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Recycling Facility
recycling infrastructure upgrade

Wall Street Is Finding Treasure in America’s Trash Thanks To AI and Automation

Waste management companies are leveraging AI and automation for more efficient recycling operations, driving industry growth and profitability.

Chicken Tenders
chicken war

With Tenders on 40% of Menus, The “Chicken Wars” Are Officially Here

Robotaxis Are Turning Into an Infrastructure Race and Uber Is Building the Track
Robotaxi

Robotaxis Are Turning Into an Infrastructure Race and Uber Is Building the Track

G7 Summit: The Three Biggest Decisions That Could Shape Markets in the Months Ahead
g7 summit

G7 Summit: The Three Biggest Decisions That Could Shape Markets in the Months Ahead

Rackspace Is One of This Year's Biggest Turnaround Stories. Can It Keep Delivering?
rackspace technology

Rackspace Is One of This Year's Biggest Turnaround Stories. Can It Keep Delivering?

Federal Reserve Holds Rates at 3.5% to 3.75%. Half of FOMC Members Still Expect Another Hike
Federal Reserve

Federal Reserve Holds Rates at 3.5% to 3.75%. Half of FOMC Members Still Expect Another Hike

revenue

CarMax Revenue Climbs Amidst CEO's Digital Overhaul Plans

CarMax beat revenue estimates but faced profit and digital strategy challenges in its fiscal first quarter. CEO Keith Barr detailed turnaround plans.

CarMax Revenue Climbs Amidst CEO's Digital Overhaul Plans
Jabil Is Emerging as One of AI Infrastructure's Biggest Winners. The Market May Still Be Catching Up
AI Infrastructure

Jabil Is Emerging as One of AI Infrastructure's Biggest Winners. The Market May Still Be Catching Up

Meet the FAB 10: AI's New Frontier Beyond the Mag 7
FAB 10

Meet the FAB 10: AI's New Frontier Beyond the Mag 7

small cap stock

Small-Caps Rally as Iran Deal Fuels Market Rotation

Small-cap stocks are experiencing a market shift as a US-Iran peace deal lowers oil prices and geopolitical risks, creating a favorable environment for these equities.

Small-Caps Rally as Iran Deal Fuels Market Rotation
Real Estate
Real Estate

The Race To Capture Homebuyers Is Entering A New Era

Robinhood Prediction Markets
prediction market

Robinhood Sees a 286% Prediction Market Revenue Opportunity

Qualcomm's AI Pivot: Undervalued Chip Giant's Next Frontier
qualcomm

Qualcomm's AI Pivot: Undervalued Chip Giant's Next Frontier

AR glasses

Snap Unveils Specs AR Glasses as Spiegel Bets on Post-Smartphone Computing

Snap ($SNAP) unveiled Specs, its first augmented reality glasses built for the general public, priced at $2,195 with a $200 refundable deposit and set to ship this fall in the US, UK, and France. CEO Evan Spiegel debuted the device at Augmented World Expo 2026 in Long Beach, pitching it as the successor to smartphone-era computing. "Almost 20 years since the launch of the iPhone, people are ready to think about computing differently," [Spiegel told CNBC](https://www.cnbc.com/2026/06/16/snap-unveils-specs-ar-glasses-ceo-evan-spiegel-bets-on-post-smartphone.html). Specs are [fully standalone](https://newsroom.snap.com/introducing-specs-augmented-reality-glasses), running on two Snapdragon processors with no external puck or tether required. The 47mm model weighs 132 grams and the 52mm model weighs 136 grams, with removable inserts supporting a range of prescriptions. The display delivers a [51-degree field of view](https://www.techcrunch.com/2026/06/16/snap-finally-debuts-its-long-awaited-ar-glasses-specs/) and 16 million colors, which Snap compares to a 115-inch home cinema screen at roughly 10 feet away. Battery life runs up to four hours, with the included charging case extending total use to 20 hours. ## Snap is entering a crowded and expensive race Specs cost more than 6 times Meta's ($META) Ray-Ban smart glasses, which [start at $350](https://gizmodo.com/snap-finally-debuts-its-long-awaited-ar-glasses-specs-and-oof-they-arent-cheap-2000618495), and sit well below Apple's ($AAPL) Vision Pro at $3,500. Meta's Reality Labs still loses money despite the Ray-Ban line finding a broader audience, and Google ($GOOGL) recently revealed its own AI-powered glasses developed with Samsung and eyewear brands Warby Parker and Gentle Monster. Spiegel dismissed audio-focused competitors, [calling them](https://www.cnbc.com/2026/06/16/snap-unveils-specs-ar-glasses-ceo-evan-spiegel-bets-on-post-smartphone.html) "very lightweight glasses that really don't do much." Snap created a subsidiary called Specs Inc. earlier in 2026 to house the glasses program, [separating it](https://www.theverge.com/2026/6/16/snap-specs-ar-glasses-price-preorder) from the core Snapchat business. The company has filed more than 7,000 patents during Specs development and spent over a decade building toward this launch. Developers can already publish AR effects called Lenses for the device, and Snap is rolling out agentic development tools through integrations with [Anthropic's Claude Code, OpenAI's Codex, and Cursor](https://newsroom.snap.com/introducing-specs-augmented-reality-glasses). ## The business case remains unproven Snap has not posted a consistent annual profit since going public, and its stock [fell roughly 4%](https://www.cnbc.com/2026/06/16/snap-unveils-specs-ar-glasses-ceo-evan-spiegel-bets-on-post-smartphone.html) the day Specs was announced. The company also conducted layoffs in April 2026. IDC research manager Jitesh Ubrani was blunt about the timing: "This is like the worst time for any company to be launching any kind of premium product." Snap says it is targeting tech enthusiasts, developers, and studios first — a pragmatic starting point given the $2,195 price tag. At that level, mainstream adoption remains a distant goal, and the broader smart glasses market has yet to produce a profitable business for anyone.

Snap Unveils Specs AR Glasses as Spiegel Bets on Post-Smartphone Computing
GM Is Betting the Arsenal of Democracy on Its Second Act
General Motors

GM Is Betting the Arsenal of Democracy on Its Second Act

Carvana Expands to New Cars Via Dealership Acquisitions
dealership acquisition

Carvana Expands to New Cars Via Dealership Acquisitions

ai data center

AI’s Infrastructure Race Has a Bottleneck Problem, and Industrial Stocks Are Cashing In

AI data center expansion fuels a construction boom, with industrial suppliers benefiting from massive capex. Bottlenecks in construction, power, and supply chains persist.

Data Center Construction
Stock Market and IPOs
IPO

The $1.5T IPO Wave Is Set To Threaten Decades of Buybacks

Fox Acquires Roku for $22B, Becoming the Third-Largest US TV Player
acquisition

Fox Acquires Roku for $22B, Becoming the Third-Largest US TV Player

Space Sector Stocks Retreat Around SpaceX IPO as Private Funding Climbs
SpaceX IPO

Space Sector Stocks Retreat Around SpaceX IPO as Private Funding Climbs