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| New to the newsletter? Subscribe to The Daily Money to get the best consumer and financial news from USA TODAY delivered to your inbox every weekday morning. And give our news-inspired Spotify playlist a listen. It features every song quoted here. |
| Good morning and happy Thursday, Daily Money readers. Jayme Deerwester here with you. |
🚨 Elon Musk wants to buy Twitter, take company private 🚨 |
| Turns out being Twitter's biggest shareholder wasn't enough for Elon Musk. |
| Days after he opted not to join the social media platform's board of directors, the Tesla CEO has gone all in, offering to buy the entire company for $41.3 billion, according to a regulatory filing Twitter sent to the Securities and Exchange Commission. |
| So what's his angle? |
| "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk said in his proposal. "However, since making my investment, I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company." |
📰 More headlines you can't miss 📰 |
| MEXICAN BORDER STANDOFF: Truckers block Texas-Mexico border after governor orders state inspections on top of federal ones. |
| DON'T TOSS THAT MASK YET: Mandate for planes extended through May 3. |
| 'NO BRAINER FOR INVESTORS': US I bonds rates could yield 9.6%, but how long can this deal last? Plus, here's how to buy them. |
| IS TECH SUPPORT TALKING TRASH ABOUT YOU? Here are secret words your company's IT support workers use to describe users who are not so tech-savvy. |
| NO MORE EMAILS, PLEASE: Why texting is the ideal way for small businesses to reach customers. |
🍏 Expect to pay more for these foods 🍏 |
| Food prices at grocery stores and supermarkets are expected to increase from 3%-4% this year after already seeing a 6.8% jump from January 2021. Restaurants purchases are also 8.6% higher than in February 2021, and are expected to jump by 5.5%-6.5%. |
| As the cost of a trip to the grocery store rises, shoppers can expect every food category to cost more, with prices for 11 disaggregate food categories jumping at least 1% since last month. |
| Here are some of the food prices expected to drastically jump later this year: |
| • | Poultry and eggs | | • | Fats and oils | | • | Fruits and vegetables | | • | Nonalcoholic beverages | | • | Sugar and sweets, cereal and bakery items | |
💲 Make sure the IRS doesn't reject your tax return 💲 |
| Still haven't received your 2020 tax refund yet – a year or so after filing your return? Well, that's going to complicate things when you try to file your 2021 one, potentially causing it to get rejected by the IRS. But there's a workaround. |
| "If you try and file electronically, the system asks what your adjusted gross income is for the prior year, trying to validate you are who you say you are," Erin Collins, the national taxpayer advocate, told the USA TODAY Network. |
| Not surprisingly, a lot of taxpayers are entering their adjusted gross income from a copy of their 2020 tax return. After all, why wouldn't they? That's what they're being asked to do, right? |
| Except it's the wrong thing to do in this case. The system won't let you go forward if your 2020 tax return has not yet been processed. |
| "If your return was not yet processed, you enter 0 in the adjusted gross income," Collins said. "Then you can currently file electronically." |
🎧 Mood music 🎧 |
| Given Elon Musk's bid to acquire Twitter and take it private, picking today's lyric was easy. This is a job for Freddie Mercury. So let's cue up some Queen. |
| "I want it all, I want it all. I want it all and I want it now." |
| LISTEN WHILE YOU WORK: You can hear just about every song quoted in the newsletter on the Daily Money Mood Music playlist on Spotify. |
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