President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Apple CEO Tim Cook is downright giddy about augmented reality. And the world is about to see why.
While virtual reality headsets from Oculus and others have yet to go mainstream, hundreds of millions of iPhones and iPads in circulation are an iOS update away from morphing into consoles that bridge the real world and the imaginary one.
On Apple's latest earnings call, Cook said AR has "broad mainstream applicability across education, entertainment interactive gaming, enterprise, and categories we probably haven't even thought of."
Apple's big bet is on ARKit, the company's homegrown technology for enabling developers to build AR apps. The software is among the most anticipated features of iOS 11, which is likely to be available this month, and you can expect to see some splashy use cases for the technology at Apple's iPhone event on Sept. 12, in Cupertino.
For game developers, who will surely be some of the earliest adopters of ARKit, a new challenge awaits -- advertising.
Mobile ads are annoying in general. But it's particularly hard to imagine playing an AR game in a multidimensional world and being interrupted by a video, interstitial or pop-up ad. Nor do existing ad types work for developers who want to promote a game in another app.
You have to experience AR for it to make sense.
"Showing a video of someone playing an AR app doesn't tell a story," said Jonathan Zweig, a longtime entrepreneur in ad-tech and the CEO of AppOnboard.
Zweig thinks he has the solution. Two years after selling mobile ad company AdColony for $350 million, Zweig created AppOnboard in 2016 with the idea that people would rather play an ad than watch one. With AppOnboard's technology, developers can advertise their games in other apps through a demo that lasts 15 to 30 seconds.
For example, if you're playing an adventure game and struggling to get past a certain spot, you may have the option of taking a few swings in a baseball app as a way to get to the next level. At the end of the short trial, you're given the option of downloading the app or returning to the game you were playing.
AppOnboard, which to date raised $4 million in venture funding, has several existing mobile games using the try-before-you-buy model. For the launch of ARKit the company has partnered with Snatch, a virtual treasure hunt app, and gaming studio Lucid Sight.
"Instead of watching a video to earn currency or get to another level, you play a short demo," Zweig said. "That's a huge leap in technology."
AR isn't just coming to the iPhone. Last week, Google released a sneak peak of a software development kit called ARCore for Android devices and said it's targeting 100 million devices by the end of the preview.
The mobile ad market is there for the taking. According to eMarketer, mobile will account for more than 70 percent of the $83 billion digital advertising market this year and will surpass the size of the TV ad market in 2019.
Playable ads seem to be working for the current generation of games. Mobile ad-tech start-up Vungle said it's seen playable ads drive a 30 percent increase in downloads over static ads while improving retention by 20 percent.
Snatch, a London-based start-up whose treasure hunt app went viral in the U.K. and will soon launch in the U.S., expects AppOnboard to be one of its primary marketing channels.
The game allows players to pick up virtual packages around town and collect real rewards from brands like Pizza Hut and U.K. retailer Topshop or win vacations and cash. Players have to hold the parcels for six hours before opening them and, in the meantime, other people can try and snatch them.
In a Snatch ad, a user will pick up a package but won't be able to find out what's inside without downloading the app. For people playing Snatch, they will have the option of briefly trying out another game to acquire currency for in-app purchases.
"People will pay for that level of engagement because the results are much better," said Joe Martin, Snatch's founder and CEO, in an interview from San Francisco, where he's fundraising and gearing up to build a U.S. team. "It's better than video, better than print, or pop-up banners."
Most importantly, Martin said, "it's non-intrusive -- it's there if they want it."
There's always the chance that none of this stuff takes off, or that the most popular AR titles out of the gate follow a similar trajectory to the early AR sensation Pokemon Go.
A week after its launch last July, more than 28 million people a day were playing Pokemon Go, walking around town and staring at their screens to catch a Pokemon or find a PokeStop to get a treat. By late in the year, that number was down to about 5 million, according to ComScore, and Pokemon Go is currently outside of the top 200 most popular iPhone apps.
But AR enthusiasts have little doubt that iOS 11 will open up the technology to the masses.
"It's the first time there's been a fundamental hardware and software change for the iPhone that unlocks a whole bunch of new stuff you can do," said Randy Saaf, the founder and CEO of Lucid Sight.
Saaf has plenty of money at stake in that thesis. In addition to developing AR games for Lucid Sight, he's a board member and investor at AppOnboard. He and Zweig were partners in the market as far back as the AdColony days, having co-founded that company 2008.
The ad model still has to be proven out, but Saaf is convinced AR is poised to take off. And quickly.
"The great thing about ARKit is there are 200 million devices that will be compatible on day one," he said. "This opens up a lot of ways to enjoy media and games that weren't available before."