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2024-12-14 10:23:58

Investors caught up in the "Musk Deal" are rewarded handsomely. One fund has even soared by 500%. Whether it is a Wall Street fund or a small short-term trader, as long as they dare to bet heavily on elon musk's business empire, they are expected to make a lot of money this year, because Donald Trump's victory in the US election has strongly boosted the wealth surge of the world's richest man. Musk's support for Trump during the campaign and his appointment to lead the new government efficiency department made his enterprises, including Tesla and unlisted unicorn companies SpaceX and xAI, hot assets. The market value of these companies has soared this year, pushing Musk's own personal wealth to exceed $400 billion. The closed-end fund Destiny Tech100 Inc.(DXYZ) is such a fund that caught the wind of Musk's trading. Since the November 5 election, the fund has soared by more than 500%. The fund invests in the shares of unlisted unicorn companies, and its latest declaration shows that as of the end of September, the bet on SpaceX accounted for more than one-third of its positions. Trump's victory prompted a large number of retail investors to flood into the fund, pushing its transaction price far beyond the valuation of its underlying assets, and the premium level rose to an eye-popping high.Canadian Finance Minister: If the United States imposes unreasonable tariffs, Canada will make a strong response.Newman Mining fell 3%, testing a 61.8% Fibonacci retracement near $41.


Fitch: In 2025, the rating prospects of the freight and logistics industries in the United States and Canada are generally stable.Coca-Cola Brazil invested R $550 million (US$ 91 million) to expand the concentrated solution plant in Amazon.Brent crude oil futures closed up $1.08, or 1.47%, at $74.49/barrel.


Bank deposits in the United States last week were $17.839 trillion, compared with $17.629 trillion in the previous week.Newman Mining fell 3%, testing a 61.8% Fibonacci retracement near $41.Maersk: I'm afraid 2025 will be another year when global trade will be disturbed.

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