The Dow Jones Industrial Average broke above the 50,000 level for the first time, as investors bid up the blue-chip gauge amid optimism over the US economy and corporate earnings.

The government didn’t pay for it — and it’s not planning to sell.

Treasury Secretary Scott Bessent rebutted the idea that he and Donald Trump have presented different takes on the dollar, after the president had embraced the currency’s recent drop while Bessent had touted a “strong dollar policy.”

A firm headed by veterans of the US military and intelligence services has agreed to buy Chemaf SA, a troubled Congolese copper and cobalt producer that’s become a focal point in Washington’s efforts to shore up critical mineral supplies.

JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. boosted their bonus pools for bankers and traders by at least 10%, as the businesses benefited from a banner year in dealmaking and market activity.

Federal Reserve Bank of Atlanta President Raphael Bostic said he believes the US central bank still has the trust of financial markets and the public despite a barrage of political attacks, but said it will be on policymakers to maintain that respect.