The AR/VR Battle Has Only Started We have previously covered Meta (NASDAQ:META) in May 2023, discussing its exemplary FQ1’23 double beats and excellent FY2023 guidance. Combined with the return of advertising dollars once the macroeconomic outlook normalizes, its projected NTM EV/ EBIT of 9.42x does not seem expensive then. For…

Joe Biden returned to the campaign trail on Saturday for a rally with union members in Philadelphia, Pennsylvania, in the first major political event for the US president since he announced his re-election bid in April. Biden, who grew up in Scranton, Pennsylvania, received a warm welcome from the crowd.…

A Trump-appointed judge in Indiana has blocked parts of a state law banning gender-affirming care for transgender youth from going into effect next month. The law, known as SEA 480, which Indiana’s Republican-controlled legislature passed earlier this year, prohibits physicians from providing minors with treatments such as puberty blocking medication,…

Leveraged loan defaults are heading for the third-worst year in history as Federal Reserve interest rate hikes take a toll, according to Goldman Sachs. The volume of defaults by riskier companies in the bulging leveraged loan market has risen in June, bringing the total amount of soured debt in the…

Gold futures ended lower on Friday as a much stronger-than-expected U.S. May employment report suggested that the Federal Reserve will need to do more to tame inflation. Prices for the metal, however, held onto a gain of more than 1% for the week on the heels of three consecutive weekly…

As a good portion of the U.S. battles with poor air quality due to smoke from Canadian wildfires, many people are looking to purchase an air purifier. Google searches related to the subject, such as “where to buy air purifiers” and “air purifier pick up today,” spiked by more than…

To avoid spending more than a third of their income on rent, tenants paying average prices in 11 major U.S. markets would need to earn six figures, according to a recent analysis from university researchers. In fact, the average renter in the U.S. overall would have to make almost $81,000…

2/2 © Reuters. A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid 2/2 (Reuters) -BlackRock, the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund…

(Reuters) -The U.S. Department of Defense (DoD) has entered into a $15 million agreement with the U.S. unit of Australian miner Jervois Global Ltd to conduct feasibility studies on expanding cobalt extraction in Idaho, to decrease reliance on overseas mineral sources. The agreement will enable Jervois Mining USA to undertake…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro hit a 15-year peak against the yen and a five-week high against the dollar on Thursday after the European Central Bank raised interest rates for the eighth straight time and signaled further tightening to bring euro zone inflation to its medium-term…