Author: BostonNewsletter.com Est. 1704

Americans will celebrate the 250th birthday of the country this July Fourth, but some families may also be celebrating something else: the launch of the Trump Account, a new, tax-advantaged investment vehicle for children.Essentially a starter IRA, the account can help build long-term wealth for children, with some kids qualifying for free seed money from the federal government, employers and philanthropists.”The main idea is to give kids a head start on retirement savings,” says Judd Meinhart, director of financial planning at Modera Wealth Management in Winston-Salem, N.C. Unlike IRAs, Trump accounts, which were created under the One Big Beautiful Bill…

Franklin’s contributions to the Founding of the American nation were as varied as his interests. Source link

The Diamondbacks’ pitching carousel continued with the promotions of right-hander Jose Cabrera and left-hander Kohl Drake from Triple-A Reno, giving them a starter for Sunday, June 21, and a length option in the bullpen, respectively.To make room, the Diamondbacks optioned lefty Philip Abner to Reno and designated right-hander Yilber Diaz for assignment.AdvertisementCabrera will be making his major league debut. Signed at 19 for $10,000 out of the Dominican Republic five years ago, he has steadily climbed through the Diamondbacks’ system. He posted a 3.69 ERA in 61 innings between Double-A and Triple-A prior to the promotion.Drake, one of the players…

Quick Read Claiming Social Security at 62 locks in a permanent 30% benefit cut, meaning a $2,000 monthly check shrinks to $1,400 for life. The claim-early-and-invest strategy fails most people because everyday expenses absorb the checks before the money ever reaches a brokerage account. Delaying past full retirement age adds a guaranteed 8% annually to your benefit, and no bull market or spending discipline is required to achieve it. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Picture a man, 63, one year into early Social…

Minnesota Attorney General Keith Ellison lashed out when asked about his handling of the Minnesota fraud scandal following Vice President JD Vance’s threat to refer him to the Justice Department, while pushing back on a widely cited $8 billion figure as only mentioned by those “aligned with the Trump Administration.” “That is a false number,” Ellison said. “The fact is, is that fraud is always wrong.” “Why don’t you give me a break, man?” he continued. The comments come as Vance, the head of the Trump administration’s new anti-fraud task force, threatened to press the Justice Department to open an…

(Bloomberg) — Robinhood Markets Inc. said it’s cutting 10% of its workforce, a reduction of around 300 positions, to “remain lean and disciplined” as it develops new products.In addition to the cuts, Menlo Park, California-based Robinhood will close a small number of open roles across the company, according to a regulatory filing Tuesday. The firm’s shares were up 1.7% at 7:35 a.m. in early New York trading.Robinhood follows a number of financial-technology firms that have cut jobs in recent months, including Block Inc., Crypto.com, Coinbase Global Inc. and PayPal Holdings Inc. While many of those firms pointed to artificial intelligence…

President Donald Trump on Sunday warned of potential consequences if the Strait of Hormuz were to close, following Iran’s announcement the previous day that it had closed the waterway and U.S. assertions that shipping continued normally. The developments occur against the backdrop of a fragile interim agreement between the United States and Iran aimed at ending recent hostilities, with a 60-day period for further negotiations. Iran’s Islamic Revolutionary Guard Corps declared on Saturday, June 20, that it had closed the Strait of Hormuz, the second such instance in as many days. Iranian officials cited Israeli military actions in Lebanon as…

“Bear Bets” are real wagers that Chris “The Bear” Fallica is actually making.The last time Kylian Mbappé, Lionel Messi and Erling Haaland took the pitch on the same day during this World Cup, they scored a combined seven goals. Will the superstar trio do it again?Here is what I’m eyeing ahead of Match Day 12.This page may contain affiliate links to legal sports betting partners. If you sign up or place a wager, FOX Sports may be compensated. Read more about Sports Betting on FOX Sports.World Cup Best Bets — Monday, June 22Argentina vs. Austria Lionel Messi was dominant in Argentina’s…

Wall Street cycles between bull markets and bear markets. While bear markets can be emotionally difficult to deal with and financially painful, they are just a fact of life for investors. And they can be an opportunity to add high-quality, long-term holdings, as investors often throw the baby out with the bathwater during bear markets. Although there are positive developments today, such as the SpaceX (SPCX 3.44%) IPO and the agreement in the Middle East, the swift market decline on June 10 highlights the downside risk. When investors adopt a risk-off attitude, markets could quickly crater. And you should have…

A nonprofit released a report Tuesday concluding that the University of Texas system continues to discriminate based on race in defiance of a recent Supreme Court ruling. Do No Harm conducted an admissions analysis of seven medical schools in the university system and called on the system to stop hiding data regarding racial preferences, according to its new report. A previous report by the organization had found that the schools’ acceptance rates barely changed across racial groups after the Court’s landmark 2023 ruling on affirmative action and that testing data continued to show racial discrepancies. David Puelz, a statistician and…