BUSINESSBATON ROUGE BUSINESS REPORT
Roundup: Apartments lead recovery / Import prices jump / Most valuable company
U.S. housing starts rebounded due to increased multifamily construction, while single-family homebuilding remained weak. U.S. import prices rose in June, driven by higher costs from China and other partners. Apple became the world's most valuable company with a $4.88 trillion market capitalization, surpassing Nvidia.
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Adjacent reporting
- Apple dethrones Nvidia as world's most valuable company, ending the chipmaker's long run at the top
- Apple races past Nvidia to reclaim crown as world’s most valuable company
- Apple reclaims crown as world’s most valuable company from Nvidia
- China’s first-tier home prices extend 4-month rebound amid market stabilisation
- China’s first-tier home prices extend 4-month rebound amid market stabilisation