How to get $1,000 for your child through the new Trump account program
Yahoo Finance· 2025-12-17 12:02
Core Insights - The article discusses the introduction of "Trump Accounts," a new savings initiative aimed at providing financial support for children, particularly targeting lower-income families [1][6][30] Group 1: Program Overview - Trump Accounts will offer a one-time $1,000 contribution from the U.S. Treasury for eligible children born between January 1, 2025, and December 31, 2028 [24][29] - The program requires parents to fill out IRS Form 4547 to establish an account, which may deter participation due to the complexity of tax paperwork [3][6][31] - Contributions to Trump Accounts cannot be made before July 4, 2026, and the accounts will be limited to investments in broad U.S. equity index funds with low fees [5][27] Group 2: Participation and Enrollment - Automatic enrollment, similar to 401(k) plans, is not currently available for Trump Accounts, which may lead to lower participation rates [1][6] - Research suggests that participation could reach 40% to 50% with significant promotional efforts, but may decline if awareness is low [2][9] - The program aims to encourage families to save for their children's future, with additional contributions possible from family members and charitable organizations [28][29] Group 3: Financial Implications - The Dells have committed $6.25 billion to support Trump Accounts, providing an additional $250 for eligible children in specific ZIP codes [17][20] - The annual contribution limit for Trump Accounts is set at $5,000 per child, with cost-of-living adjustments after 2027 [29] - The initiative is seen as a potential tool for building long-term financial security and addressing wealth inequality among families [20][30]
Warner Rejects Paramount's Hostile Bid, Saying Netflix Deal Still Superior
WSJ· 2025-12-17 12:02
Core Viewpoint - Warner has raised concerns regarding the credibility of Paramount's offer, describing it as "illusory" and questioning the support from the Ellison family [1] Group 1 - Warner's concerns highlight potential doubts about the legitimacy of Paramount's financial proposals [1] - The backing from the Ellison family is under scrutiny, which may impact investor confidence in Paramount's offers [1]
Exchange Income Corporation Announces December 2025 Dividend
Businesswire· 2025-12-17 12:01
Eligible shareholders have the opportunity to reinvest their dividends in accordance with the Corporation's dividend reinvestment and share purchase plan. Additional details can be found in the investor information section of the Corporation's website, www.ExchangeIncomeCorp.ca. The dividend is designated as an "eligible†dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax cred ...
Meta Platforms (NASDAQ: META) Price Prediction and Forecast 2025-2030 for December 17
247Wallst· 2025-12-17 12:00
Shares of Meta Platforms Inc. (NASDAQ: META) gained 1.14% over the past five trading sessions after gaining 2.03% the five prior. ...
Thread Bank secures $30.5m funding to support embedded banking strategy
Yahoo Finance· 2025-12-17 12:00
Core Insights - Thread Bancorp, the parent company of Thread Bank, has raised $30.5 million in its latest funding round, which includes $27.6 million in initial raise and $2.9 million in extension, led by Portage Ventures with participation from Rockmont Partners and other strategic investors [1][2] - The funding will support the development of Thread Bank's embedded banking strategy, increasing its Tier 1 capital to $100 million [2] - Thread Bank has transitioned from a traditional community bank to a provider of embedded banking solutions, managing over $2 billion in partner deposits and achieving a threefold increase in embedded deposits with an annualized growth rate of approximately 75% [4] Funding and Strategy - The recent funding round is seen as a strong endorsement of Thread Bank's team and customer-first vision for the future of banking [3] - Thread Bank aims to provide 'digital branches' embedded within partner platforms, enhancing its digital banking services through partnerships with small business and consumer brands, as well as vertical SaaS companies [3] - The bank has entered new partnerships, including with Finxact for its core banking platform and LoanPro to enhance its lending operations, and has opened a new corporate headquarters in Nashville, Tennessee [5]
How to Buy CSCO for a 2.5% Discount, or Achieve a 19% Annual Return
Yahoo Finance· 2025-12-17 12:00
Selling cash secured puts on stocks an investor is happy to take ownership of is a great way to generate some extra income. A cash-secured put involves writing an at-the-money or out-of-the-money put option and simultaneously setting aside enough cash to buy the stock. The goal is to either have the put expire worthless and keep the premium, or to be assigned and acquire the stock below the current price. It’s important that anyone selling puts understands that they may be assigned 100 shares at the strike ...
Mortgage rates move higher after the Fed rate cut, causing loan demand to drop
CNBC· 2025-12-17 12:00
The Federal Reserve cut its benchmark interest rate last week, and just as happened the last two times, mortgage rates rose. That caused demand for home loans and refinances to drop.Total mortgage application volume fell 3.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, 806,500 or less, increased to 6.38% from 6.33%, with points increasin ...
Ripple’s Asia venture looks to make XRP a yield-bearing asset
Yahoo Finance· 2025-12-17 12:00
SBI Ripple Asia has signed a memorandum of understanding with Doppler Finance to explore XRP-based yield products and real-world asset tokenization on the XRP Ledger, marking the first time the firm has partnered with an XRPL-native protocol. The collaboration focuses on building institutional-grade yield infrastructure for XRP and expanding the use of tokenized real-world assets on the blockchain, according to a statement released Wednesday. Doppler Finance, which describes itself as XRP-focused yield ...
Abaxx Calls Warrants, Provides Corporate Update
Globenewswire· 2025-12-17 12:00
TORONTO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced it has exercised its right to call all 500,000 outstanding common share purchase warrants (the “Warrants”) issued ...
e-STORAGE to Deliver 408 MWh Battery Energy Storage System for Vena Energy in South Australia
Prnewswire· 2025-12-17 12:00
KITCHENER, ON, Dec. 17, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that e-STORAGE, part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), will deliver 408 MWh AC Battery Energy Storage System (BESS) to Vena Energy for its Tailem Bend 3 project in South Australia. Working alongside Vena Energy and Balance of Plant partner Consolidated Power Projects Australia Pty Ltd (CPP), e-STORAGE will deliver the 204 MW / 408 MW ...