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- US missionary released following kidnap in Niger, Christian group says
Kevin Rideout, who was kidnapped outside his home in the capital last October, is now with US officials. [TheTopNews] Read More.22 hours ago - Ramsey personality took Trump’s $1,000 for his son — then warned parents...
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July, personal finance expert and Ramsey Solutions personality George Kamel didn't hesitate to claim the funds for his own young son.Though Kamel gladly took "a little money back" from Uncle Sam, he issued a cautious warning to parents across America about the program's tax fine print — and the costly mistake well-meaning families could make."As someone who has a 1-year-old and 3-year-old, I took advantage of this. And on the Fourth of July, that $1,000 came into the account for my son, and I went, 'Woo! A little money back from the government that I've given so much to,’" Kamel told Fox News Digital."If you can understand the power of compound growth, then this Trump Account was worth it just to get your mind thinking about it," he continued. "But the truth is, the tax benefits are not great on this."WHY RAMSEY FINANCIAL EXPERT SAYS THERE'S ‘NO MAGIC AGE’ TO CLAIM SOCIAL SECURITYThe initiative, which debuted as part of the Trump Accounts rollout in 2026, is a provision of the new tax legislation that will provide $1,000 to every eligible newborn U.S. citizen whose parents enroll the child in the program. No contributions are necessary, but parents can deposit up to $5,000 per year, which will be invested in a qualifying U.S. stock index fund.During a July 31 public Cabinet meeting, President Donald Trump said that more than 7 million Trump Accounts had been opened since the program’s launch date."Here's the math on this: If you get the free $1,000, well, that could grow to almost half a million or more by the time my kid is 65, without ever adding anything to it," Kamel said before mentioning other ways to invest in children's futures."Save the 529 plan for education. That has way better tax advantages. You're using after-tax income, you withdraw it tax-free, it grows tax-free. That is the best move for education expenses," he explained. "When it comes to other things, like a custodial Roth IRA is great, but you need earned income. So the real power of the Trump Account is that there is no earned income needed."At age 18, without any additional contributions, the account is estimated to be worth about $5,800. By age 55, it could reach roughly $200,000. Kamel also said it could grow to… [TheTopNews] Read More.22 hours ago - Why You Envy Your Friends
Turn that burning resentment into insight and motivation. [TheTopNews] Read More.23 hours ago - Chatbots Are Pushing Us Toward a Post-Human InternetIn matters of work, school and even romance, we turn to A.I. chatbots. But what happens when the bots begin talking to one another? [TheTopNews] Read More.23 hours ago
- Booming Oil Profits Show Why Policymakers Can’t “Wait and See” on Gas Pric...
Big Oil is having a great year. After Trump promised to make fossil fuel executives’ dreams into reality if the industry funded his reelection, they responded by plowing $120 million of trackable campaign contributions into electing Republicans. That investment has generated enormous returns, though perhaps not in the way the industry expected. Instead of large-scale permitting reform, we’ve had the takeover of Venezuelan oil and a misadventure in Iran that—while inflicting a horrendous toll on Iranian civilians, causing punishing fuel shortages in the global south, fueling high gas prices and inflation, and damaging America’s global standing—has been great for business, even after accounting for the billions of dollars oil companies have lost on bombed infrastructure and lost sales. Recent days have seen oil companies report blowout profits on earnings call after earnings call for the second quarter of 2026—the first quarter to fully reflect the impact of Iran’s closure of the Strait of Hormuz. Chevron posted its highest quarterly profits ever. BP’s profits more than doubled year-over-year. Exxon also doubled its year-over-year earnings, despite losing 10 percent of its upstream production. Those three firms alone raked in average daily oil profits of over $400 million. It isn’t surprising that the closure of the strait would benefit fossil fuel companies less reliant on the output of Middle Eastern oilfields. One particularly interesting dynamic, however, is that windfall profits are coming not just from firms’ “upstream” crude extraction segments, but also their “downstream” refining operations—which should, in theory, see thinner margins when crude prices (their input costs) are high. Quite the opposite, refining margins have boomed over recent months. To take one example, BP’s refining margin was $12 per barrel last year. In the second quarter of this year, it was $30 per barrel, and it has reached $42 per barrel in the third. We can observe this trend across the industry by looking at the crack spread, or the gap between prices of refined petroleum products and crude measured in dollars per barrel. From January until March of this year, the benchmark “3-2-1”spread, which measures the difference in price between three barrels of crude and outputs of two barrels of gasoline and one barrel of diesel, was fairly consistently between $25 and $30 a barrel. Since March, it has soared, reaching peaks as high as $72.22 per barrel. For comparison, the highest it got in 2022 following Russia’s invasion of… [TheTopNews] Read More.23 hours ago
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Kevin Rideout, who was kidnapped outside his home in the capital last October, is now with US officials. [TheTopNews] Read More.
22 hours ago
When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July, personal finance expert and Ramsey Solutions personality George Kamel didn't hesitate to claim the funds for his own young son.Though Kamel gladly took "a little money back" from Uncle Sam, he issued a cautious warning to parents across America about the program's tax fine print — and the costly mistake well-meaning families could make."As someone who has a 1-year-old and 3-year-old, I took advantage of this. And on the Fourth of July, that $1,000 came into the account for my son, and I went, 'Woo! A little money back from the government that I've given so much to,’" Kamel told Fox News Digital."If you can understand the power of compound growth, then this Trump Account was worth it just to get your mind thinking about it," he continued. "But the truth is, the tax benefits are not great on this."WHY RAMSEY FINANCIAL EXPERT SAYS THERE'S ‘NO MAGIC AGE’ TO CLAIM SOCIAL SECURITYThe initiative, which debuted as part of the Trump Accounts rollout in 2026, is a provision of the new tax legislation that will provide $1,000 to every eligible newborn U.S. citizen whose parents enroll the child in the program. No contributions are necessary, but parents can deposit up to $5,000 per year, which will be invested in a qualifying U.S. stock index fund.During a July 31 public Cabinet meeting, President Donald Trump said that more than 7 million Trump Accounts had been opened since the program’s launch date."Here's the math on this: If you get the free $1,000, well, that could grow to almost half a million or more by the time my kid is 65, without ever adding anything to it," Kamel said before mentioning other ways to invest in children's futures."Save the 529 plan for education. That has way better tax advantages. You're using after-tax income, you withdraw it tax-free, it grows tax-free. That is the best move for education expenses," he explained. "When it comes to other things, like a custodial Roth IRA is great, but you need earned income. So the real power of the Trump Account is that there is no earned income needed."At age 18, without any additional contributions, the account is estimated to be worth about $5,800. By age 55, it could reach roughly $200,000. Kamel also said it could grow to… [TheTopNews] Read More.
22 hours ago
Turn that burning resentment into insight and motivation. [TheTopNews] Read More.
23 hours ago
In matters of work, school and even romance, we turn to A.I. chatbots. But what happens when the bots begin talking to one another? [TheTopNews] Read More.
23 hours ago
Big Oil is having a great year. After Trump promised to make fossil fuel executives’ dreams into reality if the industry funded his reelection, they responded by plowing $120 million of trackable campaign contributions into electing Republicans. That investment has generated enormous returns, though perhaps not in the way the industry expected. Instead of large-scale permitting reform, we’ve had the takeover of Venezuelan oil and a misadventure in Iran that—while inflicting a horrendous toll on Iranian civilians, causing punishing fuel shortages in the global south, fueling high gas prices and inflation, and damaging America’s global standing—has been great for business, even after accounting for the billions of dollars oil companies have lost on bombed infrastructure and lost sales. Recent days have seen oil companies report blowout profits on earnings call after earnings call for the second quarter of 2026—the first quarter to fully reflect the impact of Iran’s closure of the Strait of Hormuz. Chevron posted its highest quarterly profits ever. BP’s profits more than doubled year-over-year. Exxon also doubled its year-over-year earnings, despite losing 10 percent of its upstream production. Those three firms alone raked in average daily oil profits of over $400 million. It isn’t surprising that the closure of the strait would benefit fossil fuel companies less reliant on the output of Middle Eastern oilfields. One particularly interesting dynamic, however, is that windfall profits are coming not just from firms’ “upstream” crude extraction segments, but also their “downstream” refining operations—which should, in theory, see thinner margins when crude prices (their input costs) are high. Quite the opposite, refining margins have boomed over recent months. To take one example, BP’s refining margin was $12 per barrel last year. In the second quarter of this year, it was $30 per barrel, and it has reached $42 per barrel in the third. We can observe this trend across the industry by looking at the crack spread, or the gap between prices of refined petroleum products and crude measured in dollars per barrel. From January until March of this year, the benchmark “3-2-1”spread, which measures the difference in price between three barrels of crude and outputs of two barrels of gasoline and one barrel of diesel, was fairly consistently between $25 and $30 a barrel. Since March, it has soared, reaching peaks as high as $72.22 per barrel. For comparison, the highest it got in 2022 following Russia’s invasion of… [TheTopNews] Read More.
23 hours ago
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