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Meta shares rise after an earnings beat and excitement around its new Muse AI agent, even as the company burns cash and plans a new share sale. Tesla falls after cutting spending and lowering long-term sales ambitions, adding to questions about a possible merger with SpaceX. Oil prices climb after fresh attacks in Saudi Arabia and a lack of diplomatic progress in both the Middle East and Ukraine. And French borrowing costs hit their highest since 2002 as investors brace for a potential credit-rating downgrade.
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Today’s recommended read: Surging sterling shakes off Britain's budget blues by Mike Dolan
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📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here.
Today’s recommended read: Surging sterling shakes off Britain's budget blues by Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter and check out his columns on Reuters Open Interest.
Produced by Abisoye Osundairo.
Sound engineering and music by Sebastian and Josh Sommer.
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices