E-Learning

Wall Street banks prepare to sell up to $3 billion in X loans next week, sources say

NEW YORK (Reuters) -Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said. Banks expect to get 90 to 95 cents on the dollar, according to the Wall Street Journal, which first reported preparations for the sale.

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Middleby (MIDD) Stock Trades Up, Here Is Why

Shares of kitchen product manufacturer Middleby (NYSE:MIDD) jumped 15.1% in the afternoon session after The Wall Street Journal reported that activist Garden Investments built a ~5% stake in the company and plans to push for changes. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.

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Verizon outperforms earnings expectations — and the stock climbs

This story incorporates reporting fromBenzinga.com, Barron’s on MSN.com and MarketWatch on MSN.com.Verizon’s stock price rose following the release of their latest earnings report, which outperformed analysts’ expectations. The company’s Q4 results showed a notable increase in mobile and broadband subscriptions, with postpaid phone net additions reaching 568,000, up from 449,000 the previous year. Additionally, total broadband net additions hit 408,000, compared to 350,000 a year earlier.

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