In this April 14, 2020 file photo, the thumbs up Like logo is shown on a sign at Facebook headquarters in Menlo Park, Calif. (AP Photo/Jeff Chiu, File)
Facebook is trying to pull in workplace users with a new virtual-reality app called Horizon Workrooms.
Workrooms lets people meet remotely in a virtual space populated by avatars. It’s an app for Facebook’s headset, which costs at least $300 and weighs a pound. People without a headset can join with a video call.
Facebook CEO Mark Zuckerberg expects the “metaverse,” a vague concept tied to augmented and virtual reality, to be the next stage of how people experience the internet.
Virtual reality has never really taken off, even during the pandemic, when remote work became the norm.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
