The White House clarified that Mr. Musk did not work for the newly created Department of Government Effectiveness, although the name was seen as almost synonymous with it. Joshua Fisher, director of the White House Executive Office, said Mr. Musk was a senior adviser to the president and had no higher authority than other senior White House staff. Mr. Fisher said late Monday that Mr. Musk's role was separate from the Department of Government Effectiveness, which he supports.
In the eyes of world-class investment gurus, the candidate to succeed Powell was the first to say what Trump wanted to hear... Click to view...
Powell appears to have allayed concerns about his shift to rate hikes, but it doesn't sound like he's looking for the next opportunity to cut rates either.
Eric Trump, Trump's second son, said in a social media post, "In my opinion, now is the best time to invest in America. Betting on our markets, energy, technology and cryptocurrencies - betting on a country that has been freed from shackles and shackles and now has unlimited potential. There is no doubt that Biden left a mess, but this mess will be corrected, and the next four years will be glorious. Transformative wealth will be created, and I hope we all enjoy this journey. "
Analysts pointed out that the market appears to lack the willingness to bet on supply disruption expectations, and even if that happens, bearish signals cannot be offset...
Brian Armstrong, chief executive of Coinbase, wrote on X: "This seems to be the first election in which new media has completely disrupted traditional media. Long-form podcasts, X/social, prediction markets, etc. determine the direction of this election and hold traditional media accountable. Things will evolve step by step, and then reach a tipping point, and suddenly it will happen."
Brooks, an XTB analyst, said the dollar fell because the Federal Reserve seemed more likely to cut interest rates in November and less likely to keep them on hold. U.S. money markets showed a mere 5 percent chance of the Fed not cutting rates in November, down from 12 percent previously, according to data from LSEG Refinitiv. Meanwhile, polls show a very tight race for the US Presidential Election in November. She said the lack of a clear election result would hit sentiment and weigh on economic...
As the US election enters a white-hot stage, the market seems to smell a subtle change in the wind direction, "smart money" began to win all in Trump's election, Wall Street bosses began to plan for Trump's victory, although most polls still show that the two sides are evenly matched, but in recent weeks the changes in the election situation have affected the entire market, boosting the assets that are considered to benefit from the Republican victory, such as bitcoin miner Riot Platforms shares...
Oil prices rebounded sharply overnight, and Wednesday's strong pullback did not seem to dampen bullish enthusiasm. Analysts believe that there are currently three pillars supporting oil prices to rise, but beware of the risk of a pullback at this level? > >
Ethereum co-founder Vitalik Buterin posted on social media that in my opinion, the insurance DAO is undervalued. N people who were concerned about similar risks pooled their funds and agreed to provide protection for anyone exposed to risk. Symmetric models ensure that there is less imbalance of interests. The DAO can still hire professional claims judges if needed, but their incentives are justice and fairness because each participant doesn't know if the next beneficiary will be themselves. Sim...