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Excitement builds as Musk gears up for SNL gig

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Excitement is building ahead of Elon Musk’s appearance on Saturday Night Live, SNL.

Dogecoin has risen as much as 40% in the last 24-hours. Experts have credited the investing boost to the buzz around the much-anticipated cameo.

The meme coin often fluctuates based on pop-culture events it last rose on the 20th of April or 420 – which is international weed day.

Musk causes controversy at SNL

This comes after SNL stars expressed their dissatisfaction over Musk’s cameo.

Aidy Bryant seemed to take a swipe at the SpaceX pioneer by tweeting a Bernie Sanders quote stating, “The 50 wealthiest people in America today own more wealth than the bottom half of our people.”

According to Forbes, Musk’s net worth is $179 billion.

However, when asked if everyone was being friendly and willing to work with him, Musk answered with a simple, “Yes.” 

Musk reaches to Twitter for sketch ideas

Musk asked for “skit” ideas for his SNL appearance on Twitter.

His ideas included “Woke James Bond,” “Baby Shark & Shark Tank merge to form Baby Shark Tank,” and “Irony Man – defeats villains using the power of irony.”

SNL cast member Chris Redd responded, “First I’d call Em sketches” with a laughing emoji.

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Money

Wall Street rallies as oil prices dip and bitcoin hits new high

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Wall Street started the week on a high note, extending last week’s rally as oil prices fell and bitcoin surged to a new record.

The Dow Jones jumped 1%, reaching over 44,000, with Tesla and big banks leading gains.

Crypto stocks soared as bitcoin hit an all-time high above $82,300, driven by optimism about lighter regulation.

Investors are also focused on upcoming inflation data, which could provide more clues about interest rates.

The dollar remained near a recent peak as Federal Reserve speakers, including Chair Jerome Powell, are set to weigh in later this week.

European markets followed suit, with the pan-European STOXX 600 rising over 1% on Monday.

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Money

Bitcoin surges to record highs post-election

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Bitcoin soared to nearly $80,000, reaching unprecedented levels following Donald Trump’s decisive presidential victory earlier this week.

This marks a significant 65.4% increase from its January low of $38,505, underscoring the cryptocurrency’s remarkable growth this year.

The surge is largely attributed to President-elect Trump’s commitment to establishing the United States as “the crypto capital of the planet,” signaling a potential shift toward more favorable regulations for digital currencies.

Investors are optimistic that the incoming administration’s pro-crypto stance will further bolster the market, potentially leading to sustained growth in the sector.

Analysts suggest that this momentum could pave the way for Bitcoin to reach even higher valuations in the near future.

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Money

Iron ore and oil prices drop as Beijing holds back

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China’s National People’s Congress announced a $1.3 trillion plan, but it’s focused on debt, not demand.

Mining giants BHP and Rio Tinto saw share prices fall as hopes for a strong stimulus faded.

Analysts say this “recycling debt plan” won’t deliver a boost for Australia’s resource exports.

Iron ore futures dropped 3%, and oil prices fell 2% after China’s announcement.

Some Australian economists see this as a missed opportunity for mining and the broader economy.

Beijing may wait for clarity on Trump’s trade policies before introducing more aggressive stimulus.

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