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Elon Musk net worth: Elon Musk concluded his tenure as a Special Government Employee for President Trump's cost-cutting task force, citing the end of his scheduled time. Despite a recent decline in Tesla's stock price and subsequent drop in net worth to $386.5 billion, Musk remains the world's richest person. He is expected to refocus on his ventures like Tesla, SpaceX, and X Corp.
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Elon Musk concluded his advisory role with the Department of Government Efficiency (DOGE) under former President Trump, citing the end of his term as a Special Government Employee. His departure follows disagreements over spending bills and frustrations with bureaucratic delays. DOGE's cost-cutting efforts fell short of initial targets, prompting Musk to refocus on his business ventures, particularly Tesla.
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News and Media
Seth R Freeman from GlassRatner Advisory suggests that long-dated bond yields might slightly decline, offering temporary relief amidst ongoing uncertainty. The US court's tariff setback, now heading to appeals, injects volatility into business planning and global markets. Freeman emphasizes the global positive sentiment's significance, cautioning investors to closely monitor its impact on logistics, imports, and profit projections.
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News and Media
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