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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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01.07.25 - 19:21
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KBRA Assigns Preliminary Ratings to CENT 2025-CITY (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA announces the assignment of preliminary ratings to three classes of CENT 2025-CITY, a CMBS single-borrower securitization.
The collateral for the transaction is $925.0 million non-recourse, first lien mortgage loan that is expected to be originated by Bank of America, N.A. (BANA), Goldman Sachs Bank USA (GS Bank), German American Capital Corporation (GACC), Morgan Stanley Bank, N.A. (MSBNA), and Santander Bank, N.A. (SBNA) on or about July 3, 2025. The fixed rate loan is expected to have five-year term and requires monthly interest-only payments that are based on an assumed coupon of 6.00%. The loan is secured by the borrower's fee simple interest in Westfield Century City, a 1.4 million sf super-regional mall located in Century City neighborhood of Los Angeles, California, of which 1.0 million sf serves as collateral of the subject loan. As of June 2025, the space serving as collateral for the loan was 95.6% leased to over 200 unique tenants.
KBRA's ...
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