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Elon Musk, Wall Street
Wall Street banks to sell billions in loans given to Elon Musk for purchase of X
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.
Wall Street hopes to get rid of a bad Elon Musk bet
Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s 2022 Twitter buyout.
Wall Street wants to unwind a troubled Elon Musk investment
This story incorporates reporting from AOL.Wall Street banks are seeking to mitigate losses from the debt associated with Elon Musk’s acquisition of Twitter. In an effort to recover a portion of their investment,
1d
on MSN
X’s financials appear to be recovering as banks prepare for debt sale: report
Potential buyers are finally seeing some signs that X might be bouncing back after the platform reportedly suffered serious ...
2d
on MSN
Elon Musk declined dinner with boss of $1.7 trillion fund that voted against his pay deal: 'Friends are as friends do'
Text messages show Elon Musk rejected a dinner invite from Nicolai Tangen, head of Norway's oil fund, and lectured him on how ...
3d
on MSN
Elon Musk’s ‘X Money’ Partners With Visa For Payments—Here’s What To Know About Venmo Rival
Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a ...
1d
Déjà Vu: Elon Musk Takes His Twitter Takeover Tactics to Washington
Federal agencies have offered exits to millions of employees and tested the prowess of engineers — just like when Elon Musk ...
8d
on MSN
CEO of America's largest bank on fight with Elon Musk: We have hugged and made up
JPMorgan Chase CEO Jamie Dimon and Tesla CEO Elon Musk have resolved their past differences with a reconciliation at the ...
Daily Express US on MSN
6d
Elon Musk admits X is 'barely breaking even' in alarming email to staff
Musk reportedly wrote, "we've witnessed the power of X in shaping national conversations and outcomes... [but] our user ...
2d
Elon Musk’s X partners with Visa to provide financial services
Elon Musk’s social media company, X, said on Tuesday that it was teaming up with Visa to provide financial services, in a ...
9d
on MSN
Elon Musk's DOGE has a new target for cutting federal spending: the U.S. penny
Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.
3d
Pimco, Apollo Among Funds Looking at Next $3 Billion of X Debt
Pacific Investment Management Co. is among asset managers looking at buying a portion of $3 billion of debt tied to Elon Musk ...
10d
on MSN
Ramaswamy forced out of DOGE by Musk after calling US workers ‘mediocre,’ report says
Biotech entrepreneur and Vivek Ramaswamy will no longer co-lead the Department of Government Efficiency alongside Elon Musk.
PCMag on MSN
2d
Ready to Swap Venmo for X Money? Visa Signs on to Power Money Transfers on X
Elon Musk's X has struck a deal with Visa to launch a Venmo-like digital wallet and peer-to-peer payment system for the app’s ...
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