New Country to Join Abraham Accords on Thursday, Says Witkoff
According to Witkoff, another nation is expected to officially join the Abraham Accords this Thursday, expanding the circle of regional partners engaged in diplomatic and economic cooperation with Israel and other signatories.
Tesla Shareholder Decisions
Tesla investors have voted in favor of a massive compensation package valued at $878 billion for Elon Musk. This milestone reflects continued confidence in his leadership, even amid ongoing debates about the scale of executive pay.
Tech Market Performance
Technology stocks experienced a downturn this week, reflecting a souring investor mood driven by concerns over market volatility and inflation pressure.
Gold Price Movements
Gold prices edged higher as the U.S. dollar weakened and investors increased bets on potential Federal Reserve rate cuts. Despite the recent uptick, gold remains on track for a modest weekly loss.
“Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval.”
Author’s Summary
The week saw geopolitical developments, a landmark Tesla vote, tech market declines, and shifting gold prices shaped by changing economic sentiment.