Snap announces new Spectacles AR glasses, which let you overlay digital objects on the real world

• Snap on Thursday announced a new version of its Spectacles smart glasses.
• Augmented reality glasses such as Spectacles let you overlay digital objects on the real world.
• Shares of Snap were up more than 5% on Thursday after the company's Snap Partner Summit.

Snap on Thursday announced a new version of its Spectacles smart glasses. They use augmented reality, which means you can look through them and see digital objects in the real world.

Shares of Snap were up more than 5% on Thursday after the company's Snap Partner Summit.

The new glasses allow users to see computer-generated imagery overlaid on their field of view in the real world. The Spectacles include two cameras, four microphones, a touchpad and buttons for controls. Users can also give audio commands to the device by saying, "Hey Snapchat." The new Spectacles are equipped with 30 minutes of battery life.

Snap CEO Evan Spiegel said the devices are already in the hands of a select group of creators. The company is offering the device to more creators through a website.

The company also announced a flurry of new augmented-reality e-commerce features and new features for social media creators.

Snap is among a flurry of tech companies working on smart glasses, along with Apple and Facebook.

Why Detroit Lions believe WR Breshad Perriman is finally ready to break out

Breshad Perriman had the best season of his NFL career with the Tampa Bay Buccaneers in 2019, when he got the one thing he should have plenty of in Detroit: opportunity.

Perriman, a first-round pick by the Baltimore Ravens in 2016, played most of his one season in Tampa as the team's No. 3 receiver.

But when Mike Evans and Chris Godwin missed time with injuries late in the year, Perriman moved up the depth chart and produced for the first time like many thought he would coming out of Central Florida.

He had what was then a career-high 87 yards receiving in an early December win over Jacksonville, and after following that up with a 70-yard performance the next week against the Indianapolis Colts, closed the year with three straight 100-yard games.

Stock Alert: Cato Rises 9% On Q1 Profit, Reinstated Dividend

Shares of fashion apparel retailer The Cato Corp. (CATO) are up 9 percent on Thursday’s trading as the company turned to profit in the first quarter and also restored its quarterly dividend.

The company recorded net income of $20.7 million or $0.92 per share in the first quarter, compared to net loss of $28.4 million or $1.19 per share in the last year quarter.

Sales for the three-month period rose 114 percent to $211.2 million from $98.8 million a year ago. Same-store sales were up 111 percent from the same period last year.

The company’s Board of Directors also declared a regular quarterly dividend of $0.11 per share. The dividend will be payable on June 21 to shareholders of record on June 7.

CATO is currently trading at $15.53, up $1.31 or 9% on the NYSE.

The stock has traded between $6.07 and $16.03 in the past 52 weeks.

Crude Oil Futures Settle Sharply Lower

Crude oil prices fell sharply on Thursday, extending losses to a third straight day, as signs of progress in Iran nuclear talks raised expectations that global crude supply will see a surge in the near term.

Worries about outlook for energy demand due to the surge in coronavirus cases in Asian countries and possible stricter restrictions on movements in several places in Asia weighed on oil prices.

West Texas Intermediate Crude oil futures for June ended down by $1.31 or about 2.1% at $62.05 a barrel on the expiration day.

West Texas Intermediate Crude oil futures for July settled at $61.94 a barrel, losing $1.41 or about 2.2%.

Brent crude futures settled at $65.11 a barrel today, down $1.55 or 2.3% from the previous close.

Iran’s president Hassan Rouhani said the broad outline of a deal to end sanctions on its oil had been reached. According to the Iranian Fars News Agency, Rouhani said that all parties to the talks have agreed to lift all major sanctions on oil, petrochemicals, shipping, insurance, the central bank and so on.

Meanwhile, Iranian Deputy Foreign Minister Seyed Abbas Araghchi stressed that some key issues still have not been decided.

Musk says he hasn't and won't sell any dogecoin

May 20 (Reuters) – Tesla Inc Chief Executive Officer Elon Musk said on Thursday he would not sell any of his dogecoin holdings.

“Yeah, I haven’t & won’t sell any Doge,” Musk said on Twitter in response to a tweet claiming he would never sell any his doge holdings and that he was the “ultimate hodler.” (bit.ly/342BQMU)

Israel, Palestinian groups, agree Gaza ceasefire

JERUSALEM (AFP) – Israel and the two main Palestinian armed groups in Gaza, Hamas and Islamic Jihad, agreed to a ceasefire on Thursday (May 20) to end 11 days of conflict.

A statement from Israeli Prime Minister Benjamin Netanyahu’s office said the security cabinet had “unanimously accepted the recommendations to accept an Egyptian initiative for an unconditional… ceasefire.”

Hamas and Islamic Jihad then confirmed the ceasefire in a statement, saying it would come into force at 2:00 am Friday (2300 GMT).

More on this topic

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Hawks coach Nate McMillan fined $25,000 for saying NBA ‘wants,’ ‘needs’ Knicks in playoffs

The NBA fined Atlanta Hawks coach Nate McMillan $25,000 for "detrimental public comments asserting bias by the NBA" on Thursday. 

Atlanta, the No. 5 seed in the East, will open its postseason Sunday against the No. 4 New York Knicks. In comments Tuesday, McMillan said he'd mentioned to his team the league "wants" the Knicks in the playoffs. 

"I've gone as far as saying the league wants this," McMillan said on a Zoom call Wednesday, via The Athletic. "They need this, New York, this is a big market for the league, and New York has been out of the playoffs for a number of years. And this is a team that our league, they want to see — there's a huge fanbase — and they want to see New York in the playoffs."

McMillan went on to mention other big-market teams such as the Los Angeles Lakers and Boston Celtics as teams the league wants playing in the postseason.