Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Media Stocks, Markets Fall After Fitch Downgrades U.S. Credit Rating
deadline.comYesterday, one ratings agency affirmed Disney’s credit rating — today another has downgraded the long-term credit rating of the entire United States, sinking media stocks and broader markets.
In a rare move. and a bit of a black eye for the U.S., Fitch lowered its rating on government debt from AAA to AA+, citing fiscal and political uncertainty.
Heading into the close, the DJIA shed 340 points, or nearly 1%. The Nasdaq is down by 2.2%, the S&P 5oo by 1.39% and the Russell 2000 by 1.3%.
Nasdaq-listed tech stocks are uniformly in the red with Meta, Amazon, Alphabet and Apple off, respectively, by 3%, 2.79%,2.5% and 1.7%.
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