Meta Debuts Orion AR Glasses as Eventual Smartphone Rival
Orion glasses only a prototype, not available for sale New glasses unveiled at Meta’s annual Connect conference Meta Platforms Inc. debuted its first pair of augmented reality glasses — devices that show a combined view of the digital and physical worlds, a key step...
Meta Debuts Orion AR Glasses as Eventual Smartphone Rival
Orion glasses only a prototype, not available for sale New glasses unveiled at Meta’s annual Connect conference Meta Platforms Inc. debuted its first pair of augmented reality glasses — devices that show a combined view of the digital and physical worlds, a key step...
Hedge Funds Snap Up Chinese Equities on Stimulus Optimism
Chinese stocks saw largest daily net buying since ‘21: Goldman But, net allocations remain at lowest level in five years Hedge funds rushed to buy Chinese equities in a bet that the country’s new stimulus program can boost growth in the world’s second-largest economy....
Snap Inc. is attempting to get ahead of Meta by introducing AR Glasses that are for now, aimed at Developers only
Snap Inc. Chief Executive Officer Evan Spiegel unveiled a new version of the company’s Spectacles smart glasses Tuesday, revitalizing an effort to build an advanced augmented reality product that may one day replace or rival the smartphone. The glasses, called AR...
Meta announces $300 Quest 3S, a cheaper take on mixed reality
Quest headsets are commonly understood to be a loss leader. Analysts believe that Meta loses money with every unit sold. The strategy has been a big win for market share, as the social media giant is able to dramatically undercut competition like HTC Vive. It’s thus...
US Stock Rally Propped Up by Nvidia’s Climb: Markets Wrap
Consumer confidence reading falls most in three years Companies with China exposure get a boost from stimulus plans US stocks held onto gains buoyed by a jump in Nvidia Corp.’s shares as traders largely shrugged off a grim consumer confidence reading. The S&P 500...
US Consumer Confidence Falls Most in Three Years on Labor Views
Conference Board index dropped 6.9 points in September Labor metric fell an eighth month, longest streak since 2008 US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader...
China’s Tianqi to Keep Fighting for Say in SQM Lithium Deal
Chile’s investor-friendly reputation is at stake, CEO Ha says ‘We do not rule out pursuing any legal measures necessary’ Tianqi Lithium Corp., a key shareholder in Chilean miner SQM, will continue its battle for a say in a deal that would determine ownership of one of...
German Business Confidence Dips in Latest Recession Warning
Ifo expectations index edges down to 86.3 from 86.8; est. 86.4 Bundesbank says economy may already be in a downturn Germany’s business outlook worsened again – reinforcing fears that Europe’s biggest economy is in a recession with no quick rebound imminent. The Ifo...
Australia Pensions Step Up Private Asset Scrutiny, Stafford Says
Funds asking for more detailed information, asset manager says Regulators want more accountability, consistency: ASIC Australian pension funds are tightening scrutiny of their private assets as regulators raise more questions about disclosure and valuations, according...
Constellation CEO Says US Should Copy China to Meet AI Power Use
US needs to build data centers near power plants, CEO says Customers are asking about ‘multi-gigawatt’ data centers To meet the surging demand for electricity to run artificial intelligence, the US should emulate China, according to the head of the power company that...
Nike’s CEO Switch Underscores the Allure and Risks of Boomerang Executives
Elliott Hill was brought in as a stabilizing force but returning executives often bring headwinds Elliott Hill, the newly named chief executive officer of Nike Inc., came out of retirement last week to help the beleaguered brand regain its footing. He previously spent...
An Outsider Critiqued Meta’s Smart Glasses. Now She’s in Charge of Them
Li-Chen Miller is helping lead the social network’s push toward Zuckerberg’s augmented reality ambitions Li-Chen Miller wasn’t even a Meta Platforms Inc. employee when she started working to fix the company’s video-recording sunglasses. Miller was working at Microsoft...
Fed’s Rate Cut Sends Already-Stretched Valuations Even Higher
Stock, bond valuations above start of 14 past easing cycles Asset bets on soft landing seen vulnerable to negative news For Wall Street traders whose taste for speculation only seems to get bolder by the week, Jerome Powell’s half-point rate cut was a moment of...
