Meta Shares Rally on Muse Success, Shopify Deal
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What financial wellness tips does Baird Private Wealth share at the start of the brief?
I'm Laura Thoreau with Baird Private Wealth Management. You've been doing all the right things: saving, investing, building toward your goals. Healthcare can be a major expense today, and an even greater one over time.
How is Meta’s new Muse AI assistant driving a pre‑market rally and what does the Shopify partnership mean for shoppers?
Tools like long-term care insurance or a smart health savings account strategy can help protect what you've worked so hard to build. Learn more at Bairdwealth dot com slash WSJ guidebook.
Here is your morning brief for Tuesday, September twenty second. I'm Luke Vargas for the Wall Street Journal. Meta's shares are gaining pre-market, adding to yesterday's 11% surge after announcing a deal that'll let its Muse AI assistant complete purchases on behalf of users at stores that are partnered with Shopify.
Why is Alibaba’s latest AI chip considered three times faster and how is it impacting Asian tech stocks?
Meta released Muse, which is equipped to handle tasks like booking doctor's appointments and managing finances just two weeks ago. And according to SensorTower, it's since rocketed to the top. Free spot on Apple's App Store surpassing ChatGPT. Meta shares are up roughly 35% over the last month. Alibaba has unveiled its most powerful AI chip yet, as it pushes to control both the hardware and software driving its AI ambitions.
What are President Trump’s plans at the UN General Assembly and how could they affect Middle‑East peace talks and oil prices?
According to the company, the new chip's increased memory and bandwidth make it three times faster than the version released just four months ago. Following the news, Alibaba's Hong Kong listed shares jumped over 5% during Tuesday trading, fueling an earlier rally in Asian tech stocks. And all eyes are on President Trump today as he prepares to address the UN General Assembly later this morning. We report that Trump is expected to meet with a number of Middle East leaders during his stay in New York, and that Qatari officials are hoping to use the UN gathering to discuss the possibility of resuming peace talks, something that analysts have said could reverse a recent rise in oil prices. Brent Crude is hovering around $100 a barrel today while stock markets.
How could the proposed Durban‑Marshall credit‑card mandates affect small businesses and consumers?
Markets are also in a holding pattern, with investors waiting for signs of any change to the status quo in the Strait of Hormoes. And we've got a lot more coverage of the day's news on the WSJ's What's News podcast. Listen and subscribe wherever you get your podcasts.
Corporate megastores are spending millions lobbying DC politicians on one-sided policies that send small businesses tumbling. They want to enact harmful credit card mandates that take resources away from your local credit union and community bank, leaving Main Street businesses with less access to credit, making it harder for your family to pay for everyday goods like gas and groceries. Tell Congress to guard your card and oppose the Durban Marshall Credit Card Mandates. Paid for by the Electronic Payments Coalition.
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Chapters
5 chapters
1
What financial wellness tips does Baird Private Wealth share at the start of the brief?
0:00–0:15
2
How is Meta’s new Muse AI assistant driving a pre‑market rally and what does the Shopify partnership mean for shoppers?
0:15–0:52
3
Why is Alibaba’s latest AI chip considered three times faster and how is it impacting Asian tech stocks?
0:52–1:22
4
What are President Trump’s plans at the UN General Assembly and how could they affect Middle‑East peace talks and oil prices?
1:22–2:04
5
How could the proposed Durban‑Marshall credit‑card mandates affect small businesses and consumers?
2:04–2:49