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As AI continues to reshape industries, the potential of AI tokens is under scrutiny as 2025 approaches. While some experts see promise in early adopters like the AI-based meme coin GOAT, others caution that rapid advancements may commoditize tech-reliant cryptocurrencies. Bitcoin's recent momentum and potential pro-crypto policies under the upcoming administration could further influence the market, but investors are advised to adopt disciplined strategies amid volatility.
Elon Musk's initiative to reduce the federal workforce, part of Donald Trump's "department of government efficiency," could disrupt the labor market, as economists warn that cutting jobs from the 3 million civilian employees may hinder job creation. Musk and co-head Vivek Ramaswamy aim for $500 billion in savings through mass layoffs, raising concerns about the impact on job seekers and potential increases in contractor costs. Meanwhile, Trump has nominated Paul Atkins to lead the SEC, signaling a crackdown on Big Tech, as he reshapes his administration with loyalists and financial experts.
Norway's EV market is evolving with new entrants like the BYD Sealion and Kia EV3, expected to gain traction in the coming months. The affordable Dongfeng Nammi Box, priced at 199,900 NOK, could disrupt the economy segment by undercutting traditional ICE models. As the market adapts, the focus remains on providing budget-friendly BEV options to replace remaining plugless vehicles.
The wealth of the world's billionaires has surged by over 120% in the past decade, significantly outpacing the 73% rise in global stock markets, largely due to the dominance of tech entrepreneurs. The number of billionaires increased from 1,757 in 2015 to 2,682 in 2024, with tech billionaires seeing their wealth triple to $2.4 trillion. Despite a recent underperformance in real estate, many billionaires plan to increase investments in this sector and precious metals as safe havens amid global uncertainties.
11:35 05.12.2024
Elon Musk is set to meet with lawmakers in Congress to promote his initiative aimed at cutting at least $2 trillion from the federal budget, a move not seen since post-World War II. Partnering with Vivek Ramaswamy, Musk will engage with Republican House members, led by Marjorie Taylor Greene, who will head a new subcommittee focused on this effort.
The global wealth of billionaires surged by 17% over the past year, reaching $14 trillion, driven primarily by gains in the U.S., where the number of billionaires rose from 751 to 835. In contrast, China's billionaire count dropped from 520 to 427, with total wealth declining from $1.8 trillion to $1.4 trillion. Most new billionaires are self-made, expressing concerns over geopolitical risks and inflation, while North America is seen as the top region for investment returns in the coming year.
09:55 05.12.2024
Jeff Bezos expressed confidence in Blue Origin's future, downplaying concerns about Elon Musk's influence on the Trump administration potentially favoring SpaceX. He highlighted the imminent launch of the New Glenn rocket, awaiting final regulatory approval, and shared his belief that Blue Origin could surpass Amazon in size and success over time.
Bitcoin has surged past the $100,000 mark for the first time, climbing over 50% since Donald Trump's election victory. The recent rise was fueled by the nomination of Paul Atkins as SEC head, a known crypto advocate, alongside other crypto-friendly appointments. With Trump aiming to position the U.S. as the "Bitcoin superpower," the market is experiencing unprecedented enthusiasm, reflected in the nearly 150% increase in Dogecoin since election day.
Jeff Bezos envisions Blue Origin, his space venture, surpassing Amazon's $2.3 trillion valuation, though he admits it is currently not a strong business. At The New York Times’ DealBook Summit, he acknowledged the company's challenges compared to SpaceX but remains optimistic about its future, particularly with the upcoming New Glenn rocket launch.
Vivek Ramaswamy criticized the Biden administration's recent spending initiatives, including a $6.6 billion loan to Rivian Automotive, labeling them as a "last minute spending spree" that warrants scrutiny. He expressed concerns over potential fiduciary breaches and emphasized the need for review of eleventh-hour spending decisions, particularly those made through executive power. Ramaswamy, who will co-lead a new agency with Elon Musk, indicated that the agency, DOGE, will focus on targeting government waste and fraud within its limited timeframe.
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