NEW YORK (AP) — Billionaires Michael and Susan Dell pledged a historic $6.25 billion on Tuesday to provide an incentive to families to adopt new investment accounts for children. The so-called “Trump Accounts” were created as part of President Donald Trump’s tax and spending legislation but have not yet launched. The gift has little precedent…… MORE
WASHINGTON (AP) — Costco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump’s most sweeping import taxes. They’re already going to court to demand refunds on the tariffs they’ve paid. The Court of Trade and the U.S. Court of Appeals for the Federal Circuit in Washington…… MORE
MILAN (AP) — The Prada Group has officially purchased Milan fashion rival Versace for $1.375 billion. The deal announced Tuesday brings the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal. The highly anticipated acquisition is expected to relaunch Versace’s fortunes. Versace has…… MORE
WASHINGTON (AP) — President Donald Trump’s tax legislation included a provision called “Trump Accounts,” which gives $1,000 to every newborn if their parents open an account. This money is invested in the stock market, and children can access it when they turn 18. The accounts aim to help low-income children build wealth. Congress is funding…… MORE
WASHINGTON (AP) — The Trump administration says it will withhold funds for administering SNAP food aid in most Democratic-controlled states starting next week unless they provide data about those receiving the assistance. Agriculture Secretary Brooke Rollins said Tuesday that the action is looming because those states are refusing to provide requested information about the recipients,…… MORE