Three Wild Months on Wall Street: Stocks Hit Record Highs, Dollar Stumbles to Historic Lows
- US President Donald Trump announced he has found potential buyers for TikTok, demanding that China-based ByteDance sell its US assets.
- The Senate passed a critical 940-page bill that extends Trump's tax cuts, with an analysis projecting a revenue loss of $4.5 trillion over the next decade.
- Wall Street's S&P 500 reached a new record high of 6,173 points, rebounding 24% since April and marking the fastest recovery in Wall Street history.
- Elon Musk criticized the Senate bill on social media, calling it 'utterly insane and destructive,' arguing it could 'condemn the US to debt slavery.
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16 Articles
16 Articles
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Left
3
Center
5
Right
1
The US stock market recorded its best week since mid-May, after geopolitical risks subsided and China and the US took a step closer to reaching a final trade agreement.
·Belgrade, Serbia
Read Full ArticleWall Street rallies to new record as fears recede
US investors continue their rush back to risk, driving Wall Street to a new record high, but the ASX is not tipped to follow. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
·Australia
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Total News Sources16
Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 33%
C 56%
11%
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