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New Trump Account offers $1,000 government deposit for kids born 2025-2028 to start investing early.

Market News
07 Jul 2026
Fool - Investing News
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Bullish
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The Trump Account, a new tax-advantaged investment account for children born between January 1, 2025, and December 31, 2028, launched on July 4, 2026. Eligible children who are U.S. citizens with Social Security numbers and claimed as dependents can receive a $1,000 government deposit to start investing early. The account defaults investments into an S&P 500 index fund and converts to a traditional IRA at age 18. Parents can open accounts using IRS Form 4547, and even children not eligible for the $1,000 can have accounts funded by family or friends with tax advantages. The program encourages early saving but advises parents to prioritize their own retirement savings first.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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Viasat and BMW Group demonstrate the first integrated automotive satellite voice call, enabling connectivity in remote areas.

Viasat and BMW Group demonstrate the first integrated automotive satellite voice call, enabling connectivity in remote areas.

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Iran warns of crushing retaliation if US targets its infrastructure amid escalating strikes.

Iran warns of crushing retaliation if US targets its infrastructure amid escalating strikes.

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Solana (SOL) holds steady in the mid-$70s, boosted by $500M USDC mint, institutional access, and ETF momentum.

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Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...

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