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The combined wealth of the richest people in the US has grown to $44.6 trillion, according to the Federal Reserve The wealthiest Americans got even richer last year and now possess $44.6 trillion in combined assets, thanks to the skyrocketing stock market, CNBC reported on Thursday, citing new data from the Federal Reserve.

Beijing has in turn complained about “discriminatory” subsidies approved by Washington Chinese companies are producing too many batteries, solar panels, and electric cars, harming American workers, US Treasury Secretary Janet Yellen has claimed. She intends to bring up the issue on her trip to Beijing next month.