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A Pricey Path to Residency: Trump Administration Unveils $1M Gold Card Visa

  The Trump administration has announced the launch of a new immigration initiative dubbed the Gold Card Visa , a program that grants residency to foreign nationals willing to invest $1 million. Marketed as a fast-track entry into the United States, the visa is designed to attract wealthy investors and entrepreneurs seeking long-term opportunities in the country. Officials describe the program as a way to boost economic growth by channeling foreign capital into American businesses and infrastructure. Critics, however, argue that the policy favors the ultra-rich while sidelining skilled workers and families who lack the financial means to participate. The Gold Card Visa is expected to generate debate over the balance between economic incentives and equitable access to immigration. Supporters see it as a pragmatic move to secure investment, while opponents warn it could deepen inequality in the immigration system.
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Stock Market Today: Indexes Slip As Traders Await Nvidia Earnings

 


US stocks slid lower on Wednesday as traders looked ahead to Nvidia’s highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. Here are the key points:

  1. Market Performance:
    • All three benchmark indexes traded lower.
    • Bond yields ticked higher, with the 10-year Treasury yield rising three basis points to 4.451%.
  1. Nvidia Earnings:
    • Investors eagerly awaited Nvidia’s earnings report.
    • The company reported adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, representing a significant jump of 461% and 261%, respectively, from a year ago.
    • Analysts had expected adjusted EPS of $5.65 on revenue of $24.69 billion.
    • Nvidia also announced plans for a ten-for-one stock split, set to take effect on June 7.
  1. Federal Reserve Minutes:
    • Markets reacted to the minutes from the Federal Reserve’s May meeting.
    • The minutes revealed that “various” Fed officials mentioned a “willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.”

In summary, the stock market faced two significant tests today: Nvidia’s pivotal earnings report and the Fed’s cautious stance on inflation risks. Investors closely monitored these developments, leading to a slight decline in major indexes.


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