elon musk wall street news

Here’s Most Dangerous Part of Elon Musk’s Treasury Takeover

Elon Musk’s DOGE takeover of Treasury payments systems is already racking up legal challenges. Here’s what to know

A lawsuit filed Monday seeks to halt the ‘unlawful disclosure of information,’ including Treasury data on Americans’ taxes and Social Security, to DOGE staff. This week, President Trump adviser Elon Musk’s newly formed Department of Government Efficiency (DOGE) seems to have gained full access to the Department of Treasury’s payments systems responsible for processing trillions of dollars of spending,

Rolling Stone on MSN · 2d

Elon Musk’s Attempt to Control the Treasury Payment System Is Incredibly Dangerous

Trump and Musk could use sensitive Treasury information to punish their enemies. Worse yet, they could break America’s payment system entirely

The Financial Times · 1d

US Treasury moves to quell fears of Elon Musk taking over payments system

The US Treasury has sought to calm fears over Elon Musk’s access to its vast payments system, insisting no transactions have been cancelled, despite the billionaire’s claim to be “rapidly shutting down” remittances.

Wall Street banks sell $5.5B of X loans

New York Post on MSN · 12d

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.

The Financial Times · 7h

Wall Street banks offload $5.5bn in debt linked to Elon Musk’s takeover of Twitter

Wall Street banks saddled with debt from Elon Musk’s $44bn takeover of Twitter sold large chunks of the loan package to investors on Wednesday, allowing a number of lenders to exit one of the toughest acquisition financings in recent years.

Reuters · 8h

Banks sell down $5.5 bln of Musk's X debt to investors - source

Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal.

'Out of order!' House GOP panel shoots down Democrats' call to subpoena Elon Musk over DOGE

The heated exchange early in a House Oversight hearing about "Rightsizing Government' leads to Democrat protests that Musk is ...

6hon MSN

Tesla Stock Fell. California Might Be Turning Against Elon Musk.

Investors are looking for evidence Musk’s politics are hurting Tesla. It’s hard to find, but California might be turning ...

Amazon ramps up ad spending on Elon Musk's X, WSJ reports

Amazon.com is increasing its advertising on billionaire Elon Musk's social media platform X, the Wall Street Journal reported ...

2don MSN

How Elon Musk is transforming American government

Elon Musk isn't just President Donald Trump's biggest financial backer and sidekick in the new administration. He's now ...

autoevolution6d

For the First Time, Wall Street Takes Elon Musk Seriously About Autonomous Driving and AI

Despite missing key Wall Street estimates, Tesla shares rose as Wall Street finally bought Elon Musk's optimism about Full Self-Driving progress ...

11hon MSN

Trump-Musk purge of the CIA underway as agency pivots to spying on traditional allies like Mexico

The offer also comes as Trump and Tesla CEO Elon Musk, head of the extralegal Department of Government Efficiency, are ...

Musk: Trump ‘will succeed’ in dismantling Education Department

Elon Musk, the tech billionaire whom President Trump has tapped as the head of his new Department of Government Efficiency ...

devdiscourse6h

Elon Musk's DOGE Targets Government Efficiency in Medicare and Medicaid

Elon Musk's Department of Government Efficiency (DOGE) is investigating the Centers for Medicare and Medicaid Services (CMS) for potential fraud and waste. DOGE representatives have been granted 'read ...

Intelligencer on MSN2d

Elon Musk May Have Your Social Security Number

The billionaire and his DOGE agents were granted full access to the Treasury’s federal payments system, and nobody knows to ...

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