Wall Street major firms are intensifying the sales of debts related to X, with the sweetener being a $6 billion equity stake in Musk's AI company.

Wall Street Banks are only a step away from unloading X-related debt, as they have dangled a sweet deal in front of potential buyers: the equity of this Social Media company in Elon Musk's AI enterprise. A banking syndicate led by Morgan Stanley is preparing to sell up to $3 billion to support Musk's 2022 acquisition of X's priority secured debt. Sources say that X's valuation has been boosted by approximately $6 billion in previously undisclosed xAI CORP equity. xAI is Musk's AI startup. Potential investors have been informed that they will have the right to request X's equity in that entity. This

Global market report.04:16

Express News | Elon Musk's social media platform X Corp (formerly Twitter), which he controls, holds approximately $6 billion in shares of Musk's xAI Corp. This means that the potential sale of up to $3 billion in debt for X Corp, led by Morgan Stanley and other major W

Breakings01:49

BNP Paribas is reportedly planning to increase investment bankers' bonuses by about 5%.

BNP Paribas plans to increase bonuses for investment bankers, with the stocks trading and debt Capital Markets departments likely to benefit the most due to strong business performance. According to informed sources, the French bank is considering raising the total variable compensation for the department by about 5%. The sources, who requested anonymity due to the sensitive nature of the discussions, stated that the final decision has not yet been made and the figures may still change. A spokesperson for BNP Paribas declined to comment. This increase would fall short of the double-digit growth expected by major Wall Street firms. Informed sources indicated that Bank of America is expected to raise its variable compensation by around 10%, while the increases for Morgan Stanley and JPMorgan are expected to be larger.

Global market report.01:40

Shares of Companies Within the Banking and Financial Sector Are Trading Lower Amid Overall Market Weakness as Investors React to Developments Regarding Advancements in Chinese Artificial Intelligence. Additionally, Investors Could Be Assessing the...

BenzingaJan 27 23:54

Citigroup: Trump cannot reverse the process of Energy transition; the power of the economy will prevail.

Citigroup Analyst believes that USA President Donald Trump's policies will not impede the current pace of transitioning away from high-carbon Energy. Citigroup ESG Analyst Anita McBain and others wrote in a report that despite the Trump administration's determination to repeal the climate policies of the Biden era, there remains optimism that the Energy transition will succeed. They stated that today's Energy transition is more advanced than during Trump's first term, with the desire to produce cheap and safe Electrical Utilities aligning with the "Asia Vets, technological innovation, policy support, and economically viable solutions" provided by green energy. This comes just hours after Trump took office on January 20.

Global market broadcast.Jan 27 23:35

Citi's Ida Liu to Exit as Private Bank Is Overhauled -- Barrons.com

Barron'sJan 27 23:10