As Elon Musk’s influence expands within U.S. politics, Wall Street banks are expressing optimism about a potential resolution to the $13 billion debt linked to his acquisition of X, formerly known as Twitter. Financial institutions, including Morgan Stanley and Bank of America, are closely watching Musk’s relationship with President-elect Donald Trump, believing that this alignment […]
Big Tech Boosts AI Investments Amid Wall Street Pressure
In an unprecedented move, major technology firms like Microsoft, Meta, and Alphabet are dramatically ramping up their investments in artificial intelligence (AI) infrastructure to address the surging demand for AI capabilities. However, this ambitious strategy comes with its own set of challenges, particularly concerning the expectation of quick returns from Wall Street. During recent earnings […]