US Top News and Analysis | Robinhood, BNY to build Trump Accounts app

Robinhood, BNY to build Trump Accounts app
The U.S. Department of the Treasury announced Monday that Bank of New York Mellon (BNY) will be the designated financial agent for Trump accounts. BNY will manage the initial accounts and has partnered with Robinhood to develop a yet-to-be-released Trump Accounts app, according to an announcement on CNBC's "Squawk on the Street." The initiative, launched on July 4, provides tax-deferred investing accounts for children born between 2025 and 2028, featuring a one-time $1,000 Treasury deposit for eligible participants.

As of March 31, more than 4 million children had been signed up for Trump accounts, with over 1 million eligible for the Treasury’s $1,000 pilot program contribution, per the IRS. Parents or guardians can enroll by filing IRS Form 4547 with their 2025 tax returns or via TrumpAccounts.gov. The authentication process is expected in May, with seed money arriving on July 4. BNY, alongside other large employers, previously pledged to match the Treasury’s $1,000 contribution for employees’ children, reinforcing the program’s goal of expanding financial opportunity.

Robinhood CEO Vlad Tenev affirmed the company’s support for Trump accounts “from the very beginning,” citing its technology resources and commitment to the program’s success. Contributors can add up to $5,000 annually in after-tax dollars, with employers able to deposit up to $2,500 pre-tax yearly for employees’ children. The contribution limit is indexed for inflation after 2027, and philanthropists in multiple states have committed to seeding accounts for qualifying families. The IRS emphasized collaboration with the Treasury to simplify enrollment through a one-page tax return form.

Read more: https://www.cnbc.com/2026/04/06/treasury-trump-accounts-bny-robinhood.html

#robinhood #bny #trumpaccounts #u.s.departmentofthetreasury #irs

🎮 Random Retro Game:

Title: Robin Hood: Prince of Thieves
Released: 1992-12-10
Platforms: Game Boy, NES

#RobinHood:PrinceofThieves #GameBoy #NES #Retrogames

"I will tan thy hide till it be as many colors as a beggar's cloak."

"Thou pratest like an ass... for I could send this shaft clean through thy proud heart before a curtal friar could say grace over a roast goose."

- Howard Pyle, "The Merry Adventures of Robin Hood"

#BookologyThursday #Mythology #Folklore #England #Book #Fiction #Literature #RobinHood #HowardPyle

Modern Day Robin Hood? Kalshi Is Giving War Profiteering Back to the Little Guy

https://fed.brid.gy/r/https://thehardtimes.net/blog/modern-day-robin-hood-kalshi-is-giving-war-profiteering-back-to-the-little-guy/

undefined | Stocks making the biggest moves premarket: Sysco, CrowdStrike, Alcoa & more

**Stocks Leading the Premarket Action**
The pre‑market session highlighted a mix of sharp declines and strong gains across several sectors. Sysco, the wholesale food distributor, slid 4.5 % after announcing a $29.1 billion acquisition of Jetro Restaurant Depot, which the company said would be “immediately accretive” and close in its fiscal third quarter of 2027. Avis saw its shares tumble more than 9 % following a massive 48 % rally the week before; investors appeared to be taking profits after the rental firm benefited from heightened travel demand caused by a Department of Homeland Security funding impasse at U.S. airports.

**Materials, Cybersecurity and Defense Winners**
Alcoa rallied over 9 % as aluminum prices rose more than 4.5 % after Iranian missile strikes disrupted critical infrastructure in the Middle East, boosting expectations for higher metal prices. Cybersecurity leader CrowdStrike gained roughly 2.5 % after Wolfe Research upgraded the stock to “outperform,” citing increasing cyber risks linked to artificial‑intelligence technologies, while Morgan Stanley named it a top pick despite a 21 % decline in 2026 on earlier AI‑related concerns. Defense contractor Leidos added about 2.5 % after completing its $2.4 billion acquisition of Entrust, a move aimed at expanding its footprint in the energy‑infrastructure market and meeting rising power‑sector demand.

**Tech Platforms and Memory Chip Rebound**
Trading platforms Robinhood and Coinbase each rose more than 2 % as cryptocurrency prices recovered, with Bitcoin up 2.5 % and back above $67,000. Expedia saw a 2.5 % gain after Jefferies upgraded the online travel company to a buy rating, citing strong earnings growth despite AI‑related worries and travel‑demand headwinds from the Middle East conflict. Memory‑chip stocks—including SanDisk, Seagate Technology and Micron—rebounded about 2 % following a brief sell‑off triggered by Google research that had investors fearing a slowdown in chip demand.

Read more: undefined

#sysco #alcoa #crowdstrike #leidos #robinhood