Parents who put money into their childrens Trump Accounts might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take h… [+16 chars]

Tax experts are urging Congress to shut down an arcane IRS reporting requirement that could make the savings vehicles too burdensome for most parents.

The Washington Post

Why investing in a Trump Account could complicate your taxes - The Washington Post

It would actually be the second charge the administration has imposed on Nvidia. Earlier this year, the administration said it would permit the company to sell an older chip to China provided it paid… [+4779 chars]

Some Democratic lawmakers say Trump is intruding on congressional authority or may be breaking the law by demanding a price for the chip maker's access to China sales.

Politico

Don't call it a tax hike? Trump's demand for a cut of Nvidia's China profits raises novel questions. - Politico

Then $75 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial.

Swings in the dollar, gold and government debt have been fertile territory for funds such as Rokos and Caxton

Financial Times

Market upheavals drive biggest gains since 2008 for macro hedge funds - Financial Times

There were some highs amid a lot of lows in a roller coaster year for clean energy as President Donald Trump worked to boost polluting fuels while blocking wind and solar, according to dozens of ener… [+8341 chars]

Dozens of energy developers, experts and politicians say there were some highs amid a lot of lows in a roller coaster year for clean energy as President Donald Trump worked to boost polluting fuels while stymying wind and solar. Surveyed by The Associated Pre…

Associated Press

Trump's return brought stiff headwinds for clean energy. So why are advocates optimistic in 2026? - AP News

Why it matters: Billionaires Michael and Susan Dell, quickly followed by Ray and Barbara Dalio, are running with the Trump Accounts for kids championed by President Trump which in turn built on ideas… [+5546 chars]

The goal: Give the next generation a financial leg up, plus a living lesson in compound interest.

Axios

The solve for America's aging crisis: Universal Basic Investment - Axios

Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change U.S. interest rates for months ahead after the central bank cut borrowing costs at its last three meetings, The… [+1565 chars]

The Federal Reserve Bank of Cleveland president sees no need to change rates for months ahead, The Wall Street Journal reported on Sunday.

CNBC

Fed's Hammack says there's no need to change interest rates for months, WSJ reports - CNBC

A pain ointment is being recalled due to dangers to children. Mamisan Pain Relieving Topical Ointment could be life-threatening for children, if they swallowed its packaging, federal officials say.
… [+1224 chars]

The container’s lid failed child safety requirements.

AL.com

Pain ointment pulled from shelves after safety concerns arise - AL.com

Chip giant Nvidia (NVDA) is considered to be one of the key beneficiaries of the artificial intelligence boom, thanks to robust demand for its advanced graphics processing units (GPUs). 
The stock h… [+6452 chars]

TipRanks spotlights three Wall Street pros who are bullish on Nvidia.

Three top Wall Street analysts stay bullish on Nvidia stock. Here's why - CNBC

For years, Braden Wallake has posted everything from business lessons to animal pictures on his LinkedIn page. A fateful midweek post on a late-summer day stopped the marketing executive in his track… [+7572 chars]

Executives and founders were sold on the idea that social media is good for business. But they're learning the hard way that it's not all it's cracked up to be.

Your CEO wants to be a social media influencer. Is it cool or cringy? - CNBC

For homebuyers, getting one preapproval for a mortgage that has palatable terms may seem good enough. 
More than two-thirds 69% of homebuyers submit only one mortgage application, according to anew … [+4349 chars]

Because interest rates and closing costs vary among lenders, not shopping around for the best mortgage terms can be a costly mistake.

Most homebuyers don't shop around for a mortgage, research shows. Why that's a bad idea - CNBC

Emilie Nasseh, a 30-year-old living inManhattan, has made up to $2,000 a month through an unconventional side hustle: renting her clothes and accessories.
Nasseh uses Pickle, a peer-to-peer clothing… [+4673 chars]

The costs of social outings can add up, and some young adults are compromising by renting clothes instead of buying high-end luxuries.

This chic side hustle is gaining traction: Renting out your clothes - CNN

On-air challenge
Every answer today is a familiar two-word phrase or name in which the first word starts BE- and the second word start D- (as in "bed"). (Ex. Sauce often served with tortilla chips  … [+1642 chars]

NPR's Ayesha Rascoe plays the puzzle with WUNC listener Josh McIntyre of Raleigh, N.C., and Weekend Edition Puzzlemaster Will Shortz.

Sunday Puzzle: BE-D with two words - NPR

Erik Smolinski started trading stocks as a teenager in 2007.
Over the past nearly two decades, the Marine veteran and full-time trader posted just two negative years his first two and, between 2018 … [+2850 chars]

Erik Smolinski says a key to his success lies in his organization. He keeps a detailed trading plan and trading log — and monitors his progress through AARs.

Business Insider

A stock trader who consistently beats the S&P 500 shares the end-of-year strategy that sets him up for success - Business Insider

Sad female worker carrying her belongings while leaving the office after being fired
Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands… [+5839 chars]

Some of the world's biggest tech companies cited AI as part of their layoff and restructuring strategy in 2025.

AI was behind over 50,000 layoffs in 2025 — here are the top firms to cite it for job cuts - CNBC

As Americas labor market slows, AI-led interviews and auto-generated cover letters are dramatically changing the process of getting a job. And maybe not for the better.
More than half of the organiz… [+4564 chars]

As America’s labor market slows, AI-led interviews and auto-generated cover letters are dramatically changing the process of getting a job. And maybe not for the better.

AI hiring is here. It’s making companies — and job seekers — miserable - CNN

Image source: Getty Images
The S&amp;P 500 doesnt have a reputation for being stuffed full of dividend stocks. Indeed, the index as a whole is presently (19 December) offering a yield of 1.21%. Comp… [+4587 chars]

Our writer takes a closer look at the highest-yielding S&P 500 stock. But is this return sustainable, or could it be a value trap? The post At 12.5%, this S&...

Motley Fool UK

At 12.5%, this S&P 500 dividend stock has the highest yield on the index - Yahoo Finance UK

Contracts with Chinese tech giant have rapidly turned Datasection into one of Asia’s biggest ‘neoclouds’

Inside Tencent’s deal to use Nvidia’s best AI chips in Japan - Financial Times

Profit-taking has also brought this year’s steep rally to an end in the last quarter

Chinese stocks cool on weak economic data - Financial Times

The Powerball jackpot climbed to an estimated $1.6 billion — the game's fourth-largest prize ever —after another drawing passed Saturday night without a winner. The winning numbers were 4, 5, 28, 52 … [+1873 chars]

The Powerball jackpot grew to an estimated $1.6 billion after no tickets matched all six winning numbers at Saturday night's drawing. It's the fifth-largest prize among U.S. lottery jackpots.

CBS News

Powerball jackpot climbs to estimated $1.6 billion ahead of next drawing - CBS News

In advance of hurricane force winds moving into Colorado earlier this week, Xcel Energy preemptively shut off power to protect areas of the state from extreme fire danger. But due to the outage, time… [+2376 chars]

Due to the power outage, time (very) briefly stood still at the NIST Internet Time Service facility in Boulder.