Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
Financial experts are divided over whether Trump accounts are truly worth it, but bottom line, it really depends on your family’s financial goals. Here’s how they work. The government has set up Trumpaccounts.gov, *** website where you’ll find more information and *** phone app that you can download to help manage your account. Families, employers, and even charities can contribute up to 5000 non-tax deductible dollars every year per child. The biggest straw is arguably for babies born between 2025. And 2028 who qualify for *** free $1000 seed fund to get started. The money sits in *** long-term index fund account, and the growth is based on stock market performance. Some experts say the accounts have drawbacks compared to other ways to invest for your child. I would recommend, of course, taking advantage of what this administration is given. To all citizens, but also if you have the disposable income, put it into *** 529 plan. The more the better. Um, the more instruments that you’re utilizing to save and prepare for your future, the better. Now it’s important to note here that Trump accounts come with certain restrictions if you plan to withdraw that money before your child turns 18. Once they do turn 18, those Trump accounts act *** lot like *** traditional IRA, meaning you could face early withdrawal tax penalties if that money is not used towards specific exceptions, for example, buying *** home or paying for an education. Reporting in Washington, I’m Amy Liu.
Asian shares sink, with Tokyo down nearly 5% as slumping AI stocks drag world markets lower
Asian shares skidded Friday, with Tokyo’s Nikkei 225 down 5% as heavy selling of computer chipmakers and other AI-related shares dragged markets lower.South Korean markets were closed Friday, but shares in Taiwan also fell more than 5%.Video above: Are Trump Accounts worth it? Here’s what financial experts sayStocks related to artificial intelligence have been under pressure for weeks because of worries that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised.On Thursday, the S&P 500 fell 0.5% even though more stocks rose within the index than fell. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite lost 1.5%. Wall Street mostly rose after more U.S. companies reported better earnings for the latest quarter than analysts expected.
Asian shares skidded Friday, with Tokyo’s Nikkei 225 down 5% as heavy selling of computer chipmakers and other AI-related shares dragged markets lower.
South Korean markets were closed Friday, but shares in Taiwan also fell more than 5%.
Video above: Are Trump Accounts worth it? Here’s what financial experts say
Stocks related to artificial intelligence have been under pressure for weeks because of worries that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised.
On Thursday, the S&P 500 fell 0.5% even though more stocks rose within the index than fell. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite lost 1.5%. Wall Street mostly rose after more U.S. companies reported better earnings for the latest quarter than analysts expected.
