SNAP benefits are back online for December, but the program looks different than it did before the shutdown.
The big picture:November's mass chaos over the freezing of Supplemental Nutrition Assistance Program (SNAP) payments is over, but new work requirements and Trump administration threats make qualifying for benefits — and potentially receiving them — more fraught.
The Trump administration will pause aid for Democrat-led states that don't provide the government with identifying information about SNAP recipients, such as immigration status, Agriculture Secretary Brooke Rollins said on Tuesday.
Why it matters: If the administration goes through with the threat, millions of Americans could lose their SNAP benefits, sometimes known as food stamps, just over a month after recipients were put in limbo during the longest-ever government shutdown.
Have you ever used a buy now, pay later plan? Well, it turns out those loans can come with more risks than the companies disclose upfront.
Why it matters:BNPL loans from providers like Affirm, Afterpay, Klarna and PayPal are nearly ubiquitous at checkout — but regulators warn they could saddle shoppers with hidden fees, steep interest or long-term credit damage if payments are missed.
President Trump unveiled a new form Tuesday that parents can use to sign their children up for "Trump accounts."
The big picture: Trump accounts are tax-advantaged savings and investment accounts for children, and will guarantee kids born between 2025 and 2028 some $1,000 in seed money from the U.S. Treasury to start their holdings.
Also known as 530A accounts or Invest America accounts, contributions to Trump accounts will be accepted starting July 4, 2026, Trump said on Tuesday.
Attorney General Kris Mayes is suing Chinese retailer Temu, claiming the company violated the Arizona Consumer Fraud Act by harvesting shoppers' data and counterfeiting local brands.
Why it matters: Temu, a shopping app that sells low-priced clothes and trendy merchandise mass-produced in China, is one of the most popular online retailers in the U.S. — but politicians across the political spectrum are raising concerns about its business practices.
CNN has struck a partnership with Kalshi, the world's largest global prediction market company, bringing Kalshi's data to its journalism across its television, digital and social channels, executives tell Axios.
Why it matters: The collaboration marks the first major news partnership for Kalshi, as it looks to establish itself as the most authoritative source of information about the real-time probabilities of major cultural and political future events, CEO and co-founder Tarek Mansour tells Axios.
Nvidia's CFO on Tuesday rejected the argument that competitors are catching up to the world's most valuable company and insisted that the AI economy is not in a bubble.
Why it matters: Nvidia briefly passed the $5 trillion market cap threshold in October, becoming the first company to do so, but the stock is down more than 11% over the last month amid concern about competition.
The U.S. government has agreed to invest $150 million into xLight, a Silicon Valley-based developer of new technologies for semiconductor manufacturing.
Why it matters: This would be the Trump administration's first new award under the CHIPS Act, a Biden-era law designed to boost domestic chip production and research.
Private equity firm Torque Capital Group has acquired Joe Gibbs Manufacturing Solutions, a maker of composites and assemblies for aerospace and defense applications, from Joe Gibbs Racing.
Why it matters: It's not often that you see a manufacturer pivot from race cars to rockets.
Omnicom will lay off about 4,000 employees, and an additional 10,000 people will be impacted by sell-offs, following the completion of its acquisition of rival Interpublic Group (IPG), executives tell Axios.
Why it matters: The cuts mark one of the biggest restructurings in the ad industry in years and comes as agencies adapt to new technologies and changing client demands.
Tech mogul Michael Dell said Tuesday he will pledge $6.25 billion to fund 25 million "Trump accounts" for kids.
Why it matters: The massive gift, likely one of the largest ever to benefit children, will extend the reach of the new child investment accounts beyond those made eligible by the "big beautiful bill."
Bitcoin was under pressure again on Monday, proving its tepid recovery last week would be difficult to sustain amid over $1 billion in forced liquidations within 24 hours.
Why it matters: Crypto is proving to be the ultimate risk-on asset, falling first and hardest at seemingly any sign of trouble across markets.
A potential increase in interest rates from the Bank of Japan is weighing on one of the most popular trades on Wall Street: the yen carry trade.
Why it matters: A rise in Japanese rates while the Federal Reserve cuts rates would thwart a borrowing strategy long used to buy risky assets like bitcoin and tech stocks.
Growth will slow and inflation will rise in the U.S. next year, the Organisation for Economic Co-operation and Development forecast Tuesday, as the labor market weakens and tariff price pressures remain.
The big picture: The pessimistic forecast has an even gloomier caveat: Things could get worse if the AI-driven stock market bubble were to burst.
Though President Trump was named Time Magazine's "2024 Person of the Year," something — rather than someone — may be in the running for the title this year: Artificial Intelligence.
The big picture: Time's Person of the Year issue has been published for nearly a century, but Polymarket predicts this could be only the second time a non-human wins the designation — edging out contenders like Nvidia CEO Jensen Huang, Pope Leo XIV and Trump.
