The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The licensing deal is with Lumus, an optics company that makes the core display components for augmented reality glasses. Lumus provides a projector-like technology that overlays images onto the "screen" of a spectacle lens.
Lumus, founded in Israel in 2000, has a long patent history in the augmented reality arena. In particular, the company focuses on embedding multiple prisms into a single piece of glass, to increase the size and breadth of images while keeping the lenses discreet and "non-dorky," CEO Ari Grobman said.
Augmented reality, unlike virtual reality, has to adjust colors and displays for conditions such as fog and sunlight — which, until now, has been a major bottleneck for big manufacturers like Quanta. This deal could pave the way for headsets that are $1,000 or less, Grobman said.
Quanta, which is also known for laptop computers, has already laid out an ambitious plan to move toward augmented reality manufacturing by 2019, something Lumus said it can do. Like top computer brands advertise processing power as "Intel inside," the new glasses could be designed to the specifications of top brands with Lumus inside.
Apple CEO Tim Cook has swatted down rumors that the company is working on an augmented reality headset, saying that he didn't think the technology existed to bring AR glasses up to Apple's standards "any time soon. "