"Last night, in a 60-40 vote, the U.S. Senate passed several bills to (1) fund SNAP, WIC, and veterans' benefits through the end of fiscal 2026; (2) restore funding generally across the government through January 30; and (3) and reverse federal government employee layoffs that had taken place earlier in the shutdown. The funding bills next go to the U.S. House for approval, with a vote expected as early as Wednesday."
"Educator Chegg ( NYSE: CHGG) reported breakeven earnings last night, six cents better than the $0.06 per share loss that analysts expected. Revenue was also a positive surprise at $77.7 million for the quarter, and Chegg stock is up 5% this morning. Advertising company PubMatic ( Nasdaq: PUBM) beat earnings by a quarter last night with a surprise profit of $0.03 per share."
The U.S. Senate approved bills in a 60-40 vote to fund SNAP, WIC, and veterans' benefits through the end of fiscal 2026, restore general government funding through January 30, and reverse federal employee layoffs from the shutdown. The measures will move to the House for a vote expected as early as Wednesday and are expected to be signed into law, ending a shutdown that has lasted 41 days and enters its 42nd. Markets reacted positively yesterday, with the Vanguard S&P 500 ETF rising then giving back some gains. Earnings season is winding down, and several companies reported upside surprises, including Chegg, PubMatic, and Rocket Lab.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]