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Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

The Guardian – World

2h ago

Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

Summary

US president rings bell from White House and showcases initiative that gives children a $1,000 investment account Donald Trump rang the bell of the New York Stock Exchange (NYSE) from the White House to mark the first trading day for Trump accounts, a government initiative that provides children with a $1,000 investment account. The US president hosted leaders from the NYSE and the Nasdaq stock exchange at the Oval Office for a press conference on Monday morning. It is the first joint opening of the exchanges, and the first time the bell had been rung at the White House. “Those accounts will begin to grow along with our booming economy,” Trump said. “We’re giving this money to children so they can have a good life.” Though the accounts carry Trump’s personal branding, the idea of providing children – particularly those born into economic hardship – with a vehicle to compound savings over their childhood long predates the president and has bipartisan support. Congress established the accounts in the One Big Beautiful Bill Act. “I did not ask for it,” Trump claimed of the accounts being named after him. “I have done that in other cases.”. Trump said he wanted to keep the bell that exchange officials brought to the Oval Office, and display it in the new White House ballroom when it is complete. Accounts established for children born between January 2025 through December 2028 will receive $1,000 from the US federal government. Parents, friends and employers will be able to deposit as much as $5,000 a year into the accounts, which will be controlled by parents and guardians until their children turn 18, after which the account holder gains control and can use saved-up funds to pay for college, buy a home or start a business. Investments default to a diversified index fund. Parents can sign up for an account through the IRS. “They can have a lot of money,” Trump said of the accounts. “We should have acted faster. It’s too bad.” Wealthy donors have directed charitable contributions into the funds.

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US president rings bell from White House and showcases initiative that gives children a $1,000 investment account Donald Trump rung the bell of the New York Stock Exchange (NYSE) from the White House to mark the first trading day for Trump accounts, a government initiative that provides children with a $1,000 investment account. The US president hosted leaders from the NYSE and the Nasdaq stock exchange at the Oval Office for a press conference Monday morning. It is the first joint opening of the exchanges, and the first time the bell had been rung at the White House. Continue reading...

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Tamil Nadu Congress Committee to organise week-long celebrations to mark Kamaraj’s birth anniversary

Subscribed with another email? Logout and Login with that one. Account subscription benefits alongside Premium Stories, Editorials, Opinions and more. Unlock these with Subscription Updated - July 06, 2026 09:55 pm IST - CHENNAI Tamil Nadu Congress Committee president Manickam Tagore says the decision to induct former AIADMK MLAs C. Vijayabaskar and M.R. Vijayabhaskar, who are facing corruption charges, into the Tamilaga Vettri Kazhagam (TVK) was taken by the ruling party itself. | Photo Credit: FILE PHOTO The Tamil Nadu Congress Committee will celebrate the birth anniversary of former Congress Chief Minister K. Kamaraj between July 13 and 19, focussing on his “clean, corruption-free administration” and his simple lifestyle, TNCC leader S. After participating at the party’s State executive council meeting in Chennai, he said the Congress would organise a public rally on July 15 in Gudiyatham where Kamaraj contested in the election first and became an MLA. “TNCC president Manickam Tagore will raise the slogan, ‘Reject bribes, hold your head high’, standing in front of Kamarajar’s house at Virudhunagar on the morning of July 15. The Congress will also organise a public rally in Madurai on July 19,” he said. We will only express our opinions to our allies at the appropriate forum,” he said. politics / Indian National Congress / Tamilaga Vettri Kazhagam / corruption & bribery / parties and movements / court Terms & conditions | Institutional Subscriber Comments have to be in English, and in full sentences.

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

When former PepsiCo CEO Indra Nooyi arrived in the U.S. in the late 1970s to study graduate-level management at Yale University , she was a self-described “misfit” from India. Instead of adjusting to the rhythms of college nightlife, Nooyi was working the midnight-to-5 a.m. shift as a dormitory receptionist before heading to class each morning to pay for her degree. “We worked our tail off because to us, we didn’t come there for the social life—we came there to study and to work hard and to move ahead,” Nooyi recalled in a recent interview with former U.S. Secretary of State Condoleezza Rice , recalling the experiences of her and her fellow classmates from developing countries. “So the goal we had was very, very clear: study, work hard, get great grades, and somehow land a job. That’s all the objective was at that time.” Paying for an Ivy League degree wasn’t easy, either. At the time, annual tuition was equivalent to about $20,000 in today’s dollars (a far cry from the six-figure tuition costs of today), and her parents told her they couldn’t help her out financially. But eventually, that relentless work ethic inside and outside of the classroom paid off. “When we got consulting jobs or investment banking jobs, people looked at us and said, ‘Hey, these are brainiacs,’” Nooyi said. “Respect just went up—purely because of the hard work and all the efforts we put in…People realized that this was a grueling experience for us, and they respected us for that.” Looking back, the overnight shifts and long hours were part of a larger belief as an immigrant: success wasn’t guaranteed in America, but opportunity was. “I remember back in the old days people would say they thought the streets might be paved with gold. Maybe they weren’t paved with gold, but they were paved with the possibility of ambition,” she said. Today, Nooyi has over a dozen honorary degrees—including from NYU, Duke, and Yale—and sits on the board of Amazon , Honeywell , and Philips . Her net worth is estimated to be over $300 million, according to Forbes . Later, while earning his MBA at the University of Tulsa, he returned to Walmart as an assistant manager. “My first time with Walmart was just to make money during the summertime to help pay my way through school,” McMillon said during a 2017 interview at Duke University’s Fuqua School of Business. “And I didn’t mean to be there very long at all.” Instead, he kept volunteering for new opportunities, steadily climbing the ranks while gaining firsthand knowledge of the business from the ground up.

General U.S. News54m ago

Uefa has put European football on war footing with Fifa over Balogun decision | Matt Hughes

European governing body’s dramatic move could have major implications for the future of the sport Perhaps the only globally renowned figure who has been more conspicuous by his absence at this World Cup than Donald Trump is the Uefa president, Aleksander Ceferin, although both men have more than made up for their silence over the last 24 hours. By endorsing a statement in which Uefa accused Fifa of crossing “a red line” in making the “incomprehensible and unjustifiable” decision to lift the USA striker Folarin Balogun’s suspension for Monday’s last-16 tie with Belgium, Ceferin has effectively put European football on a war footing with the world governing body, a dramatic move that could have major implications for the future of the sport. Much like Trump, and indeed, Gianni Infantino, Ceferin is a hands-on president and avid consumer of football media, so will have known exactly what his organisation was doing. The latter pair have been at loggerheads ever since Infantino proposed the creation of an expanded Club World Cup in 2018, which finally came to pass in the US last year, with much of the current tension between Fifa and Uefa based on the former’s desire to expand the Club World Cup from 32 to 48 teams for the next tournament in 2029. With Uefa making almost €5bn (£4.27bn) from the Champions League each year, a figure set to rise by about 20% from next year based on media rights and commercial packages sold to date, Fifa wants a piece of the club action, given the vast majority of its four-year revenues of $14bn (£10.5bn) comes from the World Cup . The most recent public sign of enmity between Uefa and Fifa came in Paraguay in May 2025, when European delegates, including Ceferin and the Football Association chair, Debbie Hewitt, walked out of Fifa Congress in protest at the late arrival of Infantino , who had been attending a summit in the Middle East with world leaders including Trump and Saudi Arabia’s crown prince, Mohammed bin Salman. Since that symbolic show of defiance there had been something of a truce, however, which insiders have attributed to the fact both Infantino and Ceferin will be seeking re-election next year, and have agreed to keep infighting to a minimum. While Uefa has attempted to score some political points on the back of Fifa’s unpopular running of this World Cup – announcing low ticket prices for Euro 2028, making clear they will not introduce hydration breaks and appointing the Somali referee Omar Artan to take charge of the Uefa Super Cup after he was prevented from officiating at the World Cup by the US Department of Homeland Security – the detente has just about held. For all the many criticisms of Uefa , it is an intensely process-driven, bureaucratic organisation, while in using article 27 of its disciplinary code as a get-out to clear Balogun and Cristiano Ronaldo last year, Fifa gives the impression of making policy on the hoof. Following last year’s controversy in Paraguay, Ceferin did not attend this year’s Fifa Congress in Vancouver, while Infantino made his brief appearance at the AGM of the lobby group European Football Clubs (EFC) in Rome last year when Ceferin was absent.

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Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’

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More in General U.S. News

Tamil Nadu Congress Committee to organise week-long celebrations to mark Kamaraj’s birth anniversary

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

Uefa has put European football on war footing with Fifa over Balogun decision | Matt Hughes