Claiming to give every child “a shot at financial freedom,” President Donald Trump is unveiling the new Trump Accounts initiative, which gives $1,000 to every newborn if their parents open an account.
The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday in part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program.
Chinese President Xi Jinping has urged foreign investors to have faith in China's business prospects in an address to major global business leaders.
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FILE - In this March 23, 2019 file photo, Bridgewater Associates Chairman Ray Dalio speaks during the Economic Summit held for the China Development Forum in Beijing, China. A family spokesperson says the 42-year-old son of hedge fund founder Ray Dalio died in a car crash this week. The family spokesperson on Friday, Dec. 18, 2020 confirmed Devon Dalio's death in a Thursday afternoon crash to Hearst Connecticut Media. (AP Photo/Ng Han Guan, File)GREENWICH, Conn. – Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a car crash this week, a family spokesperson said Friday. The family spokesperson confirmed the death in a Thursday afternoon crash to Hearst Connecticut Media.