Wall Street Wants In on the ‘Trump Accounts’ for Babies

Asian equities are expected to open weakly following a lackluster session on Wall Street, where tech stocks and bonds faced pressure, and Bitcoin's recovery stalled ahead of the Federal Reserve's upcoming decision on interest rates.

A recent poll indicates that a growing number of Americans, including many of President Donald Trump's supporters, attribute rising living costs to his administration, marking a significant shift in public sentiment regarding economic management.

Dollar Tree has reported that 60% of its new customers in the latest quarter earn $100,000 or more, highlighting a trend where affluent shoppers are increasingly turning to dollar stores amid a significant affordability crisis affecting many Americans.

Recent labor data has shown significant weakness, with ADP reporting job losses and Challenger announcing layoffs, leading to a surge in expectations for a Federal Reserve interest rate cut, now estimated at 90% for December. This situation reflects a paradox where bad news for jobs is perceived as good news for Wall Street, as it may prompt monetary easing.

A 109-year-old grocery chain has announced significant cuts in response to ongoing inflation and stricter federal policies affecting SNAP eligibility, which are impacting millions of Americans' ability to afford basic necessities. These changes come as the holiday season approaches, raising concerns about consumer spending and corporate stability.

Bank of America has released a surprising stock-market forecast for 2026, diverging from the consensus of other major Wall Street firms that predict double-digit targets. This forecast is particularly intriguing given the current bullish sentiment in the market.

Michael and Susan Dell have made a historic donation of $6.25 billion to establish 'Trump Accounts,' which are tax-deferred investment accounts aimed at benefiting approximately 25 million American children under the age of 10. This initiative is designed to provide financial support and investment opportunities for the younger generation in the U.S.

Michael and Susan Dell have announced a historic $6.25 billion donation to establish 'Trump Accounts,' which are investment accounts aimed at supporting approximately 25 million American children under the age of 10. This initiative is seen as a significant financial commitment to enhance the future of U.S. children through investment opportunities.