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Tech billionaires Michael and Susan Dell announced Tuesday that they are pledging $6.25 billion to create some 25 million additional ‘Trump Accounts’ for children across the country.

These accounts will be seeded with $250 each, and available for children who missed the eligibility cutoff for the $1,000 federally funded ‘Trump Accounts’ for babies born after Jan. 1, 2025.

Children living in ZIP codes with median incomes below $150,000 will be the first to receive the funds, the White House said.

‘The greatest investment that we could possibly make is in children,’ Susan Dell said alongside President Donald Trump at the White House.

‘It’s really an amazing moment that two people would do that kind of a contribution,’ Trump said.

The president said he was also talking to other wealthy donors and friends to potentially make similar contributions.

Michael Dell; President Donald Trump.Errich Petersen; Chip Somodevilla / Getty Images

Asked how this donation came to be, Michael Dell said: ‘We started talking about Texas only at the beginning. And then we thought about it some more, and we went back and forth, as we do on these things, and this is where we ended up.’

The Dells said they considered making the pledge for a long time. But they said they didn’t want the pledge to be the end of their involvement.

Michael Dell encouraged states to ‘really grow financial literacy’ to help educate families about how the accounts and markets work.

‘These deposits will reach the accounts of most children age 10 and under who were born prior to the qualifying date for the federal newborn contribution,’ the Dells said in a statement issued by their foundation.

‘Children older than 10 may benefit, too, if funds remain available after initial sign-ups,’ the Dell family said. ‘It is an incredibly practical and direct step to help families begin saving today.’

The Dells say they ‘believe this effort will expand opportunity, strengthen communities, and help more children take ownership of their future.’

The Dell family gift “is expected to reach nearly 80% of children age 10 and under across 75% of U.S. zip codes,” according to the nonprofit Invest America.

Children born after Jan. 1 and until Dec. 31, 2028, will receive an account infused with a $1,000 investment from the U.S. Treasury, as part of the recently passed One Big Beautiful Bill.

The accounts will open and begin accepting contributions starting on July 4, 2026. The accounts will initially be held by a financial firm designated by the Treasury Department, but later will be able to be transferred to any brokerage firm.

Those accounts will also be eligible for additional contributions of up to $5,000 per year until the beneficiary child reaches age 18. Withdrawals from the accounts are not permitted until the children reach that age.

Trump accounts can be invested only in low-cost index funds or ETFs that either mirror the S&P 500 or ‘another American stock index,’ according to the White House Council of Economic Advisers.

‘These investment accounts are simple, secure, and structured to grow in value through market returns over time,’ the Dell family said.

‘Trump Accounts represent a potentially valuable tool for building up savings and tapping the power of compound growth for the young,’ Charles Schwab tax planning director Hayden Adams recently wrote.

If a family could contribute and invest the maximum $5,000 per year in the accounts, and with a reasonable growth rate of about 6%, ‘by age 18, the child’s account would hold around $191,000 in assets.’

Once a child turns 18, the accounts are eligible to be converted to a traditional individual retirement account, ‘meaning it could continue to accumulate potential gains on a tax-free basis’ for many years.

The Dells are one of the wealthiest families in America, with a fortune of nearly $150 billion, according to Bloomberg Billionaires. The family’s primary source of wealth is Dell Technologies, the company founded by Michael Dell in 1984.

In recent years, the value of Dell shares have been fueled by the booming AI revolution, for which Dell is a supplier of servers and other technology.

This post appeared first on NBC NEWS

MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal.

The highly anticipated deal is expected to relaunch Versace’s fortunes, after middling post-pandemic performance as part of the U.S. luxury group Capri Holdings.

Prada said in a one-line statement that the acquisition had been completed after receiving all regulatory clearances.

Prada heir Lorenzo Bertelli will steer Versace’s next phase as executive chairman, in addition to his roles as group marketing director and sustainability chief.

The son of co-creative director Miuccia Prada and longtime Prada Group chairman Patrizio Bertelli has said he doesn’t expect to make any swift executive changes at Versace. But Bertelli has said that the company, which places among the top 10 most recognized brands in the world, has long been underperforming in the market.

Prada has underlined that the 47-year-old Versace brand offered “significant untapped growth potential.’’

Versace has been in the midst of a creative relaunch under a new designer, Dario Vitale, who previewed his first collection during Milan Fashion Week in September. He had previously been head of design at Miu Miu, but his move to Versace was unrelated to the Prada deal, executives have said.

Capri Holdings, which owns Michael Kors and Jimmy Choo, paid $2 billion for Versace in 2018, but had been struggling to position Versace’s bold profile in the recent era of “quiet luxury.″

Versace represented 20% of Capri Holdings 2024 revenue of 5.2 billion euros. An analyst presentation for the Prada deal said that Versace would represent 13% of the Prada Group’s pro-forma revenues, with Miu Miu coming in at 22% and Prada at 64%. The Prada Group, which also includes Church’s footwear, reported a 17% boost in revenues to 5.4 billion euros last year.

The Prada Group has already begun preparations to incorporate crosstown rival Versace into its Italian manufacturing system, a point of pride for the group.

“Making a bag for one brand or another, the know-how is the same,″ Bertelli told reporters last week at the group’s Scandicci leather goods factory, which already makes bags for the Prada and Miu Miu brands and will soon add Versace.

The Prada Group’s has invested 60 million euros in its supply chain this year, including a new leather goods factory near Siena, a new knitwear factory near Perugia as well as increasing production at its factory Church’s footwear factory in Britain and expanding another Tuscan factory. That’s on top of 200 million euros in investments from 2019-24.

Prada’s efforts include an academy that has trained some 570 new artisans over the last 25 years in an in-house training academy operating in the Tuscany, Marche, Veneto and Umbria regions.

Last year, Prada hired 70% of the 120 artisans who trained in the academy. The number of trainees rose by 28% to 152 this year.

This post appeared first on NBC NEWS

Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber Monday’ shopping day.

Some merchants that use Shopify’s service to sell goods online said they experienced issues with checkouts through the company’s point-of-sale system.

Businesses that run on Shopify also had trouble logging into their administrative portals.

In a statement, Shopify said: ‘We had a system degradation that has now been mitigated.’

Throughout the day, business owners posted angry messages directed at the company on X, where Shopify President Harvey Finkelstein had posted ‘HAPPY CYBER MONDAY! Let’s finish strong!’ earlier in the day, with an emoji of a flexed arm.

One business, Costack Spices, based in London, replied: ‘How??? [We] cannot fulfill orders or log on,’ with three red-faced emojis. In a follow-up, the company posted, ‘This is unbelievable.’

Another user wrote, ‘@ShopifySupport I haven’t been able to access it for the last couple hours.’

Shopify replied to most users on X with the same message: ‘We are aware of an issue with Admins impacting selected stores, and are working to resolve it.’

In 2024, merchants using Shopify services recorded $11.5 billion in sales from Black Friday through Cyber Monday, the company said, with more than 76 million customers buying from businesses powered by the platform.

Shopify provides website design tools, online checkout services and digital advertising products to businesses of all sizes. The company says that millions of merchants use its services.

While Shopify’s share of Cyber Monday sales may be limited, smaller businesses that rely on the company to process their transactions may have missed out on crucial sales at the start of the all-important holiday season.

Total Cyber Monday sales are expected to be more than $53 billion, according to Salesforce.

Shopify stock ended the trading day down 5.9%.

This post appeared first on NBC NEWS

Dallas Stars forward Tyler Seguin is expected to be out for the rest of the season after injuring his ACL in a loss to the New York Rangers.

He was injured on Tuesday, Dec. 2, when Rangers defenseman Vladislav Gavrikov fell on his right leg during the first period.

‘He’s got an ACL and he’ll be out for months,’ Stars coach Glen Gulutzan told reporters on Wednesday, Dec. 3. ‘We didn’t get great news today. I haven’t spoken to Tyler yet, but letting everybody know that he’s going to be out for a significant amount of time, probably the rest of the season.’

Tyler Seguin injury update

Seguin is expected to miss the rest of the season with the injury. It’s his second consecutive season with a major injury. Last season, he was limited to 20 games in the regular season after hip surgery, though he was able to return in the season finale and the playoffs.

He had played all 27 games this season before his knee injury, recording seven goals and 17 points.

Seguin has a history of injuries, including being cut by a skate on two separate occasions.

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This post appeared first on USA TODAY

While most of you were sleeping, the Los Angeles Clippers sent one of the game’s future Hall of Famers home.

On Wednesday, Dec. 3, at nearly 3 a.m. ET, the Clippers announced that point guard Chris Paul would not be part of the team moving forward, in a fairly stunning move that has tacked onto Los Angeles’ struggles this season.

The Clippers have started 5-16, which currently ranks them second-to-last in the Western Conference. They have lost five consecutive games and are in the middle of a road trip on the East Coast; the team was in Atlanta Wednesday when the news dropped.

Here’s everything you need to know about the Chris Paul situation with the Los Angeles Clippers:

Why did the Clippers send Chris Paul home?

This is, in simplest terms, a wildly unconventional move.

Though he may have had his detractors across the league, Paul is widely seen as a player with solid stature among the league, a veteran leader with ample experience and tenacity and a probable first-ballot Hall of Famer, once eligible.

Paul also served as president of the National Basketball Players Association, overseeing the negotiation of a collective bargaining agreement, in a mostly successful eight-season term from 2013-21.

For a team to unceremoniously send him home in the middle of a road trip may suggest that there was some internal disagreement. To that point, ESPN reported that Paul’s leadership style clashed with Clippers management, specifically coach Tyronn Lue. Per ESPN, Lue and Paul were not on speaking terms for several weeks, and Paul was reportedly vocal in holding management, coaches and players accountable. According to ESPN, the team found this to be disruptive.

This is not just any team making this decision; Paul is arguably the best Clipper in franchise history, leading the team in assists (4,076) and analytics metrics such as plus/minus (8.3) and value over replacement (36.6).

The Clippers were in Atlanta, preparing for their game later that night against the Hawks, when news of the move broke. Assuming Paul did not ask for this, the decision borders on being disrespectful, though it’s unclear though it’s unclear how much his leadership style may have chafed against L.A.’s vision.

Granted, the Clippers have to reassess the direction their franchise will take for the remainder of the season. They entered as the oldest team in the league and held expectations to compete for a championship behind Kawhi Leonard and James Harden.

It has fallen apart, and Paul, 40, has looked every bit his age, averaging career lows across most major statistics.

For the Clippers to execute the move, they will have three options.

They can waive him, which would force them to pay his one-year salary of $3.6 million, per Spotrac.com. They could also offer a buyout, to which Paul would need to agree, or they could trade him after Monday, Dec. 15.

A trade, however, might be difficult to execute, given what should be a depressed market for Paul after his slow start to the season.

Chris Paul landing spots

It’s tough to project exactly where Paul might end up, or even if he’s actively seeking to play somewhere else. Paul had announced Saturday, Nov. 22 that this would be his final season in the NBA. Presumably, Paul, who has never won an NBA Finals, would want to join a contender.

His family is also closely tied to the Los Angeles area, so the Lakers could be an option. Paul and LeBron James are close, and the Lakers might be looking to add depth at point guard. The Lakers, however, have subtly shifted away from the influence and sway James holds with the team, indicating they would be building around Luka Dončić.

The Rockets, a team Paul played for from 2017-19, are looking for a point guard after Fred VanVleet tore his anterior cruciate ligament prior to the start of the season. The Celtics are also in need of a veteran point guard.

Retirement, however, might be the most likely scenario.

What has Chris Paul said about the Clippers matter?

In a message that posted early Wednesday, Dec. 3 to his Instagram account, Paul wrote: “Just Found Out I’m Being Sent Home,” adding a peace sign emoji.

What have the Clippers said about the Chris Paul matter?

In a statement issued early Wednesday morning, Clippers president Lawrence Frank announced the move, saying the team was not blaming Paul for its record.

‘We are parting ways with Chris and he will no longer be with the team,’ Frank said. ‘We will work with him on the next step of his career. Chris is a legendary Clipper who has had a historic career. I want to make one thing very clear. No one is blaming Chris for our underperformance. I accept responsibility for the record we have right now. There are a lot of reasons why we’ve struggled. We’re grateful for the impact Chris has made on the franchise.”

Chris Paul stats

In his 21st season, Paul is averaging career lows in most major statistics, including points (2.9 per game), assists (3.3), rebounds (1.8), steals (0.7), field goal percentage (32.1%) and minutes (14.3).

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Bill Belichick and Robert Kraft are one step away from a grand reunion in Canton.

Go ahead, Tom Brady. Put it on your calendar.

Nearly two years since their infamous split with the New England Patriots, the franchise’s owner and most accomplished head coach have advanced as finalists for the Pro Football Hall of Fame’s Class of 2026.

Kraft – who purchased the Patriots in 1994 and is one of the NFL’s most influential powerbrokers – has again advanced in the Contributors category.

Belichick – who guided the Patriots to six Super Bowl crowns and just completed his first season as the North Carolina Tar Heels coach – has advanced in his first year of eligibility in the Coach category.

Three former players – Ken Anderson, Roger Craig and L.C. Greenwood – have also advanced as finalists in the Seniors category.

Anderson, the former Cincinnati Bengals quarterback, was a four-time Pro Bowl selection and the NFL’s Most Valuable Player in 1981, when he led the way to the franchise’s first Super Bowl appearance.

Craig, the former running back who won three Super Bowl rings with the San Francisco 49ers, in 1985 became the first player in NFL history to total 1,000 yards rushing and 1,000 yards receiving in the same season. In the 40 years since, just two others – Marshall Faulk and Christian McCaffrey – have achieved that feat.

Greenwood, a six-time Pro Bowl defensive end, was a key member of the Pittsburgh Steelers’ “Steel Curtain” defense who won four Super Bowl rings with the team during the 1970s.

The five finalists for these categories were chosen by three Hall of Fame subcommittees. They will be considered with 15 modern-era player finalists by the Hall’s full selection committee during its annual selection meeting before Super Bowl 60.

According to the Hall’s bylaws, the 50-member selection committee will vote for three of the five finalists from the Coach, Contributor and Seniors categories, separate from the modern-era players. No more than 3 of 5 finalists from these categories will be chosen for the Class of 2026, which requires approval from 80% of the selection committee.

Balloting to reduce a pool of 26 modern-era player semifinalists is currently underway, with the 15 finalists to be revealed later this month.

The entire Class of 2026 will be unveiled during the NFL Honors show on Feb. 5 and enshrined during ceremonies in early August at the Pro Football Hall of Fame in Canton.

Contact Jarrett Bell at jbell@usatoday.com or follow on X: @JarrettBell

This post appeared first on USA TODAY

On Tuesday, Dec. 2, Vanderbilt saw its College Football Playoff hopes take a hit when the Commodores were revealed as the No. 14 team in the latest batch of rankings from the playoff selection committee, failing to move up despite being three days removed from a 21-point road beatdown of in-state rival Tennessee.

Faced with an increasingly difficult predicament, Diego Pavia knew just where to turn for help — the leader of the free world.

The star Vanderbilt quarterback, one of a handful of front-runners for the Heisman Trophy, reached out to President Donald Trump on social media shortly after midnight on Wednesday, Dec. 3 to try to get the playoff expanded from 12 to 16 teams.

“MAKE THE EXECUTIVE ORDER PLEASE,” Pavia wrote while tagging Trump in a post on X, the social media platform formerly known as Twitter.

The post that Pavia was referencing suggested a 16-team model in which the SEC and Big Ten would receive four guaranteed berths while the ACC and Big 12 would each get two, with the four remaining spots going to at-large teams decided by a computer ranking system.

The Commodores’ 45-24 victory against Tennessee improved them to 10-2, the most wins in a season in program history. They’re part of a crowded playoff picture, though, one that has them on the outside looking in, with little room for advancement.

Of the nine teams directly ahead of Vanderbilt in the playoff rankings, seven of them have completed their regular seasons and won’t be competing in a conference championship game, meaning there’s little, if any, chance that the Commodores could move ahead of them.

Pavia’s belief that Trump might issue an executive order for something as relatively trivial as a college football tournament isn’t necessarily the worst idea. Since taking office in January, Trump has signed 217 executive orders, significantly more than the 77 his predecessor, Joe Biden, did in his first year in office in 2021 and even more than the 55 Trump did in the first year of his first term in 2017.

If his plea goes unanswered, Pavia could always sign up for a Truth Social account and try there.

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Mike Tomlin has been the Pittsburgh Steelers’ coach since taking over for Bill Cowher in 2007. Former Steelers quarterback Ben Roethlisberger is among those wondering whether both Tomlin and the team might benefit from a split.

Roethlisberger – who spent 15 of his 18 NFL seasons playing for Tomlin – spoke about the possibility of the Steelers making changes in an episode of his ‘Footbahlin with Ben Roethlisberger’ podcast.

‘Maybe it’s a clean-house time. Maybe it’s time,’ Roethlisberger said in the Dec. 2 episode. ‘I like Coach Tomlin. I have a lot of respect for Coach Tomlin, but maybe it’s best for him, too.’

Roethlisberger went onto outline that his opinion stems from his frustrations watching the Steelers over the last few seasons. He noted the offense has struggled to perform consistently under several different coordinators while Pittsburgh’s defense – which is the highest-paid in the NFL – has also been up-and-down in 2025.

Roethlisberger also floated an idea of what could be next for Tomlin if the 53-year-old coach does leave Pittsburgh.

‘Maybe a fresh start for him is what’s best,’ Roethlisberger said. ‘Whether that’s in the pros, maybe go be Penn State’s head coach. You know what he would do in Penn State? He would probably go win national championships, because he’s a great recruiter.’

Roethlisberger’s suggestion comes as Penn State has struggled to land a replacement for James Franklin, who was fired after 12 seasons following a 3-3 start to the 2025 campaign. The Nittany Lions have targeted several top names, including a recent failed pursuit of BYU coach Kalani Sitake, but have not yet landed a new coach.

It isn’t clear whether such an option would appeal to Tomlin should he and the Steelers part ways. The 53-year-old has not coached at the collegiately level since the 2000 season, during which he was a defensive backs coach at Cincinnati under Rick Minter.

And Roethlisberger also made it clear any split between Tomlin and the Steelers would have to come mutually.

‘Here’s what you don’t do: you don’t fire a guy like Coach Tomlin,’ Roethlisberger said. ‘He’s a Hall of Fame coach, he’s respected. What you do is you come to an understanding and agreement, and it’s like, ‘Hey, listen, I think it’s probably best for both of us.”

‘You go, ‘Hey Coach, listen, it’s probably best for all parties involved, let’s start over,” he later added. ‘It happened with Chuck Noll, it happened with Coach Cowher.’

Tomlin has posted a 189-113-2 record to date across his 19 seasons with the Steelers. He is just the third coach the team has had since 1969, has never had a losing season and helped the team to win Super Bowl 43.

However, the Steelers haven’t won a playoff game since the 2016 NFL playoffs (contested in January of 2017). That’s why many, including Roethlisberger, believe a fresh perspective could benefit the Steelers.

‘Coach Tomlin’s been here a long time,’ he added. ‘You’d give him a statue, do whatever you’ve got to do, because he deserves it, he’s earned it. But it’s time to find that next guy. Who’s that next guy that could be here for the next 20 years?’

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Sportico dropped its list of the top earning women’s athletes and, again, tennis players dominated. Ten of the top 15 earners in 2025 came from the sport, with Coco Gauff leading the way.

The American tennis phenom totaled $31 million, $23 million of which came from endorsements. Eileen Gu, who has competed for China in the halfpipe, slopestyle and big air events since 2019, is the first non-tennis entry on the list. She has made nearly all of the her money — $23 million — off endorsements.

Two golfers, one gymnast and one basketball player make up the rest of the list.

Here’s the top 15, according to Sportico:

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The arc of Tyler Skaggs’ dependence on painkillers and the clubhouse culture of exchanging them came under scrutiny during Dec. 2 testimony in the wrongful death trial filed by the late pitcher’s family against the Los Angeles Angels.

Skaggs’ widow, Carli, took the stand for a second time – this time under questioning from the Angels – as did Skaggs’ former primary care physician as the ballclub aimed to shift the onus for Skaggs’ 2019 death on the pitcher rather than former communications director Eric Kay, who is serving a 22-year sentence for providing a fentanyl-laced pill that resulted in Skaggs’ death.

In testimony reported by The Athletic, Carli Skaggs said it was ‘sad (the players) felt like this was what they needed to do,’ amid a culture where returning from injury and playing through pain was paramount. Attorneys for the Angels displayed a text message exchange between Skaggs and former Angels pitcher Matt Shoemaker in which Skaggs asked the right-hander for a pain pill ‘so I can take it during the game haha,’ and Shoemaker replied in the affirmative.

‘Tyler was the ringleader,’ Angels attorney Todd Theodora said, per The Athletic, outside the presence of the jury. ‘Tyler has his fingerprints over everything. Their claim is that Tyler is as pure as the driven snow.’

Yet the plaintiffs gained a key victory when the judge ruled they could use deposition testimony between Kay and a Texas police detective in which the Angels employee claimed his direct supervisor had knowledge that Kay’s relationship with Skaggs involved drug use or distribution.

Skaggs’ former physician also testified that Skaggs successfully kicked a Percocet habit in 2013 ‘cold turkey,’ as he’d claimed. A year later, Skaggs underwent Tommy John elbow surgery.

The judge had ruled the Angels hadn’t proven Skaggs’ drug dependency was continuous since 2013, eliminating a trove of text messages the ballclub hoped to use in evidence.

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