Blog posts



Virtual reality ‘Star Wars’ experiences move into malls as clothing stores go dark

Virtual reality ‘Star Wars’ experiences move into malls as clothing stores go dark

Let’s face it. People don’t go to the local mall just to walk around with friends, buy a pretzel and maybe see a movie, like they used to. Mall owners realize they need to bring in a new wave of entertainment venues to keep luring people in. So now escape rooms, places where you can pay to throw an axe at a wall and virtual reality experiences that make you feel like you’re on the set of a “Star Wars” movie are popping up at malls across the country. Unibail-Rodamco-Westfield, which owns 32 properties in the U.S. including the Westfield World Trade Center in New York and Westfield Century City in Los Angeles, announced Thursday a deal with Utah-based virtual reality experience The Void. It said the two plan to work together to bring more than 25 VR spaces to URW’s malls in the U.S. and Europe.
Virtual reality ‘Star Wars’ experiences move into malls as clothing stores go dark

Virtual reality ‘Star Wars’ experiences move into malls as clothing stores go dark

Let’s face it. People don’t go to the local mall just to walk around with friends, buy a pretzel and maybe see a movie, like they used to. Mall owners realize they need to bring in a new wave of entertainment venues to keep luring people in. So now escape rooms, places where you can pay to throw an axe at a wall and virtual reality experiences that make you feel like you’re on the set of a “Star Wars” movie are popping up at malls across the country. Unibail-Rodamco-Westfield, which owns 32 properties in the U.S. including the Westfield World Trade Center in New York and Westfield Century City in Los Angeles, announced Thursday a deal with Utah-based virtual reality experience The Void. It said the two plan to work together to bring more than 25 VR spaces to URW’s malls in the U.S. and Europe.
US Treasury Secretary Mnuchin Thinks Outlook for Bitcoin Is Bleak

US Treasury Secretary Mnuchin Thinks Outlook for Bitcoin Is Bleak

U.S. Treasury Secretary Steven Mnuchin commented on cryptocurrency’s future viability, in an interview on Wednesday. “I can assure you I will personally not be loaded up on bitcoin in 10 years,” Mnuchin said on CNBC’s Squawk Box. “I would bet even in five to six years I won’t even be talking about bitcoin as Treasury Secretary.” While Mnuchin’s comments today do not elucidate his specific regulatory policies, he said previously that cryptocurrencies pose “risk to the financial system” if misused like Swiss bank accounts.
Homeownership rate for black Americans drops to record low

Homeownership rate for black Americans drops to record low

The homeownership rate for black Americans fell to 40.6% in the three months through June, the lowest level in the Census Bureau’s quarterly data going back to 1994, according to a government report on Thursday. It was the smallest share recorded for black households since the 1950 decennial Census when it was 34.5%. The rate for black households in Thursday’s report dropped from 41.6% in 2018’s second quarter. It compares with a homeownership rate of 46.6% for Hispanics in the three months through June, which matched the year-ago number, and a 73.1% rate for white households, up from 72.9% a year earlier, according to the Census report.
Apple and Goldman Sachs Credit Card Targeting August Launch Date

Apple and Goldman Sachs Credit Card Targeting August Launch Date

Apple and Goldman Sachs’s hotly anticipated new credit card is now just weeks away from launch, according to a person familiar with the companies. The release will be the culmination of an intense, high-stakes development process for the Silicon Valley giant and the Wall Street stalwart. The Apple Card is targeted to launch as early as the first half of August. That timing means the project is on schedule for the summer release date that Apple first announced in March. People who own an iPhone will be able to sign up for the card via the Wallet app, which will have built-in Apple Card support as part of the latest iOS 12.4 update.
CannTrust Jumps After Firing CEO Amid Breach at Cannabis Company

CannTrust Jumps After Firing CEO Amid Breach at Cannabis Company

(Bloomberg) -- CannTrust Holdings Inc. shares climbed after the board of the Canadian cannabis company fired its chief executive officer and forced out its chairman amid a scandal over a regulatory breach. CEO Peter Aceto was fired “with cause” and chairman Eric Paul resigned at the request of the board, Vaughan, Ontario-based CannTrust said in a statement Thursday. CannTrust jumped 16% to $2.27 at 9:32 a.m. in New York trading on Friday, after the shares tumbled about 60% since the company received a compliance report from Health Canada in early July. But the future of the company looks increasingly uncertain with sales on hold amid a government investigation and mounting lawsuits.
US new home sales rise; prior three months revised down

US new home sales rise; prior three months revised down

Sales of new U.S. single-family homes rebounded sharply in June, but sales for the prior three months were revised down, indicating that the housing market continued to tread water despite lower mortgage rates and a strong labor market. The Commerce Department said on Wednesday new home sales rebounded 7.0% to a seasonally adjusted annual rate of 646,000 units last month. May’s sales pace was revised down to 604,000 units from the previously reported 626,000 units. Data for March and April was also revised down. Economists polled by Reuters had forecast new home sales, which account for about 11% of housing market sales, increasing 6.0% to a pace of 660,000 units in June.
UPS Seeks Authority for Commercial Drone Flights

UPS Seeks Authority for Commercial Drone Flights

United Parcel Service Inc. is seeking U.S. authorization to operate commercial drone flights, signaling the delivery giant’s intent to compete in a developing but increasingly crowded sector. The parcel carrier said Tuesday it had applied to the Federal Aviation Administration for certification of drone flights through the company’s recently formed subsidiary called UPS Flight Forward Inc. The certification if approved, would allow drone flights beyond an operator’s visual line of sight, at night and without limit to the number of drones or operators in command, the company said. Such flights are highly restricted in the U.S.
Apple to release three ‘iPhone 11’ models this fall, including A13 chip, new Taptic Engine, more

Apple to release three ‘iPhone 11’ models this fall, including A13 chip, new Taptic Engine, more

Similar to last year’s introduction of the iPhone XS, iPhone XS Max, and iPhone XR, Apple will release three new ‘iPhone 11’ models this fall. The new iPhones will feature the Apple A13 chip, internally known by its platform codename Cebu, model T8030. According to people who’ve seen the devices, all three iPhone 11 models will still feature a Lightning port, contrary to some speculation that they would be moving to USB-C after the change on iPad Pro last year. The ‘iPhone 11’ models are known as D42 (iPhone12,3) which will replace the iPhone XS; D43 (iPhone12,5) which will replace the iPhone XS Max; and N104 (iPhone12,1) which will replace the iPhone XR. D42 and D43 will have a 3x OLED Retina display, while N104 will still feature the 2x Liquid Retina display just like the current generation. All three iPhones will feature the same screen resolution as their predecessors.
Microsoft joins the XR Association, which promotes responsible AR/VR development

Microsoft joins the XR Association, which promotes responsible AR/VR development

The XR Association, or XRA, now counts Microsoft among its membership, joining founding members Google, Facebook, Sony, HTC Vive, and Samsung. The trade association represents the shared interests of key companies enabling augmented reality (AR) and virtual reality (VR) technologies. Microsoft’s Heidi Holman, assistant general counsel, will represent the company on the group’s board. The XRA lists its purpose as promoting “responsible development and adoption of AR and VR globally with best practices, dialogue across stakeholders, and research” while serving “as a resource for researchers, policymakers, and partners across the XR industry.”
Questions?
Click here to chat with us

_