_{FINANCIAL NEWS}

Musk Alleges DOGE Uncovered 'Magic Money Computers' in Government

Elon Musk, appointed by President Trump as the head of the Department of Government Efficiency (DOGE), claimed on the Verdict podcast with Sen. Ted Cruz that his team discovered 14 “Magic Money Computers” across federal agencies. According to Musk, these computers have blank-check authority, allowing them to create money out of thin air. He cited departments such as the Treasury, Health and Human Services, State, and Defense as having these systems, which he claims misreport government expenditures by up to 10%. His remarks have sparked discussions about government spending and monetary policy, with Bitcoin advocates pointing to cryptocurrency as a hedge against currency debasement. Read More.

_{US NEWS}

Did Warren Buffett Anticipate a Market Crash? His $325 Billion Cash Reserve Hints at It

Warren Buffett's decision to cut his Apple and Bank of America holdings while accumulating a record $334 billion in cash has raised speculation about an impending market downturn. Berkshire Hathaway’s cash reserves nearly doubled in 2024 as the company sold $134 billion in stocks but made minimal buybacks. Buffett defends the move as a strategic shift, citing high valuations and limited investment opportunities.

Experts are divided on his strategy—some see it as a cautious hedge against economic uncertainty, while others believe he may have exited too soon. With markets experiencing volatility, Buffett’s move aligns with his historical approach of waiting for buying opportunities in downturns. Whether he accurately predicted a crash or is simply playing the long game remains to be seen. Read Now.