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EssilorLuxottica's AI Smart Glasses Revenue Nearly Doubles On Ray-Ban, Oakley Demand
EssilorLuxottica's AI Smart Glasses Revenue Nearly Doubles On Ray-Ban, Oakley Demand
EssilorLuxottica shares rose as much as 4.5% in Paris before reversing course and falling 2%. The eyewear maker reported better-than-expected first-half profit margins, while revenue from its AI smart glasses nearly doubled in the second quarter, easing investor concerns over rising competition and component costs.
The Ray-Ban owner, which partners with Meta on smart glasses, reported a 13% increase in first-half adjusted profit to 1.9 billion euros, while its operating margin reached 18.6%, above the analyst estimate of 16.3%. Second-quarter...
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Apr 10, 2026 / Tyler Durden
China's Debt Surpasses Europe For The First Time
China's Debt Surpasses Europe For The First Time
China’s government debt has surpassed the European Union’s for the first time, marking a major shift in the global debt landscape.
Since the 2008 financial crisis, the U.S., China, and Europe have followed very different borrowing paths. While Europe kept debt growth relatively constrained, both the U.S. and China expanded rapidly—especially after 2020.
The chart below, via Visual Capitalist's Niccolo Conte, visualizes annual government debt totals for the U.S., EU, and China from 1995 to 2025 in current U.S. dollars (not adjusted for inflation),...
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Jul 17, 2026 / Tyler Durden
Renter Nation Returns? Massive Jump In Multi-Family Unit Starts Despite Builder Sentiment Slump
Renter Nation Returns? Massive Jump In Multi-Family Unit Starts Despite Builder Sentiment Slump
US Housing Starts exploded higher by 19% MoM in June, dramatically more than the already large 11.2% MoM expectation and rebounding from the prior two ugly monthly declines.
This was the biggest monthly increase in Starts since May 2023.
On the other side, the more forward-looking Building Permits declined for a second straight month...
This shouldn't be a total surprise after yesterday's decline in builder sentiment (confidence among US homebuilders dropped for a second month to the lowest level of...
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Sep 14, 2026 / Tyler Durden
Bitcoin Jumps As CLARITY Act Odds Surge In Prediction Markets
Bitcoin Jumps As CLARITY Act Odds Surge In Prediction Markets
Bitcoin is sharply higher, ignoring the meltdown in gold and other dollar-sensitive assets, on a surge in prediction market optimism that Washington may finally pass a crypto market structure bill, with odds rising to multi-week highs on Monday and Polymarket.
Polymarket bettors put the chance that the Clarity Act will be signed into law this year at nearly 30% Monday morning, up from just 12% earlier in September. That’s the highest level since early August, according to the event contract’s dashboard.
As...
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