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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 News: Weekly Recap



The stock market ended the week on a positive note, as major indexes edged higher on Friday. The S&P 500 gained 0.2%, the Dow Jones Industrial Average rose 0.1%, and the Nasdaq Composite added 0.3%. The gains came after a week of solid earnings reports and economic data, which boosted investor confidence and optimism.

Some of the highlights of the week included:

- The third-quarter GDP report showed that the U.S. economy grew at an annualized rate of 6.2%, slightly below expectations but still robust.

- The Federal Reserve announced that it will start tapering its monthly bond purchases by $15 billion in November, signaling its confidence in the economic recovery and inflation outlook.

- The October jobs report showed that the U.S. economy added 531,000 jobs, beating expectations and marking the strongest monthly gain since July. The unemployment rate fell to 4.6%, the lowest level since March 2020.

- Several major companies reported strong earnings results, such as Apple, Amazon, Facebook, Google, Microsoft, Starbucks, and Tesla.

The stock market has been resilient in the face of various challenges, such as supply chain disruptions, labor shortages, rising inflation, and the spread of the delta variant. The S&P 500 is up about 24% year to date, and is on track for its sixth consecutive month of gains.

Looking ahead, investors will be watching for more earnings reports, as well as data on consumer confidence, inflation, retail sales, and industrial production. The market will also be paying attention to any developments on the infrastructure and social spending bills in Congress, as well as the global climate summit in Glasgow.

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