Search results for Trump Accounts
Crypto
Strategy to fund \'Trump accounts\' for U.S. employees\' children with $250 a year
Strategy will deposit $250 a year into \'Trump accounts\' for all U.S. employees\' children under 18. The company said it will join the corporate savings programme under the U.S. childcare support policy Invest America. For children born after Jan. 1, 2025, Strategy will also make a one-time additional deposit matching a $1,000 contribution paid by the U.S. Treasury. Other large financial firms are also joining.
Industry
SpaceX IPO boost may have made thousands of employees millionaires, Musk says
SpaceX’s surge in valuation may have turned thousands of early employees into millionaires, Elon Musk (일론 머스크) said in a broadcast interview, including production-line workers whose shareholdings may now exceed $1 million. He said the company’s philosophy is for all employees to receive stock so they share in growth. Reports described stock options granted at hiring, reviews and promotions, and periodic private liquidity events. SpaceX shares rose after listing but later retreated.
Finance
Financial sector \'digital risks\' rise, putting IT controls to the test
As financial companies expand use of AI, South Korean regulators are sharpening oversight of security and internal controls. The Financial Services Commission plans to exempt sanctions for minor system disruptions during AI security tests or emergency patches if conditions are met, while requiring swift recovery and consumer protection. The Financial Supervisory Service will intensively inspect IT basic controls in the second half and urged banks to build AI internal-control systems. A Woori Bank data leak and broader market and industry moves have also highlighted digital risks.