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Twitter is now worth just 33% of Elon Musk’s purchase price, Fidelity says

Published Wed, 05 Mar 2025 02:55:31 GMT

By Aisha Counts and Tom Maloney | BloombergTwitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity. More recently, he said Twitter is worth less than half what he paid for it. It’s unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company.Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.Twitter has struggled financially since Musk took over. After saddling the company with $13 billion of debt, Musk’s erratic decision making and challenges with content moderation led advertising revenue to decline by 50%, Musk said in March. An attempt to recoup that revenue by selling T...

At 83, Al Pacino will soon beat Robert De Niro as one of the oldest celebrity dads

Published Wed, 05 Mar 2025 02:55:31 GMT

Besides being male movie legends and first starring together in “The Godfather II,” Al Pacino and Robert De Niro have something else in common: They’re both men nearing the end of their lives who have decided to produce children with younger women.News came Tuesday night from TMZ that Pacino, 83, is expecting a baby — his fourth — with his 29-year-old girlfriend Noor Alfallah. She’s eight months pregnant and has been linked to Pacino since April 2022, TMZ said. Pacino’s big news — including the fact he’ll be 101 when his child turns 18 — comes several weeks after De Niro, 79, announced the birth of a daughter — his seventh child — with girlfriend Tiffany Chen.HOLLYWOOD, CALIFORNIA – MARCH 27: (L-R) Al Pacino, Francis Ford Coppola, and Robert De Niro speak onstage during the 94th Annual Academy Awards at Dolby Theatre on March 27, 2022 in Hollywood, California. (Photo by Neilson Barnard/Getty Images) I...

What’s with the overnight work on I-680? Roadshow

Published Wed, 05 Mar 2025 02:55:31 GMT

Q: What are they doing with night work on Interstate 680 in Danville? Signs on northbound on-ramps at Diablo Road, El Cerro Road and El Pintado Road write about closures from 8 p.m. to 5 a.m. from April 25 to June 25. Unfortunately, some nights, I have been awakened by jackhammers and blower noise.I’ve inquired with Caltrans and CHP to no avail, and cannot find any mention of this on the Caltrans website.Thomas MillerA: Several things are occurring in this area. Caltrans is closing the right-most lane of southbound Interstate 680 at various locations and times between Alcosta Boulevard in San Ramon and Highway 84 in Sunol for tree removal from June 12 through late August. Most closures are scheduled between 11 a.m. and 7 p.m. Closures are necessary for workers to safely remove trees and vegetation ahead of construction of the southbound 680 express lane and pavement rehabilitation project.That project will build a new express lane on southbound 680, stretching from Highway 84 to Alc...

San Mateo County developing plan to combat opioid, fentanyl crisis

Published Wed, 05 Mar 2025 02:55:31 GMT

SAN MATEO COUNTY, Calif. (KRON) – The San Mateo County Board of Supervisors are working to combat the county’s opioid and fentanyl crisis. On Tuesday, supervisors directed the county’s staff to develop a plan that focuses on treatment options, education on fentanyl and opioids for the public and more access to life-saving medication for overdoses.  2 dead, 1 injured in Highway 1 crash on Peninsula “As the parent of a college sophomore and a recent college grad, this is an issue that feels very personal to me,” said Dave Pine, president of the Board of Supervisors and organizer of the session. “I think the emphasis on education just has to be continuously called out. Our best approach is educating residents, especially youth and young adults, about the lethality of these drugs.”According to a report by the county, there were 66 fentanyl-related deaths in 2021. “Any death is tragic,” said Dr. Scott Morrow, San Mateo County health officer. “It is assured that youth use and youth...

Santa Clara police searching for missing 70-year-old man with dementia

Published Wed, 05 Mar 2025 02:55:31 GMT

SANTA CLARA, Calif. (KRON) -- Police in Santa Clara are seeking the public's help in locating a missing man who suffers from dementia. 2 dead, 1 injured in Highway 1 crash on Peninsula Richard “Rick” Gillick went missing Tuesday afternoon from his home near Lexington and Santa Clara Streets, police said. The 70-year-old was last seen wearing a colored shirt, blue jeans, dark tennis shoes and riding a yellow bicycle.KRON On is streaming news live now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Police urge anyone who has seen Gillick to call 9-1-1 immediately.

Facing sweltering summers, California’s Newsom floats plan for state to buy energy

Published Wed, 05 Mar 2025 02:55:31 GMT

FILE – California Gov. Gavin Newsom talks with union electricians at Proxima Solar Farm outside Patterson, Calif., on May 19, 2023. California has struggled to meet growing demand for electricity as the state transitions away from fossil fuels. Gov. Newsom has proposed the purchasing power of the state to purchase large amounts of new renewable energy, including from offshore wind and geothermal power plants. (Andy Alfaro/The Modesto Bee via AP, File) FILE – California Gov. Gavin Newsom talks with union electricians at Proxima Solar Farm outside Patterson, Calif., on May 19, 2023. California has struggled to meet growing demand for electricity as the state transitions away from fossil fuels. Gov. Newsom has proposed the purchasing power of the state to purchase la...

Qatar’s prime minister reportedly meets with Taliban’s supreme leader in Afghanistan

Published Wed, 05 Mar 2025 02:55:31 GMT

This is a locator map for Afghanistan with its capital, Kabul. (AP Photo) This is a locator map for Afghanistan with its capital, Kabul. (AP Photo) DUBAI, United Arab Emirates (AP) — The supreme leader of the Taliban met in Afghanistan with Qatar’s prime minister this month, the first-such publicly known meeting between the Taliban’s reclusive leader and a foreign official, the Al Jazeera satellite news network reported Wednesday. Haibatullah Akhunzada met Qatar’s Sheikh Mohammed bin Abdulrahman Al Thani on May 12 in Afghanistan’s southern city of Kandahar, the spiritual birthplace of the Taliban, Al Jazeera English said. Sheikh Mohammed also is the foreign minister of Qatar, an energy-rich...

Blast in east Lebanon kills 5 in base controlled by Palestinian faction, Israel denies role

Published Wed, 05 Mar 2025 02:55:31 GMT

DAMASCUS, Syria (AP) — A blast early Wednesday at a military base controlled by a Syria-backed Palestinian faction in eastern Lebanon killed five Palestinian militants and wounded 10 others, according to two Palestinian officials with the group. The faction said an Israeli airstrike caused the blast, but that account was disputed by an Israeli official, speaking on condition of anonymity, who denied the country had any role in the incident. Israel does not typically respond to foreign reports.In Beirut, a Lebanese military official said the explosion was the result of a blast within the base, adding that there was no airstrike. An official with a regional group allied with the Syrian government, said the explosion was the result of a “human error” that occurred when militants were handling ammunition. Both officials spoke on condition of anonymity. Anwar Raja of the Popular Front for the Liberation of Palestine-General Command, told The Associated Press in Damascus that the Israeli ...

El exgobernador de Nueva Jersey, Chris Christie, entrará a la contienda presidencial, según NBC News

Published Wed, 05 Mar 2025 02:55:31 GMT

NUEVA YORK – El exgobernador de Nueva Jersey, Chris Christie, entrará a la contienda presidencial el martes de la próxima semana, según dieron a conocer fuentes a nuestra cadena hermana NBC News. El republicano hará el anuncio en un ayuntamiento en Manchester, New Hampshire.Christie, después de tropezar con un sexto lugar en las primarias de New Hampshire de 2016, le dará una segunda oportunidad al esfuerzo de la Casa Blanca. Tras abandonar la contienda hace ocho años, respaldó a Trump solo unos días antes del Súper Martes, lo que le dio un nombre creíble al impulso de Trump en ese momento.Esta es una noticia en desarrollo.Source

Día clave para el techo de la deuda: la Cámara se apresta a votar el proyecto de ley

Published Wed, 05 Mar 2025 02:55:31 GMT

La Cámara de Representantes de Estados Unidos, de mayoría republicana, se apresta a votar este miércoles el proyecto de ley para incrementar la capacidad de deuda del país y evitar un catastrófico impago federal.El presidente Joe Biden dijo estar “muy a gusto” con el acuerdo sobre el techo de deuda y el presupuesto negociado con el presidente de la Cámara, Kevin McCarthy, mientras la Casa Blanca y los líderes del Congreso trabajaban para garantizar su aprobación esta semana, a tiempo para elevar el límite de endeudamiento de la nación.Sin embargo, el ala dura del Partido Republicano estadounidense reforzó este martes su ofensiva contra el proyecto de ley. “Quiero ser muy claro. Ningún republicano debería v...