Topline The White House fired all members of the Commission of Fine Arts on Tuesday, according to The Washington Post, making the cuts as the commissioners were expected to review construction plans for controversial Trump-backed projects like the massive proposed White House ballroom. Key Facts All six members of the commission were fired Tuesday, the
Posts published in “Business”
Topline Nvidia on Wednesday became the first company in history to be valued at $5 trillion, the latest milestone by the artificial intelligence giant as shares have grown exponentially over the last decade. Key Facts Nvidia’s shares increased by 3.4% to around $207.85 as trading opened Wednesday, following an earlier surge in premarket, setting a
Topline Elon Musk’s net worth eclipsed $500 billion again Tuesday as Tesla’s shares have risen in recent days, as the automaker appeared to benefit from warming trade negotiations between the U.S. and China, which accounts for more than one-fifth of Tesla’s sales. Key Facts Shares of Tesla rose 2.2% to around $462.50 as of Tuesday
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Dollar mixed ahead of Fed rate decision
Bank of Canada cuts benchmark rate to 2.25%
Wall Street scales record highs as Nvidia hits $5 trillion valuation
US pending home sales unexpectedly flat in September despite lower mortgage rates
What does the data show? The S&P Cotality Case-Shiller Index rose 1.5% annually in August, although at a slower pace as affordability constraints weigh on buyers. This month’s release reflects closings from June through August, a stretch of the summer market marked by steady mortgage rates in the mid-to-high 6% range and modest improvements in