The United States government has officially launched a new investment program for newborns, called ‘Trump accounts,’ designed to help families start saving for their children’s future. The initiative, established under the One Big Beautiful Bill, provides an initial government deposit of $1,000 for every child born between 2025 and 2028. Officials estimate that approximately 25 million families will be eligible to participate over the next three years. Early adoption has been strong, with

New Jersey mayors are expressing deep concern following President Donald Trump’s announcement that his administration plans to terminate federal funding for sanctuary cities and states that resist his immigration policies. The move, which is expected to take effect on February 1, could have wide-ranging consequences for several municipalities across the state and has renewed debate over the balance of power between federal authority and local governance. New Jersey is home to multip

San Francisco state and city leaders announced a proposed legislative change Monday aimed at expanding the use of court-ordered assisted outpatient treatment as part of an effort to confront the city’s ongoing mental health crisis. The announcement was made during a morning press conference outside San Francisco City Hall, where officials described the proposal as a significant shift in how treatment for severe mental illness is handled in California. Mayor Daniel Lurie joined mem

The Internal Revenue Service has announced that the 2026 tax filing season will officially begin on Monday, Jan. 26, giving taxpayers the green light to submit their 2025 individual income tax returns. The agency expects to process approximately 164 million returns during the upcoming season, with the vast majority filed electronically. Officials say new tax law provisions could lower tax liabilities for some filers and potentially increase refund amounts, while operational changes may alter

President Donald Trump’s recently announced agreements with pharmaceutical companies are expected to have a limited effect on what most Americans pay for prescription drugs, according to health policy experts who say the scope and structure of the deals leave many patients unaffected. Since Sept. 30, the Trump administration has reached agreements with 14 drugmakers in exchange for relie

India has ushered in a new phase of insurance regulation with Parliament clearing the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, a move that comes at a time when trust between insurers and policyholders is increasingly strained. For millions of Indians, insurance is ultimately judged not by policy documents or premium receipts but by the ease and fairness of claim settlement. Delays, repeated document requests, late-stage exclusions, and opaque rejections have long plag

The Union government has sought additional information from social media platform X regarding the steps taken to address obscene and sexually explicit content linked to its artificial intelligence tool, Grok, and the measures planned to prevent similar incidents in the future, according to sources familiar with the matter. The request follows a detailed response submitted by the platform, which officials have assessed as insufficient in addressing key regulatory concerns. Sources in

Property owners in central Ohio will see notable changes to property tax payment schedules beginning in 2026, as officials in Franklin County revise due dates and Delaware County advances the start of its billing cycle. County leaders emphasized that the adjustments are designed to improve administrative efficiency and provide taxpayers with more time to prepare payments, without altering the total amounts owed or disrupting existing payment plans.

Chicago’s newly approved budget is now in effect, introducing a series of tax changes that will be rolled out in stages throughout the year. While some measures began immediately on Jan. 1, others are scheduled to take effect in the coming weeks and months, gradually reshaping costs for consumers and businesses across the city. Among the changes that began with the start of the new year is an increase in the checkout bag tax. Shoppers now pay 15 cents per grocery bag, up from the

Illinois is set to enter 2026 with sweeping changes to state policy as more than 200 new laws take effect at the start of the year, touching nearly every aspect of daily life. The legislation approved by lawmakers spans healthcare access, workplace protections, public safety, education standards, insurance coverage and the growing role of artificial intelligence, marking one of the most expansive legislative updates in recent years. Several of the most consequential measures focus o

Pakistan has offered Bangladesh the use of its Karachi port for exporting jute and other goods, marking a significant geopolitical move amid deteriorating India-Bangladesh relations. The offer comes shortly after India banned the import of jute products through land routes, a major blow to Bangladesh’s export sector. The development was formalized during the Pakistan-Bangladesh Joint Economic Commission (JEC) meeting in Dhaka, held after a gap of nearly 20 years, signaling a thaw in relatio

In response to rising trade tensions, the Prime Minister’s Office (PMO) will convene a high-level meeting on August 26, 2025, to discuss measures for Indian exporters facing the upcoming 50% tariff on goods entering the United States. This tariff increase, which comes into effect starting Wednesday, marks a significant escalation, with the US government doubling existing duties on Indian imports. Sources famil

President Donald Trump has announced plans to double tariffs on steel imports to 50%, up from the existing 25%, as part of his administration’s effort to reinforce domestic manufacturing and ensure long-term industrial independence. Speaking to American steelworkers during a visit to a steel facility in Pennsylvania, Trump emphasized that his administration remains committed to policies that protect American jobs and prevent foreign dominance in vital sectors. Trump’s

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence

The United States and China are expected to provide more clarity on the progress made during a series of marathon trade discussions held over the weekend in Geneva. These talks brought together high-level officials from both countries, and their outcomes may mark a turning point in ongoing efforts to resolve longstanding economic tensions between the two largest global economies. While full details have not yet been disclosed, early signals from both sides suggest cautious optimis

Stock futures rose sharply on Thursday following an announcement from President Donald Trump that the United States and the United Kingdom have finalized a major trade agreement. This development sparked enthusiasm across Wall Street, especially in technology stocks, and contributed to a strong premarket rally. Futures tied to the Dow Jones Industrial Average gained 303 points, a 0.7% increase, while futures on the S&P 500 and Nasdaq

In a significant escalation of tensions following the deadly terror attack in Pahalgam, the Indian government has announced a complete ban on all imports from Pakistan. The decision, announced by the Ministry of Commerce, comes in the wake of mounting national security concerns and is seen as part of a broader strategy to isolate Pakistan diplomatically and economically on the global stage. The notification issued by the Indian government clearly states that "direct or indirect

 Apple is taking a major strategic step by shifting a significant portion of its iPhone production for the US market to India. The move, confirmed by CEO Tim Cook, is largely driven by economic factors, especially the sharp difference in tariff rates between goods produced in India and China. According to Cook, the cost of exporting iPhones from India to the United States is much lower due to the 10 percent tariff, compared to the far higher rate imposed on Chinese imports. While Apple cont

Veteran emerging markets investor Mark Mobius has shifted nearly all of his investments into cash, citing ongoing global trade tensions and market uncertainty. In an interview with Bloomberg Television, Mobius said that he currently has around 95% of his funds in cash, declaring that “cash is king” as the global economy navigates unstable trade dynamics. Mobius, who has over three decades of experience investing across developing markets and co-founded Mobius Capital P

 Adidas has confirmed that U.S. tariffs introduced under former President Donald Trump will eventually lead to price increases on all of its products sold in the American market. The German sportswear company made the statement on Tuesday while presenting a strong financial performance for the first quarter, though it acknowledged that continued global trade uncertainty was holding back its growth forecast. The sportswear giant said it could not yet determine exactly how much