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29.08.26 - 01:42
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Wall Street Week | Debt & Consequences, Defying Fiscal Gravity, Hollywood Gets Democratized (Bloomberg)
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This week, Chrystia Freeland talks with the former finance ministers of the Netherlands and Germany about what it takes to bring spending under control. And, are US deficits now a bigger driver of interest rates than inflation? Plus, as Fed Chair Kevin Warsh makes his debut at the Jackson Hole Economic Policy Symposium, we revisit the story of the wealthiest place in America. Later, the rise of YouTube filmmakers is democratizing discovery, while also flooding the market with more content than audiences can watch. (Source: Bloomberg)...
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28.08.26 - 22:01
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Wall Street Warns "Pervert Glasses" Backlash Threatens AI-Wearables Boom (ZeroHedge)
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Wall Street Warns "Pervert Glasses" Backlash Threatens AI-Wearables Boom
Bernstein analysts are out with a note on how Meta Platforms and EssilorLuxottica's once-hot smart glasses business is running out of steam because of an emerging public backlash over privacy and surveillance, raising questions about whether the smart glasses industry as a whole is hitting a brick wall.
Luca Solca, Bernstein's senior equity analyst and global luxury-goods sector head, covers companies including EssilorLuxottica, LVMH, Hermès and Richemont. He said Ray-Ban Meta glasses were initially a "commercial success," but public opinion has since shifted against the glasses has drastically shifted, with folks online labeling them "pervert glasses" amid mounting privacy concerns.
EssilorLuxottica sold more than 7 million Meta AI glasses in 2025, compared with 2 million during 2023 and 2024 combined, Solca said. However, he warned that users are abandoning the glasses under social press...
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