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elon musk proposes mandatory return to office for federal employees
Elon Musk plans to end remote work for millions of federal employees as head of the Department of Government Efficiency, advocating for a mandatory return to the office five days a week. He argues this will reduce government size and costs, suggesting that taxpayers shouldn't fund remote work privileges. This approach mirrors trends in corporate America, where companies like Amazon have faced employee exodus after similar mandates, while some leaders advocate for hybrid work models to balance productivity and flexibility.
PayPal shares surge towards 100 driven by strong fundamentals and innovation
PayPal shares have surged over 50% since late July, driven by new CEO Alex Chriss's focus on profitable growth and innovation, including the launch of Fastlane. With a forward P/E of 17.51 and projected free cash flow growth of 20% by 2026, analysts anticipate further gains, potentially reaching $100 in the short term. The stock's recent breakout from a two-year bear market indicates strong buying pressure, with key support at $77.
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