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xCruzo Brief
A busy global markets wrap highlighted major corporate moves and shifting investor sentiment. Microsoft said it plans to invest more than $10 billion by 2030 across the UAE, Saudi Arabia, Qatar, and Kuwait, targeting cloud and AI infrastructure. Meta announced an audio-only Ray-Ban Meta line and next-generation Gen 3 smartglasses featuring AI agent Muse with EssilorLuxottica. Amazon plans $3 billion by 2030 to expand quick commerce in India. In consumer stocks, McDonald’s shares fell sharply after Wall Street reacted negatively to its 2030 plan, while Cracker Barrel beat FY2027 forecasts. MGM Resorts dropped 9% after People Inc withdrew its more-than-$18 billion bid.
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