Business

'Trump Accounts' launch with $1,000 for eligible newborns as government ties rollout to July 4

A new federal savings program seeds tax-advantaged investment accounts for young U.S. children with a one-time $1,000 government contribution, drawing both corporate backing and criticism over how much it helps low-income families.

Jul 4Reviewed

Business

Dow closes at record as softer June jobs data cools rate-hike bets; chip losses weigh on Nasdaq

The Dow rose more than 1% to a record close as the U.S. added 57,000 jobs in June, below forecasts, while a second day of semiconductor losses weighed on the Nasdaq.

Jul 3Reviewed

Business

Meta is building a play-money prediction market, keeping it outside US derivatives rules for now

After weighing a Kalshi takeover, Meta is developing an app code-named Arena. Its use of 'play money' keeps it outside the CFTC's jurisdiction for now, a legal expert told NPR, as it eyes a market featuring Polymarket and Kalshi.

Jun 30Reviewed