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Musk and Ramaswamy's DOGE Mission: Revolutionizing Government Efficiency

  Billionaire Elon Musk and entrepreneur Vivek Ramaswamy have taken Capitol Hill by storm with their ambitious plans for President-elect Donald Trump's Department of Government Efficiency (DOGE). The duo met with lawmakers behind closed doors to discuss their strategy for dismantling the federal government, a key component of Trump's "Save America" agenda. Musk and Ramaswamy's mission is to reduce federal jobs, programs, and regulations, aiming for a leaner, more efficient government. Their approach has sparked both excitement and concern among legislators, as they navigate the complexities of implementing such sweeping changes. House Speaker Mike Johnson expressed optimism about the initiative, while others remain cautious about the potential impact on essential services and programs that millions of Americans rely on. The DOGE caucus, led by Representatives Aaron Bean and Pete Sessions, has already begun brainstorming ways to identify and eliminate wasteful spen...
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Nasdaq Slips While Dow and S&P 500 Hold Steady Amid Weekly Gains

 

The Nasdaq Composite retreated on Friday, ending a recent rally, while the Dow Jones Industrial Average and the S&P 500 managed to hold steady, positioning for modest weekly gains. Investors appeared cautious as they weighed economic data and Federal Reserve commentary on interest rate policies.

The Nasdaq dropped 0.6%, driven by a pullback in technology and growth stocks. Meanwhile, the Dow eked out a slight gain of 0.1%, buoyed by strong performances from industrial and financial sectors. The S&P 500 remained flat, balancing gains in consumer staples and utilities against losses in tech.

Market sentiment was mixed following the release of Federal Reserve meeting minutes earlier in the week, which hinted at a potential pause in rate hikes but left the door open for future increases depending on economic conditions.

Earnings reports and consumer spending data also contributed to the market’s dynamics, with investors keeping a close eye on holiday retail trends as the season approaches.

As the trading week closes, all three major indices remain on track for modest weekly gains, reflecting resilience despite ongoing uncertainties in the economic outlook.


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