While some strategists say to “buy high, sell higher” on Nvidia stock, Terry Smith is staying away from Nvidia altogether. Smith has been called Britain’s Warren Buffett; he manages the £22.8 billion ($29.33 billion) Fundsmith Equity Fund. He has chosen not to invest in Nvidia, the world’s largest company with a market cap of over … Read more
A hedge fund boss who is being sued by his own mother over unpaid debts has been living it up in Miami and jetting off on pricey vacations — even as his employees flee and his clients demand their cash back, The Post has learned. Jason Ader — CEO of Spring Owl Asset Management, an … Read more
Chinese-founded fast-fashion giant Shein saw profits plunge over 70 per cent in the first half of 2024 due to fierce competition from rivals such as PDD Holdings’ Temu, according to a report by The Information. Revenue growth of the Singapore-registered company slowed to 23 per cent during the period, down from 40 per cent for … Read more
Tesla used humans to remotely control some capabilities of its Optimus robot prototypes at a recent event designed to generate investor enthusiasm for forthcoming products, according to people familiar with the matter. Employees stationed elsewhere oversaw many of the interactions between the humanoid machines and attendees of last week’s “We, Robot” showcase near Los Angeles, … Read more
TD Bank Group, which is mired in a money-laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani, who is retiring next year. Chun, who stepped into the role of head of Canadian personal banking last December, will become chief operating officer on Nov. 1 before taking over the top job … Read more
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before midnight on Tuesday. The company … Read more
OpenAI is in talks to raise US$6.5 billion from investors at a valuation of US$150 billion, according to people familiar with the situation. The new valuation, a figure that does not include the money being raised, is significantly higher than the US$86 billion valuation from the company’s tender offer earlier this year, and cements its … Read more
Opinions expressed by Entrepreneur contributors are their own. One minute. That’s it. One minute — or even shorter — is about all the time you have to convince venture capitalists like myself that your startup and idea are worth hearing more about. No pressure. Unfortunately, in the non-stop, always-on-the-move investment world, that’s about as much … Read more
Apple’s ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up Siri to creating customized emojis on the fly. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” CEO … Read more
Would you buy a plane ticket for a loonie? Flair Airlines hopes so. The ultra low-cost carrier says it has launched a $1 base airfare deal for passengers flying back to Canada from sun destinations — but some experts are skeptical of whether the airline can sustain the promo. Flair says the $1 airfares, currently reserved for … Read more
