WSJ Opinion: Trump Continues to Pressure Powell
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Stock market today: Dow, S&P 500, Nasdaq futures trade flat ahead of week poised to shake markets
US stock futures traded flat as Wall Street prepared for fresh earnings and economic data amid a blockbuster week poised to shake markets. Futures attached to the Dow Jones Industrial Average (YM=F) held steady. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. On Monday, the S&P 500 and Nasdaq eked out record highs amid an otherwise subdued trading session as Wall Street digested a new trade deal between the US and EU. Read more: The latest on Trump's tariffs Wall Street heats up Tuesday. Boeing (BA) and Starbucks (SBUX) are set to report earnings with investors eager for signs of turnarounds underway, while Spotify (SPOT) is expected to issue results that feature cautious guidance. Fresh data on job openings from the Labor Department is also set to land, along with a new reading of the Conference Board's consumer-confidence index. Later in the week, investors are bracing for market-moving decisions and results, including the Federal Reserve's next move on interest rates, the July jobs report, and earnings from tech giants Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Meta (META). Finally, President Trump's deadline for trading partners to strike deals or else face blanket tariff rates arrives Friday amid a new wave of talks between the US and China. Sign in to access your portfolio
Yahoo
13 minutes ago
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States file lawsuit against Trump administration over efforts to collect SNAP recipients' data
Washington (AP) — A coalition of 20 state attorneys general filed a lawsuit Monday challenging the Trump administration's demand that their states turn over personal data of people enrolled in a federally funded food assistance program, fearing the information will be used to aid mass deportations. The data demand comes as the Trump administration has sought to collect private information on mostly lower-income people who may be in the country illegally. It has already ordered the Internal Revenue Service and the Centers for Medicare and Medicaid Services to share private information with the Department of Homeland Security to aid in deportation efforts. The U.S. Department of Agriculture told states last week that it had until Wednesday to hand over the data for those enrolled in its Supplemental Nutrition Assistance Program, or SNAP, which serves more than 42 million people nationwide. The USDA said the data will help it combat waste, fraud and abuse. The states' lawsuit seeks an injunction to block the data transfer. In the meantime, state attorneys general in the SNAP lawsuit said they will not disclose what they consider to be private information of recipients — including their immigration status, birthdates and home addresses — because they believe it would be a violation of privacy laws. 'It's a bait-and-switch of the worst kind,' California Attorney General Rob Bonta said in a Monday afternoon news conference announcing the lawsuit. 'SNAP recipients provided this information to get help feeding their families, not to be entered into a government surveillance database or be used as targets in the president's inhumane immigration agenda.' In May, the department announced it was seeking the data as part of President Donald Trump's executive order to obtain data from state programs to help root out fraud and waste. 'For years, this program has been on autopilot, with no USDA insight into real-time data,' USDA Secretary Brooke L. Rollins said in a statement at the time. 'The Department is focused on appropriate and lawful participation in SNAP, and today's request is one of many steps to ensure SNAP is preserved for only those eligible.' USDA officials declined a request for comment on the suit. The USDA did not mention immigration enforcement in the announcement or later notices. It is not clear why USDA officials believe the data will help it weed out fraud and abuse. The agency claims the program is already 'one of the most rigorous quality control systems in the federal government.' Immigration advocates noted that the Trump administration has used the same argument to obtain other sensitive data, only to later admit it would be using the information to enhance its deportation operations. Trump administration officials, for example, initially claimed they were seeking state Medicaid data to fight fraud. Last week, a top immigration official conceded they would be utilizing that same information to locate immigrants. Agency officials have threatened to withhold SNAP funding if states fail to comply with their demand for data. While immigrants without legal status are ineligible to receive SNAP benefits, they can apply on behalf of their children who are U.S. citizens or those who are part of a mixed-status household. Under the program, formerly known as food stamps, the federal government pays for 100% of the food benefits, but the states help cover the administrative costs. States are also responsible for determining whether individuals are eligible for benefits and for issuing those benefits to enrollees. Immigration and data privacy advocates expressed alarm at the Trump administration's efforts to obtain sensitive SNAP data maintained by states. 'The administration has all but told us that their intention is to comb this data and use it for unlawful purposes that include immigration enforcement,' said Madeline Wiseman, an attorney with the National Student Legal Defense Network, which filed a lawsuit in May with privacy and hunger relief groups that are also challenging USDA's efforts for SNAP data. —- Contact the AP's global investigative team at Investigative@ or
Yahoo
13 minutes ago
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Baker Hughes nears $13.6 billion deal to buy Chart over the head of rival suitor, FT reports
(Reuters) -Oil and gas equipment supplier Baker Hughes is close to a $13.6 billion cash deal to acquire U.S.-based equipment manufacturer Chart Industries (GTLS.N), the Financial Times reported on Monday, citing sources familiar with the matter. This potential acquisition would supersede an earlier agreement between Chart Industries and Flowserve, a flow control systems maker, which announced in June an all-stock merger valuing the combined company at about $19 billion. Baker Hughes, Chart Industries, and Flowserve did not immediately respond to Reuters request for comment . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
