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Elon Musk's net worth has reached an astonishing $439.2 billion, significantly surpassing the combined market capitalizations of major cryptocurrencies such as Tether, Solana, and XRP. This stark contrast highlights Musk's immense financial influence in comparison to leading crypto projects.
Peanut the Squirrel (PNUT), a Solana-based meme coin, surged by 25% to nearly $1.40 before stabilizing at $1.27, following its addition to Coinbase's "roadmap" and a revival in the meme coin market, which saw an 8% increase in market capitalization.Launched in November, PNUT gained traction after a controversial incident involving a pet squirrel, leading to significant profits for early investors during its bull run. Major exchanges like Binance and Bybit have already listed PNUT, contributing to its growing popularity.
President-elect Donald Trump rang the opening bell at the New York Stock Exchange after being named Time's 2024 Person of the Year, marking his second time receiving the honor. In his remarks, he highlighted his administration's plans, including expedited permits for major projects and a commitment to mass deportations. Trump also expressed skepticism about trusting others, including Israeli Prime Minister Netanyahu, while emphasizing his approach to reshaping American politics.
Donald Trump, recently named Time's 2024 Person of the Year, is set to ring the opening bell at the New York Stock Exchange, marking a significant comeback after his conviction as the first former president for a crime. In an interview, he discussed his election campaign, plans for pardons related to the Capitol riot, and intentions for mass deportations, asserting he will operate within legal limits. Trump's influence on American politics continues to reshape the landscape as he prepares to take office again.
Dogecoin is poised for a potential surge to $4 if it maintains critical support above $0.35, according to a TradingView analyst. The ongoing support from Tesla CEO Elon Musk is seen as a key catalyst for this bullish trend, with the analyst noting that Dogecoin's market patterns suggest a repeat of past price rallies. While expressing skepticism about most altcoins, the analyst believes Dogecoin's community and Musk's backing position it as a strong contender in the cryptocurrency market.
Asian shares mostly rose, following a Wall Street rally, as U.S. inflation data suggested potential Federal Reserve support for the economy. The Hang Seng surged 1.4%, while the Nikkei 225 gained 1.2%. In the U.S., the S&P 500 climbed 0.8%, driven by tech stocks, despite a slight dip in the Dow.
Asian shares rose as Wall Street's rally continued, buoyed by an inflation update that suggests potential Federal Reserve support for the economy. The Hang Seng surged 1.7%, while Tokyo's Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, with Tesla jumping 5.9% and Stitch Fix soaring 44.3% after better-than-expected earnings.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to further Federal Reserve support for the economy. The Hang Seng surged 1.7%, while the Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as inflation ticked up slightly to 2.7% in November.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to Federal Reserve support for the economy. The Hang Seng surged 1.7%, while Tokyo's Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as expectations for interest rate cuts fueled market optimism.
The stock market rally continues, with the Nasdaq surpassing 20,000 for the first time, driven by megacap stocks like Tesla, Google, and Amazon reaching new highs. Despite a slight dip in Dow and S&P futures, bullish sentiment remains strong, though caution is advised as the Nasdaq is extended above its 50-day moving average. Investors are encouraged to refine watchlists and prepare for potential market adjustments.
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