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Elon Musk's Fortune Reaches Unimaginable Heights What You Need to Know
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Elon Musk has attained a net worth of $439.2 billion, marking a historical record. This increase results from multiple factors, including SpaceX's agreement to purchase $1.25 billion in shares from insiders, which added $50 billion to Musk's net worth. Tesla's stock rose approximately 65% since early November, driven by strong investor interest, particularly in light of Musk's upcoming role in the Department of Government Efficiency. Additionally, his AI venture, xAI, more than doubled in valuation since May, reaching $50 billion.
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What changes could Trump's executive orders bring to the economy?
01:49|Donald Trump has taken office as the 47th president of the United States and plans to sign multiple executive orders addressing economic issues. The first order targets inflation and energy by declaring a national energy emergency and aiming to increase U.S. oil and gas production alongside exports. Trump will revoke the existing electric vehicle mandate to bolster the American automotive industry and support U.S. autoworkers. He proposes the creation of the External Revenue Service to collect tariffs and taxes from foreign entities, benefiting American citizens. Additionally, Trump aims to establish the Department of Government Efficiency to streamline bureaucratic processes.Learn more on this news visit us at: https://greyjournal.net/What does TikToks resurgence mean for users and businesses in America
02:15|TikTok's resurgence impacts users and businesses in America. Users engage with content, discover trends, and participate in challenges on the platform. Businesses utilize TikTok for marketing, reach younger audiences, and promote products. The app offers advertising options and features like shoppable posts. Rising user activity leads to more content creation and enhances brand visibility. Analysts note potential regulatory challenges and competition from other social media platforms. Overall, TikTok's growth signals an evolving landscape for digital marketing and user interaction in America.Learn more on this news visit us at: https://greyjournal.net/news/What caused Trump to become TikTok's unexpected champion
04:10|During his presidency, Donald Trump sought to ban TikTok due to national security concerns, but he now supports the platform. As of January 20, 2025, he plans to sign an executive order after his inauguration to delay the ban and will pursue a deal that allows TikTok to operate while addressing security issues. This decision comes after a brief outage of the app, which TikTok attributed to Trump's intervention. TikTok currently has around 170 million users, many of whom rely on it for news and entertainment. Trump's change in position capitalizes on the current political climate, allowing him to potentially blame the previous administration if the ban is enforced or receive praise if it is lifted. Key tech figures, including Elon Musk and Mark Zuckerberg, have sought to align themselves with Trump, influencing company policies and providing financial support for his inauguration. TikTok’s CEO, Shou Chew, has engaged in direct discussions with Trump, emphasizing the platform’s commitment to its U.S. operations. Despite the law mandating TikTok's separation from its parent company ByteDance, recent actions indicate potential leniency under a Trump administration, which might consider regulatory changes favoring business consolidation. Trump also proposed a 90-day extension for ByteDance to comply with separation requirements and suggested establishing a joint venture with U.S. ownership in TikTok, although details remain unclear.Learn more on this news visit us at: https://greyjournal.net/What happens next for TikTok after the Supreme Court's ruling
02:29|The Supreme Court upheld the TikTok ban, affecting millions of users and businesses. The ban will take effect on January 19, 2025, after TikTok and its parent company, ByteDance, sought to delay the deadline for divestment or face a ban. The Court affirmed the previous decision from the U.S. Court of Appeals. TikTok prepares for a possible shutdown, warning of financial losses for creators and businesses. Justice Amy Coney Barrett stated that the law requires ByteDance to divest, not necessarily to completely shut down the app. ByteDance currently refuses to sell. Speculation exists about discussions between ByteDance and Elon Musk regarding a sale, but TikTok denies these claims. A former Biden administration official hinted at the possibility of not enforcing the ban, while incoming President Donald Trump signaled plans to review the situation and possibly preserve the app. TikTok argues that the ban infringes on First Amendment rights and faces scrutiny over data practices. Concerns were raised about the lack of similar action against other Chinese-owned apps, and justices mentioned ByteDance does not enjoy First Amendment protections. The potential ban could result in a significant revenue loss of $1.3 billion for TikTok and diminished earnings for creators.Learn more on this news visit us at: https://greyjournal.net/Will your job make the cut for a raise this year
01:26|New pay raises will occur for many professionals in 2025, with significant increases across various job sectors. Resume Genius published the 2025 Wage Growth Report, which analyzes three years of wage data from the U.S. Bureau of Labor Statistics. The report identifies roles in healthcare, technology, and finance, with salaries ranging from $41,000 to $449,320. Potential raises for these positions vary from $2,380 to $86,350. Experts highlight the importance of understanding job trends and encourage workers to make informed career decisions based on high projected job growth. This information assists professionals in navigating competitive job markets.Learn more on this news visit us at: https://greyjournal.net/Biden leaves TikTok's future in the hands of Trump
01:56|President Joe Biden will not enforce a ban on TikTok, leaving the decision to President-elect Donald Trump. The outgoing administration will transfer the law requiring TikTok's parent company, ByteDance, to divest the app by January 19. Trump, who previously supported a ban, now plans to keep TikTok operational in the U.S. TikTok's CEO, Shou Zi Chew, will attend Trump’s inauguration. National security adviser Mike Waltz mentioned potential measures to maintain TikTok's availability and stated the law could allow for extensions if viable solutions arise. Senate Democratic Leader Chuck Schumer supports extending the deadline to protect users while bipartisan discussions continue. Senator Tom Cotton raised concerns about TikTok being a security threat. The Supreme Court is reviewing a legal challenge to the law, which could lead to the requirement for ByteDance to sell TikTok on national security grounds. If upheld, Trump will prioritize user interests while addressing data protection.Learn more on this news visit us at: https://greyjournal.net/Discover the jobs that will change your career in 2025
03:38|In 2025, the job market emphasizes artificial intelligence and sustainability roles. LinkedIn identifies the top emerging positions. Artificial intelligence engineers design and implement AI technologies, with many transitioning from various tech roles. Artificial intelligence consultants help organizations adopt AI solutions, with backgrounds in operations or machine learning. Physical therapists offer pain management and mobility support, although remote work options are very limited. Workforce development managers focus on employee training, transitioning from recruitment or product management. Travel advisors assist in trip planning, experiencing a rise in demand. Event coordinators manage occasions, often moving from marketing or sales roles. Directors of development lead fundraising efforts, while outside sales representatives foster client relationships. Sustainability specialists assess environmental impacts and implement efficient strategies. Security guards maintain safety and security, with fewer flexible work options in this role. Learn more on this news visit us at: https://greyjournal.net/Can Scott Bessent Deliver an Economic Golden Age Under Trump
01:33|Scott Bessent, nominated for a Treasury position, will present his vision for the U.S. economy during his confirmation hearing. He plans to address the need for securing supply chains, implementing sanctions for national security, and maintaining the U.S. dollar's status as the world's reserve currency. Bessent, a billionaire with a history of donations to both political parties, will face inquiries about taxes, tariffs, and trade during the Senate Finance Committee hearing. If confirmed, he will manage key divisions of the Treasury Department, including the IRS, which received funding from the Inflation Reduction Act. His focus will include reshaping global trade, managing national debt, controlling inflation, and promoting productive investments to enhance confidence in financial markets.Learn more on this news visit us at: https://greyjournal.net/Discover Which States Are Surprising Choices for Retirement in 2025
02:11|Around 4.2 million Americans plan to retire this year, leading many to assess the best and worst states for retirement. A recent report identifies key factors such as cost of living, healthcare quality, taxation, and overall quality of life. States like Florida and Texas rank high due to low living costs, tax advantages, and good healthcare access. In contrast, New York and New Jersey rank lower because of high taxes and living expenses, which may affect retirees' savings. Effective retirement planning involves understanding these state-specific factors to enhance financial stability during retirement.Learn more on this news visit us at: https://greyjournal.net/