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Wednesday, October 29
Money
Asian equities were mostly higher overnight, supported by easing trade tensions between the United States and China and positive sentiment from President Trump, who is in the region. Hong Kong was closed for Chung Yeung Day, which is also known as “Tomb Sweeping Day” and is when families honor their ancestors.
When SNAP benefits pause during government shutdowns, the effects ripple through mothers, children, and local economies, revealing the hidden costs of halted aid.
The U.S. national debt has surged past $38 trillion – roughly 125% of GDP, the highest level since World War II. Analysts have warned of an impending debt crisis.
Billionaire George Raymond Zage III and James Lu—who own a combined 64% of Grindr—are making an offer as the company’s shares tumbled this year despite an improvement in net profit.
It’s a situation notably last seen in the 1970s. Stagflation is tenacious, disrupting, and difficult to battle as it combines two normally opposing forces.
Nedra Agnew’s eclectic career path—from public health and foreign service to wealth management—now powers a diverse practice focused on first-generation Black family wealth.
The 2026 Social Security COLA fails to match inflation because benefits lag, Medicare costs rise, CPI-W is quirky and older women lose most.
Honeywell International stock has surged 6.8% over the last trading day and is now priced at $220.67.
ClearBridge’s Jeffrey Schulze analyzes whether surging stocks reflect a bubble or a boom, noting fundamentals and policy support suggest continued growth into 2026.
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