Axios

It's the only generation born fully in the 21st century: the oldest are about 13, and the youngest will be born in the coming year.

The big picture: Enter Generation Alpha, the first entirely online cohort. Its members have grappled with a climate crisis and pandemic — and can spend money more easily at their age than even their savviest close elders.

Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.

By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).