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Tech Jitters and Fed Uncertainty Weigh on Markets

U.S. stocks slipped as a pivotal week began, with investors bracing for a wave of Big Tech earnings and the Federal Reserve’s upcoming policy decision. The Dow, S&P 500, and Nasdaq all edged lower, reflecting a cautious mood across markets. The pullback follows a choppy stretch for equities, as major indexes have struggled to regain momentum amid shifting expectations for interest‑rate cuts and ongoing geopolitical concerns. Tech stocks, in particular, have been under pressure after consecutive weekly declines, raising the stakes for earnings reports from industry giants. Apple, Microsoft, Meta, and Tesla are all set to report in the coming days, and their results could determine whether the sector reclaims leadership or continues to drag on broader market performance. With the Fed meeting approaching, traders are looking for clarity on the central bank’s rate‑cut timeline. Until then, many appear content to stay on the sidelines as uncertainty hangs over the week ahead.
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Elon Musk's Ultimatum to Federal Workers: A New Era of Accountability

 

In a move that has sent shockwaves through the federal workforce, Elon Musk has issued an ultimatum to all federal employees, demanding that they provide a detailed account of their accomplishments over the past week within 48 hours. This directive, announced via Musk's social media platform, X, has sparked confusion and concern across various government agencies.

Musk, who serves as President Donald Trump's cost-cutting chief, emphasized that failure to comply with this request would be interpreted as a resignation. The email sent to federal employees instructed them to list approximately five bullet points of their weekly achievements and to cc their managers.

The directive has been met with mixed reactions. Some agencies have advised their employees not to respond, while labor union leaders have condemned the move as an example of the administration's disregard for federal workers and the essential services they provide. The American Federation of Government Employees (AFGE) has threatened legal action, arguing that the order is both cruel and disrespectful.

As the deadline approaches, the federal workforce remains in a state of uncertainty, with many employees questioning the authenticity and implications of Musk's directive.


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