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Elon Musk's NetWorth Falls Below $400 Billion for First Time This Year

Elon Musk is the $400 billion man no longer; now he's just the $395 billion man.   Elon Musk’s net worth dipped below the $400 billion mark for the first time in 2025, according to the Bloomberg Billionaires Index. On Monday alone, Musk’s fortune declined by more than $7 billion, driven by a 3% drop in Tesla (TSLA) shares — which make up roughly one-third of his total wealth. The downward trend continued Tuesday morning, with Tesla stock sliding an additional 4%, pushing his estimated net worth to $384 billion, according to Forbes. Musk initially crossed the $400 billion threshold back in December, when Tesla’s stock skyrocketed following Donald Trump’s re-election victory. At the time, investors rallied behind the EV giant, expecting regulatory and business advantages stemming from Musk’s close ties to the new administration. According to Bloomberg, Musk reportedly spent at least $277 million in support of Trump’s campaign. In return, he was appointed to lead the administration’s ...

What Are The Main Competitors For Tesla’s (TSLA)?

  What Are The Main Competitors For Tesla’s (TSLA)? The electric vehicle (EV) market has seen rapid transformation, and for years, Tesla (TSLA) stood as the dominant player, often seen as the face of EV innovation. However, with rising global awareness of climate change and tightening emissions regulations, legacy automakers and new EV startups have accelerated their efforts. Tesla, once the clear industry leader, now faces mounting pressure from all sides. Key Points: Tesla’s dominance is being challenged by both established brands and Chinese startups. Global climate goals and emissions rules are accelerating EV development. The automotive industry is undergoing its biggest transformation in over a century. EV market leadership now requires more than brand recognition—it demands scale, innovation, and affordability. Autos and light trucks remain a major contributor to global emissions, spotlighting the importance of EVs. Despite the growing competition, Tesla reta...

Forex Forecast - EUR/USD, NASDAQ 100, Silver, Crude Oil, Gold

Forex Forecast - EUR/USD, NASDAQ 100, Silver, Crude Oil, Gold As global markets remain volatile amid shifting economic data and geopolitical tensions, investors are closely tracking major assets for directional signals. Below is a technical and fundamental outlook for key markets: EUR/USD The pair remains in a tight consolidation zone. Traders are watching for a breakout or continued range-bound behavior amid uncertain macroeconomic signals. NASDAQ 100 Bullish momentum continues as the index nears all-time highs. Short-term pullbacks are expected to attract buyers, supported by positive sentiment and strong momentum. Silver Silver has shown some gains, fluctuating between $30 and $31. A breakout above $31 may spark a rally, but risks from tariffs and slowing economic momentum make gold a more attractive option currently. Crude Oil (WTI) WTI Crude remains range-bound but holds bullish potential. A break above $70.50 could signal further upside, backed by global rate cuts and strong US e...

Will Gold XAU/USD Rise in 2025?

  Will XAU/USD Rise in 2025? Speculations have increased that gold prices will continue their record-high trajectory during the new year 2025 trading after prices recorded a historic record high during the 2024 trading. Also, the gold price index was on the verge of the psychological resistance level of $2800 per ounce. This is supported by factors such as increased demand for gold as a safe-haven asset amid growing global geopolitical tensions and purchases of gold by central banks for hedging. Gold surged over 26% in 2024, peaking at $2,790/oz—its best year since 2010—driven by Fed easing, geopolitical tensions, and record central bank buying. Despite a post-Trump dip, gold outperformed most commodities, while base metals fell. In 2025, investors eye US policy shifts and China’s recovery. Will gold prices rise in 2025? Recent trading shows gold prices climbing despite a strong US dollar, which hit a two-year high driven by Trump’s trade policies. Rising US Treasury yields, typica...

Stocks to watch in 2025 — What to watch for

Stocks to watch in 2025 — What to watch for Stocks are entering 2025 with mixed momentum. After a strong rally following Donald Trump’s presidential win, U.S. markets slowed in December due to the Federal Reserve lowering its forecast for interest-rate cuts. The Dow Jones had its worst month in over two years, and the S&P 500 saw its biggest drop since April, while the Nasdaq barely managed a gain. Wall Street remains hopeful about stock performance in 2025, but concerns remain around interest rate movements and the broader economic impact of Trump’s policy direction. Here are a few key stocks and trends to watch upcoming January: Nvidia (NVDA) : CEO Jensen Huang will open CES on Jan. 6, discussing Blackwell chips and 2026’s Rubin chips amid soaring demand. Tesla (TSLA) : Up 60% since the election, Tesla faces delivery and earnings tests while policy changes, like the EV tax credit cut, raise uncertainty. Intel (INTC) : After a 60% loss in 2024 and CEO change, its January...

Dow Extends Winning Streak to 5 Days; Bitcoin Drops as Markets Close Mixed

Dow Extends Winning Streak to 5 Days; Bitcoin Drops as Markets Close Mixed Stocks delivered a mixed performance on Thursday, slowing the momentum from the holiday-shortened week as the Santa Claus rally showed signs of fatigue. The Dow Jones Industrial Average edged up less than 0.1%, marking its fifth straight session of gains, while the S&P 500 and Nasdaq Composite each slipped just under 0.1%, ending a three-day winning streak. Dow closes higher for 5th day in a row S&P 500 and Nasdaq snap 3-day win streaks Apple hits record close, nears $4T market cap Bitcoin retreats after nearing $100K 10-year Treasury yield reaches highest since May Large-cap tech stocks were mostly under pressure. Apple Inc. (AAPL) rose 0.3% to a new record close, bringing it closer to the historic $4 trillion valuation mark. However, other tech heavyweights including Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META), and Tesla (TSLA) ended the sessio...

Gold Set for 'Much More Modest' Growth in 2025, World Gold Council Says

World Gold Council Predicts "Much Slower" Growth for Gold in 2025 Gold prices are expected to experience more modest growth in 2025, following a record-breaking year in 2024, according to the World Gold Council's 2025 outlook. After reaching multiple record highs and delivering its best annual performance in a decade, gold is set for slower growth next year. The 28% surge in gold prices through November was driven by central bank and investor buying, with slowing consumer demand, particularly from China, partially offsetting these gains. Key Points: Gold saw a 28% rise in 2024, fueled by central bank and investor purchases. 2025 will likely see more modest growth for gold, driven by macroeconomic factors. A potential rise in central bank acquisitions or worsening financial conditions could push gold prices higher. A reversal or pause in the U.S. Federal Reserve's rate-cutting cycle would dampen gold demand. China and India remain major gold markets, maki...