Here are the most important news items that investors need to start their trading day.
, which have broader business models and are better equipped to handle upheaval in financial markets. Still, it doesn't mean the broader banking sector is out of the woods, just yet. Another crisis could get deposits moving again, in a flash.Shawn Fain, candidate for UAW president, is in a run-off election with incumbent Ray Curry for the union's highest-ranking position.in leadership.
this month as pandemic-era emergency funding for Supplemental Nutrition Assistance Program, or SNAP, benefits run out. For many families, they will be left without at least $95 a month to pay for food. The change comes at a particularly precarious time for low-income Americans, as commodity inflation and corporate price increases make it even more expensive to put food on the table. The Fed, meanwhile, has been raising interest rates to fight inflation and cool the economy.
– CNBC's Alex Harring, Hugh Son, Michael Wayland, Melissa Repko, Natasha Turak and Ruxandra Iordache contributed to this report.
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