Still 25 at fidelity
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
Still 25 at fidelity
This is not being done in our best interests but I'm glad they did it.
You’re out the game?
For Gen X, retirement bites
New surveys suggest the MTV Generation is regretful about past financial missteps, anxious about the current economy and fretful for the future.
www.usatoday.com
For Gen X, retirement bites
For Generation X, retirement beckons. And reality still bites.
A raft of new surveys suggest the MTV Generation is regretful about past financial missteps, anxious about the current economy and fretful about the future.
Many Gen Xers sense they haven’t saved nearly enough to fund a comfortable retirement. They wish they had started saving sooner. They fear outliving their savings.
Gen Xers also worry the stock market is about to crash, a scenario with which they are all too familiar, having survived the Great Recession of 2008.
Generation X, born between roughly 1965 and 1980, will be next to retire after the baby boom. Some Gen Xers are retiring now.
It’s a generation largely defined by financial uncertainty. Generation X was the first to cope without ubiquitous workplace pensions, relying instead on a new savings tool called the 401(k). The Great Recession stands as the generation’s defining economic event.
The oldest Gen Xers turn 60 this year. They may not be ready for what comes next ...
Full article - https://www.usatoday.com/story/mone...tirement-bites-savings-inflation/86365380007/
EA going private in $55 billion deal that will pay shareholders $210 a share
Electronic Arts said it will be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Shareholders of the maker of Battlefield, The Sims and the Madden NFL will receive $210 per share.
Jared Kushner, who is President Donald Trump’s son-in-law, is CEO of Affinity.
Electronic Arts
said Monday that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Shareholders of the company will receive $210 per share in cash.
EA stock climbed 5% Monday. Shares gained about 15% Friday, closing at $193.35, after the Wall Street Journal reported that the company was nearing a deal to go private.
PIF is rolling over its existing 9.9% stake in the company and will, by far, be the majority investor in the new structure, people close to the deal told CNBC’s David Faber.
Affinity CEO Jared Kushner, who is President Donald Trump’s son-in-law, touted EA’s “bold vision for the future” in a release announcing the deal.
“I’ve admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games - and now enjoys them with his kids - I couldn’t be more excited about what’s ahead,” Kushner said in a statement.
The group of companies is cutting a $36 billion equity check, with $20 billion in debt financing from JPMorgan, which was brought in a couple of weeks ago, people familiar with the deal told Faber
The take-private deal for the maker of popular games like Battlefield, The Sims and the Madden series of NFL games, among others, is set to be the largest leveraged buyout in Wall Street history.
In a note to employees, EA CEO Andrew Wilson said he is “excited to continue as CEO.”
“Our new partners bring deep experience across sports, gaming, and entertainment,′ he wrote. “They are committed with conviction to EA – they believe in our people, our leadership, and the long-term vision we are now building together.”
The deal is expected to close in the first quarter of fiscal year 2027.
There is a 45-day window to allow for other proposals, people familiar with the terms of the deal told Faber. The deal talks started in the spring, the people said.
Silver Lake, which is led by co-CEOs Egon Durban and Greg Mondre, is also one of the key investors in Trump’s push to get TikTok under U.S. control
@Helico-pterFunk
Electronic Arts said it will be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Shareholders of the maker of Battlefield, The Sims and the Madden NFL will receive $210 per share.
Jared Kushner, who is President Donald Trump’s son-in-law, is CEO of Affinity.
Electronic Arts
said Monday that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion.
Shareholders of the company will receive $210 per share in cash.
EA stock climbed 5% Monday. Shares gained about 15% Friday, closing at $193.35, after the Wall Street Journal reported that the company was nearing a deal to go private.
PIF is rolling over its existing 9.9% stake in the company and will, by far, be the majority investor in the new structure, people close to the deal told CNBC’s David Faber.
Affinity CEO Jared Kushner, who is President Donald Trump’s son-in-law, touted EA’s “bold vision for the future” in a release announcing the deal.
“I’ve admired their ability to create iconic, lasting experiences, and as someone who grew up playing their games - and now enjoys them with his kids - I couldn’t be more excited about what’s ahead,” Kushner said in a statement.
The group of companies is cutting a $36 billion equity check, with $20 billion in debt financing from JPMorgan, which was brought in a couple of weeks ago, people familiar with the deal told Faber
The take-private deal for the maker of popular games like Battlefield, The Sims and the Madden series of NFL games, among others, is set to be the largest leveraged buyout in Wall Street history.
In a note to employees, EA CEO Andrew Wilson said he is “excited to continue as CEO.”
“Our new partners bring deep experience across sports, gaming, and entertainment,′ he wrote. “They are committed with conviction to EA – they believe in our people, our leadership, and the long-term vision we are now building together.”
The deal is expected to close in the first quarter of fiscal year 2027.
There is a 45-day window to allow for other proposals, people familiar with the terms of the deal told Faber. The deal talks started in the spring, the people said.
Silver Lake, which is led by co-CEOs Egon Durban and Greg Mondre, is also one of the key investors in Trump’s push to get TikTok under U.S. control
@Helico-pterFunk
@Ceenote
Here's their local place in the province. It's close to the Vancouver - Burnaby border in the city, one of the main hospitals, and some of the local high schools and one college (BCIT). Went to high school in that area, and knew a number of people who went to the college (which is walking distance down the hill).
Talked to one of the guys at the gym back in the early-2010s and he noted working there and enjoying the experience. Said they had plenty of perks as an employee.
EA Vancouver - Wikipedia
EA Vancouver (formerly known as EA Burnaby, then EA Canada) is a Canadian video game developer located in Burnaby, British Columbia. The development studio opened as Distinctive Software in January 1983, and is also Electronic Arts's largest and oldest studio. EA Vancouver employs approximately 1,300 people, and houses the world's largest video game test operation.<a href="https://en.wikipedia.org/wiki/EA_Vancouver#cite_note-1"><span>[</span>1<span>]</span></a> It is best known for developing a lot of EA Sports and EA Sports BIG titles, including EA Sports FC (formerly FIFA), NHL, SSX, NBA Street, NFL Street, EA Sports UFC, and FIFA Street titles, as well as a number of NBA Live and NCAA Basketball titles between 1994 and 2009.
I put a few coins in the brokerage account in hopes the shutdown will drive the market down so I can get in for low.
The Saudi's pretty much control our entire sport/entertainment industry
Nope, I still DCA into my same stocks. Just not taking on any new big positions. Sitting on cash, waiting for a huge pullback.
There goes free speech, you wont see any entertainer saying anything negative about the Saudis or China anymore. Bill Burr seems to be taking some heat on socials because he is doing a comedy festival in the UAE.
AI chip company Cerebras raises $1 billion in pre-IPO funding round
Published Tue, Sep 30 20259:00 AM EDT
Jordan Novet@in/jordannovet/
Share
Key Points
- Fidelity and other investors valued Cerebras at $8.1 billion in a new funding round.
- The artificial intelligence chip company filed for an IPO exactly a year ago and says it still plans to go public.
- Funding will go toward expanding manufacturing in the U.S. to reflect rising demand, the CEO said.
Cerebras CEO Andrew Feldman, front row, second from left, participates in a ribbon-cutting ceremony for the company’s data center in Oklahoma City on Sept. 22, 2025.
Cerebras
AI chipmaker Cerebras filed to go public exactly a year ago. The company has yet to take the plunge, but has now bought itself more time to stay private.
Cerebras said Tuesday that it’s raised $1.1 billion in new funding at a valuation of $8.1 billion as it tries to take on Nvidia
, the world’s most valuable company, in the booming market of artificial intelligence chips.
In its IPO prospectus, Cerebras calls itself a designer of chips for training and running AI models, and the company has prioritized operating a cloud-based service that AI models can use to handle incoming queries.
Shortly after Cerebras filed for its initial public offering last September, the company faced public criticism that it was too reliant on a single Middle Eastern customer, G42. Cerebras hit a snag seeking clearance from the Treasury Department’s Committee on Foreign Investment in the U.S., or CFIUS, to give G42 a bigger position.
Despite the lengthy delay, private market investors are bullish enough to about double the company’s valuation from $4 billion in 2021. Co-founder and CEO Andrew Feldman said in an interview that Cerebras still intends to go public.
“I don’t think this is an indication of a preference for one or the other,” he said. “I think we have tremendous opportunities in front of us, and I think it’s good practice, when you have enormous opportunities, not to let them fall by the wayside for lack of capital.”
Feldman told reporters in May that the startup aspired to go public in 2025.
There are plenty of high-valued AI companies raising large sums of money in the private market.
Databricks, a seller of data analytics software, recently said it was closing a $1 billion funding round with a valuation above $100 billion. OpenAI said last week that Nvidia plans to invest up to $100 billion in the company as it builds out data centers, and Anthropic announced earlier in September that it raised $13 billion in funding at a $183 billion valuation.
Investors in Cerebras’ funding round include 1789 Capital, Alpha Wave, Altimeter Capital, Atreides Management, Benchmark, Fidelity, Tiger Global and Valor Equity Partners.
“It was with investors who everybody would be proud of to have cornerstone your IPO,” Feldman said. The new money will allow for an expansion in U.S. manufacturing, he said.
After Taiwan Semiconductor Manufacturing
produces Cerebras’ chip wafers, they’re packaged in the U.S. As demand increases, Cerebras plans to hire more people to focus on production.
“We increased manufacturing capacity in the last 18 months 8x, and we are going to go another 4x in the next six or eight months,” Feldman said.
Feldman declined to talk about recent financials. The company generated about $70 million in revenue in the second quarter of 2024, compared with less than $6 million in the period a year earlier.
This year Cerebras has discussed business that it’s picked up from Hugging Face, Meta, Notion and Perplexity.
Passive Income: How the Ultra-Wealthy Build Wealth While They Sleep
From dividends to royalties, here’s how the wealthy create income streams that keep paying long after the work is done.
www.kiplinger.com
Bribing people by printing money. smh
shit makes no sense lolGov. shuts down and $SPY is green.
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