12:43

Musk’s political rise sparks of debt recovery hopes for X

Wall Street banks are hopeful they can soon sell off $13 billion of debt tied to Elon Musk's social media platform X. They now believe that Musk's close relationship with President-Elect Donald Trump could improve X's prospects, allowing them to sell the debt without large losses.

15:42

Trump names Elon Musk to lead government efficiency drive

U.S. President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new Department of Government Efficiency. Tasked with cutting bureaucracy and regulations, the informal roles aim to restructure federal agencies, potentially boosting Musk's influence and business interests.

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