Tag: business news daily

Why Meta is slashing prices for its VR headsets

META’s VR headsets are getting a big, but inevitable, price cut because consumers aren’t buying as much as expected.

The company today declared It drops the prices of its still-new Meta Quest Pro from $1,499.99 to $999.99, while its Meta Quest 2 drops from $499.99 to $429.99. That’s roughly a 33% drop when MetaQuest Pro was introduced to businesses — and that’s a significant drop from the fanfare it launched with support from Microsoft ( MSFT ) and Accenture ( ACN ). )

Declining consumer interest isn’t a meta-specific problem — the VR market, the games industry at large, saw

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No more clumpy lip gloss: How TikTok’s ‘deinfluencing’ trend became a marketing tactic

Just a few weeks ago, Lauren Rutherglen’s 10,000 TikTok followers would have expected advice on what beauty products to buy.

But as she rummaged through the creamy Glossier eyeshadows, Ilia serums and Charlotte Tilbury liquid bronzers in her drawer, the Calgary-based content creator was reminded of the expensive but disappointing products that the Internet had convinced her she needed.

So she made a “deinfluencing” video — a TikTok-coined term that describes the rejection of viral, cult-favorite beauty or lifestyle products (typically associated with cultural influencers) in favor of more affordable choices.

“I just wanted to share my opinion on things

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New AI voice-cloning tools ‘add fuel’ to misinformation fire – Business News

In a video from a Jan. 25 news report, President Joe Biden

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Asian Shares Advance As Investors Await US Inflation Data

Asian stocks rose on Tuesday, the dollar slipped, and Treasury bond yields remained pressured as investors remained convinced that key US inflation data due later in the day would show an easing in price pressures on an annual basis.

Gold edged higher in Asian trading on dollar weakness while oil prices dropped around 1 percent after the US government announced it would release more crude from its Strategic Petroleum Reserve (SPR) at a time when US crude markets are flush with supply.

Chinese shares eked out modest gains after reports that US Secretary of State Antony Blinken is considering meeting

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Toronto home sales forecast to fall to levels not seen in two decades

TREB also predicts prices will rise this year, but will still be lower than in 2022

A real estate sign outside a home in Toronto.
A real estate sign outside a home in Toronto. Photo by Peter J. Thompson/National Post

Home sales in the Greater Toronto Area (GTA) will decline to their lowest level since 2001 this year despite a rebound in the second half, according to annual forecast from the Toronto Regional Real Estate Board (TRREB).

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Which brand of car is most reliable? These are the most dependable vehicles on the market

Looking for a dependable vehicle? Kia, Buick and Chevrolet are some of your best non-premium batches, according to a new report from JD Power.

The analytics company’s annual vehicle dependability study found 186 problems per 100 vehicles on average, a slight improvement from last year’s score of 192.

A year-over-year improvement is expected as manufacturers learn from past mistakes, according to Frank Hanley, senior director of auto benchmarking at JD Power.

“This means as many consumers are keeping their vehicles for a longer period of time they can expect less issues than they have in the past,” he told USA

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‘Is it actual weed?’ First weekend of recreational pot sales open in Missouri to joy and exuberance.

st. LOUIS — Steve Campbell was ready with a joke.

Campbell was the first person at the Good Day Farm marijuana dispensary in the Central West End on the first day recreational-use marijuana was sold in Missouri.

He walked through the door to applause from the staff. But Campbell, 67, had a confused look on his face. “This isn’t St. Louis Bread Co.?” he asked.

“I did not believe this day would ever come,” Campbell said later. “I went back a long way, when it was very illegal and very scary, and people went to jail for a couple of

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Fed lifts rate by quarter-point and signals more hikes ahead

The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes.

Though smaller than its previous hike — and even larger rate increases before that — the Fed’s latest move will likely further raise the costs of many consumer and business loans and the risk of a recession.

In a statement, Fed officials repeated the language they have used since March that says, “ongoing increases in the (interest

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