Djelics | E+ | Getty Images If you’ve inherited an individual retirement account, you may have big plans for the balance — but costly mistakes can quickly shrink the windfall, experts say. Many investors roll pre-tax 401(k) plans into traditional IRAs, which trigger regular income taxes on future withdrawals. The tax rules are complicated for […]
Elon Musk says xAI has acquired X, in deal valuing X at $33 billion
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion. “xAI and X’s futures are intertwined,” Musk, the world’s richest person, wrote in a post on X. “Today, […]
Patrick Schwarzenegger, ‘White Lotus’ cast lead tributes for Thailand earthquake
In the wake of a devastating earthquake that struck Thailand and Myanmar (Burma), “The White Lotus” cast, including Patrick Schwarzenegger, are coming together to pray for the victims impacted by the disaster. The deadly 7.7-magnitude earthquake has rocked Southeast Asia and officials announced that the death toll exceeded 1,000 as search and rescue operations continue. […]
Elon Musk’s xAI Acquires X, Because of Course
Elon Musk’s artificial intelligence firm xAI has acquired his social media platform X in an all-stock transaction that values the company at $33 billion, including $12 billion worth of debt, the centibillionaire announced Friday. The sale comes just weeks after Musk reportedly raised an additional roughly $1 billion in debt financing for X that valued […]
Potential Bitcoin price fall to $65K ‘irrelevant’ since central bank liquidity is coming — Analyst
Bitcoin’s (BTC) 7% decline saw the price drop from $88,060 on March 26 to $82,036 on March 29 and led to $158 million in long liquidations. This drop was particularly concerning for bulls, as gold surged to a record high at the same time, undermining Bitcoin’s “digital gold” narrative. However, many experts argue that a […]