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03.07.25 - 22:54
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US House Passage of Tax Bill | The Close 7/3/2025 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Claudia Sahm New Century Advisors, Kevin Gordon Charles Schwab, Patrick De Haan Gasbuddy, Kathy Entwistle Morgan Stanley, Liz Ann Sonders, Charles Schwab, Debbie Dyson Oneten, Michael Balboni NY Former Director of Homeland Security, Brian Kelly The Points Guy, and Scott Bessent US Treasury Secretary. (Source: Bloomberg)...
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01.07.25 - 22:39
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Morgan Stanley Announces 7.5 Cents Dividend Increase and Authorization of a Renewed $20 Billion Multi-Year Common Equity Share Repurchase Program (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) announced that it will increase its quarterly common stock dividend to $1.00 per share from the current $0.925 per share, beginning with the common stock dividend expected to be declared by the Firm's Board of Directors in the third quarter of 2025.
In addition, the Firm's Board of Directors reauthorized a multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2025. The share repurchases will be exercised from time to time at prices the Firm deems appropriate, subject to various considerations, including current market conditions, the Firm's capital position and future economic and earnings outlook.
Ted Pick, Chairman and Chief Executive Officer of Morgan Stanley, said, “Our improved stress test results reflect the strength and durability of our franchise. We have a scaled and global business that drives the Firm's financial strength, generating durable returns and s...
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01.07.25 - 21:57
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Elon Musk′s xAI Raises $10B As Trump Threatens To Unleash DOGE On Him (ZeroHedge)
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Elon Musk's xAI Raises $10B As Trump Threatens To Unleash DOGE On Him
Authored by Amin Haqshanas via CoinTelegraph.com,
Elon Musk's artificial intelligence firm xAI secured $10 billion in fresh capital, doubling down on its challenge to OpenAI as the race to dominate the AI landscape intensifies. The funds were evenly split between secured debt and strategic equity investments.
The influx gives xAI more resources to expand its Memphis-based Colossus supercomputer and train its Grok chatbot, CNBC reported Tuesday, citing Morgan Stanley.
The funding round was reportedly oversubscribed, with major investors vying for stakes in Musk's AI vision.
Musk's AI push comes as American rivals race ahead. OpenAI closed a $40 billion raise earlier this year at a staggering $300 billion valuation, while Anthropic secured fresh backing that pushed its value beyond $60 billion.
In March, Musk sold his social media platform X to xAI, integrating Grok directly into the platform. The deal valued xAI at ...
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