Reported about 15 hours ago
Elon Musk's standing on Wall Street has improved significantly after banks sold $5.5 billion in loans tied to his acquisition of Twitter, now known as X. The demand for these loans exceeded expectations, reflecting growing confidence in Musk's business ventures, particularly after his involvement with the Department of Government Efficiency (DOGE). As banks seek to offload their remaining debt from Musk's buyout, they are experiencing renewed interest from investors, partly due to a revival of advertisers on X and Musk's efforts to showcase potential cost savings in the financial sector.
Source: YAHOO