Meta Unveils $1,299 VR Glasses Set for 2027 Launch at Connect 2026 Event

Meta has announced its lightweight VR glasses, Project Phoenix, priced at $1,299.99, set to launch in spring 2027. The device emphasizes media consumption and social interactions over gaming.

Read story

Latest

Derivatives · 2 weeks ago Bitcoin Experiences Largest Deleveraging Event of 2023 as Traders Re-enter Market Bitcoin's futures market has undergone its sharpest deleveraging phase since 2023, with significant liquidations prompting traders to quickly re-enter, pushing open interest back above the 180-day average. Markets · 2 weeks ago Supreme Court Rules for Advertising Discounts for Party Committees in Midterms The Supreme Court has ruled that party committees can access advertising discounts for midterm elections, a significant change from previous regulations. Macro · 2 weeks ago Japanese Yen Surges to Five-Month High Following Record Government Intervention The Japanese yen has reached its highest value against the US dollar in five months due to unprecedented government intervention, reversing a significant decline earlier this summer. Markets · 2 weeks ago CZ Predicts Bitcoin Could Surpass Gold in Value During Next Market Cycle Changpeng Zhao, founder of Binance, suggests that Bitcoin may overtake gold as a reserve asset in the next market cycle, contingent on its adoption by nations. Macro · 2 weeks ago Qatar Mediates US-Iran Tensions Amid Ongoing Negotiations Over Strait of Hormuz A Qatari delegation visited Iran to mediate tensions with the US, coinciding with Iran's final-stage talks with Oman regarding the Strait of Hormuz. Macro · 2 weeks ago European Central Bank Prepares for Second Rate Hike Amid Persistent Inflation The European Central Bank is set to raise interest rates again in September 2026 as inflation remains above target, driven by high energy costs. Markets · 2 weeks ago Chinese Manufacturers Launch Affordable Humanoid Robots for Developers and Educators Chinese companies are introducing humanoid robots priced under $6,000, making them accessible for developers and researchers. This shift could reshape the robotics landscape and stimulate demand in various sectors. Macro · 2 weeks ago Australia's Data Center Boom: Impacts on Inflation and Energy Demand The rapid expansion of data centers in Australia is reshaping monetary policy and energy demands, with significant implications for inflation and construction resources. Macro · 2 weeks ago U.S. Diesel Prices Surge to Record Highs Amid Supply Constraints Diesel prices in the U.S. have reached unprecedented levels, with the national average hitting $5.88 per gallon, driven by supply shortages linked to geopolitical tensions. Macro · 2 weeks ago US Jobs Surge and UK Hiring Rebound Raise Fed Rate Hike Expectations A stronger-than-expected US jobs report and a rebound in UK hiring have increased expectations for a Federal Reserve interest rate hike this September. Funding · 2 weeks ago Goldman Sachs Raises KOSPI Target to 12,000 Amid AI Demand Surge Goldman Sachs has increased its KOSPI target to 12,000, indicating a potential 80% upside, driven by strong AI-related earnings growth projections for South Korean tech firms. Macro · 2 weeks ago Japan Sells $73.4 Billion in Foreign Securities Amid Yen Defense Efforts Japan's Ministry of Finance has sold a record $73.4 billion in foreign securities, including US Treasuries, to defend the yen amid its decline against the dollar.