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The Trump administration recently said it would not pay any SNAP benefits, but then offered partial funding of the food stamp program after a judge’s ruling.
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Datadog’s stock soars 23% on revenue beat, posts second-best day ever
Datadog has rolled out multiple artificial intelligence technologies as the AI boom boosts demand for cloud security. -
Duolingo stock plunges 25%, its worst session ever, as company prioritizes user growth
CEO and co-founder Luis von Ahn told CNBC that the company has shifted its investment strategy in recent months to focus on long-term initiatives. -
Doordash has biggest one-day drop ever, as stock falls 17% on spending concerns
Doordash has already shelled out billions this year to buy restaurant booking platform SevenRooms and British delivery platform Deliveroo. -
Economic calendar in Asia Friday, November 7, 2025 – Fed speakers, China trade data
Data for Chinese overseas trade data for October is due today, the 0300 GMT time listed in the screenshot should be used as a guide only.
Both exports and imports are expected to have grown, but at a slower pace in October than in September.
There are a couple of late in the (US) day speeches from Federal Reserve officials due also.
This article was written by Eamonn Sheridan at investinglive.com.
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Solstice earnings brought no big surprises, but shares of the spinoff remain volatile
Solstice Advanced Materials declined Thursday following the company’s third-quarter results. -
Snap stock jumps 9% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app. -
McDonald’s U.S. boss puts focus on ‘value and affordability’ as consumer spending splits
McDonald’s U.S. President Joe Erlinger told operators the brand was “moving in the right direction” as it continues a more-than-yearlong push on value. -
Reeves has plans to raise personal taxes – report
Rachel Reeves has told the Budget watchdog that she plans to increase income tax, according to Steven Swinford from The Times.
Reeves informed the OBR that personal tax measures will be included in her budget on November 26 but the report notes that the plans could still be reversed.
“The chancellor is considering a 2p rise in income tax and a 2p cut in national insurance,” the report says.
It will be offset somewhat as “she is considering limiting the national insurance cut to earnings below £50,270, reducing the rate from 8 per cent to 6 per cent,” according to the report.
This article was written by Adam Button at investinglive.com.
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US stock markets bounce from the lows, though still deeply red
I’m loathe to attach any market moves to the US government shutdown as it was never a reason to sell and shouldn’t by a reason to buy. That said, it would be nice if it ended and there was a slightly positive development that’s fitting within the ‘this weekend’ timeline that I outlined earlier this week.
Cami Mondeaux from Deseret News reports:
I’m told plan is to keep Senate in this weekend to work on reopening government. That could always change
Dems came out of their lunch appearing unified to hold strong on ACA demands for now. Few of them said they are seeing progress toward a solution
That’s not much to hang a hat on but another day in stocks like today would certainly motivate all sides to compromise. On that front, the S&P 500 remains down 47 points but is more than 40 points from the session lows. All of that has come in the past two hours.
The Nasdaq is still underperforming, down 1.3% while the Russell 2000 is down 1.4%.
This article was written by Adam Button at investinglive.com.
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