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Evan Spiegel, co-founder and CEO of Snap, during the Axios Media Trends Live event in New York, Sept. 18, 2025.Michael Nagle | Bloomberg | Getty ImagesSnap CEO Evan Spiegel is betting consumers are so tired of looking at smartphone screens that they’ll be willing to pay over $2,000 for augmented reality glasses that bring digital visuals into a user’s field of vision.”Almost 20 years since the launch of the iPhone, people are ready to think about computing differently,” Spiegel said in an interview with CNBC.On Tuesday, the Snap co-founder debuted Specs, his company’s first AR device geared toward the broader…
It comes as ex-defence secretary John Healey says the UK’s enemies “do not follow timetables set by the Treasury”. Source link
California Governor Gavin Newsom speaks during the Munich Security Conference (MSC) in Munich, Germany, February 13, 2026. Liesa Johannssen | ReutersChances that a proposed billionaire tax will appear on California’s ballot dropped from 88% to 35.5% over the last week on prediction markets platform Kalshi. The plunge arrives on the heels of reports from Politico and Bloomberg News that Gov. Gavin Newsom is pushing to stop the proposed tax from appearing on November’s ballot before a June 25 deadline. The proposal, backed by the Service Employees International Union – United Healthcare Workers West, calls for a one-time 5% tax on…
Stay informed with free updatesSimply sign up to the Russian politics myFT Digest — delivered directly to your inbox.A Russian artist who had long criticised President Vladimir Putin was shot dead in eastern Poland, prosecutors said on Tuesday, adding that two Belarusian nationals had been detained in connection with the investigation.Robert Kuzovkov, a 44-year-old painter, cartoonist and performance artist who worked under the pseudonym Semyon Skrepetsky, had recently joined protests against the Putin regime in Italy and Germany. He had lived in Poland since 2021 after leaving Russia to avoid arrest.A spokesperson for the Lublin district prosecutor’s office told reporters…
Rivian electric vehicles are parked in front of a Rivian service center on April 30, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesRivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce, as the EV maker aims to narrow losses.The layoffs affect some teams in the service and customer segments, according to a spokesperson. The company had 15,232 employees across North America and Europe at the end of last year.”We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” the company said in a…
Rivian lays off hundreds of workers, WSJ reports Source link
It has developed a new “SuperVision” ADAS that combines cameras and radar sensors, used by Porsche and Polestar, among others. On the robotaxi front, it has partnered with Volkswagen Group’s MOIA to develop a commercially available robotaxi based on the VW ID. Buzz minivan, and last year, Mobileye revealed plans to work with Lyft to deploy robotaxis in Dallas, “as soon as” this year. “This initiative is not a replacement for our existing partnerships; it is an extension of them,” said Shashua. “We remain deeply committed to enabling automakers and mobility providers with Mobileye Drive. At the same time, operating…
Fireworks during the UFC Freedom250 fight on the South Lawn of the White House in Washington, DC, US, early on Monday, June 15, 2026. Saul Loab | Bloomberg | Getty ImagesThe FBI disrupted an alleged plot targeting Sunday’s UFC cage-fight event at the White House, FBI Director Kash Patel said Tuesday. Newly unsealed court documents detailed a plan investigators said involved explosive-laden drones and shooters targeting crowds fleeing the event.Tycen Proper, a 19-year-old Ohio man, has been charged with multiple felony counts in connection with the alleged plot, including conspiracy to commit an offense against the U.S. and attempted murder…
Dny59 | E+ | Getty ImagesSocial Security’s trust funds may have a bit more runway than expected, according to new long-range projections by the Penn Wharton Budget Model, shared exclusively with CNBC.The trust fund Social Security relies on to help pay retirement benefits — Old-Age and Survivors Insurance, or OASI — may be depleted in February 2033, according to the Penn Wharton Budget Model at the University of Pennsylvania, a provider of nonpartisan estimates and analysis on the impact of public policy.In contrast, the Social Security trustees report released on June 9 projects that the fund may last through the…
Investing.com – European equities paused just off their fresh highs on Tuesday, taking a breather from a global relief rally as investors shifted their focus from geopolitical euphoria to details of the peace-deal. The pan-European index gained 0.3%, cruising just below its record peak. While regional bourses capitalized on the initial diplomatic breakthrough, the sentiment remained slightly measured on the continent as market participants grappled with the lack of concrete operational details surrounding the Middle East resolution. Germany’s rose 0.1%, while France’s gained 0.8%. Italy’s jumped 1.2%, and Spain’s rose 0.7%. In London, the gained 0.6%. The UK benchmark – which largely…