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- Michael Dell celebrates America’s 250th birthday with gift to seed the America...In an Independence Day announcement, tech billionaire Michael Dell and his wife Susan unveiled a "public-private partnership" aimed at giving millions of young Americans a direct financial stake in the nation's economy.The Dell Technologies CEO took to X on Saturday to announce they are giving $250 each to the first 25 million qualifying American children who sign up for "Trump Accounts.""This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism," Dell wrote in an X post. "Through this public-private partnership, we’re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth." WHITE HOUSE UNVEILS TRUMP ACCOUNTS MOBILE APP AHEAD OF JULY 4 ROLLOUTThe announcement coincides with the official Fourth of July launch of Trump Accounts, a provision of new tax legislation designed to give young Americans a financial head start.Under the program, which was announced one year ago, every U.S. citizen born between Jan. 1, 2025, and Dec. 31, 2028, is eligible to receive a $1,000 government-provided baseline investment upon enrollment. Parents can register their children for the program when filing their taxes, acting as sole custodians of the account until the child turns 18.HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: ‘A FINANCIAL STAKE IN THE FUTURE’While no personal contributions are required, parents have the option to deposit up to $5,000 per year, which is then invested directly in American companies in the stock market.President Donald Trump projected the program will put $3 to $4 trillion of wealth into the hands of young Americans over the next 15 years. "Decades from now, I believe that Trump Accounts will be remembered as one of the most transformative policy innovations of all time," Trump said during the program’s announcement.Dell, who had previously pledged more than $6 billion to the program, said the initiative "unites us all in hope and optimism for every child’s future."GET FOX BUSINESS ON THE GO BY CLICKING HEREThe combined launch of the government initiative and the Dells' private contribution has drawn widespread praise, with Sen. Ted Cruz, R-Texas, lauding the effort on Saturday as "an extraordinary birthday gift to celebrate the greatest nation in the history of the world." [TheTopNews] Read More.23 hours ago
- US brands go patriotic with $17.76 burger deals, eagle cups and more for America...American brands are going all in on red, white and blue as the country prepares to celebrate its 250th birthday.From $17.76 burger deals and eagle-shaped coffee cups to collectible Coca-Cola cans and limited-edition snacks, companies are rolling out patriotic promotions tied to America’s semiquincentennial.Steak ’n Shake is offering two "Liberty Meals" for $17.76 throughout July.The meal includes a double grass-fed Steakburger, beef tallow fries and a Patriot milkshake, according to the chain."$17.76 for two Liberty Meals — all July long!" the burger chain wrote on X. "A Liberty Meal includes a double grass-fed Steakburger, beef tallow fries, and a Patriot milkshake. Can't touch this, Mr. Five Guys."Steak ’n Shake announced in March that its Patriot Milkshake now comes with a dark chocolate Statue of Liberty and will be priced at $2.50 for the rest of the year.BANK OF AMERICA CARDHOLDERS CAN VISIT 250 MUSEUMS FREE DURING JULY 4 WEEKENDDunkin’ is marking the occasion with a limited-edition "Eagle Cup," themed merchandise and a summer menu tied to America’s 250th birthday.The collectible cup features a clear base and a sculpted eagle lid. Dunkin’ said customers can purchase it for $10.99 and receive a free medium beverage.The cup also includes a promotional code for $3 medium Refreshers or Dunkin’ Zero beverages for 30 days."Like summer fireworks, this drop won’t last forever. Quantities of the Eagle Cup are limited, so head to your local Dunkin' soon before it flies off the shelves," Dunkin' said in its June 29 announcement.Coca-Cola said its America250 campaign includes limited-edition packaging, custom bottles and its first America250 collectible mini-cans.Each mini-can features a design tied to one of the 50 states, Puerto Rico or Washington, D.C., with local symbols such as Georgia’s peach and California’s surf culture.General Mills is rolling out 79 limited-edition products inspired by America’s 250th birthday across brands, including Cheerios, Pillsbury, Betty Crocker, Fruit Roll-Ups and Blue Buffalo.The lineup includes Birthday Cake Cheerios, Pillsbury Toaster Strudel Stars & Stripes, Cinnamon Toast Crunch Root Beer Float, Fruit Roll-Ups Star-Spangled Cherry, Betty Crocker America’s Birthday Cake cookie mix and red, white and blue Pillsbury cookie dough."For 160 years, General Mills has been a cornerstone of American pantries, with our brands in over 90% of households across the country," Courtney Hamacher, vice president and interim chief creative and marketing excellence officer at General Mills, said in a statement. "As America celebrates its 250th birthday, we’re incredibly proud to help families add… [TheTopNews] Read More.1 day ago
- 10 reasons to be bullish on America’s economy as the nation turns 250 year...This Fourth of July marks the 250th anniversary of the founding of the U.S., and while Americans around the country are celebrating the occasion, it also serves as an opportunity to reflect on what helped make the U.S. the world's largest economy and the reasons it's still a great place to invest.Joseph P. Quinlan, head of CIO market strategy for Merrill and Bank of America Private Bank, authored a piece breaking down the 10 reasons the firm is bullish on the long-term prospects of investing in America.Here's a look at Quinlan's 10 reasons to celebrate America on the nation's 250th birthday.BANK OF AMERICA'S LEGACY OF BUILDING THE AMERICAN DREAM"Think of our economy as a hydra-headed superpower, leading the world in such diverse activities as aerospace, agriculture, finance, energy, technology, healthcare, education and numerous other industries," Quinlan said.He noted that while the U.S. has just over 4% of the world's population, it accounts for about one-quarter of all global gross domestic product (GDP), with measures like economic output and per capita income far surpassing emerging countries like China and India."Never have so few people produced so much output, creating so much wealth," Quinlan added.The U.S. stands in contrast to many of history's leading world powers by virtue of having friendly neighbors and vast oceans on its flanks, Quinlan said. He said the U.S. is in "one of the most favorable geographic positions on Earth" and noted how the Great Plains, Mississippi River system and Great Lakes offer space for farming, waterways for commerce and reserves of freshwater that are unmatched around the world."At a time when water scarcity, food security, energy supplies and geopolitical tensions are increasingly important, America's geographic advantages are becoming more valuable – not less," he noted.AMERICA 250: BLACKROCK'S LARRY FINK SAYS LONG-TERM INVESTING CAN PERFORM A KIND OF 'CIVIC MIRACLE'"America's economic metabolism is different from the rest of the world. No country creates and destroys as manically as America," Quinlan wrote, noting that, since 2010, about 40% of the companies in the Fortune 500 list have either gone bankrupt, been acquired or ceased operations.He cited Census Bureau data showing that nearly 6 million new businesses have been formed in the U.S. over the last 12 months, a record high and well above the average of the last decade, as evidence that the country's "startup itch has only grown stronger in the past few years."Quinlan noted that investors… [TheTopNews] Read More.1 day ago
- Surviving since Lincoln: How six generations beat the small business curseBassett’s Ice Cream has survived economic downturns, changing consumer tastes and generations of competition while remaining under family ownership since its founding in 1861. Now led by its sixth generation, the Philadelphia institution is marking another milestone as America prepares to celebrate its 250th anniversary.FOX Business correspondent Jeff Flock joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to spotlight the company’s history and how it has remained family-owned for more than 165 years despite the challenges that force many small businesses to sell or shut down.Founded while Abraham Lincoln was president, Bassett’s originally churned its ice cream using mule power before transporting it into Philadelphia by horse and buggy.FOURTH OF JULY COOKOUT PRICES HIT RECORD HIGH AS AMERICA CELEBRATES 250TH BIRTHDAY"We love a family business. We feel that our ice cream is a tradition, this is a family company, and we are so proud to be serving America and Philadelphia with a family business," sixth-generation owner Alex Bassett Strange said.While the company is rooted in tradition, it continues to evolve. Bassett’s now exports ice cream to markets including China and Taiwan, giving the company opportunities to develop new flavors.HOW A STOLEN SURFBOARD LAUNCHED A GLOBAL SURF EMPIRE"That’s right, so we export some ice cream… It’s helped us develop into new markets… I have my matcha ice cream, which is a flavor we never would have done had we not been in Southeast Asia," Strange said.The company has also expanded its offerings with new flavors, including a limited-edition red, white and blueberry variety for America’s semiquincentennial celebration, and introduced its first vegan ice cream this year while continuing to use Pennsylvania dairy for its traditional products. [TheTopNews] Read More.1 day ago
- Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto CoinA report from a cryptocurrency analytics firm details how those who bought the Trump memecoin have fared, with most retail investors having lost money while sophisticated traders did better. [TheTopNews] Read More.1 day ago
- Are the ‘MANGOS’ Stocks Already Turning Soft?Wall Street loves an acronym. The latest one stands for Meta, Anthropic, Nvidia and three other companies at the center of the artificial intelligence boom. [TheTopNews] Read More.1 day ago
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