Meta introduces two Muse Wonder models in push against AI rivals
Muse Wonder will soon power Meta’s personal AI agent for subscribers, while Muse Wonder Full is available through its coding tool.
Globe And Street: global business and finance news
IPO & Deals
Bumble discusses going private with Ithaca at roughly $1 billion valuation
Shares rose around 50% to $3.81 after the reported negotiations, compared with a market value of roughly $389 million at the previous close.
Tech
Meta launches Muse Wonder and Wonder Full in frontier AI push
Wonder will be offered through Meta’s API, while Wonder Full will be restricted to Muse Code subscribers. Both models will power the Muse agent.
- WorldEU-China agreement limits hybrid car exports and eases rare earths licensing
- MarketsAsian shares start cautiously ahead of earnings as oil falls
- Economy & PolicyIMF chief says AI spending supports global growth around 3%
- CompaniesLVMH sales growth misses expectations as fashion division declines
- IPO & DealsBumble discusses going private with Ithaca at roughly $1 billion valuation
- Energy & CommoditiesPetra Power eyes 2028 fuel-cell rollout for data centers
- Crypto & Digital AssetsFrench lawmakers back crypto exit tax, but budget hurdle remains
- FinanceSEC proposes restoring most fixed-income cross trades for registered funds
- TechMeta introduces two Muse Wonder models in push against AI rivals
EU-China agreement limits hybrid car exports and eases rare earths licensing
The deal allows 350,000 Chinese hybrid cars into the EU annually under quotas, as officials question whether concessions will slow work on stronger trade defenses.
Asian shares start cautiously ahead of earnings as oil falls
South Korean stocks fell 1.1%, while U.S. equity futures rose ahead of bank earnings. Brent crude slipped to $103.50 a barrel.
IMF chief says AI spending supports global growth around 3%
Kristalina Georgieva said Asian economies supplying AI hardware are benefiting, while officials highlighted risks to jobs and uneven growth.
LVMH sales growth misses expectations as fashion division declines
The luxury group's fashion and leather goods business recorded a 5% decline in organic sales, steeper than the 1.8% drop analysts expected.
Former Plaud executive’s Ambi raises $26 million for AI assistant
The startup is releasing apps for iPhones, Macs and Apple Watch that can capture conversations and offer suggestions during meetings.
Petra Power eyes 2028 fuel-cell rollout for data centers
The company has received Defense Department contracts worth nearly $9 million, but its vehicle power systems remain in testing.
French lawmakers back crypto exit tax, but budget hurdle remains
Committee proposals would cover crypto holdings above €800,000 and require disclosure of some self-custody wallets. They must be resubmitted after a budget vote.
SEC proposes restoring most fixed-income cross trades for registered funds
The proposal would revise pricing and oversight requirements and add aggregate reporting of trading activity.
WindBorne lands Air Force weather-data contract worth up to $49 million
The Air Force has ordered $1.7 million in data so far, with further purchases dependent on its needs rather than a commitment to the full contract value.