Stocks

One analyst estimated iPhone preorders fell 13% annually during the first weekend of preorders.

James Callinan’s Osterweis Opportunity Fund has trounced its Russell 2000 benchmark by applying specific P/E limits for buying–and holding–small cap growth stocks.

The “first iPhones designed from the ground up” for AI were introduced Monday.

The Bolt founder claimed a group of investors had signed off on the company’s chaotic $450 million raise, but some said they hadn’t. Now, BlackRock and other investors have moved to stall the round.

Apple and Nvidia are reportedly in discussions to join a major funding round for OpenAI. The new round of investment could push the ChatGPT-maker’s valuation above US$100 billion.

While 74% of companies are seeing positive returns, Vice President of Global Generative AI Go-To-Market for Google Cloud Oliver Parker says C-level buy-in boosts them.

The share price of PDD Holdings, Temu’s parent company, plummeted Monday morning.

Few mutual fund managers can come close to this former Legg Mason portfolio manager’s 15-year market-beating record. Below he discusses lessons he has learned, plus his firm’s top ten holdings.

Apple shares opened down 8%, Microsoft 5%, Nvidia 14%, Google parent Alphabet 6%, Amazon 8%, Facebook parent Meta 7% and Tesla 11%.

The global stock market slide wiped out billions of dollars from the net worths of the world’s richest people.