Author: Daniel snow

Meta, EssilorLuxottica unveil Oakley smart glasses

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Meta CEO Mark Zuckerberg presents Orion AR Glasses as he makes a keynote speech during the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024.Manuel Orbegozo | ReutersMeta and EssilorLuxottica on Friday unveiled a new line of Oakley smart glasses that include the social media company’s artificial intelligence assistant. The Oakley Meta HSTN, as the glasses are known, is the latest product borne from a multiyear partnership between the two companies. The HSTN smart glasses – which are pronounced how-stun – are pitched toward athletes and have a starting price of $399. The glasses represent…

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Fed Governor Waller says central bank could cut rates as early as July

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Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024.Brendan Mcdermid | ReutersFederal Reserve Governor Christopher Waller said Friday that he doesn’t expect tariffs to boost inflation significantly so policymakers should be looking to lower interest rates as early as next month.In a CNBC interview, the central banker said he and his colleagues should move slowly but start to ease as inflation is now longer a major economic threat.”I think we’re in the position that we could do this and as early as July,” Waller said during a “Squawk Box”…

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Europe, Iran to hold talks as Trump sets two-week deadline for U.S. strikes decision

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KANANASKIS, ALBERTA – JUNE 16: U.S. President Donald Trump walks out to talk to reporters at the G7 Leaders’ Summit on June 16, 2025 in Kananaskis, Alberta. Chip Somodevilla | Getty Images News | Getty ImagesTop U.K., France and Germany diplomats are pushing for eleventh-hour diplomacy with Iran in Geneva on Friday, as Washington weighs the possibility of joining Israel’s military campaign against Tehran over the next two weeks.Iran and Israel have been trading fire for the past week, in the latest climax of tensions that have been simmering since the Tehran-backed Hamas’ terrorist attack against the Jewish state in…

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Japan more prepared than most for China’s mineral squeeze

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Bulldozer scoop soil containing various rare earth to be loaded on to a ship at a port in Lianyungang, east China’s Jiangsu province on September 5, 2010, for export to Japan.Str | Afp | Getty ImagesJapan has been quietly blazing a trail for supply chain resilience.Long before China in early April imposed an export ban on several rare earth elements and magnets widely used in the automotive, robotics and defense sectors, Japan became something of a canary in the coal mine for Beijing’s mineral dominance.The East Asian country was thrust into panic mode in 2010 when China implemented an export…

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Tax breaks for tech giants’ data centers mean less income for states

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In 2019, the Indiana legislature passed a bill that would offer eligible data centers significant sales tax exemptions. The legislation said facilities packed with state-of-the-art servers could avoid the state’s 7% tax when purchasing equipment and power. The measure was a boon for large tech companies that have been rapidly building out data centers and was heavily backed by a trade association representing the industry. Similar tax incentives have been passed elsewhere. Today nearly all states that have sales taxes offer data centers exemptions on computers, wires, air-conditioning units and, in some cases, even the energy required to keep it all running.Demand…

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