Meta to Buy Manus, an AI Startup With Chinese Roots

Meta Platforms Inc. has agreed to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots, in its effort to build a business around its massive AI investment. The deal values Manus at more than $2 billion, according to people familiar...

UK Consumers Cut Card Spending for First Time in Five Years

UK shoppers’ spending on their debit and credit cards dropped in 2025 for the first time since the pandemic, according to Barclays data that nevertheless showed people still willing to treat themselves with small luxuries and experiences. The bank said the value of...

Treasuries Volatility Set for Biggest Annual Drop Since 2009

A measure of US bond-market volatility is heading for its biggest annual decline since the wake of the financial crisis with the Federal Reserve’s interest-rate cuts dampening risks of an economic downturn. The ICE BofA MOVE Index, a gauge of expected bond-market...

Vanguard flips the script on 60/40 investment strategy

Vanguard’s new advice is for investors with a "medium-term" outlook, and it stems from growing fears about an AI bubble. Vanguard is singing a new tune for investors in 2026. It goes like this: Out with the standard portfolio mix of 60% equity and 40% fixed income,...

Dollar Caps Worst Week Since June With Focus on Data Ahead

A Bloomberg gauge of the dollar posted its worst week since June as traders looked to data due early next month to confirm expectations for further Federal Reserve interest-rate cuts in 2026. With trading subdued because of holidays this week and markets in the UK...

Brutal Year for Stock Picking Spurs Trillion-Dollar Fund Exodus

The last thing a diversified fund manager wants is to run a portfolio dominated by just seven technology companies — all American, all megacap, clustered in the same corner of the economy. Yet as the S&P 500 pushed to fresh records this week, investors were again...

Fed Data Show December Surge in 10-Year Treasury Delivery Fails

Delivery fails involving 10-year Treasury notes surged to the highest level in eight years this month, a result of the Federal Reserve’s move to shrink its bond portfolio since 2022. Trades involving the most recently issued 10-year note that failed to settle on...

Waymo to Update Software Across Fleet After Major Power Failure

Alphabet Inc.’s Waymo said it would strengthen its automated software to better handle power outages after its self-driving taxis froze and caused traffic jams during a major electricity failure last weekend in San Francisco. The Waymo Driver system is programmed to...

US Consumer Confidence Drops for Fifth Straight Month

US consumer confidence declined in December for a fifth consecutive month on more pessimistic views of the labor market and business conditions. The Conference Board’s gauge decreased to 89.1 from 92.9 last month, data out Tuesday showed. The falling streak is now...

Waymos Froze, Blocked Traffic During San Francisco Power Outage

Waymo’s driverless ride services were a high-profile victim of a power outage that affected large swaths of San Francisco, with cars freezing mid-ride across the city and disrupting traffic. After traffic lights went dark at major intersections Saturday, social media...