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[Bloomberg](https://www.bloomberg.com) or [SEC]
Elon Musk expressed optimism about potential increases in Social Security benefits as the Department of Government Efficiency (DOGE) investigates the Social Security Administration (SSA) for fraud and waste. While benefits currently adjust annually for inflation, Musk believes eliminating inefficiencies could enhance payments and healthcare for recipients. However, his approach has faced criticism from lawmakers and advocacy groups, raising concerns about the integrity of the SSA and the sensitive data it holds.
The new U.S. government, under Donald Trump, is facing challenges as it implements drastic changes, including job cuts and halted spending programs. Economic indicators are beginning to reflect these shifts, raising concerns about potential job losses and market reactions. Investors are advised to reassess their portfolios, favoring conservative stocks while remaining cautious of volatility in the markets.
UBS has upgraded Rheinmetall shares from "Neutral" to "Buy," raising the price target to EUR 1,208, citing the company's potential benefits from increased German defense spending and upcoming NATO discussions. Analyst Sven Weier highlights the strong support for Ukraine from future German Chancellor Friedrich Merz, suggesting a favorable outlook for Rheinmetall amid ongoing geopolitical tensions. Despite the stock's recent gains, the upward trend appears set to continue.
Nissan shares surged by 11% following reports of the company's plan to seek investment from Tesla. This move signals a potential collaboration between the two automotive giants, reflecting Nissan's strategic efforts to enhance its market position.
Global equity markets have started the week positively, with the Euro STOXX 600 reaching a record high, driven by the defense sector. Despite ongoing geopolitical tensions and economic uncertainties, UBS GWM maintains a favorable outlook, particularly for U.S. and Asian equities, citing robust earnings growth and opportunities in the Chinese tech sector. Investors are advised to focus on small- and mid-cap stocks in Europe and consider exposure to artificial intelligence, while preparing for potential volatility.
Elon Musk has called for a gold audit at Fort Knox, the U.S. military base known for holding over 147 million ounces of gold, amid long-standing conspiracy theories about missing reserves. His comments, supported by Sen. Rand Paul, highlight the absence of audits since 1974, raising public concerns about the gold's status. Access to Fort Knox is highly restricted, and while there is no evidence of missing gold, the last tour occurred in 2017.
Elon Musk's role as a senior adviser in the Trump administration has raised concerns, particularly regarding his influence on the Department of Government Efficiency (DOGE), which has led to significant federal employee cuts. A court filing clarified that Musk has no formal authority to make government decisions, and multiple lawsuits allege he is exceeding his power. Despite this, President Trump has praised Musk's contributions, while legal challenges continue to question the constitutionality of his actions.
Elon Musk believes AI could be instrumental in achieving a perfect March Madness bracket, potentially winning Warren Buffett's challenge. During the launch of his xAI model, Grok-3, Musk highlighted its research capabilities, suggesting that a $40 subscription could lead to a billion-dollar prize, despite the odds being 9.2 quintillion to one. However, only Berkshire employees are eligible for the grand prize, which has never been claimed since the contest began.
Dell's servers and networking revenue surged 58% to $7.4 billion, with expectations to ship $14 billion in AI servers this fiscal year. Meanwhile, Meta is venturing into robotics, aiming to develop humanoid robots for household tasks, while Tesla faces delays in its self-driving technology approval in China. Huawei is launching its first trifold phone globally, priced at over $3,600, as it seeks to regain market share amid ongoing US sanctions.
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Elon Musk optimistic about potential Social Security benefit increases amid investigations
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us economy faces uncertainty as new government implements drastic changes
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01:09 19.02.2025
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18:06 18.02.2025
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