Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

Court Blocks Trump's SNAP Reductions, But Stricter Eligibility Rules Begin

Mohd Haider
November 02, 2025

The new Supplemental Nutrition Assistance Program (SNAP) rules that went into effect on Saturday will not issue benefits through November due to the government shutdown, according to the United States Department of Agriculture website. The USDA states that Senate Democrats have voted 13 times against funding the program.

Source: USDA

New Eligibility Rules Begin

President Trump‘s One Big Beautiful Bill Act takes effect Saturday, introducing new rules expected to reduce federal spending by $186 billion over the next decade. According to The Hill, the law’s biggest change would require able-bodied adults without dependents to demonstrate 80 hours of work, education, or training per month in order to remain eligible after three months.

Expanded Work Mandates

All able-bodied adults under 65 must show proof of work to keep receiving benefits under the U.S.'s largest nutrition assistance program. Parents with children under 14 are now exempt from the work requirement, lowered from the previous age of 18.

See Also: Donald Trump Faces Broad Discontent as 60% Americans Disapprove of His Economic Leadership

Young adults, veterans, and homeless individuals must meet work requirements for benefits beyond three months.

The report notes that new rules for non-citizens are also going into effect, affecting lawful permanent residents, Cuban and Haitian entrants, and undocumented immigrants.

Court Intervention And Contingency Funding

U.S. District Judge John McConnell on Friday blocked the Trump administration from reducing SNAP benefits.

“SNAP benefits have never, until now, been terminated,” McConnell said at a hearing.

Approximately $5.25 billion in contingency reserves exists, though Agriculture Secretary Brooke Rollins said November requires $9.2 billion. She also accused Democrats of putting free healthcare for illegal aliens and their political agenda ahead of food security for American families.

On Friday, Trump wrote on Truth Social that conflicting court rulings create uncertainty over legal authority, directing his lawyers to clarify SNAP funding rules.

Read Next:

  • Obama Warns 47 Million Americans Face Food Shortages As Courts Force Trump To Restore SNAP Benefits

Photo: Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Popular

Five 2026 vehicles you should absolutely wait for

Don’t buy that new car yet. If you can wait, you’ll have new 2026 model year options that aren’t out yet. Although some models barely change, others are completely redesigned and often get the latest features and improvements. Whether you’re interested in improved fuel economy, cutting-edge technology, or maybe just fresh and distinctive styling, there’s likely a car on the horizon that you’ll be interested in. To ensure you don’t miss out on the latest and greatest, the car experts at Edmunds highlight five vehicles you should consider waiting for.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

Cathie Wood Dumps $3.7 Million Of Palantir Stock Despite AI Boom — Here's What She's Buying Instead

Ark Invest boosted positions in Qualcomm and BYD, while trimming Palantir and Shopify. Ark also acquired shares of China's BYD despite recent recall.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Trump's not going to the Supreme Court hearing on tariffs. But his treasury secretary will be there

WASHINGTON (AP) — President Donald Trump won't be going in person to the Supreme Court hearing Wednesday that will determine the at the heart of his economic and foreign policy -- but his treasury secretary says he will be there.

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

OpenAI's ChatGPT To Allow Erotica For Adults: Not 'Moral Police Of The World,' Sam Altman Says

OpenAI will begin allowing erotica and adult-themed content on ChatGPT, marking a major shift in the company's content policy.

Trump Commutes Former Rep. George Santos' Seven-Year Prison Term: '... Has Been Horribly Mistreated'

President Donald Trump announced on Friday that he commuted the prison sentence of former congressman George Santos (R-N.Y.), ordering his immediate release.

Is Big Pharma's Next Target Already in Play? - Ad

A small biotech may have cracked one of medicine's biggest problems-how to deliver cancer drugs safely and effectively. With patented technology and promising early data, it's already catching the attention of Big Pharma.

Trump's immigration crackdown weighs heavy on the US labor market

Maria worked cleaning schools in Florida for $13 an hour. Every two weeks, she’d get a $900 paycheck from her employer, a contractor. Not much — but enough to cover rent in the house that she and her 11-year-old son share with five families, plus electricity, a cellphone and groceries.

Gold Bars Are Pouring, but This Miner is Still Priced Like a Startup - Ad

You'd expect a gold miner with production, a full refinery, and big-name investors to be trading at a premium. But this one? It's still under $1

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Supreme Court will consider whether people who regularly smoke pot can legally own guns

WASHINGTON (AP) — said on Monday that it will consider whether people who regularly smoke marijuana can legally own guns, the latest firearm case to come before the court since .

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Faulty engineering led to implosion of Titan submersible headed to Titanic wreckage, NTSB finds

PORTLAND, Maine (AP) — Faulty engineering led to the implosion of an experimental submersible that killed five people on the way to the wreck of the , the National Transportation Safety Board concluded in a report Wednesday.

Trump May Finally Take Freddie And Fannie Public, Says Bill Pulte: No Limit To 'What They Could Be Worth' With $7 Trillion In Assets

President Donald Trump is evaluating plans to take mortgage giants Federal National Mortgage Association (OTC: FNMA), or Fannie Mae, and Federal Home Loan Mortgage Corp (OTC: FMCC), or Freddie Mac, according to Bill Pulte, the Director of the Federal Housing Finance Agency.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

LKQ Corp Reveals German Solar Power Partnership

LKQ shares rose after it announced a 20-year solar power deal in Germany, advancing its sustainability and emissions goals.

TotalEnergies Profit Outlook Brightens On Refining Strength

TotalEnergies (NYSE: TTE) expects 3Q25 performance to improve with 4% Y/Y increase in oil & gas production.

Buy This AI Stock Tomorrow Morning? - Ad

A former hedge fund manager known for spotting early winners is sounding the alarm once again. He's turning his focus to a little-known AI company that just earned a near-perfect score in his new proprietary stock grading system. He reveals the name, ticker symbol, and why this could be the smartest AI move of the year.

Dogecoin's $0.21 Problem: Why This Analyst Says Keep It On Your Radar

On Monday, social media influencer Ali Martinez, known popularly on X as Ali, drew the attention of the crypto community to an important resistance level for Dogecoin (CRYPTO: DOGE).

What to know as the annual sign-up window for health insurance arrives

Higher prices, less help and all hang over health insurance markets as shoppers start looking for coverage this week.

Central Banks Are Buying More Gold Than Ever-And This U.S. Miner Is Ready to Oblige - Ad

Central banks are rapidly increasing their gold reserves-now nearly 20% of global assets. With rising demand and geopolitical pressure, U.S. gold supply is becoming more strategic than ever.

Texas Instruments Stock Is Tumbling Today: Here's Why

Texas Instruments shares are trading lower on Wednesday after the company issued fourth-quarter earnings and revenue guidance below analyst estimates.

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch.

AP Business News Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom’s .

Dutch Supreme Court rejects Russia's final appeal in $50B Yukos case

THE HAGUE, Netherlands (AP) — The Dutch Supreme Court on Friday rejected a final appeal by against a $50 billion arbitration award to former shareholders of Russian oil giant Yukos, who claimed Moscow deliberately bankrupted the company more than 20 years ago.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Ro Khanna Alleges Trump 'Enriching' Himself Through 'Unprecedented' Corruption, To Propose Crypto Trading Ban On President, First Family

Rep. Ro Khanna (D-Calif.) announced Saturday he will introduce a resolution prohibiting President Donald Trump and his family from engaging in cryptocurrency business and accepting foreign funds.

Weekend Round-Up: Crypto World Buzzes With Coinbase, Cathie Wood, Melania Trump And Bitcoin News

There was a whirlwind of activity in the cryptocurrency world this week. From optimistic predictions by Coinbase Global Inc. CEO Brian Armstrong to Cathie Wood's backing of a major Ethereum holder, the crypto market was abuzz with news.

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

As San Francisco Rents Surge, AI Startups Offer Housing Benefits To Keep Workers Close

AI startups like Cluely and Lindy are offering luxury housing and six-figure salaries to compete for top talent amid soaring Bay Area rents.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service