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The Latest Breaking News from Fidelity

Elon Musk convinced 19 luminary investors to help him buy Twitter. Here’s what their stakes are worth now.

Filings from Fidelity estimate that the company is worth one third what investors paid for their stakes.

Fortune

Elon Musk convinced pals Marc Andressen, Changpeng Zhao and Prince Al Waleed to invest in Twitter. They’re down 67%, according to a new Fidelity filing

Musk rallied arguably the most prestigious roster of technology superstars ever assembled for a single investment. It hasn't gone well so far.

Fortune

Elon Musk has lost Twitter over $30 billion in less than a year

Since Elon Musk bought Twitter for $44bn less than a year ago, its value has plummeted.

iMore

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Twitter’s value down two-thirds since Musk takeover, says investor

Asset manager Fidelity reports that stake worth $20m in October 2022 is now worth just under $6.6m

The Guardian - UK

The Value of Elon Musk's Twitter Plummets

The billionaire acquired the microblogging website for $44 billion in late October. He himself admits having overpaid.

The Street

Twitter is now worth a third of what Elon Musk paid, Fidelity says

Financial services giant marks down value of its stake in the platform

Evening Standard

Kiplinger Readers' Choice Awards: Full-Service Brokers

These are the winners of the Kiplinger Readers’ Choice Awards' best full-service brokers category. Our awards celebrate the very best products and services in personal finance.

Kiplinger

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Kiplinger Readers' Choice Awards: Wealth Managers

These are the winners of the Kiplinger Readers’ Choice Awards' best Wealth Managers category. Our awards celebrate the very best products and services in personal finance.

Kiplinger

Cover Your Retirement Income Bases With Scenario Planning

Here are three strategies to help you plan for best- and worst-case scenarios, positioning you for retirement success.

Kiplinger

Fidelity And T. Rowe Price Score Big On These New 'Blue Chips'

When most investors think of "Blue Chips," stocks in the Dow Jones Industrial Average come to mind. But ETFs focused on a new set of blue chips are leading the market higher.

Investors Business Daily

Sky Sports strike deal after Chelsea owners Clearlake Capital seal $700m investment

Chelsea news as Sky Sports and Fanatics strike deal after Clearlake Capital oversaw a $700 million funding round last year with Todd Boehly also holding a financial interest in the group

Football London

Banks consider new fees to reflect expenses

The Thai Bankers' Association (TBA) is mulling a new fee structure for the industry, with higher service costs for banks possibly passed on to customers.

Bangkok Post

Bitcoin is terrible for the environment – can it ever go green?

Cryptocurrency mining uses huge amounts of energy, but activists are urging for a change in its code to reduce its environmental impact

The Guardian - US

Who is Relativity Space and what do they do?

Relativity Space is a California-based startup company that has produced the world's first 3D-printed rocket, the Terran-1. We explore the company in more detail here.

Space

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Axios

America is not ready for retirement

Most people haven't saved enough to retire comfortably.

Al Jazeera

Six secrets uncovered by Al Jazeera’s Gold Mafia investigation

Here are the key takeaways from the investigation into Southern Africa’s biggest gold and money laundering operations.

Al Jazeera

Is Zimbabwe’s President Mnangagwa behind gold smuggling?

Al Jazeera’s investigation shows different gold smuggling gangs have one common thread — links to Emmerson Mnangagwa.

Al Jazeera

How Zimbabwe uses gold smuggling to evade sanctions choke

Al Jazeera infiltrates gold smuggling gangs that help Zimbabwe’s government secure dollars amid sanctions.

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news in one place.

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Al Jazeera

Top Zimbabwe ambassador involved in gold smuggling scheme

Uebert Angel, appointed by President Mnangagwa, offered undercover Al Jazeera reporters his diplomatic cover to launder.

Al Jazeera

Who are the Gold Mafia? Godmen, conmen and a president’s niece

Gangs that smuggle gold and launder money, that is what the Gold Mafia investigation is about. But who are they exactly?

The Money Edit

Get more for your money with a stocks and shares ISA

A stocks and shares ISA could grow your money faster than a cash ISA. But what is it exactly and who is it suitable for?

Birmingham Post

US streaming tech firm Roku creating more than 100 jobs in Cardiff

In an inward investment boost for the city Roku has taken nearly 26,000 sq ft of space at the Fusion Point One scheme

Fortune

The 10 best Roth IRAs for March 2023

We compared Roth IRAs across 16 financial institutions and platforms, weighed minimum deposit requirements, account fees, customer service options, and more.

Investors Business Daily

You Now Need To Save This Much To Retire In Style

Ask 100 people how much money they'll need for retirement, and you'll get 100 different answers.

Fortune

The number of 401(k) and IRA millionaires plummeted last year

Account balances are down, but investors are still prioritizing saving.

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