President Donald Trump on Monday celebrated the launch of Trump Accounts by ringing the opening bells of the New York Stock Exchange and Nasdaq from the White House.

Trump Accounts were created by the One Big Beautiful Bill Act, the package of tax cuts and reforms that Republicans passed through Congress and was signed into law by President Donald Trump last year.

“This is about the Trump Accounts, which are absolutely incredible for children. Children at the age of 18, and after, become very wealthy people – come into the world with essentially no money and end up at a pretty young age being very rich,” Trump said.

“That’s something that we’ve wanted to do, this country’s wanted to do for 25 years,” the president added.

President Donald Trump has touted the Trump Accounts initiative since the passage of the One Big Beautiful Bill Act. (Win McNamee/Getty Images)

The initiative invests the savings in low-cost index funds that provide broad, diversified exposure to the U.S. stock market.

GOLDMAN SACHS TO CONTRIBUTE $1,000 TO TRUMP ACCOUNTS FOR ELIGIBLE CHILDREN OF EMPLOYEES

Parents and guardians may contribute up to $5,000 per year to the accounts belonging to their children, while a parent’s employer can contribute up to $2,500 annually without impacting the employee’s taxable income.

The accounts will be seeded with $1,000 in federal money to give children born between 2025 and 2028 a jump start on their savings.

The Trump Accounts app will feature eight exclusive financial literacy modules. (U.S. Department of the Treasury / Fox News)

At the time of the official launch of Trump Accounts, there is one investment option available, although the Treasury Department has indicated four more will be available in the months ahead.

The State Street SPDR Portfolio S&P 500 ETF (SPYM), a low-cost exchange-traded fund (ETF) that tracks the performance of the S&P 500 Index, will be the initial default investment option.

Four other ETFs in the future include two that focus on the total U.S. stock market offered by Vanguard and iShares, along with a State Street ETF focused on the broader S&P 1500, as well as another iShares offering focused on the S&P 500.

LONDON — Marta Kostyuk defeated American Ashlyn Krueger 6-4, 6-4 on Monday to reach her first Wimbledon quarterfinal, continuing a breakout season for the Ukrainian that has now seen her advance to the fourth round or better at all four Grand Slam tournaments.

The match, played on No. 2 Court, pitted the No. 13-seeded Kostyuk against Krueger, an American ranked outside the top 100 who had been enjoying the best run of her career on grass. Kostyuk used her aggressive baseline game and sharp return of serve to overcome a confident Krueger, closing out the win in straight sets to book a spot in her first Wimbledon quarterfinal.

The victory extended what has become one of the more remarkable turnarounds on the WTA Tour this season. Kostyuk has now won 19 of her last 20 matches, a stretch that included a run to the semifinals at Roland Garros earlier this year, a tournament where she memorably ended four-time champion Iga Swiatek’s run in the earliest French Open exit of Swiatek’s career in seven years. Kostyuk entered Wimbledon with a modest 19-19 career record on grass and had previously never advanced past the third round at the All England Club, a surface she has openly said used to feel like her worst.

Kostyuk’s win over Krueger followed a hard-fought third-round victory over American Emma Navarro, whom Kostyuk beat 6-2, 4-6, 6-1 after saving four of five break points she faced. That win was particularly significant given that Navarro had beaten Kostyuk in all four of their previous meetings. Reflecting on her run to the fourth round after that match, Kostyuk said she had never expected to reach that stage of the tournament, adding that regardless of the outcome, the most important thing was to enjoy the experience fully.

Kostyuk has also been candid about her prior struggles on grass, saying she had played what she described as horrendous tennis at Wimbledon in previous years and had never been able to find her form on the surface at any level of tournament, whether at the majors or smaller grass-court events. She noted that even in the lead-up to this year’s tournament, she had lost most of her practice sets, including matches against Serena Williams and Jessica Pegula, before turning her form around once the event began.

With Monday’s win, the 24-year-old Kostyuk moved into rarefied statistical territory. According to tournament statistics provider Opta, she became just the fourth player born in the 2000s to reach a Grand Slam quarterfinal on all three major surfaces, hard court, clay and grass, joining Iga Swiatek, Amanda Anisimova and Coco Gauff as the only players born in that decade to have accomplished the feat. The result also pushed Kostyuk to the brink of a maiden top-10 ranking, with her live ranking rising to No. 11, just 194 points behind the current No. 10, Victoria Mboko, who withdrew from this year’s Wimbledon due to a knee injury sustained at the Queen’s Club tournament.

For Krueger, the loss ended what had already been the best Grand Slam result of her career. Having reached the fourth round of a major for the first time, Krueger arrived at Wimbledon on the back of a 16-1 record on grass this season, a stretch that included winning the WTA 125 title in Ilkley and reaching the semifinals in Birmingham. Her run through the tournament included straight-set wins over Mariam Bolkvadze and Daria Snigur, along with a tighter three-set victory over 2024 semifinalist Donna Vekic in her opening match.

Monday’s meeting marked the second career encounter between the two players. Krueger had won their first meeting in straight sets at a hard-court tournament in Adelaide in 2025, a result that briefly gave her the edge in their head-to-head series. Kostyuk’s win on Monday evened that record and marked a significant statement given the difference in surface and stakes between the two matchups.

Krueger’s run through the tournament had drawn attention in part because she began the year outside the top 100 after failing to defend key ranking points from the previous season. Her performances on grass this year, capped by her deepest Grand Slam run to date, are expected to lift her ranking closer to the top 60 in the coming weeks, even after Monday’s defeat.

Kostyuk will next face the winner of a separate fourth-round match between Italy’s Jasmine Paolini, the No. 13 seed, and Filipino player Alexandra Eala, the No. 29 seed, as she continues her push toward a first Wimbledon semifinal appearance. Her run this fortnight has established her as one of the more credible outsiders remaining in a wide-open women’s draw, following her breakthrough run to the semifinals in Paris earlier this season.

The result continues a trend of deep runs for Kostyuk across each of the sport’s four majors this year, a consistency that has become a defining feature of her 2026 season. Having entered the year without a clear signature surface, she now finds herself with credible results on all three, a development that has repositioned her as a genuine contender heading into the latter stages of the year’s grass-court major.

Play at Wimbledon continues through the remainder of the week, with the men’s and women’s quarterfinals set to further narrow the field as the tournament moves toward its concluding rounds later this month.

LONDON — Buckingham Palace confirmed Monday that Prince Harry will not be staying at the royal residence during his visit to London this week, contradicting an earlier statement from the Duke of Sussex’s team that said he had accepted an offer to do so, in the latest episode of confusion and mutual finger-pointing between the two camps.

According to a royal source, Harry had not formally responded to King Charles’ offer of accommodation at a royal residence by the required deadline, which fell at the end of last week. The source said an initial offer for a royal residence to accommodate the wider Sussex family was turned down on Saturday, before a separate request came in for Harry to stay by himself. By that point, the source said, it was too late to arrange the appropriate hospitality and staffing needed to host him, a requirement the palace says applies to any guest staying at one of its residences.

Harry’s spokesperson offered a different account of events. In a statement, the spokesperson said that following a decision by the Royal and VIP Executive Committee, known as RAVEC, not to provide taxpayer-funded security for his family, the duke spent last week arranging alternative security measures. Once those arrangements were finalized, the spokesperson said, Harry was able to formally accept the accommodation offer over the weekend. The spokesperson called it “disappointing” that the offer had since been withdrawn, noting that Buckingham Palace had cited a Tuesday court judgment as a reason for the reversal despite having been aware of the judgment’s timing since the previous Thursday. “It is therefore unclear why, having formally accepted the accommodation offer, it has now been withdrawn at the last moment,” the spokesperson said.

Palace sources have also pointed to sensitivities surrounding the timing of a High Court judgment expected this week in a long-running legal case Harry brought against the publisher of the Daily Mail, alongside other claimants including Elton John, Sadie Frost, Elizabeth Hurley and Baroness Doreen Lawrence. Sources close to the palace have suggested concerns about Harry staying at a royal residence on the same day that judgment is handed down, saying the King cannot appear to be compromised in relation to the ongoing litigation.

The back-and-forth has drawn attention to what several outlets have described as a pattern of poor communication and mutual distrust between the Sussex team and Buckingham Palace, a dynamic that has persisted since Harry and his wife, Meghan, stepped back from royal duties in 2020. Multiple British media outlets reported earlier Monday, citing Harry’s spokesperson, that the duke had accepted the palace’s invitation, only for palace sources to push back within hours and say the acceptance had come too late to be honored.

The dispute has also become fodder for public commentary. Royal commentator Dan Wootton wrote on the social media platform X that King Charles was “absolutely right to say no to Prince Harry (and Meghan Markle especially) staying in Buckingham Palace,” adding that “the door must now be slammed shut.” Wootton, whose remarks reflect his own characterization of the situation rather than an official palace position, further wrote that Harry and Meghan had made unfounded allegations of racism in an effort to undermine the royal family and that, in his view, their public actions have repeatedly generated controversy. Wootton’s comments represent one vocal perspective among many being expressed publicly as the story has developed, and they have not been endorsed by Buckingham Palace or any official royal spokesperson.

Harry is traveling to the United Kingdom this week to mark the one-year countdown to the 2027 Invictus Games, the Paralympic-style sporting competition for injured and ill servicemen and veterans that he founded more than a decade ago, along with a series of other charity engagements planned across London and the Midlands. It had already been confirmed, separately from the accommodation dispute, that Harry would travel without Meghan and their two children, Archie and Lilibet, following the RAVEC decision not to provide the family with police protection funded by taxpayers during their visits to the UK. It remains possible that Meghan could join Harry later in the week in Birmingham for events tied to the Invictus Games countdown, according to reporting on his travel plans.

The accommodation dispute has added further uncertainty to the question of whether Harry will meet with his father during the visit, a meeting that had reportedly been under discussion before the disagreement over lodging emerged. It also remains unclear whether King Charles will have the opportunity to see his two grandchildren, now ages seven and five, whom he has reportedly not seen in person in roughly four years, should Meghan and the children ultimately join Harry later in the trip.

Harry and Meghan were last together in the United Kingdom in 2022 for the funeral of Queen Elizabeth II. Since stepping back from their roles as senior working royals that same year, the couple has largely resided in the United States, making periodic visits to the UK for specific engagements, court proceedings and family events, several of which have similarly been marked by public disagreements over security arrangements and other logistical matters.

As of Monday, neither Buckingham Palace nor representatives for Harry had indicated whether the dispute over accommodation would affect the broader schedule of his visit this week, including his planned charity engagements and any potential meeting with the King. Both sides have continued to offer contrasting accounts of how the accommodation offer was extended, accepted and ultimately withdrawn, with no clear indication that either party intends to publicly revise its version of events in the immediate aftermath of Monday’s statements.