Newsletter Nov 26, 2024
Welcome to your November 26 newsletter...

Is there truth in Alex Jones' claims on X that Elon Musk has "officially purchased" MSNBC? Also, find out why Junior doctors in the NHS are currently leaving their posts in today's Money Making Moves: 

In the Fast Lane of Business...

> Social media buzzed after Alex Jones claimed Elon Musk had "officially purchased" MSNBC, though the claim remains unverified. Musk fueled speculation with a playful meme referencing the network, reminiscent of his joking approach before acquiring Twitter. Recent restructuring by MSNBC’s parent company, Comcast, has added intrigue, raising questions about the network's future and potential buyers. While Musk’s history of turning jokes into reality leaves room for speculation, the claim has sparked mixed reactions and cultural debates.

> Former Texas schoolteacher Kayla Morris saved for 15 years, only to lose nearly $282,000 after the fintech firm Synapse collapsed, leaving her locked out of her account. Synapse, which acted as a middleman for startups like Yotta, is at the center of a financial scandal that has left thousands of customers shortchanged, with some receiving mere pennies of their deposits. Despite claims that funds were FDIC-insured, missing money and disputes between banks have left many without recourse, sparking outrage and efforts like the "Fight For Our Funds" group. Regulators have largely remained inactive, and the bankruptcy proceedings have yielded few answers, leaving victims devastated and uncertain of recovery.

> TikTok CEO Shou Zi Chew has reportedly sought input from Elon Musk on U.S. matters, including the incoming administration and tech policy, according to the Wall Street Journal. The discussions have not included specific measures to keep TikTok operational in the U.S., but Chew has kept ByteDance leadership informed and remains cautiously optimistic. ByteDance previously engaged with individuals close to both Trump and Kamala Harris ahead of the U.S. election, hedging its bets. Trump, who attempted to ban TikTok in 2020, has since stated he would not allow the app to be barred if reelected.

Unique Business Idea For You

The healthy foods market is expanding globally, offering opportunities in areas like healthy snacks, no-sugar alternatives, and easy-to-cook meals. Entrepreneurs can start small with a limited product line and a local focus to build a customer base and compete with nearby businesses. Operating on a tight budget is possible by prioritizing cost-effective strategies and gradual growth. Over time, with real-world experience, the business can expand into a competitive venture.

Side Hustle You’d Be Crazy Not to Try

Leverage popular trends like Harry Potter, Twilight, or 50 Shades of Grey to create a lucrative side hustle. Opportunities include writing fan fiction, selling themed merchandise, or designing series-inspired jewelry. These trends have massive audiences, making them great for creative ventures. The possibilities for turning pop culture into profit are virtually limitless.

Personal Finance News

> To thrive in 2025, business owners must embrace skills that enhance freedom, profitability, and long-term growth. Key high-return skills include AI literacy for automation and productivity, delegation to build effective teams, and financial modeling with recurring revenue for stability. AI tools like automation platforms and content creation assistants are essential for scaling smarter, while delegation enables leaders to focus on strategy. Implementing subscription or retainer models can boost business valuations and reduce volatility, positioning companies for sustainable success. To find the perfect partners for your business, click here

> Bitcoin surged 40% since the U.S. presidential election, nearing $100,000, fueled by Trump’s pledge to replace SEC chair Gary Gensler, a move welcomed by the crypto community. Gensler's resignation, effective January 2025, paves the way for improved SEC-crypto relations and a potential White House crypto oversight role under Trump’s administration. Meanwhile, Trump Media & Technology Group filed a trademark for TruthFi, a crypto payments platform, and may acquire crypto trading platform Bakkt, though reports suggest its custody unit won’t be included. Trump's pro-crypto stance includes plans for a national crypto reserve and initiatives to drive industry adoption with investor security in focus.

> Junior doctors in the NHS are increasingly leaving permanent roles for higher-paying, flexible locum positions, driven by financial incentives and work-life balance improvements. Medfluencers on TikTok, like Dr. Lizkerry Odeh and Dr. Monika Sharma, are amplifying this trend by sharing their experiences, highlighting substantial pay disparities and the freedom to choose schedules. While locum work offers professional growth and autonomy, challenges include the lack of benefits, job insecurity, and frequent adjustments to new environments. This shift reflects deeper issues within the NHS, such as staffing shortages, low pay, and retention challenges, raising concerns about the sustainability of patient care.

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