Bank of America Elon Musk

Elon Musk, Wall Street

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.

New York Post on MSN · 5d

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.

Quartz on MSN · 1d

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,

Elon Musk’s X is getting into payments business

Forbes on MSN · 2d

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 peer-to-peer payments competitor to PayPal’s Venmo, Block’s Cash App and bank-owned Zelle.

The Boston Globe · 1d

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 step toward Musk’s plans of expanding it into an “everything app.” The new financial feature,

The Washington Post · 1d

Elon Musk’s X is getting into the payments business

X’s deal with Visa, the largest U.S. credit card network, was announced by CEO Linda Yaccarino and will be dubbed X Money Account.

1don 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 ...

1don MSN

Elon Musk disses boss of Norway’s $1.7T wealth fund that voted against his massive pay deal

Last summer, the firm helped strike down a $56 billion pay deal for Musk that would now be valued at around $100 billion ...

7don 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 ...

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 ...

3don MSN

Musk reportedly tells X staff 'we're barely breaking even' as the big banks start getting antsy over their debt

Musk reportedly tells X staff 'we're barely breaking even' as the big banks start getting antsy over their debt When you buy through links on our articles, Future and its syndication partners may earn ...

7don 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.

Former Tesla executive sues Elon Musk’s company over remote work bait-and-switch that upended his life

Exclusive: Mike Tully’s wife ‘threatened him with divorce’ if he relocated for work, according to a previously unreported ...

Elon Musk and the legacy of moguls in American politics

Musk’s purchase of Twitter and influence in Trump administration harks back to an era of wealthy moguls at the forefront of ...

5don MSN

Morgan Stanley prepares for $3 billion debt sale of Elon Musk's social-media platform - WSJ

Wall Street banks, including Morgan Stanley (NYSE:MS), Bank of America, and Barclays (LON:BARC), are gearing up to sell a ...

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