Microsoft unveils Surface AI laptop starting at $2,600
A new RTX Spark-powered workstation starts at $6,000, while Microsoft plans to bring its AI-agent sandboxing feature to all Windows 11 users.
Globe And Street: global business and finance news
IPO & Deals
Nous Research valued at $1.5 billion in $90 million funding round
The AI startup is expanding into enterprise services with Hermes for Businesses, an offering for customized agents that handle multistep workflows.
World
EU seeks Chinese import quotas as trade chief travels to Beijing
Two days of talks come as the EU’s daily trade deficit with China reaches a record €1 billion and an October deadline for progress nears.
- WorldEU seeks Chinese import quotas as trade chief travels to Beijing
- MarketsStocks retreat as euro weakens and French bond risk premium rises
- Economy & PolicyIndia lifts policy rate to 5.50% in first increase since 2023
- CompaniesMarvell increases fiscal 2028 sales forecast to about $20 billion
- IPO & DealsNous Research valued at $1.5 billion in $90 million funding round
- Energy & CommoditiesBlack Hills plans $1.8 billion power expansion for Google data center
- Crypto & Digital AssetsFinCEN abandons proposed reporting requirements for private crypto wallets
- Finance
- TechMicrosoft unveils Surface AI laptop starting at $2,600
Stocks retreat as euro weakens and French bond risk premium rises
Brent crude remained near $100 per barrel amid Middle East tensions, while the benchmark U.S. Treasury yield climbed to 5.29%.
India lifts policy rate to 5.50% in first increase since 2023
The six-member policy panel voted unanimously for a 25-basis-point increase as inflation exceeded its target and the rupee faced pressure.
Marvell increases fiscal 2028 sales forecast to about $20 billion
Its fiscal 2031 revenue projection of $70 billion to $90 billion also exceeded analyst expectations at the midpoint.
Gigamon owners explore sale that could value software firm above $2 billion
Elliott Investment Management and Siris have enlisted advisers, but discussions over a potential transaction remain preliminary.
Black Hills plans $1.8 billion power expansion for Google data center
Google will cover electricity supply costs for the proposed Wyoming facility, while Black Hills expects about $150 million in additional net income by 2030.
FinCEN abandons proposed reporting requirements for private crypto wallets
The agency also withdrew a separate proposal covering crypto mixers. Neither measure had taken effect.
FCC plans vote on spectrum auction to expand satellite-to-phone services
The October 29 agenda includes proposed changes to direct-to-device regulations and final rules allowing drones to use the 800 MHz cellular band.