Mutual fund giant Fidelity wrote down the value of its shares in Twitter/X by another 8% during the month of September, according to a new disclosure.
By the numbers: Fidelity, which contributed over $300 million to Elon Musk's $44 billion takeover, decreased the value of its investment by nearly 65% over the first eleven months.
National security has both an economic and a military component, and U.S. national security adviser Jake Sullivan is convinced that laissez-faire economic policies have made his country less secure — an opinion that is shared by most lawmakers on both sides of the aisle.
Why it matters: How the U.S. reacts to this state of affairs will have profound consequences for whether global economic peace and prosperity can endure. There are no easy solutions.
