The Week (US)

The bottom line

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■ The S&P 500 had its best first quarter since 2019, gaining 10.2 percent in the first three months of the year. The Dow advanced 5.6 percent for its strongest first-quarter performanc­e since 2021. The Nasdaq ended the quarter with a 9.1 percent pop. CNBC.com ■ Exchange-traded funds tracking the S&P 500 added a record $137 billion in assets last year. Overall, the U.S. stock market now accounts for 60.5 percent of global stock market capitaliza­tion. Financial Times ■ French luxury tycoon Bernard Arnault topped Forbes’ 2024 billionair­es list with a fortune of $233 billion, pushing Elon Musk to the No. 2 spot, with $195 billion. Facebook founder Mark Zuckerberg rose to No. 4, with $177 billion, a gain of $113 billion since last year. And Taylor Swift enters the list for the first time, with $1.1 billion. Forbes ■ Dollar stores composed more than a quarter of the U.S.’s total store openings in 2022 and last year, according to Coresight Research. Dollar General operates 20,000 stores in the U.S., up from 5,000 in 2001. Walmart, by contrast, has just over 4,600 locations. The Wall Street Journal ■ Twenty percent of adults say that they have used ChatGPT for work, up from 8 percent a year ago. Another 17 percent of respondent­s say they have used it for entertainm­ent, and an identical number say they’ve tried it to learn something new. Wired ■ Texas, which is expected to get the biggest influx of eclipse visitors, could pocket $428 million in eclipse-related tourism and spending, according to Ray Perryman, an economist in Waco. Johnson County, Ind., is forecastin­g as much as $25 million in extra revenue, while Rochester, N.Y., expects about $10 million. The Washington Post

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