<div id="readability-page-1"><div><div>As the week comes to a close, let’s take a look at the top stories that shaped the week.<h2>Trump Wants Fannie Mae, Freddie Mac Shares To Rise</h2>President Donald Trump’s administration is working to boost the shares of Federal National Mortgage Association FNMA and Federal Home Loan Mortgage Corp. FMCC before a potentially historic IPO. This move could significantly impact the housing finance industry. Bill Ackman, a billionaire investor and long-time advocate for these companies, revealed the administration’s intentions.Read the full article here.<h2>History Warns: S&amp;P 500 Often Slips After Fed Rate Cuts</h2>The Federal Reserve‘s anticipated 25 basis point rate cut might not have the expected impact on the stock market. Historical data from the past 25 years suggests that the S&amp;P 500 often struggles after a rate cut. The median return in the 30 trading sessions following a rate reduction was -0.31%, with the average return being -1.20%.Read the full article here.<h2>Nvidia Leads $23.9 Trillion Empire</h2>The combined market cap of the top 10 most valuable U.S. companies, including Nvidia Corp. NVDA, Microsoft Corp. MSFT, and Apple Inc. AAPL, has reached $23.9 trillion. This figure surpasses the total economies of China and Germany, the second and third-largest economies globally, as per the latest International Monetary Fund data.Read the full article here.<h2>Pope Leo Slams Elon Musk’s Trillion-Dollar Pay Package</h2>In his first media interview, Pope Leo XIV criticized the excessive compensation packages of corporate executives, particularly singling out Elon Musk‘s $1 trillion pay plan. The Pope expressed concerns about the growing income gap between the working class and the wealthy, highlighting Musk’s recent $1 trillion compensation plan for Tesla TSLA as an example of this disparity.Read the full article here.<h2>Tech Stocks Soar As Fed Cuts Rates</h2>Following the Federal Reserve‘s 25-basis-point rate cut and Fed Chair Jerome Powell‘s indication of further easing, tech stocks rallied. The Nasdaq 100, tracked by the Invesco QQQ Trust QQQ, rebounded from earlier losses and turned positive. This marks the Fed’s fourth rate reduction in the current easing cycle and its first move after a nine-month pause.Read the full article here.<ul> <li>Billionaire Ray Dalio Warns Trump: America’s $37.5 Trillion Debt Poses ‘Crisis’ Risk</li> </ul>Photo courtesy: Sittipong Phokawattana from ShutterstockDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</div></div></div>

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This week, key economic stories include President Trump's efforts to boost shares of Fannie Mae and Freddie Mac ahead of a potential IPO, and historical data indicating the S&P 500 often declines after Fed rate cuts. The top 10 U.S. companies, led by Nvidia, now have a combined market cap of $23.9 trillion. Pope Leo XIV criticized excessive executive pay, particularly Elon Musk's $1 trillion package. Following a Fed rate cut, tech stocks surged, marking the fourth reduction in the current easing cycle. Billionaire Ray Dalio warned of risks from America's $37.5 trillion debt.

- President Trump's administration aims to boost shares of Fannie Mae and Freddie Mac ahead of a potential IPO, which could significantly affect the housing finance sector.  
- Historical data indicates that the S&P 500 typically struggles after Federal Reserve rate cuts, with median returns showing a decline in the following 30 trading sessions.  
- The combined market cap of the top 10 U.S. companies has reached $23.9 trillion, surpassing the economies of China and Germany, while tech stocks rallied following the Fed's recent rate cut.  

Trump's Plan To Boost Fannie Mae, Freddie Mac Shares, S&P 500's Historical Performance After Fed Rate Cuts And More: This Week In Economy