Musk Says DOGE Was ‘A Little Bit Successful,’ But He Wouldn’t Do It Again

Applications for unemployment benefits surged last week, marking the most significant increase since 2020, following a period where claims had previously dropped to a three-year low. This fluctuation indicates ongoing volatility in the labor market, as recent trends suggest a complex interplay between job availability and economic conditions.

Forbes has released the 2025 Midas List Europe, ranking the top 25 venture capital investors in Europe and the Middle East, in collaboration with TrueBridge Capital Partners. This list serves as a definitive guide to the leading figures in venture capital within these regions.

Elon Musk confirmed via a post on X that reports regarding SpaceX's plans for an initial public offering (IPO) next year are accurate, following recent discussions about the company's financial strategies and market positioning. This announcement comes shortly after media speculation about the IPO's potential scale and valuation.

A recent study by McKinsey indicates that global spending on data centers could exceed $6.7 trillion by 2030, with the majority of this investment occurring in the United States, where over 4,000 data centers are currently operational or under construction. This surge in data center development is attracting the attention of major players like SpaceX, Blue Origin, and OpenAI, who are exploring opportunities in this burgeoning market.

Elon Musk hinted at a potential initial public offering (IPO) for SpaceX in a post on X, following various media reports suggesting the company is advancing its plans for an IPO. This move is seen as a significant step for SpaceX as it prepares for a major financial transition.

Indonesia's wealth among its richest individuals has surpassed $300 billion in 2025, driven by a stock market surge, with half of the tycoons on the list experiencing increased fortunes compared to the previous year. Notably, data center billionaires have ascended into the top 10 rankings.

The U.S. has seized an oil tanker near Venezuela, a move that has led to a rise in oil futures by 56 cents to $58.93 per barrel. This action reflects escalating tensions between the U.S. and Venezuela, particularly in the context of U.S. military presence in the region and ongoing geopolitical conflicts.

Former President Donald Trump has seen a rise in his approval rating to 41%, coinciding with the launch of his 'Affordability Tour' aimed at addressing economic concerns among voters. This development was highlighted in a recent poll released by Forbes.