Mark Zuckerberg becomes fourth billionaire worth $200 billion
Zuckerberg’s net worth boosted more than $2 billion Thursday as Meta stock traded up more than 1%.
Stocks
Billionaire Peter Thiel sold $600 million of Palantir stock this week
As data mining firm Palantir’s shares continue to climb, Thiel is cashing out. He’s not the only Palantir insider doing so.
Biggest rate cut stock winners: Apple, Nvidia rally $250 billion
A rally from the “magnificent seven” tech stocks perhaps predictably fueled the rally, but this surprise name was the S&P 500’s biggest gainer Thursday.
Apple’s $100 billion drop sends stock to 5-week low as iPhone demand questions linger
One analyst estimated iPhone preorders fell 13% annually during the first weekend of preorders.
This veteran stock picker beats the market following these strict rules
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.
Apple’s AI iPhone 16: Apple stock slumps during long-awaited event
The “first iPhones designed from the ground up” for AI were introduced Monday.
Restraining orders and dumbfounded investors: Ryan Breslow’s $450 million Bolt round in chaos
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 in talks to join OpenAI funding round, reports
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.
Exclusive: Google exec shares the key to ROI on Generative AI
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.
China’s once richest person loses $14 billion as Temu parent company falls almost 30%
The share price of PDD Holdings, Temu’s parent company, plummeted Monday morning.