Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Topics

311-year-old violin sells for over $11 million at auction

The sale of a one-of-a-kind violin has sold for $11.3 million during an auction at Sotheby's in New York. The money will finance student scholarships at Boston's New England Conservatory, the ...
CBS News - 4h
Trump targets a Wall Street tax break also in Democrats' crosshairs

The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge funds and other big investors.
CBS News - 7h
Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'

President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.
CNBC - 8h
Frontier Air’s stock rallies as its rosier outlook, new routes wow Wall Street

Frontier plans an expansion to cities such as Reno, Nev.; and Tuscan, Ariz.
MarketWatch - 8h
Expedia’s stock rallies 17% as Wall Street cheers the return of its dividend

For the first time since the COVID-19 pandemic, Expedia will pay out a quarterly dividend of 40 cents a share.
MarketWatch - 8h
A 311-Year-Old Stradivarius Violin Sells for $11.25 Million at Sotheby’s

The money from the sale of the violin, which was once owned by the 19th-century virtuoso Joseph Joachim, will benefit a scholarship program at the New England Conservatory.
The New York Times - 9h
Lawmakers question Musk’s ‘infiltration’ into Education Dept. and student loan borrower data

Senators expressed concern that Elon Musk's DOGE had "infiltrated" the U.S. Department of Education and possibly gained access to federal student loan data.
CNBC - 11h
Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.
The New York Times - 16h
Elon Musk’s X Becomes Weapon in Government Cost Cutting

The billionaire has used the social media site to boast of victories, lash out at enemies and conduct polls for the initiative he calls the Department of Government Efficiency.
The New York Times - 3d

More from The Wall Street Journal

Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.
The Wall Street Journal - Jan. 24
Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
The Wall Street Journal - Jan. 24
Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.
The Wall Street Journal - Jan. 24
Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to ...
The Wall Street Journal - Jan. 24
Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to ...
The Wall Street Journal - Jan. 24