The Trump Accounts program is “the most successful launch in government history,” Treasury Secretary Scott Bessent said Monday at a meeting of the Financial Literacy and Education Commission, according to prepared remarks exclusively provided in advance to CNBC. So far, about 7 million children have been signed up, Bessent said. That’s up from 6.5 million…
Federal Reserve Chairman Kevin Warsh concludes a news conference after a meeting of the Federal Open Market Committee, June 17, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Reserve is expected to hold interest rates unchanged at its upcoming July meeting — as higher energy prices and renewed tensions with Iran have complicated the picture for…
A man looks over the plunging stock market indices at the Nasdaq MarketSite, December 20, 2000, in New York City’s Times Square. Chris Hondros | Hulton Archive | Getty Images While baby boomers hog most of the attention in conversations about retirement, Gen Xers are marching toward the same destination, and in many cases, without…
Me 3645 Studio | Moment | Getty Images Some high-earning investors who deferred capital gains taxes through a special set of funds will soon have a tax bill coming due. Authorized by the Tax Cuts and Jobs Act of 2017, Opportunity Zones are economically distressed communities nominated by states and certified by the Treasury Department….
Alistair Berg | Digitalvision | Getty Images There have been some lofty claims made about cryptocurrency in the past, including that it will replace government-issued money, prove as groundbreaking as the smart phone and democratize the financial system. But most investors point to a fairly ordinary reason for holding the digital assets: to diversify their…
Asia-pacific Images Studio | E+ | Getty Images The Federal Reserve sets national interest rate policy. But the U.S. central bank isn’t the only major player in this arena: Bond investors also have a big influence on consumers’ borrowing costs. Many types of consumer loans — such as mortgages and auto loans — often peg…
Banners celebrating the 250th anniversary of U.S. independence hang outside the U.S. Capitol building in Washington, June 22, 2026. Kylie Cooper | Reuters Social Security has just about six years before it may need to start reducing retirement benefits — unless Congress acts sooner. Earlier this month, a bipartisan group of senators put forward a…
Momo Productions | Digitalvision | Getty Images A 65-year-old who retires in 2026 may spend an average of $185,500 on health and medical expenses in retirement, according to a new estimate from Fidelity Investments — a price tag that the research shows is unexpectedly high for many retirees. The figure is up 7.5% from estimates…
CHICAGO – MARCH 28: Traders in the Ten-Year Treasury Note options pit at the Chicago Board of Trade signal offers in a flurry of activity following the announcement by the Federal Open Market Committee that it was raising short term interest rates another .25 percent March 28, 2006 in Chicago, Illinois. Trading in the pit…
BlackRock, Carhartt, Ford Motor Company and Google have announced a new initiative to expand access to skilled workforce training in response to growing labor shortages. The companies’ Alliance for America’s Skilled Trades intends to work with labor unions and trade associations, invest in apprenticeship programs and raise awareness to promote pathways into the trades, according to…