Monthly Archives: September 2022

Mark Zuckerberg reveals when Project Cambria will replace the Oculus Quest 2

The wait for Meta’s next VR headset is almost over, with Meta CEO Mark Zuckerberg confirming that it’s arriving in October during an appearance on the Joe Rogan Experience. While Zuckerberg doesn’t specifically call the headset out by name, it’s almost certainly Project Cambria – the long-awaited follow-up to Meta’s Oculus Quest 2. When Cambria…

Europe’s 2nd-biggest airline plans to hire 20,000 new workers as the aviation industry battles pandemic staff shortages

An Airbus A380 operated by Lufthansa. Silas Stein/picture alliance via Getty Images. Lufthansa CEO said the airline wants to hire 20,000 employees by the end of next year. Lufthansa told Insider most of the roles will be in areas such as crew, catering, and ground staff. Airlines have grappled with huge staffing shortages as travel…

Europe is eyeing a price cap on Russian natural gas imports as Moscow threatens to keep energy supplies squeezed

The EU gets about 45% of its gas imports from Russia. AP The EU’s energy agency is calling for a wholesale price cap on Russia’s gas supplies, as power costs soar. It would limit prices EU-wide for Russian gas, which could be cut off if sanctions aren’t lifted. European prices for natural gas have risen…

Snap employees describe shock following mass layoffs and project cuts

Welcome back, readers! I hope you’ve had a restful long weekend. Back in New York City, I’m your host, Jordan Parker Erb. I returned to the muggy city on Sunday, miraculously avoiding the “flightmare” that’s been plaguing airports nationwide.  Today, we’re taking an inside look at what’s going on at Snap, where CEO Evan Spiegel…

The US economy looks increasingly like it can avoid recession despite the Fed’s rate hikes, Goldman Sachs says

The US economy is slowing as the Fed raises interest rates. MediaNews Group/Orange County Register via Getty Images Goldman Sachs said it’s seeing encouraging signs that the Fed can pull off a soft landing for the US economy. The Fed has hiked rates hard since March to tackle inflation, raising fears that the US will…

Billionaire David Rubenstein explains why he admires Warren Buffett – and lays out the traits shared by the world’s best investors

Warren Buffett. AP Images Warren Buffett’s intellect, focus, and passion for investing are admirable, David Rubenstein said. The Carlyle Group cofounder interviewed several of the world’s elite investors for his upcoming book. The billionaire investor found them to be surprisingly humble, contrarian thinkers, and workaholics. David Rubenstein admires Warren Buffett’s intellect, focus, and love of…

Legal experts raise doubts about a judge’s ruling over FBI’s investigation into Trump’s Mar-a-Lago documents

Mar-A-Lago is seen August 16, 2022 a week after the FBI raided the home of former President Trump, in Palm Beach, Florida, United States . Nathan Posner/Anadolu Agency via Getty Images A federal judge ruled a special master should be appointed to review the Mar-a-Lago documents.  Experts questioned the decision, particularly the view Trump might…