Propel, Backed by JPMorgan Chase, Introduces $20M SNAP Relief Fund Amid Government Shutdown Delays for Millions of Families Seeking Food Benefits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 09 2025
0mins
Should l Buy JPM?
Source: Yahoo Finance
Emergency Fund Launch: Propel launched a $20 million emergency fund on Oct. 28 to provide direct cash assistance to families affected by delays in SNAP benefits due to the government shutdown, offering $50 transfers to eligible recipients through its app.
Support and Partnerships: The initiative received backing from notable figures and organizations, including Serena Williams and JPMorgan Chase, and quickly raised over $5 million, with Propel partnering with GiveDirectly to manage the distribution of funds.
User Impact: The Propel app serves over 5 million SNAP households, with many users reporting critically low EBT balances. The app allows users to check their benefits and access exclusive savings, highlighting the financial struggles faced by families during the shutdown.
SNAP Benefit Delays: The USDA confirmed on Nov. 3 that SNAP benefits would be partially paid at 50%, but delays would continue, prompting Propel to offer additional support through partnerships with grocery platforms to help families manage their food budgets.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 295.380
Low
260.00
Averages
341.38
High
400.00
Current: 295.380
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Educational Programs: The funding will support the launch of real-world learning programs at Morehouse College, Georgia State University, and Spelman College, connecting students with leading clean tech entrepreneurs to cultivate the next generation of clean tech professionals.
- Incubator Development: The initiative will also fund site identification and feasibility planning for Atlanta's first clean tech hardware and testing incubator, addressing the urgent market need for small flexible industrial spaces that assist startups in product validation and team growth.
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See More
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- GDP Outlook Adjustment: JPMorgan has revised its Q2 GDP forecast downward due to weaker tax refunds and rising oil prices, reflecting a cautious stance on economic growth.
- Inflation Expectations Shift: Kelly anticipates that CPI could rise to around 3.5% to 4% by June, but expects it to cool off quickly thereafter, projecting a return to the Fed's 2% target by year-end and potentially dipping below that in 2027.
- Expected Policy Support: He also foresees some form of support from Washington, possibly in the shape of tariff-related rebates, to alleviate economic pressures.
See More
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- Strong Employment Data: The U.S. March jobs report revealed an addition of 178,000 jobs, significantly surpassing the Dow Jones estimate of 59,000, suggesting a healthy labor market that could alleviate concerns about stagflation driven by rising oil prices.
- IPO Surge: SpaceX confidentially filed for an IPO, potentially valued at $1.75 trillion, while OpenAI and other startups are also considering going public, which could bring new capital inflows and investment opportunities to the market.
See More
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- Unemployment Rate Decline: The unemployment rate fell to 4.3%, below the expected 4.4%, although the labor force participation rate slightly dropped to 61.9%, suggesting that while the job market is improving, many individuals may be exiting the workforce, potentially impacting future economic growth.
- Wage Growth Slowdown: Average hourly earnings rose by 0.2% month-over-month, below the expected 0.3%, with a year-over-year increase of 3.5%, indicating that slowing wage growth may face inflationary pressures, which could affect consumer spending and overall economic vitality.
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See More
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- Investor Behavior Shift: Although the 'TACO trade' performed strongly initially, retail investor activity has declined amid the Middle East war, reflecting market concerns over uncertainty and a cautious outlook on future returns.
- Tariff Policy Impact: Trump's high tariffs on China caused the S&P 500 to drop 5.4% over the following seven trading days, while the Treasury Secretary's comments prompted a short-term rebound of 6.3%, highlighting the direct impact of policy communication on market sentiment.
- War and Market Volatility: At the onset of the Middle East war, the S&P 500 fell 5.4%, but after Trump announced constructive talks with Iran, the index rebounded 1.15%, indicating the market's sensitivity to diplomatic policy changes and its potential impact on stock performance.
See More
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- Market Rebound Signal: The S&P 500 index rose 3.4% by the end of the holiday-shortened week, marking its best performance since May, indicating increased investor confidence in a market rebound despite fluctuations on Thursday.
- Oil Price Impact Analysis: With U.S. gasoline prices surpassing $4 per gallon, concerns about future inflation have intensified, particularly as the conflict in the Strait of Hormuz has driven up key commodity prices, and the upcoming consumer price index is expected to reflect the war's economic impact.
- Market Risk Warning: Despite the rebound, Siebert Financial's investment chief Mark Malek cautioned that current volatility is not over, advising investors to be cautious with short-term trades, especially during the holiday weekend when ground military actions could escalate.
- Future Data Outlook: Next week will bring significant economic data, including the March consumer price index, which is expected to jump from 2.4% to 3.1%, serving as the first key indicator to assess the war's impact, prompting market participants to closely monitor these figures to adjust their investment strategies.
See More
