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☆ Store closings have hit their highest level in years. Competition and higher prices crushed them
▼ + stars: | 2024-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

“It kept these players alive that couldn’t survive in normal situations.”Competition from juggernauts like Amazon, Walmart, Costco, Home Depot and other big-box retailers has also squeezed smaller chains. In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Around 9,700 stores closed in 2020, according to Coresight. Drug store chains are also shrinking.

Persons: —, ”, Michael Brown, Kearney, ” Brown, Barbara Kahn, Charlotte Russe, Shopko, Ted Decker, Joann Fabric, Denny’s, Kelli Valade, Justin Sullivan, Amazon’s, It’s, ” Kahn, TJ Maxx, TJX Organizations: New, New York CNN, Walgreens, Research, Companies, Consumers, “, Walmart, Costco, Home, ” Retailers, United, University of Pennsylvania’s Wharton School, Coresight, Retailers, Sears, P Global Market Intelligence, CVS, Aid, Marshalls, Aldi Locations: New York, “, Amazon, United States, Gymboree, JCPenney, Tijuana, HomeGoods

☆ Trump-appointed appeals court judges say Mississippi is violating federal law with mail ballot deadline but don’t block it
▼ + stars: | 2024-10-25 | by ( Tierney Sneed | ) edition.cnn.com time to read: +4 min

CNN —A panel of three Donald Trump-appointed judges said Friday that Mississippi was violating federal law by counting mail ballots that arrive after Election Day, but stopped short of blocking the policy before the election, in a ruling that could nevertheless impact voting-related lawsuits this fall. The ruling from the 5th US Circuit Court of Appeals is a victory for the Republican National Committee and others who brought the case in Mississippi, a non-battleground state with very little mail-in voting, seeking a ruling by a far-right circuit court friendly to their arguments. “Voters deserve nothing less than a fair and transparent election which ends on November 5th. “Congress statutorily designated a singular ‘day for the election’ of members of Congress and the appointment of presidential electors,” the 5th Circuit panel said. “That is not to say all the ballots must be counted on Election Day,” the opinion states.

Persons: Donald Trump, “, Michael Whatley, ’, Trump’s, ”, Judge Andrew Oldham, James Ho, Kyle Duncan Organizations: CNN, Mississippi, Republican National Committee, statutorily, Representatives, Republicans, Trump Locations: Mississippi, Nevada , Ohio, Virginia, Maryland, California, New York

☆ Biden's latest student debt plan would create forgiveness path for borrowers facing financial ruin
▼ + stars: | 2024-10-25 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. The Biden administration introduced a new proposal Friday to deliver student loan forgiveness to Americans who experience "financially devastating hardships." The announcement was the latest effort by the Education Department under President Joe Biden to cancel people's education debt. However, the department's previous attempts to provide wide-scale student loan forgiveness are currently being blocked by the courts after a wave of GOP-led legal challenges. Former President Donald Trump is a vocal critic of policies to reduce or eliminate the balances of student loan holders.

Persons: Joe Biden, Biden, it's, Miguel Cardona, Donald Trump, Kamala Harris Organizations: Madison Area Technical College, Education Department, Republican, Federal, Democratic Locations: Madison , Wisconsin

☆ 8 million borrowers facing financial hardship could have their student debt forgiven under new Biden proposal
▼ + stars: | 2024-10-25 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

President Joe Biden is moving forward with another student debt relief plan. An estimated 8 million federal student loan borrowers experiencing financial hardship may be eligible to have their loans forgiven — some even automatically — if the regulation is finalized as proposed, the Department of Education announced Friday. The proposed regulation is the result of a months-long process known as negotiated rulemaking where the Biden administration worked with stakeholders, experts, advocates and more to develop a plan to deliver debt relief to borrowers facing financial hardship. In the coming weeks, the proposal will head to the Federal Register where it will have a 30-day public comment period before it's finalized. Here's what borrowers may expect if the proposal is finalized as currently written.

Persons: Joe Biden, —, Biden, Harris, Education Migel Cardona, it's Organizations: Department of Education, Biden, Harris Administration, Education, Federal

Fifty-five hard-to-miss nuns of the Benedictine Sisters of Erie. These sisters don’t deserve to be put down by some misinformation that we’re a sham, that we’re a fraud,” said the prioress, Sister Stephanie Schmidt. Sister Stephanie Schmidt speaks during an interview with CNN, in Erie, Pennsylvania. Because the Benedictine Sisters don’t sit still. “If the 53 people registered at this address are legal voters… then I encourage them to participate in their right to vote,” Maloney posted.

Persons: Donald Trump, Joe Biden, Cliff Maloney, Pennsylvania Chase, “ We’re, Annette Marshall, I’ve, “ We’ve, ”, Stephanie Schmidt, Maloney, Al Schmidt, Sister Schmidt, Barack Obama, Diane Rabe, don’t, Sister Marshall, Theresa Zoky, Sister Linda Romey, “, Diane Cook, they’d, Sister Cook, Trump, Roger Stone, ” Maloney, Elon Musk, Tesla, Sisters don’t, Maloney “, …, We’re, they’ll Organizations: Pennsylvania CNN, Republican, Benedictine, CNN, Trump, Erie, Biden, Democratic, Trump . America PAC, Action, America PAC retweeted, Sisters Locations: Erie, Pennsylvania, East, Erie County, Erie , Pennsylvania, “, North Carolina , Michigan, Nevada, Wisconsin

☆ Still see short-term downside for Hyundai Motor India's stock: Analyst
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill see short-term downside for Hyundai Motor India's stock: AnalystPrashanth Tapse of Mehta Equities believes Hyundai Motor India has long-term growth potential thanks to its lead in the sports utility and electric vehicle segments. He suggests that 1,700 to 1,750 rupees is a good entry point into the stock given some short-term challenges.

Persons: Prashanth Organizations: Hyundai Motor, Mehta, Hyundai, India

Billionaires Darwin Deason, Michael Dell, and Tony Pritzker are trying to offload homes right now. It can take a long time for extremely expensive or unique homes to find buyers. AdvertisementBillionaires regularly want to offload their homes, but the housing market can present some unique challenges for the wealthiest home sellers. At least two billionaires have found buyers for their homes this fall. A handful of billionaires, however, have homes they're still trying to sell.

Persons: Darwin Deason, Michael Dell, Tony Pritzker, —, Gordon Getty, Getty, Rupert Murdoch's Organizations: Service, of Wings, Media, Fox Corporation, News Corp Locations: Boston, Berkeley, San Francisco, Manhattan, California

☆ 36-year-old mom making $10,000 a month in passive income: The 3 books that helped me get rich and 'live life on my terms'
▼ + stars: | 2024-10-25 | by ( Rachel Jimenez | ) www.cnbc.com time to read: +4 min

Today, I make $10,000 or more per month in passive income from four income streams. These are the three books that shifted my mindset about money, helped me build wealth and gave me the ability to live life on my terms. 'Change Your Questions, Change Your Life' by Marilee AdamsIn "Change Your Questions, Change Your Life," Marilee Adams, PhD, a leadership expert, professor, and entrepreneur, explains there are two types of questions we can ask ourselves. When I started taking the course that ultimately helped me start my passive income business, for example, I doubted whether I could succeed. 'Designing Your Life: How to Build a Well-Lived, Joyful Life' by Bill Burnett and Dave Evans

Persons: Marilee Adams, Adams, JL Collins, Collins, Bill Burnett, Dave Evans

CNN —Britain’s King Charles has said the Commonwealth should acknowledge its “painful” history and urged the organization to “right inequalities that endure” as he opened a meeting of Commonwealth countries in Samoa on Friday. “I understand from listening to people across the Commonwealth how the most painful aspects of our past continue to resonate. It is vital therefore that we understand our history, to guide us to make the right choices in the future,” Charles said in his first speech as head of the Commonwealth. Charles was addressing Commonwealth leaders, foreign ministers and dignitaries during the welcome ceremony on Friday. In recent years, the British monarchy has adopted a more conciliatory tone when addressing the past horrors of transatlantic slavery.

Persons: CNN — Britain’s King Charles, “, ” Charles, ”, Charles Organizations: CNN, Commonwealth, BBC Locations: Commonwealth, Samoa, British, Kenya

☆ 'You have to not be afraid to ask the obvious questions': How The Wall Street Journal's editor is remaking the paper
▼ + stars: | 2024-10-24 | by ( Peter Kafka | ) www.businessinsider.com time to read: +11 min

Emma Tucker became The Wall Street Journal's first-ever female editor-in-chief in 2023. So we're doing things to make our audiences engaged, rather than thinking about "this is how we do things." What's not useful to Wall Street Journal readers? I mean, the amount of time that people spend reading The Wall Street Journal has gone up. And the one thing I can say with absolute certainty is there is a place for Evan at The Wall Street Journal.

Persons: Emma Tucker, Joe Biden's, Evan Gershkovich, —, Murdoch, Joe Biden, Weeks, Biden, Tucker, Joe, It's, Mike Johnson, Kevin McCarthy, I've, there's, You've, We've, We're, we've, you've, Evan Organizations: Service, Sunday Times, Washington, Wall Street, Street Locations: Joe Biden's, England, Russia

☆ Key lines from Kamala Harris’ town hall on CNN
▼ + stars: | 2024-10-24 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +12 min

CNN —Vice President Kamala Harris tried to engage undecided and persuadable voters at a CNN town hall in Delaware County in the key state of Pennsylvania on Wednesday. Vice President Kamala Harris participates in a CNN Presidential Town Hall moderated by CNN’s Anderson Cooper in Delaware County, Pennsylvania, on October 23, 2024. Rebecca Wright/CNNFor people looking for specifics on policy, Harris did not offer many details, although she did talk about a new $6,000 child tax credit for newborns and addressing housing affordability. HarrisCNN’s Anderson Cooper moderates a CNN Presidential Town Hall with Vice President Kamala Harris in Delaware County, Pennsylvania, on October 23, 2024. HarrisOn banning fracking in particular, Cooper asked an important question.

Persons: Kamala Harris, Donald Trump, CNN’s Anderson Cooper, Trump’s, John Kelly, they’re, He’s, Cooper Harris, Kelly, Harris Cooper, Harris, Trump, ” Harris, –, Harris Harris, Rebecca Wright, Republicans – haven’t, We’ve, Harris That’s, Liz Cheney, what’s, I’ve, Biden, dissing Joe Biden, Joe Biden, Cooper, Harris CNN’s Anderson Cooper, CNN Cooper, I’m, COOPER, HARRIS, …, Esther, ‘, Harris Esther, – Harris, ”, ” He’s Organizations: CNN —, CNN, Trump, New York Times, Trump Republicans, Democrat, CNN Presidential, Democrats, Republicans, Hall, United, Democratic, fracking Locations: Delaware County, Pennsylvania, Delaware County , Pennsylvania, Wade, Israel, United States, Persia, California

☆ Life after Intel: After rounds of layoffs and buyouts, some Intel insiders are abandoning the corporate grind altogether
▼ + stars: | 2024-10-24 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Some longtime Intel employees are eligible for up to 19 months of severance. After years of layoffs, buyouts, and even one temporary pay cut, many employees have thought about what they might do after Intel. BI spoke to three former Intel employees who are using the company's hard times as an opportunity to upend their lives. Over his 24 years at Intel, Guha used his spare time to develop a wealth management strategy based on the philosophies of Warren Buffet. Lessons learned at IntelThough several departing Intel employees expressed some frustration with the current state of the company, they still believe it can be successful.

Persons: —, Shi Choong, she's, Choong, It's, Javier Apostol, Apostol, he's, Sumit Guha, Guha, Warren Buffet, He's, sabbaticals Organizations: Intel, Service, Business, IRS, AARP, Engineers Locations: Portland, Oregon, San Francisco Bay, Puerto Vallarta, Mexico, Arizona, Yuma County , California, formalwear

☆ A woman did 'rejection therapy' for 30 days to help with her confidence. Therapists say it can really work.
▼ + stars: | 2024-10-24 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Michelle Panning, a relationship coach, documented herself trying "rejection therapy" for 30 days. While not an officially recognized form of therapy, 2 therapists said it's a form of exposure therapy. It inspired Panning to try it herself, documenting a 30-day rejection therapy challenge on her TikTok channel. While "rejection therapy" isn't a research-backed form of therapy (it was originally coined as the name of a card game by developer Jason Comely), both Goldberg and Farina said that gradual exposure to rejection can help build confidence. Start smallIf you want to try your own version of rejection therapy, start small and cater it to whatever feels like a stretch, Goldberg said.

Persons: Michelle, —, Jia Jiang, Jiang, desensitized, Rachel Goldberg, Gen Zers, Lauren Farina, Jason Comely, Goldberg, Farina, I'd Organizations: Service, Technology

☆ OSTP director Arati Prabhakar shapes AI policy in Biden administration
▼ + stars: | 2024-10-24 | by ( Rosalie Chan | ) www.businessinsider.com time to read: 1 min

Prabhakar, part of Business Insider's 2024 AI Power List, has headed the White House Office of Science and Technology Policy since 2022. In her role, she advises President Joe Biden on science and technology with a particular focus on AI's risks and benefits. Previously, she was the director of the Defense Advanced Research Projects Agency and was the first woman to lead the National Institute of Standards and Technology. She also founded the nonprofit Actuate, which manages research to solve societal challenges. See Business Insider's full AI Power List

Persons: Prabhakar, Joe Biden Organizations: White, Office of Science, Technology, Defense, Research Projects Agency, National Institute of Standards, Research, US Venture Partners

☆ Liam Payne’s tragic death reflects an industry that has too often failed young talent
▼ + stars: | 2024-10-24 | by ( Will Ripley | ) edition.cnn.com time to read: +7 min

Now, his untimely death is reigniting urgent conversations about the mental health and addiction struggles that so often afflict young stars thrust into the limelight. Christopher Polk/Getty Images Payne takes a selfie with fans at the 2014 ARIA Awards in Sydney. Terence Patrick/CBS/Getty Images Payne poses for photos with his then partner Cheryl Cole at the 2018 BRIT Awards in London. Joe Maher/FilmMagic/Getty Images Payne performs on "The Today Show" in 2019 to promote the release of his first solo album. Kate Green/Getty Images Payne warms up before Soccer Aid for UNICEF 2023 charity match in Manchester, England.

Persons: Liam Payne’s, Payne rocketed, ”, Sharon Osbourne, Osbourne, Payne, Guy Chambers, Robbie Williams, “, Robbie, ” Chambers, Payne ”, I’m, Payne’s, Liam Payne, James Shaw, Shutterstock Payne, Louis Tomlinson, Zayn Malik, Harry Styles, Niall Horan, Nicole Scherzinger, Ken McKay, Shutterstock, Dave Hogan, Christopher Polk, Cameron Spencer, James Corden, James Van Der Beek, Jim Gaffigan, Terence Patrick, Cheryl Cole, Bear, Joe Maher, FilmMagic, Kate Green, Will Matthews, Marc Piasecki, Luis Robayo, Singer Liam Payne, Williams, Demi Lovato Organizations: CNN, Observer, “, Men’s Health, Disney, Party, Fremantle Media, Getty, CBS, NBC, Soccer Aid, UNICEF Locations: Buenos Aires, London, Wolverhampton , England, Barbados, Los Angeles, Sydney, Manchester, England, Paris, AFP

☆ In the battle of WiFi versus mesh networks, the latter has the edge. Two tech leaders share why.
▼ + stars: | 2024-10-24 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Mesh networks consist of devices that connect to each other rather than to a single router. A mesh network is a private wireless broadband network in which devices, or connection points, link to one another in a weblike structure. Mesh networks also offer significantly more safety and security, whether from a malicious attack or other breach. We're also moving toward more autonomy and artificial-intelligence-driven decision-making, applications, and technologies; mesh networks are built for that. If you drop a mesh network into an environment with poor LAN architecture and configuration, it will become apparent pretty quickly.

Persons: —, Steven Griggs, Todd Rigby, Griggs, Rigby, Erica Sweeney, We're, Sweeney Organizations: Rajant Corporation, Service, LTE

☆ US court blocks handbag maker Tapestry’s $8.5 billion acquisition of rival Capri
▼ + stars: | 2024-10-24 | by ( ) edition.cnn.com time to read: +1 min

A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in an industry where merger challenges are rare. Tapestry fought those claims, saying the deal was spurred by an intensely competitive US handbag industry and was needed to fight back against European players like Gucci, which are increasingly grabbing market share. The ruling in effect permanently blocks the proposed deal, Tapestry’s lawyers said in court documents. Those brands are: Tapestry’s Coach, Kate Spade and Stuart Weitzman; and Capri’s Versace, Jimmy Choo and Michael Kors. The ruling follows approval of the merger by regulators in Japan and the European Union earlier this year.

Persons: Tapestry, Gucci, Biden, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, Michael Kors, Jennifer Rochon Organizations: US Federal Trade Commission, FTC, Capri, European Union Locations: Capri, New York, Japan

☆ More straight couples are using the word partner. Here’s why
▼ + stars: | 2024-10-24 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +6 min

People in the LGBTQIA+ community often use the word partner to describe their relationship to other parties. ‘Boyfriend’ can sound juvenileLike many couples, Rouzer found “boyfriend” an inaccurate description of her close companion. Carey explained that “the relationship escalator” is a concept where couples are expected to follow several steps in a romantic relationship. Even the term “partner” could feel ambiguous since people might not know if you’re talking about a life or business partner. For Rouzer, “partner” is the most appropriate label for her nine-year relationship.

Persons: Rouzer, ’ it’s, ”, Patricia S, Dixon, Zers, ’, Leah Carey, ” Carey, “ I’ve, Domenique Harrison, Carey, —, “, ” Harrison, Harrison, “ You’re, It’s, ” Jocelyn Solis, Moreira Organizations: CNN, National Louis University in, “, United, United States Census Locations: National Louis University in Florida, Millennials, California, United States, New York

☆ A contested election that leads to weeks of uncertainty is a risk being overlooked by markets
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Investors should beware of a contested US election, BlackRock's Jean Boivin told Bloomberg TV on Thursday. AdvertisementInvestors are dismissing the risk of a disputed US election, BlackRock Investment Institute head Jean Boivin told Bloomberg TV on Thursday. Recent battleground state polling shows a race too close to call with the election less than two weeks away. Other market strategists have echoed in recent weeks Boivin's concern over what an election dispute would mean for markets. Meanwhile, stocks rose during Trump's election dispute in 2020, likely due to signs that the COVID-19 pandemic was ending.

Persons: BlackRock's Jean Boivin, —, Jean Boivin, Boivin, Donald Trump, Kamala Harris, hasn't, Morgan Stanley, Brian Gardner, George W, Bush, Al Gore, Gardner Organizations: Bloomberg, Service, BlackRock Investment Institute, Trump, Republican Locations: Washington

☆ Holly Herndon's AI Use Empowers Artists and Challenges Streaming Giants
▼ + stars: | 2024-10-24 | by ( Lucia Moses | ) www.businessinsider.com time to read: 1 min

Herndon is a musician known for pushing the limits of art and technology. In 2021, she created a vocal deepfake of herself by training a neural network on her voice, then lending it to the public to turn their voices into hers — a move she hopes will encourage other artists to take control over their work. Collaborating with her partner Mat Dryhurst, Herndon is at the forefront of using AI to make art. It's her way of pushing back against music-streaming platforms like Spotify that she says make it harder for musicians to make money and take a one-size-fits-all approach to music. See Business Insider's full AI Power List

Persons: Herndon, Mat Dryhurst

☆ King Charles and Keir Starmer brace for reparations debate at Commonwealth summit
▼ + stars: | 2024-10-24 | by ( Rob Picheta | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +4 min

London CNN —Britain’s government and King Charles III are bracing for a heated conversation about reparations for the transatlantic slave trade, as the issue looks set to overshadow a summit of Commonwealth leaders in Samoa. UK Prime Minister Keir Starmer told reporters on his journey to the Pacific island nation: “I think we should be facing forward. Successive British governments have resisted calls to formally apologize for the slave trade, or to entertain the prospect of reparations. Britain's Prime Minister Keir Starmer speaks with his Australian counterpart, Anthony Albanese, at a state banquet opening the summit on Thursday. Also in attendance in Samoa is King Charles III, who arrived in the capital of Apia on Wednesday from Australia, and will formally open the summit as head of the organization.

Persons: London CNN —, King Charles III, Keir Starmer, “ I’ve, Patrick Robinson, Anthony Albanese, Stefan Rousseau, Charles, ”, Queen Elizabeth II, Prince William, King Charles Organizations: London CNN, UK, National Archives, Brattle Group, University of West, Court, Britain's, Commonwealth, Reuters Locations: Commonwealth, Samoa, Pacific, Historic England, Caribbean, University of West Indies, Britain, Apia, Australia, British, Kenya, ’, Rwanda, Jamaica

☆ Amazon Prime wants to help you save on gas
▼ + stars: | 2024-10-24 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

CNN —Prime members can now add “fuel discounts” to their ever-growing list of benefits. Members can avail themselves of the discount by linking their Amazon account to Earnify, a loyalty program app by BP. Amazon’s newest savings benefit could alleviate some of that potential grief for its over 184 million Prime subscribers. How Amazon is retaining its leadFuel and energy probably isn’t the first sector to come to mind when you think of Amazon, but analysts say that the recent inclusion of gas savings doesn’t come as too much of a surprise. “Other retailers are still playing catch up to Amazon, and Amazon wants to retain its lead,” Saunders said.

Persons: ”, Neil Saunders, Saunders, Wayfair’s, ” Saunders Organizations: CNN, Amoco, BP, GlobalData, Walmart, that’s, Target

☆ Boeing said it's lost another $250 million on the Starliner project
▼ + stars: | 2024-10-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Boeing has recorded another $250 million loss on its Starliner program. Boeing has lost $1.85 billion on the Starliner program to date. AdvertisementAerospace manufacturer Boeing said on Wednesday that it was incurring an additional $250 million charge against earnings on its beleaguered Starliner program. This is in addition to the $125 million charge against earnings Boeing recorded in the second quarter of this year. Boeing has lost $1.85 billion on the Starliner program to date.

Persons: Kelly Ortberg, —, Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, Ortberg, Boeing's Organizations: Boeing, New, Service, Aerospace, Space, NASA, SpaceX, SEC, Ortberg, Business Insider, Max, Airlines, Wednesday Locations: New Mexico, Oregon, California

☆ Dexcom shares fall on slow revenue growth
▼ + stars: | 2024-10-24 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Shares of Dexcom fell 9% in extended trading on Thursday after the company released third-quarter results that beat analysts' expectations but showed a decline in U.S. revenue year over year. Here's how the company did:Earnings per share: 45 cents adjusted vs. 43 cents expected by LSEG45 cents adjusted vs. 43 cents expected by LSEG Revenue: $994 million vs. $990 million expected by LSEGThe company's revenue increased 2% to $994.2 million from $975 million a year earlier. The company maintained its full fiscal year guidance and expects revenue of $4 billion to $4.05 billion. Last quarter, Dexcom lowered its guidance from the $4.20 billion to $4.35 billion it forecast in the first quarter. This lowered guidance and a revenue miss caused Dexcom shares to tumble more than 40% following the release of its second-quarter results in July.

Persons: Dexcom, Kevin Sayer, Sayer, Teri Lawver, Lawver Organizations: LSEG Revenue, Dexcom

Both companies see massive potential for the technology, with a grand vision for AR glasses to usurp smartphones as the next generation of computing. Microsoft has also invested in AR technology for well over a decade, launching its HoloLens headset for enterprise in 2016. While Snap and Meta have debuted AR prototypes, they're still years away from selling those devices to consumers. Snap similarly plans to invest in building out its ecosystem, renting its AR glasses to developers who commit to paying $99 a month for a year for the Spectacles. Watch the video as CNBC's Julia Boorstin tries Meta and Snap's augmented reality glasses and explores the future of this cutting-edge tech.

Persons: Mark Zuckerberg, Evan Spiegel, Chris Cox, CNBC's Julia Boorstin, Apple, Tuong Nguyen, Gartner, they're, Zuckerberg, We're, We've, Spiegel, Boorstin, Julia Boorstin Organizations: Google, Microsoft, Meta

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