to the president's social media team. Closing Mr. Trump's account was in the long-term interest of all Snapchat users, the company said. Mr. Trump had amassed nearly 90 million followers on his @realdonaldtrump Twitter account just before the ban.cbsnews.com
Amazon’s ad business will gain the most share this year, according to analyst survey
Cowen's survey was based on responses from 52 senior U.S. ad buyers in December who represent $15 billion in U.S. ad spend. It asked buyers their views on Amazon, Google, Facebook, Snap, Twitter, Pinterest and TikTok. Respondents on a spend-weighted basis said they expect Amazon's share of their digital ad spend to rise from 7% in 2020 to 11% in 2022. They wrote they believe Amazon's ad business' share of global digital advertising, excluding China, will grow from 8% in 2020 to 13% in 2026. Respondents also said they believe Amazon is most insulated from the impact of Apple's upcoming ad privacy changes.cnbc.com
Apple's upcoming iPhone privacy feature exposes Facebook and Snap to most risk compared with their peers, analysts say
Before using an app such as Facebook that tracks your data for targeted advertising, you'll be asked to enable the tracking. MKM analysts said they created a framework based on seven factors to determine the change's risk to online ad companies. The analysts said based on these parameters, Facebook and Snap have the highest potential headwind due to IDFA changes, followed by Twitter and Pinterest. In a December note, Bank of America analysts also said Facebook and Snap are most at risk from the changes, potentially creating a 3% revenue headwind for Facebook and a 5% headwind for Snap. They argue Twitter has some modest exposure to mobile app downloads, but the exposure is relatively small compared with that of Facebook and Snap.cnbc.com
Michigan extends additional food assistance for 350K through December
Michigan has extended its expansion of food assistance for 350,000 families through December as the COVID-19 pandemic continues. Michigan previously approved the additional food assistance beginning in March – and now that is being extended for the month of December with approval from the U.S. Department of Agriculture Food and Nutrition Service. More than 1.2 million people in Michigan receive federal Supplemental Nutrition Assistance Program (SNAP) benefits through the state’s Food Assistance ProgramHouseholds eligible for Food Assistance Program benefits will receive additional benefits in December to bring all current SNAP cases to the maximum monthly allowance for that group size. The 350,000 households that receive increased benefits represent more than 50 percent of the more than 680,000 Michigan households that received food assistance in September. “This additional food assistance is critically important to make sure Michigan residents have nutritious food to eat.”The federal government is providing additional funding to states for food assistance under House Resolution 6201, the Families First Coronavirus Relief Act.
Verishop's Imran Khan says recent IPO pops show 'epic level of incompetency' from bankers
When DoorDash and Airbnb went public last week, investors rallied around the stocks, sending them up 86% and 112%, respectively. But Verishop CEO Imran Khan said the public debuts showed extreme ineptitude by their investment bankers. "The last few IPOs, with the way they worked, it seems like an epic level of incompetency from the bankers," Khan said Tuesday on CNBC's "Squawk Alley." Airbnb priced shares at $68 each for a $3.5 billion haul, while DoorDash priced its IPO at $102 per share and raised $3.37 billion. Khan said that while he doesn't think the overall IPO system is broken, the people working on it could do better.cnbc.com
Snap stock climbs on optimism about augmented reality e-commerce, ad growth in 2021
Snap's stock rose as much as 7% on Thursday following reports highlighting the company's augmented reality strategy as it relates to e-commerce, and the potential for 20% growth in online advertising in 2021. AR allows users to superimpose computer-generated images over pictures they shoot of themselves or the real world around them. Already, Gucci and Champs Sports are among the brands that have used the technology to let users try on virtual sneakers. Additionally, Morgan Stanley on Thursday published its own analysis explaining why it believes online advertising can grow 20% in 2021. The note highlights that digital ad trends tied to an uptick in e-commerce could be permanent and the return of brand advertising in the third quarter.cnbc.com
Michigan extends additional food assistance for 350K through November
Michigan has extended its expansion of food assistance for 350,000 families through November as the COVID-19 pandemic continues. Michigan has provided additional food assistance since March – and now it is being extended for November with approval from the U.S. Department of Agriculture Food and Nutrition Service. Nearly 1.5 million people in Michigan receive federal Supplemental Nutrition Assistance Program (SNAP) benefits through the state’s Food Assistance ProgramHouseholds eligible for Food Assistance Program benefits will receive additional benefits in November to bring all current SNAP cases to the maximum monthly allowance for that group size. The 350,000 households that receive increased benefits represent more than 50 percent of the more than 682,000 Michigan households that received food assistance in September. The federal government is providing additional funding to states for food assistance under House Resolution 6201, the Families First Coronavirus Response Act.
Big Tech earnings showed digital ad revenue came roaring back
Big Tech's third-quarter earnings showed digital ad revenue came roaring back in recent months, and suggested some of the digital ad trends tied to the explosion of e-commerce could be here to stay. Alphabet, Facebook, Twitter and Amazon, which reported earnings Thursday after-hours, along with peers Snap and Pinterest, which reported earlier, showed strong digital advertising growth in the quarter as brand advertising started to rebound and sports made a return. And though digital advertising has been on the rise for years, events of this year appear to be accelerating existing trends like e-commerce growth, as consumers get comfortable buying online out of necessity. Research firm MoffettNathanson added that the recovery in digital advertising is "so rapid and voluminous that many of the leading digital platforms are now exceeding the ad growth they posted" before the pandemic in the fourth quarter of 2019. Here's what happened in the ad businesses of Google, Facebook, Twitter and Amazon this quarter and what they mean for the digital ad market.cnbc.com
Pinterest stock soars on big revenue beat and strong user numbers
Pinterest's stock price soared as much as 30% after hours on Wednesday as the company posted strong revenue and user growth in its third-quarter earnings. Pinterest's strong user growth was fueled by the adoption of international users. The company said the release of iOS 14 also fueled user growth as approximately 4 million people used Pinterest "for inspiration for customized background filters." Pinterest reported that advertiser demand was broad during the third quarter as businesses have adopted to the post-Covid environment. The company also announced that it is expecting fourth-quarter revenue to grow about 60% year-over-year, but Pinterest cautioned that it is continuing to navigate uncertainty given the pandemic.cnbc.com
Snap had a blowout quarter — it could signal a ‘bonanza’ for social companies
Deutsche Bank analysts wrote in a Tuesday note Snap's results implied a "bonanza for online advertising." Snap's ad revenue growth was 52% year-over-year. Twitter's business is especially driven by brand advertising and would see the benefit of a rebound in that spend. Snap's results signal how advertisers are behaving in their spending on platforms outside of the behemoths of Facebook and Google. Facebook shares closed up more than 4% Wednesday afternoon, while Google's closed up more than 2%.cnbc.com
Asian stocks follow Wall Street lower on lack of US aid plan
Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street. (AP Photo/Frank Franklin II)TOKYO – Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election. On Wall Street, the benchmark S&P 500 index lost 0.2% on Wednesday as U.S. political leaders wrangled over economic aid following the expiration of extra unemployment benefits that propped up consumer spending. On Wall Street, the S&P 500 declined to 3,435.56. Industrial and health care stocks declined.
Michigan extends additional food assistance for 350K through October
Michigan has extended its expansion of food assistance for 350,000 families through October as the COVID-19 pandemic continues. Michigan has provided additional food assistance since March – and now it is being extended for October with approval from the U.S. Department of Agriculture Food and Nutrition Service. Nearly 1.5 million people in Michigan receive federal Supplemental Nutrition Assistance Program (SNAP) benefits through the state’s Food Assistance ProgramHouseholds eligible for Food Assistance Program benefits will receive additional benefits in September to bring all current SNAP cases to the maximum monthly allowance for that group size. The 350,000 households that receive increased benefits represent close to 50 percent of the more than 800,000 Michigan households that received food assistance in August. The federal government is providing additional funding to states for food assistance under House Resolution 6201, the Families First Coronavirus Response Act.
Ann Arbor’s Food Gatherers addresses record-breaking food insecurity during pandemic
ANN ARBOR – Each month, local anti-hunger organization Food Gatherers continues to break records as it works to serve community members experiencing food insecurity brought on by economic hardship during the COVID-19 health crisis. Nearly half of these visitors had never sought emergency food before, and in August, one parent who attended Food Gatherers' Summer Food Service Program said it acted as a lifeline for her family. Without its thousands of volunteers, Food Gatherers had to drastically change the way it serves the community this summer. In response, Food Gatherers increased its monthly food distribution by nearly 30%, and broke its own record in June of the largest annual total pounds of food distributed. We expect there to be a real need for food for a very long time.”Anyone in need of food can contact Food Gatherers at 734-761-2796 or visit their website where they can find an up-to-date list of food distribution sites.
As ad market rebounds from coronavirus, Snap says it's 'feeling a lot of momentum'
Though the advertising market took a major tumble earlier this year due to the pandemic, the sector is making a recovery — and Snap wants advertisers to see it as a place where they're getting their money's worth. But its VP of Americas, Peter Naylor, said the platform is seeing many advertisers returning to normal. "We're feeling a lot of momentum, particularly around what I call accountable ads, you know, performance-oriented ads, because advertisers do want to get back and they are getting back into the groove," he told CNBC last week. "Everybody wants measurement, everybody wants some way to prove that the dollar spent is a dollar well invested," Naylor said. Naylor said retailers were also turning to a new "dynamic" ad offering that lets retailers upload a product catalog to Snap that's shown to relevant users.cnbc.com
Here’s how to use SNAP benefits at the Ann Arbor Farmers Market
Community members with an active EBT/Bridge card can purchase food through the Ann Arbor Farmers Market. According to the Ann Arbor Farmers Market website, those using SNAP dollars just need to swipe their food assistance card at the market office window. Previously, Double Up program tokens were limited to $20 but the Ann Arbor Farmers Market suspended that limitation so community members can stretch their food assistance benefits even further. The Westside Farmers' Market and Pittsfield Farmers Market also support food assistance programs including the Bridge Card and Double Up Bucks programs. The Ann Arbor Farmers Market is open from 7 a.m. to 3 p.m. Wednesdays and Saturdays at 315 Detroit St.Related:
Michigan extends additional food assistance for 350K through September
Michigan has extended its expansion of food assistance for 350,000 families through September as the COVID-19 pandemic continues. Michigan has provided additional food assistance since March – and now it is being extended for September with approval from the U.S. Department of Agriculture Food and Nutrition Service. Nearly 1.5 million people in Michigan receive federal Supplemental Nutrition Assistance Program (SNAP) benefits through the state’s Food Assistance ProgramHouseholds eligible for Food Assistance Program benefits will receive additional benefits in September to bring all current SNAP cases to the maximum monthly allowance for that group size. The 350,000 households that receive increased benefits represent close to 50 percent of the more than 800,000 Michigan households that received food assistance in August. The federal government is providing additional funding to states for food assistance under House Resolution 6201, the Families First Coronavirus Response Act.
Access to food aid eased for Michigan students in technical programs
LANSING, Mich. – Food assistance has been extended to students pursuing technical education. The state of Michigan said federal money will help pay for the program. Roughly 16,000 low-income college students who are enrolled in career and technical education programs could be eligible for SNAP, which stands for Supplemental Nutrition Assistance Program. “These SNAP benefits will help them focus on their educational needs and prepare for a successful future.”Previous eligibility requirements had made it harder for technical students to qualify for food assistance. “Expanding access to SNAP is a huge benefit to students who are juggling their courses along with work, family and other obligations,” said Mike Hansen, president of the Michigan Community College Association.
Michigan extends additional food assistance for 350K through August
Michigan has extended its expansion of food assistance for 350,000 families through August as the COVID-19 pandemic continues. Michigan previously approved the additional food assistance for March through July – and now that is being extended for the month of August with approval from the U.S. Department of Agriculture Food and Nutrition Service. “The department wants to provide additional assistance to help them through this health care and economic emergency.”Eligible clients will see additional food assistance benefits on their Bridge Card by August 30, with payments beginning for some households on Thursday, Aug. 20. Nearly 1.5 million people in Michigan receive federal Supplemental Nutrition Assistance Program (SNAP) benefits through the state’s Food Assistance ProgramHouseholds eligible for Food Assistance Program benefits will receive additional benefits in August to bring all current SNAP cases to the maximum monthly allowance for that group size. The 350,000 households that receive increased benefits represent close to 50 percent of the more than 700,000 Michigan households that received food assistance in June.
Additional food assistance now available through May to Michiganders impacted by coronavirus pandemic
Additional benefits through the Supplemental Nutrition Assistance Program (SNAP) have been available to Michigan residents as the coronavirus (COVID-19) pandemic left many struggling financially. MORE: Coronavirus in Michigan: Here’s where we stand Tuesday morningOfficials announced Tuesday that the additional resources -- which ensure eligible families can receive maximum monthly SNAP benefits amid the pandemic -- will continue to be available through the end of May. Additional resources were originally only approved for March and April; however, residents are still facing financial hardships due to the pandemic with record levels of unemployment present in the state. I will continue working around the clock to ensure Michigan families can access the food they need as we fight the COVID-19 pandemic.”The additional benefits will continue to serve about 350,000 Michigan households who could not access the maximum monthly benefits prior to the pandemic, officials said. About 1.5 million people in Michigan received SNAP benefits in April in total.
Facebook, Google and Snap have found their knight in shining armor as ad spending craters
Direct-response, or DR, advertising includes methods that drive consumers to take an immediate action, like download an app or buy something from an e-commerce site. Twitter, on the other hand, has had ongoing issues with its own direct response business. Wehner said the company hasn't given a specific number on how much of its advertising business is direct response. J.P. Morgan analysts wrote that though brand spending has weakened further in April, they believe direct response advertising is proving more resilient. Snap, which reported earnings last week, saw its direct response business as a star of the show.cnbc.com
Does this snap on colander save all of your pasta?
Do you get upset when you attempt to drain your pasta or noodles from the pot and almost half of them end up in the sink? This snap on colander is supposed to save your pasta from falling down the drain. It’s called Snap’n Strain, and Kila Peeples put it to the test for Try It Out Tuesday. The snap on colander can be found online, and costs between $8 -$12. Watch the video above to see how it works
Kroger Pickup to accept SNAP benefits amid pandemic
(Copyright 2017 The Associated Press. Kroger Family of Companies announced Thursday that its Michigan Kroger Pickup services will accept Supplemental Nutrition Assistance Program (SNAP) benefits amid the coronavirus (COVID-19) pandemic. MORE: Coronavirus in Michigan: Here’s where we stand todayKroger Pickup is a service that allows customers to order their groceries online and pick them up curbside at their Kroger store for minimal human contact. Click here to learn more on Kroger’s website. MORE: Kroger coronavirus plans: Customer limit, one-way aisles, masks, wellness checks, more
Snap is changing floor plans, considering temperature checks as employees return to offices, CEO says
Snap CEO Evan Spiegel said Wednesday that the company is making changes to its office floor plans and considering implementing temperature checks before employees return to work. "We're making changes to our floor plan, we're thinking about how we're going to be testing folks maybe through temperature or maybe a survey or other health conditions," Spiegel told CNBC's "Squawk Alley." "What we want to do is provide the option to return to our offices when it's safe." Since the Covid-19 outbreak began, companies have had to grapple with how to safely bring employees back to the office. Facebook CEO Mark Zuckerberg, for example, said last week the company will allow its workers to work from home throughout the summer.cnbc.com
Snap soars on strong growth in revenue, daily users
Snap on Tuesday announced its earnings results for the first quarter, sending its share price up as much as 20% in after-hours trading. Snap's user base grew to 229 million daily active users, up 20% from last year. That represents the highest year-to-year user growth the company has reported since the second quarter of 2017. Analysts surveyed by Refinitiv had expected a loss of 7 cents per share on $428.8 million in revenue for the first quarter. The new feature could help introduce Snap to more people, helping them company maintain the user growth that is critical to maintaining shareholder confidence and growing the company's advertising revenue stream.cnbc.com
Snap opens its Stories feature to more apps with App Stories
Snap on Tuesday announced the launch of App Stories, which brings the company's popular Stories feature to apps created by third-party software developers. App Stories will allow users to export their Snapchat photos and videos to other apps, theoretically expanding the number of people who can see content from the social app. At launch, App Stories will be available only on a handful of fairly obscure apps: Social apps Triller and Octi, video-calling app Squad and dating app Hily. Snap is also in talks to bring App Stories to more partners, said Snap VP of Partnerships Ben Schwerin. Snap argues that App Stories makes it easier for third-party software developers to easily bring Stories features onto their apps by simply using Snapchat's existing technology.cnbc.com
Michigan expands food assistance benefits, suspends SNAP work requirements amid coronavirus
DETROIT – Michigan is opening up additional food assistance benefits and suspending SNAP work requirements to assist residents during the coronavirus outbreak. About 350,000 Michigan families will have access to additional food assistance benefits as a response to the COVID-19 outbreak and about 27,000 individuals will be temporarily exempt from federal work requirements, Gov. Additional Food Assistance BenefitsHouseholds eligible for Food Assistance Program benefits will receive additional benefits in March and April to bring all current SNAP cases to the maximum monthly allowance for that group size. Eligible clients will see additional food assistance benefits on their Bridge Card by Monday, March 30. Without the waiver due to COVID-19, they could only receive food assistance benefits for up to three months within a 36-month period without meeting work requirements.
Growth hits new high against value, and three stocks could ride next leg higher
Growth stocks just did something they've never done before. The IVW growth ETF has surged relative to the IVE value ETF, breaking above 2000 highs to hit a record. Todd Gordon, managing director at Ascent Wealth Partners, said the tide has turned back to growth as the market leader. "What you're seeing here is growth outpacing value and that discussion everyone had over the last say six to 12 months in terms of value outpacing growth was just this little consolidation," Gordon said Thursday on CNBC's "Trading Nation." Michael Binger, president of Gradient Investments, is betting on one social stock to ride the next growth surge.cnbc.com
Jim Cramer says Facebook, Snap, Twitter and Pinterest earnings were 'about the expectations'
The "Mad Money" host crowned the stocks of Twitter and Pinterest as winners; denoted Facebook and Snapchat-parent Snap as losers. "None of them had perfect results, but Facebook and Snap had run going into the quarter, while Twitter and Pinterest had sold off ahead. So Facebook and Snap got pulverized while Twitter and Pinterest caught fire." Below is his assessment of their quarterly reports and stock actions:Snapchat, Facebook, Twitter, Messenger, Instagram and LinkedIn apps shown on a smartphone screen. "I think it's because the expectations for Twitter were lower, and also because the company's proven it can overcome adversity.cnbc.com
Snapchat unveils redesigned Spectacles sunglasses
(CNN) - Snap isn't giving up on its smart sunglasses.On Tuesday, the Snapchat parent company announced Spectacles 3, the latest version of its video-recording sunglasses now with new 3D effects and an eye-popping price tag. In a video teased on social media, Snapchat teased the new special effects users can add to their "Snaps" with Spectacles. Snap said Spectacles 3 is a limited-edition product, and it will produce less of the new sunglasses than it has in the past. Google is now focusing on offering augmented reality glasses for businesses and Apple is rumored to be developing AR glasses. "The high price and clunky user interface will make most Snapchat users simply look the other way," she said.