From CNBC

– The US economy added 943,000 jobs in July, beating expectations and marking the largest increase in 11 months.
– The unemployment rate dropped to 5.4% as more people returned to work, exceeding forecasts of 5.7%.
– Wages also saw a boost, with average hourly earnings rising by 0.4% last month.: 2025-04-30 16:10:00

Meta CEO Mark Zuckerberg showcased Orion AR glasses at the Meta Connect event, as the company continues to invest heavily in the metaverse. Reality Labs, responsible for VR headsets and smart glasses, reported a $4.2 billion operating loss with $412 million in sales. Analysts projected a $4.6 billion loss on revenue of $492.7 million. Since late 2020, Reality Labs has accumulated over $60 billion in losses, including a $3.85 billion loss in the first quarter of last year. Wall Street is skeptical of Meta’s metaverse spending, as new tariffs and potential price increases on devices loom. Recently, Meta laid off an unspecified number of employees from Reality Labs’ Oculus Studios unit, which creates VR and AR content. The changes aim to enhance efficiency and deliver quality content for users.



Read more at CNBC

– The US economy added 943,000 jobs in July, beating expectations and marking the largest increase in 11 months.
– The unemployment rate dropped to 5.4% as more people returned to work, exceeding forecasts of 5.7%.
– Wages also saw a boost, with average hourly earnings rising by 0.4% last month.:: Meta’s Reality Labs posts $4.2 billion loss in first quarter