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Tag: Mobile Devices

  • Carousel Digital Signage Cuts Through the Noise with Carousel Daily

    Carousel Digital Signage Cuts Through the Noise with Carousel Daily

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    MINNEAPOLIS, MINNESOTA, April 30, 2024 – Carousel Digital Signage has launched a new media delivery service that will change the way organizations engage with their audiences. Carousel Daily allows organizational leaders to take important messages direct to intended audiences, pushing need-to-know news and information to mobile devices. The service extends the reach of traditional digital signage content well beyond the facility walls, enabling seamless communications to thousands of devices.

    Carousel Daily is a unique initiative that was created to cut through the noise of the workplace or learning environments where essential communications may be overlooked or forgotten. The Carousel Daily flips the script by empowering internal-facing organizations to reach the right audience, at the right place, and at the right time. Delivered to iOS devices, Carousel Daily bulletins are accessible through an app installed on organization-issued or personal devices. 

    Carousel Cloud customers can deliver the same visual communications that they display on their fixed digital signage or create unique feeds specifically designed for more mobile audiences. Carousel Daily Feeds are distributed as links, QR codes or configured via MDM for users. The app allows for the inclusion of external URLs within the feed, seamlessly guiding viewers to essential destinations for tasks such as training completion, video viewing, CEO messages, annual enrollment, and any other matters demanding their attention. The service also provides analytics to help administrators measure audience engagement, including responsiveness to each call to action.

    “The Carousel Daily allows our customers to get the most value out of their communications efforts, and it does so without bombarding audiences with endless feeds full of information they don’t need,” said Eric Henry, President, Carousel Digital Signage. “Users can target people with the precise information they need to act on. Our corporate customers can go straight to the employees to announce a new training, or remind them to sign up for new benefits. Our K12 customers have the flexibility to create alternate feeds for students and parents, and retail operations can send internal updates relevant to store managers. The beauty is that nothing fundamentally changes about how they use Carousel Cloud. Customers use the same scheduling and content management toolsets to reach their audiences in new, exciting and impactful ways.”

    Carousel Daily comes free with a Carousel Cloud subscription and is licensed by audience size to meet the organization’s needs. Carousel Digital Signage partners with JAMF for customers that leverage mobile device management (MDM) services to manage, secure and deploy Carousel Daily onto end-user devices. As Apple Education Partners, Carousel and JAMF are dedicated to bringing the best Apple Experience to education and corporate customers.

    About Carousel Digital Signage

    Carousel is Digital Signage Content Management Software that is easy to use, scalable, and  reliable. With a deep feature set and strong technology partnerships Carousel gives you the most value in digital signage. Carousel Digital Signage is a division of Tightrope Media Systems. You can reach the Carousel team at (866) 866-4118, or visit www.carouselsignage.com.

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  • Save 20% on This 5-in-1 Wireless Charging Station | Entrepreneur

    Save 20% on This 5-in-1 Wireless Charging Station | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    If you are stressed out in your office daily, try cleaning up a little. The American Psychological Association reports that a cluttered space can be a major stressor, and it may be worse in a professional environment. It’s not just the people working there that a mess could affect.

    Keep your space organized with the same thing you use to keep your batteries full. The OMNIA Q5 Five-in-One Wireless Charging Station is a Kickstarter-funded power station that you can use to charge your iPhone, iPad, Apple Watch, AirPods, and Apple Pencil 2 at the same time. And you can get one for only $67.19 for a bit longer.

    Tidy area, tidy mind.

    The OMNIA Q5 5-in-1 Wireless Charging Station is a versatile charging solution designed to accommodate various devices simultaneously. Power up to five devices at the same time, including iPads, Apple Watch, iPhones, AirPods, and the Apple Pencil 1 or 2.

    Its modular design allows the charging station and pad to be used separately, which is great for professionals who need to get up and go quickly. This charger is equipped with USB-A and USB-C ports, so it can power multiple Apple Watch chargers or Android devices.

    This charging station also works as an ergonomic stand for iPads or iPhones. If you want to charge your device while in a video conference, you still don’t need another cable.

    Keep your space professional.

    A desk cluttered with devices is still a desk your clients, customers, or potential partners can see isn’t well organized. This charger is a simple, effective way of keeping your devices together, charged, and ready to use, and it’s on sale for a very liimited time.

    Get the OMNIA Q5 5-in-1 Wireless Charging Station for $67.19 with code ENJOY20 until March 10 at 11:59 p.m. PT.

    StackSocial prices subject to change.

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  • Stay Connected Abroad with This eSIM Card, Now Just $25 | Entrepreneur

    Stay Connected Abroad with This eSIM Card, Now Just $25 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    Forbes reports that 40% of Americans plan to travel more in 2024. If you’re among them, you may want to check out this game-changing tool for passionate travelers — the SimLemon Globetrotter eSIM. It’s a revolutionary way to stay connected while heading from the U.S. to Europe, with coverage in countries ranging from Austria and Ireland to Lithuania and Spain.

    If you want to ensure you can stay on top of work tasks while abroad, it’s time to take advantage of this deal on SimLemon Globetrotter’s eSIM. It can currently be yours for just $25 — $20 off the usual price tag — right here, with no coupon code needed. But you’ll have to act fast — this deal only runs through January 21.

    With SimLemon Globetrotter’s eSIM, you’ll receive a data-only eSIM card. You won’t get a phone number to use, but rather instant internet access. That means you’ve got convenient, effortless internet access both at home and abroad in Europe. And it couldn’t be easier to activate — just scan the QR code you’ll receive via a link, and you’ll be ready to get started without any other activation or registration steps required.

    This one-time prepaid package keeps things straightforward, so no pesky auto-renewals or confusing contracts are involved. Your eSIM connects to the local network where you are, which means it will be 5G where that speed is available, and there are no daily limits or throttling to worry about. It’s best to start using it within three months of purchase for the best performance, and it’s compatible with most phones on the market.

    Stay connected during your travels with the SimLemon Globetrotter’s eSIM, now just $25 with no coupon code required, through January 21 at 11:59 p.m. PT.

    StackSocial prices subject to change.

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  • Apple's stock falls after 'sell' call from Barclays

    Apple's stock falls after 'sell' call from Barclays

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    Shares of Apple Inc. are starting 2024 with a selloff, after Barclays analyst Tim Long said it was “time for a breather,” citing weak hardware sales as iPhone 15 demand disappoints.

    “We are still picking up weakness on iPhone volumes and mix, as well as a lack of bounce-back in Macs, iPads and wearables,” Long wrote in a note to clients. “The biggest takeaway from the latest checks is incrementally worse [iPhone] 15 data points out of China, together with developed markets remaining soft.”

    He cut his rating on the stock
    AAPL,
    -0.54%
    to underweight from neutral, and trimmed his price target to $160 from $161. The new target implies about 17% downside from Friday’s closing price of $192.53.

    The stock slumped 1.8% in premarket trading Tuesday, putting it on track to open at a seven-week low.

    Long said iPhone 15 sales have been “lackluster” and believes Phone 16 sales will be the same, as he expects other hardware categories to remain weak. He said it’s time for investors to take a “breather” on the stock, as he doesn’t think it can keep rallying in the face of downbeat demand data, like it did in 2023.

    “We expect reversion after a year when most quarters were missed and the stock outperformed,” Long wrote.

    He expects Apple to report “in-line” fiscal first-quarter results, which runs through December, but he trimmed his second-quarter to further below consensus expectations.

    He now expects earnings per share and revenue for the quarter through March to be down in the low-single-digit percentage range, while the FactSet consensus calls for EPS to be up 2.6% at $1.57 and revenue to rise 1.1% to $95.8 billion.

    Apple’s stock surged 48.2% in 2023, or almost double the S&P 500 index’s
    SPX
    gain of 24.2%, even as revenue for each quarter of fiscal 2023 through September was below that of a year ago.

    Long is now one of just four of the 44 analysts surveyed by FactSet who are bearish on Apple’s stock, while 27 (61%) are bullish and 13 are neutral. His $160 price target is 19.2% below the average target of $197.92.

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  • Why Sam Altman is a no-brainer for Time’s ‘Person of the Year’

    Why Sam Altman is a no-brainer for Time’s ‘Person of the Year’

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    Nothing has changed our lives more this year than the advances made in artificial intelligence — and they have the potential to alter our lives in even more dramatic ways down the road.

    So it’s a no-brainer that Sam Altman, co-founder and recently returned chief executive of the once-little-known OpenAI, should be named “Person of the Year” by Time Magazine when the selection is announced Wednesday.

    Altman has already cracked Time’s shortlist, joining candidates from varied backgrounds, including world leaders like Xi Jinping and entertainment phenomenon Taylor Swift. The selection ultimately comes down to an “individual or group who most shaped the previous 12 months, for better or for worse.”

    But Time has often given “agents of change” its yearly honor — just look at 2021 winner Elon Musk — and Altman certainly fits that bill.

    No other innovation in the past year has had an impact in such disparate realms. OpenAI publicly launched its ChatGPT chatbot late last year, and as the technology grew viral in 2023, it upended the stock market, Silicon Valley and companies that wouldn’t normally be classified as technology businesses. The ensuing product development and surge in generative AI investment revitalized a tech industry that had sunk into the doldrums amid a pandemic hangover.

    Admittedly, it will take time for companies to realize the true financial benefits of AI: Nvidia Corp.
    NVDA,
    -2.68%
    is among the few to generate serious money from the frenzy so far. But market researcher IDC predicted that global spending on AI, including software, hardware and services for AI-centric systems will reach $154 billion this year, up 27% from a year ago. That total could zoom above $300 billion by 2026.

    Also read: One year after its launch, ChatGPT has succeeded in igniting a new era in tech

    And AI isn’t only impacting the corporate world. The technology is already affecting our daily lives, and it will have even deeper effects going forward. Chatbots are getting smarter on websites, facilitating better customer service. They’re starting to alter the workplace as well, spitting out mostly coherent marketing copy, research and even, gasp, news articles — albeit with plenty of errors.

    At first, ChatGPT seemed like a fun way to kill time or get homework help, but the chatbot and its ilk will seriously alter the working world, helping to eliminate perhaps millions of jobs. Morgan Stanley recently predicted that more than 40% of occupations will be affected by generative AI in the next three years.

    Altman himself has been the face of OpenAI in the past year. He’s talked up the technology, but he also appeared at congressional hearings in May to discuss potential regulation of AI, testifying that “if this technology goes wrong, it can go quite wrong.” His recent firing and quick rehiring by OpenAI and its small, nonprofit board late last month fueled a veritable media storm before the Thanksgiving holiday in the U.S.

    Time chooses its persons of the year for their impact, not because they’re saints. And Altman’s own story is not without controversy. The recent brouhaha over his leadership of OpenAI is believed to have been caused by a deep schism over the ethics of AI development. The board seemingly wanted more guardrails and precautions, and feared that rushed development could irrevocably doom mankind.

    Read in the Wall Street Journal: How effective altruism split Silicon Valley and fueled the blowup at OpenAI

    Altman, who also wooed Microsoft Corp.
    MSFT,
    -1.43%
    to become an investor in OpenAI, emerged the victor in the upheaval with his own company’s altruistic board. Had Altman truly been fired from OpenAI, Microsoft was planning to hire him, and nearly every employee at OpenAI was ready to quit and follow him there. While OpenAI faces plenty of competition, including from Alphabet Inc.’s
    GOOG,
    -2.02%

    GOOGL,
    -1.96%
    Google, Altman should continue to be the face of AI development, for good and for bad, even as he has advocated industry regulation.

    The debut and influence of ChatGPT and follow-on AI products are having the biggest impact on tech development since the invention of the iPhone. Altman is at the center of it and leading the charge. Whether he can keep the lid on Pandora’s Box or not depends on many factors, but he and the company he leads are clearly driving a new tech movement that affects us all, whether we like it or not.

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  • Score a 6-in-1 Charging Cable for as Low as $16, Exclusively Here This Holiday Season | Entrepreneur

    Score a 6-in-1 Charging Cable for as Low as $16, Exclusively Here This Holiday Season | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    Almost half of Americans will be traveling this holiday season, according to Deloitte. If you’re among them, as an entrepreneur, you’ll likely want to make sure you stay connected with work even while you’re away. That’s where the InCharge X Max 6-in-1 100W Ultra-Fast 5-Foot Charging Cable comes in, offering a convenient way to stay powered up on the go.

    With the InCharge X Max, you can avoid the dreaded dead battery warning no matter where you are — or gift loved ones this charger as a primo stocking stuffer. And right now, in time for Black Friday, you can snag this multi-tasking cord for only $16.97 ($22 off the usual price) or two of them for $31.97 ($46 off the regular cost) with no coupon code required, exclusively here through November 27.

    Be prepared to charge nearly anything, thanks to the InCharge X Max. This charging cable is the ultimate multi-tasking, all-in-one, convenient charging cable. As a 6-in-1, you can charge USB to Lightning, USB to USB-C, USB to micro-USB, USB-C to USB-C, USB-C to Lightning, or USB-C to micro-USB. And that USB-C to USB-C offers ultra-fast charging up to an impressive 100W, with iPhones fast charging up to 18W, so you can get back to business.

    You can power up devices while you sync up with your laptop for maximum efficiency, with a super-quick 480Mbps data transfer speed. And you can enjoy peace of mind knowing this multi-use charger isn’t like your usual cords. It’s made of aramid fiber, braided copper wires, TPU cable guards, and nylon reinforcement for durability.

    Save big on a more convenient charging situation now through November 27 at these exclusive prices, with no coupon code required:

    Prices subject to change.

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  • Stuff Their Stockings with This Fast Wireless Charger for iPhone, Now Only $34.97 | Entrepreneur

    Stuff Their Stockings with This Fast Wireless Charger for iPhone, Now Only $34.97 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    As an entrepreneur, you know all too well the pain of being busy and nowhere near a charger. Since you don’t work conventional hours (52 hours a week, according to TeamStage), many a time, you’re tackling work problems from your smartphone, which is where a convenient charger can make all the difference.

    With the Speedy Mag Wireless Charger for iPhone, you can give yourself or a loved one the gift of easy charging. It makes a perfect stocking stuffer, and just in time for the holiday season, you can snag one for $34.97 — $85 off the usual price — now through November 27, with no coupon code needed.

    Power up conveniently anywhere with Speedy Mag Wireless Charger for iPhone, a modern handy gadget that makes everyday life a little easier. Equipped with a built-in magnet and metal plate, this charger sticks right to your iPhone without sliding off and starts automatically powering it back up instantly — no messy cords or hunting down an electrical outlet required. This charger works with any iPhone 12 or newer.

    Built-in safeguards that protect against overcharge provide peace of mind, and as soon as your phone is attached, you can enjoy fast charging that takes a lot less time than your everyday charger. It also comes in a chic white shade, making it as stylish as it is game-changing.

    Delight with a helpful stocking stuffer this season with the Speedy Mag Wireless Charger for iPhone, now $34.97 (reg. $119) with no coupon code needed through November 27 at 11:59 p.m. PT.

    Prices subject to change.

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  • Save $31 on This Portable Wireless Charging Station | Entrepreneur

    Save $31 on This Portable Wireless Charging Station | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    When you’re on the go and don’t always have time to give your devices a full charge, you need a portable charging solution. That’s where the MagStack Foldable 3-in-1 Wireless Charging Station with Floating Stand & 20W Adapter comes in. This clever, travel-friendly device is a lifesaver when you have multiple devices you need to charge and not a lot of time to do it. During our ramp-up to Black Friday, you can get it for $31 off through November 16.

    MagStack is a foldable, portable station that compresses into a 1″ wallet-sized stack that easily fits in your pocket or bag. When you need to charge your devices, just unfold it, and you’ll have three wireless charging spots that are compatible with wireless charging-capable iPhones, Apple Watches, AirPods, Android phones, and Bluetooth earbuds. You can charge three devices simultaneously with up to 20W of power, ensuring high-speed charging to get you back up to full capacity quickly.

    The device also snaps and folds into a floating stand to use your Apple Watch or smartphone in landscape mode while charging. It’s MagSafe compatible with your iPhone 12 to 15 series and works on all Apple Watch models. It even comes with a MagSafe metal ring to attach to non-MagSafe phone cases to get magnetic auto-alignment for all phone models. Plus, of course, it saves a ton of space when you’re charging on your desk at home or the hotel.

    Charge all of your devices on the go with ease.

    Now through November 16 at 11:59 p.m. PT, you can get the MagStack Foldable 3-in-1 Wireless Charging Station with Floating Stand & 20W Adapter for 42% off $74 at just $42.97.

    Prices subject to change.

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  • Here’s why you might not have to pay a 6% commission next time you sell a home

    Here’s why you might not have to pay a 6% commission next time you sell a home

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    Going back decades, if you wanted to buy or sell a stock on the open market, you had to pay a 2% commission to buy and a 2% commission to sell. Then the advent of discount brokerage, led by Charles Schwab Corp.
    SCHW,
    +1.64%    ,
    made lower commissions available until eventually, with improved technology and efficiency, the entire industry changed to enable the average investor to avoid commissions completely.

    But the internet hasn’t done much to reduce the cost of selling a home in the U.S. Sellers typically pay a 6% commission to a real-estate agent to list and sell a home, with the seller’s agent splitting that commission with the buyer’s agent. But all of that may change because of a verdict this week in a class-action lawsuit in federal court against the National Association of Realtors.

    Aarthi Swaminathan covers the case, what may happen next and the implications for home sellers and buyers:

    Real-estate advice from the Moneyist


    MarketWatch illustration

    Quentin Fottrell — the Moneyist — works with three readers to answer tricky real-estate questions:

    Economic outlook

    On Wednesday, Federal Reserve Chair Jerome Powell may have bolstered the case that the central bank is finished raising interest rates for this economic cycle. The federal-funds rate was left in its target range of 5.25% to 5.50%.

    Jon Gray, the president of Blackstone Group, spoke with MarketWatch Editor in Chief Mark DeCambre and said he expected the Fed to succeed in bringing down inflation without pushing the U.S. economy into a deep recession.

    Friday employment numbers: Jobs report shows 150,000 new jobs in October as U.S. labor market cools

    Bond-market trend switches again

    The U.S. Treasury yield curve has been inverted for nearly a year.


    FactSet

    Normally, longer-term bonds have higher yields than those with short maturities. But the yield curve has been inverted for nearly a year, with 3-month U.S. Treasury bills
    BX:TMUBMUSD03M
    having higher yields than 10-year Treasury notes
    BX:TMUBMUSD10Y.

    There has been elevated demand for long-term bonds, as investors have anticipated a recession and a reversal in Federal Reserve interest-rate policy. When interest rates decline, bond prices rise and vice versa.

    As you can see on the chart above, the yield curve was narrowing until mid-October. Yields on 10-year Treasury notes were close to 5% on Oct. 19, but they have been falling the past several days as the three-month yield has remained close to 5.5%.

    In this week’s ETF Wrap, Christine Idzelis reports on where all the money is flowing in the bond market.

    In the Bond Report, Vivien Lou Chen summarizes the action as investors react to the Federal Reserve’s decision not to change its federal-funds-rate target range this week and to other economic news.

    For income-seekers looking to avoid income taxes, here’s a deep dive into municipal bonds, with taxable-equivalent yields and a deeper look at those within four high-tax states.

    Ford’s good news — in the bond market

    Ford Motor Co.’s debt rating has been lifted by S&P to investment-grade.


    Getty Images

    Ford Motor Co.’s
    F,
    +4.14%
    credit rating was upgraded to an investment-grade rating by Standard & Poor’s on Monday. This takes about $67 billion in bonds out of the high-yield, or “junk,” market, as Ciara Linnane reports.

    A stock-market warning based on history

    The original Magnificent Seven.


    Courtesy Everett Collection

    By now you have probably heard the term “Magnificent Seven” used to describe stocks of the tremendous tech-oriented companies that have led this year’s rally for the S&P 500
    SPX
    : Apple Inc.
    AAPL,
    -0.52%    ,
    Microsoft Corp.
    MSFT,
    +1.29%    ,
    Amazon.com Inc.
    AMZN,
    +0.38%    ,
    Nvidia Corp.
    NVDA,
    +3.45%    ,
    Alphabet Inc.
    GOOGL,
    +1.26%

    GOOG,
    +1.39%    ,
    Meta Platforms Inc.
    META,
    +1.20%
    and Tesla Inc.
    TSLA,
    +0.66%    .
    With Tesla’s recent decline, that company is now the ninth-largest holding in the portfolio of the SPDR S&P 500 ETF Trust
    SPY,
    which tracks the benchmark index. Here are the top 10 companies held by SPY (11 stocks, including two common-share classes for Alphabet), with total returns through Thursday:

    Company

    		 Ticker

    		 % of SPY portfolio

    		 2023 total return

    		 2022 total return

    		 Total return since end of 2021
    Apple Inc.

    		 AAPL,
    -0.52%         		7.2%

    		 37%

    		 -26%

    		 1%
    Microsoft Corp.

    		 MSFT,
    +1.29%         		7.1%

    		 46%

    		 -28%

    		 5%
    Amazon.com Inc.

    		 AMZN,
    +0.38%         		3.5%

    		 64%

    		 -50%

    		 -17%
    Nvidia Corp.

    		 NVDA,
    +3.45%         		3.0%

    		 198%

    		 -50%

    		 48%
    Alphabet Inc. Class A

    		 GOOGL,
    +1.26%         		2.1%

    		 44%

    		 -39%

    		 -12%
    Meta Platforms Inc. Class A

    		 META,
    +1.20%         		1.9%

    		 158%

    		 -64%

    		 -8%
    Alphabet Inc. Class C

    		 GOOG,
    +1.39%         		1.8%

    		 45%

    		 -39%

    		 -11%
    Berkshire Hathaway Inc. Class B

    		 BRK.B,
    +0.80%         		1.8%

    		 13%

    		 3%

    		 17%
    Tesla Inc.

    		 TSLA,
    +0.66%         		1.7%

    		 77%

    		 -65%

    		 -38%
    UnitedHealth Group Inc.

    		 UNH,
    -0.98%         		1.4%

    		 2%

    		 7%

    		 9%
    Eli Lilly and Company

    		 LLY,
    -2.15%         		1.3%

    		 60%

    		 34%

    		 115%
    Sources: FactSet, State Street (for SPY holdings)

    Five of these stocks (including the two Alphabet share classes) are still down from the end of 2021. SPY itself has returned 14% this year, following an 18% decline in 2022. It is still down 7% from the end of 2021.

    Mark Hulbert makes the case that a decade from now, the Magnificent Seven are unlikely to be among the largest companies in the stock market.

    More from Hulbert: These dividend stocks and ETFs have healthy yields that can lift your portfolio

    A different market opportunity: India is seeing a multidecade growth surge. Here’s how you can invest in it.

    The MarketWatch 50


    MarketWatch

    The MarketWatch 50 series is back, with articles and video interviews starting this week, including:

    PayPal soars after earnings report

    PayPal CEO Alex Chriss.


    MarketWatch/PayPal

    After the market close on Wednesday, PayPal Holdings Inc.
    PYPL,
    +1.89%
    announced quarterly results that came in ahead of analysts’ expectations, and the stock soared 7% on Thursday even though the company lowered its target for improving its operating margin.

    In the Ratings Game column, Emily Bary reports on the positive reaction to PayPal’s new CEO, Alex Chriss.

    A less enthusiastic earnings reaction: EV-products maker BorgWarner’s stock suffers biggest drop in 15 years after downbeat sales outlook

    Consumers drive mixed reactions to earnings results

    Apple Inc. reported mixed quarterly results.


    Mario Tama/Getty Images

    Here’s more of the latest corporate financial results and reactions. First the good news:

    And now the news that may not be so good:

    Harsh verdict for SBF

    FTX founder Sam Bankman-Fried.


    AP

    It might seem that some legal battles never end, but it took only a year from the collapse of FTX for the cryptocurrency exchange’s founder, Sam Bankman-Fried, to be convicted on all seven federal fraud and money-laundering charges brought against him. The charges were connected to the disappearance of $8 billion from FTX customer accounts.

    Here’s more reaction and coverage of the virtual-currency industry:

    Want more from MarketWatch? Sign up for this and other newsletters to get the latest news and advice on personal finance and investing.

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  • Apple says it will fix app software problems blamed for making iPhone 15 models too hot to handle

    Apple says it will fix app software problems blamed for making iPhone 15 models too hot to handle

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    Apple Inc. is blaming a software bug and other issues tied to popular apps such as Instagram and Uber for causing its recently released iPhone 15 models to heat up and spark complaints about becoming too hot to handle.

    The Cupertino, Calif., company
    AAPL,
    +0.30%
    said Saturday that it is working on an update to the iOS17 system that powers the iPhone 15 lineup to prevent the devices from becoming uncomfortably hot and is working with apps that are running in ways “causing them to overload the system.”

    Instagram, owned by Meta Platforms
    META,
    -1.23%    ,
    modified its social media app earlier this week to prevent it from heating up the device on the latest iPhone operating system.

    Read: The Magnificent Seven could be considered the messy seven after a ‘meh’ third quarter

    Uber
    UBER,
    -0.33%
    and other apps such as the video game Asphalt 9 are still in the process of rolling out their updates, Apple said. It didn’t specify a timeline for when its own software fix would be issued but said no safety issues should prevent iPhone 15 owners from using their devices while awaiting the update.

    “We have identified a few conditions which can cause iPhone to run warmer than expected,” Apple in a short statement provided to The Associated Press after media reports detailed overheating complaints that are peppering online message boards.

    The Wall Street Journal amplified the worries in a story citing the overheating problem in its own testing of the new iPhones, which went on sale a week ago.

    Read: Here’s what Apple’s iPhone 15 says about the world

    It’s not unusual for new iPhones to get uncomfortably warm during the first few days of use or when they are being restored with backup information stored in the cloud — issues that Apple already flags for users. The devices also can get hot when using apps such as video games and augmented reality technology that require a lot of processing power, but the heating issues with the iPhone 15 models have gone beyond those typical situations.

    In its acknowledgement, Apple stressed that the trouble isn’t related to the sleek titanium casing that houses the high-end iPhone 15 Pro and iPhone 15 Pro Max instead of the stainless steel used on older smartphones.

    Apple also dismissed speculation that the overheating problem in the new models might be tied to a shift from its proprietary Lightning charging cable to the more widely used USB-C port that allowed it to comply with a mandate issued by European regulators.

    Although Apple expressed confidence that the overheating issue can be quickly fixed with the upcoming software updates, the problem still could dampen sales of its marquee product at time when the company has faced three consecutive quarters of year-over-year declines in overall sales.

    The downturn has affected iPhone sales, which fell by a combined 4% in the nine months covered by Apple’s past three fiscal quarters compared with a year earlier.

    Apple is trying to pump up its sales in part by raising the starting price for its top-of-the-line iPhone 15 Pro Max to $1,200, an increase of $100, or 9%, from last year’s comparable model.

    Investor worries about Apple’s uncharacteristic sales funk already have wiped out more than $300 billion in shareholder wealth since the company’s market value closed at $3 trillion for the first time in late June.

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  • Save 52% on This 3-in-1 Magnetic Wireless Charging Pad | Entrepreneur

    Save 52% on This 3-in-1 Magnetic Wireless Charging Pad | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    The word ‘busy’ doesn’t begin to describe it. As an entrepreneur, your days are maxed out with taking care of your growing business, plus all the personal or family stuff that comes with simply being a human. And if your desk is a mess of wires due to multiple devices charging, you’re not doing yourself any favors.

    An article in Harvard Business Review points out how a messy workspace can contribute to stress, anxiety, and even less productivity. And while it may seem like such a small thing, small things matter, and they add up. Streamline your charging experience and ditch the mess of wires clogging up your space with this 3-in-1 Magnetic Wireless Charging Pad.

    This foldable charging pad has three charging modules where you can wirelessly charge up your iPhone, AirPods, and Apple Watch — and any other Qi wireless-enabled devices — easily and efficiently.

    https://www.youtube.com/watch?v=8AWEVyxdnJo

    It’s specifically made with soft silicone and an ABS rubber glaze so that it can withstand repeated folding and bending. That means it’s a great charging pad to fold up and tuck in your bag for traveling. It’s even designed to fold 180°, which quickly turns into a phone stand to use for watching videos while you have lunch or take a video call with a client.

    With strong magnets to hold your devices in place and safety features like over-voltage protection, temp control, and foreign object detection, you can rest assured that your essential devices are safe.

    Let this modern charging pad help de-clutter your workspace and make charging simpler — all for a reasonable price.

    Pick up the 3-in-1 magnetic wireless charging pad now for just $32.99 (reg. $69).

    Prices subject to change.

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  • This 3-in-1 Cable Can Charge Your Apple Devices, and It’s on Sale for $25 | Entrepreneur

    This 3-in-1 Cable Can Charge Your Apple Devices, and It’s on Sale for $25 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    We’ve all been in a situation where we needed to power our device, and we grabbed the wrong charger because our charging spot was a mess of wires. And it’s not surprising since Statista reports that the average person in North America has 3.6 devices. Going without your daily devices or buying an expensive duplicate in a pinch are not great scenarios.

    An easy alternative is to get one wire that can charge your iPhone, AirPods, and Apple Watch simultaneously so you can reduce the cable clutter and always have the right charger on hand. This 3-in-1 Charging Cable can simultaneously charge your Apple Watch, AirPods, and iPhone, so you’ll be ready for all the things your busy day demands, whether it’s taking meetings or a phone call with a client.

    This cable has two Lightning connections and a spot to charge your Apple Watch. This means you can charge any Lightning-compatible device plus any Apple Watch. You get fast, original charging speed, so you don’t miss a beat while taking care of your business.

    With the safety of your devices in mind, it’s certified by CE/RoHS and features over-current, over-heat, and short-circuit protection. The cable is 3.9 feet long, so it’s perfectly portable to take with you when you travel.

    Available in a one- or two-pack — and at such a reasonable price — you can keep one in your home, office, and car to keep you charged up and ready to take on another busy day.

    Grab this potentially sanity-saving charger to streamline your charging situation and reduce cable clutter.

    It’s available in the following options:

    • A single 3-in-1 Charging Cable for your Apple Watch, AirPods, and iPhone: $24.99 (reg. $34).
    • Two-pack of 3-in-1 Charging Cables for your Apple Watch, AirPods, and iPhone: $34.99 (reg. $69).

    Prices subject to change.

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  • Apple event: iPhone 15, Apple Watch Series 9 and everything else on the way

    Apple event: iPhone 15, Apple Watch Series 9 and everything else on the way

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    Apple refreshed its iPhone and Apple Watch lineups at a Tuesday event that focused on camera and processing improvements for the phones as well as new gesture controls for the watch.

    Apple
    AAPL,
    -1.71%
    kept prices the same on three of its iPhone models, while boosting the starting price of the iPhone 15 Pro Max for the first time when it eliminated what previously was the smallest and cheapest configuration. The least expensive iPhone 15 Pro Max will cost $1,199 for 256GB of storage, which is what that configuration cost a year ago, though at that time there was also a cheaper 128GB option. Apple previously had stuck with a $1,099 base price on the iPhone Pro Max since it rolled out that model in 2019.

    Both the iPhone 15 Pro and the iPhone 15 Pro Max will feature Apple’s custom designed A17 Pro processor, a faster chip that the company says will boost the mobile gaming experience.

    The Pro models are getting slight design enhancements, including new titanium casing and slimmer edges. Apple says that the use of titanium, rather than stainless steel, makes the models lighter than their predecessor.

    Perhaps the best camera upgrade is exclusive to the Pro Max. That phone will have a better telephoto camera supporting up to five-times zoom, compared with three times before, and will be able to capture three-dimensional video that can be viewed with Apple’s soon-to-launch Vision Pro headset.

    See also: Vision Pro could be Apple’s biggest hit since iPhone

    The iPhone 15 and iPhone 15 Plus will receive enhancements, too, including speed boosts via Apple’s A16 processor and camera upgrades that will support better use of portrait mode. The satellite connectivity feature that launched on last year’s iPhones will expand to include roadside assistance as well.

    After facing criticism for the iPhone’s “notch,” Apple turned that space into a Dynamic Island on Pro models last year. Now that technology is coming to the base-level models as well, so users will be able to use that space for more functional means like changing songs.

    iPhone users may be able to throw away their Lightning cables if they get the new models, as all four will charge with the more universal USB-C connectivity, as will other Apple devices such as AirPods Pro. Apple did not spend a lot of time addressing the change from its proprietary “Lightning” connecter, which was forced by new European rules requiring universal connections.

    More on iPhone 15: Apple increases base price on highest-end iPhone for first time

    Apple also detailed the new Apple Watch Series 9 lineup, which includes the second version of the Apple Watch Ultra. The new base Apple Watches will have a new S9 chip that could lead to speed and efficiency improvements and faster load times, the same 18-hour battery life, a new FineWoven fabric band and up to 2000 nit brightness display. The Apple Watch Ultra 2 has features including 36 hours of battery life, an S9 SiP chip, and a 3000-nit brightness display

    The new Apple Watch Series 9 also features a new “double-tap” gesture, which allows people to answer calls and interact with their watch by tapping their index finger and thumb together when their non-watch hand is being previously occupied.

    For more: New Apple Watch Series 9 — cost, new features, and when it comes out

    The new Apple Watch models are set to become available for preorder immediately following the Sept. 12 launch event, and will be available for regular purchase on Friday Sept. 22.

    Apple said the new Apple Watch would be its first fully carbon-neutral device, and dedicated a solid chunk of its hour-and-a-half presentation to discussing environmental sustainability efforts. The company is aiming to be completely carbon-neutral across its operations and supplier operations by 2030.

    Apple also noted that it will no longer use leather in Watch bands, nor any other product. The company also moved up its goal for ditching all plastic packaging — it now expects to accomplish that by the end of 2024.

    See: Apple to drop plastic packaging by end of next year, no leather cases for iPhone15

    Apple added new pink colors to its iPhone and Watch lineup as well. The company also added two new tiers to its iCloud product, which will offer options for 6 and 12 terabytes of remote storage after previously topping out at 2 terabytes.

    Apple stock declined during and after the event, ending the day’s session with a 1.7% drop at $176.30 that helped push the Dow Jones Industrial Average
    DJIA
    to a slight daily decline. That’s a larger decline than Apple’s average daily performance on iPhone event days historically, but the past has also shown that shares typically rise between the September announcement and the actual launch of the phones.

    Market snapshot: Stocks fall after Apple unveils iPhone 15, with U.S. inflation data looming

    Apple’s stock has increased 35.7% so far this year, easily outpacing the 16.9% increase of the S&P 500 index.
    SPX

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  • New Apple Watch Series 9: cost, new features, and when it comes out

    New Apple Watch Series 9: cost, new features, and when it comes out

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    Apple’s AAPL keynote event on Tuesday debuted several new products including the iPhone 15, and the much-anticipated Apple Watch Series 9.

    Prices for Apple’s refreshed new watch start at $399 — the same price as the previous watch models when they first debuted.

    Among the new features in the Apple Watch Series 9 is a new S9 chip that could…

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  • The economy is doing better than anyone thinks, but these troubles are in the pipeline, says Bill Ackman

    The economy is doing better than anyone thinks, but these troubles are in the pipeline, says Bill Ackman

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    Stock investors are showing some hesitancy for Tuesday, with big signals on the economy coming this week via consumer prices and retail sales. Ahead of that, Apple is expected to tempt consumers with yet another new iPhone on Tuesday.

    How much should investors be worrying right now? Our call of the day from Pershing Square Capital Management manager Bill Ackman says that in the near term, we can relax a little, but it isn’t all roses.

    Read: Hedge funds have bailed on the U.S. consumer in a big way, Goldman Sachs data finds

    He told the Julia La Roche Show in an interview where he felt like he had a “crystal ball of what was going to happen,” starting in January 2020 with the COVID-19 outbreak, and that carried on through interest rates and the economy. Indeed, the manager reportedly made nearly $4 billion on a couple of pandemic-related bets.

    “I would say the crystal ball has clouded a bit in the last period. I think these are unusual economic times and perhaps we always say that, but I don’t think this is a pattern that has been repeated…or it hasn’t been for more than 100 years,” he said.

    But he remains near-term upbeat. “For two years, people have been saying that recession’s around the corner and you know we’ve had a very different view, and continue to have this view that I think people are coming around to, that the economy is actually still quite strong,” he said.

    And while those on lower-income rungs have burned through a lot of COVID savings, he thinks the economy has yet to really see impact from the big fiscal stimulus seen in recent years.

    Looking down the road though, Ackman has got a stack of concerns over the economy. He sees about a third of federal debt due to get repriced meaning that over a relatively short period of time, “interest expense will become a much bigger part of the deficit that is not going to be a contributor to the economy.”

    And while higher interest rates do help savers, ultimately that will be a big drag on the economy, he said, adding that rising inflation, mortgage rates, car payments and credit card rates, are all set to slow the economy.

    “We’re still in the midst of a war and there’s political uncertainty you know with an upcoming election,” he said. That partly explains Pershing Square’s hedge via a short position on the 30-year Treasury bond
    BX:TMUBMUSD30Y
    that he laid out in a tweet in early August.

    For roughly a year, long-term Treasury yields have been trading below short-dated ones, which is known as an inverted yield curve, a phenomenon that’s often seen as a precursor to recession.

    “I don’t see inflation getting back to 2% so quickly, if at all, and if in fact we’re in a world of persistent 3% inflation, you know it doesn’t make sense to have a 4.3%, 4.25% Treasury yield,” he said.

    Other risks? Ackman remains worried about regional banks following the spring crisis, as many have big fixed-rate portfolios of assets that have gotten less and less valuable as rates rise. “I would say the commercial real estate picture has not gotten better, if anything, you know, you’re going to start seeing real defaults, particularly with office assets,” he said.

    “Regional banks have the most exposure to construction loans so they are going to be a lot of construction loans that won’t be able to repaid. There will be a lot of restructurings, so either the investors groups are gonna have to put in a lot more equity or the banks are going to start taking some losses,” he said.

    Ackman says investors also face a presidential campaign that could add some stress. The hedge-fund manager said he’s surprised there have not been “more and better alternative candidates” for the 2024 campaign over President Joe Biden and former President Donald Trump.

    He’d like to see JPMorgan Chase & Co. CEO Jamie Dimon toss his hat in the ring and believes Biden is “beatable,” by a strong candidate.

    Ackman himself said it’s “possible,” he himself could run someday, but he’s more focused on having a better investment track record over Berkshire Hathaway Chairman and CEO Warren Buffett — and needs some 30 years to match the Oracle of Omaha.

    Read: Here’s an easy way to make a more concentrated play on the ‘Magnificent Seven’ stocks

    The markets

    Stock futures
    ES00,
    -0.36%

    NQ00,
    -0.45%
    are tilting south, led by tech, with Treasury yields
    BX:TMUBMUSD02Y

    BX:TMUBMUSD10Y
    steady to a touch lower and the dollar
    DXY
    recovering some ground.

    Read: Watch this ‘canary in the coal mine’ for signs of trouble in markets, Neuberger Berman CIO says

    For more market updates plus actionable trade ideas for stocks, options and crypto, subscribe to MarketDiem by Investor’s Business Daily.

    The buzz

    Oracle shares
    ORCL,
    +0.31%
    are down 10% in premarket trading after disappointing guidance from the cloud database group.

    Apple’s
    AAPL,
    +0.66%
    big event kicks off at 1 p.m. Eastern, with the launch of the pricier iPhone 15 expected to be on the agenda.

    Hot ticket. Arm Holdings’ IPO is already 10 times oversubscribed and bankers will stop taking orders by Tuesday afternoon, Bloomberg reports, citing sources.

    Tech’s wild week: How Apple, Google, AI, Arm’s mega IPO could set the agenda for years

    Upbeat results are boosting shares of convenience-store operator Casey’s General Stores
    CASY,
    -1.02%    .

    Packaging giant WestRock
    WRK,
    -1.48%
    and rival Smurfit Kappa
    SK3,
    -8.87%
    have announced a stock and cash tie up. WestRock shares are up 8% in premarket.

    Read: U.S. budget deficit will double this year to $2 trillion, excluding student loans

    Best of the web

    No better than gambling? Amateur investors are piling into 24-hour options.

    Demand for oil, coal, gas to peak this decade, IEA chief says

    U.S. takes on tech giant Google in landmark case.

    The chart

    Bank of America’s global fund manager survey for September sees investors still bearish, but no longer on the extreme side. Here’s the chart:

    Read: Fund managers just made their biggest shift ever into U.S. stocks — and out of emerging markets

    The tickers

    These were the most active stock-market tickers on MarketWatch as of 6 a.m. Eastern:

    Ticker

    		 Security name
    TSLA,
    +10.09%         		Tesla
    AMC,
    +2.23%         		AMC Entertainment
    CGC,
    +81.37%         		Canopy Growth
    NVDA,
    -0.86%         		Nvidia
    GME,
    -3.90%         		GameStop
    AAPL,
    +0.66%         		Apple
    ACB,
    +72.17%         		Aurora Cannabis
    NIO,
    +2.89%         		Nio
    MULN,
    +5.77%         		Mullen Automotive
    AMZN,
    +3.52%         		Amazon

    Random reads

    “Worst investment ever.” Brady Bunch fan buys original house for cut-price $3.2 million.

    And the house from the “Halloween” slasher films just sold for $1.8 million.

    China may ban clothes that hurt people’s feelings.

    Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.

    Listen to the Best New Ideas in Money podcast with MarketWatch financial columnist James Rogers and economist Stephanie Kelton.

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  • Tech’s wild week: How Apple, Google, AI, Arm’s mega IPO could set the agenda for years

    Tech’s wild week: How Apple, Google, AI, Arm’s mega IPO could set the agenda for years

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    The second week of September, as in the NFL, marks a kickoff of sorts for the tech year.

    Headlined by Apple Inc.’s
    AAPL,
    +0.72%
    seminal iPhone event on the second Tuesday of the month at Apple Park, and anchored by Salesforce Inc.’s
    CRM,
    +0.33%
    wildly popular Dreamforce conference up the road in San Francisco, these several days set a tempo as well as establish a road map for the industry over the next 12 months. They also open the floodgates on tech conference season, with shows stacked up over the next several weeks for Facebook parent Meta Platforms Inc.
    META,
    +3.33%    ,
    Microsoft Corp.
    MSFT,
    +1.21%    ,
    and Oracle Corp.
    ORCL,
    +0.32%    .

    Oh, and there’s that initial public offering from Arm Holdings Plc, the chip designer owned by SoftBank Group Corp.
    9984,
    +3.86%
    that is expected to value Arm at $50 billion to $54.5 billion on a fully diluted basis. Another IPO candidate, delivery startup Instacart, also plans a public offering that would value it at $7.5 billion. Both deals could jump-start what has been a somnolent tech IPO market the past few years.

    For that reason alone, this jam-packed tech week might hold even more import, and consequences, than previous years. A confluence of legal tussles, macroeconomic conditions, a trade war with China, and regulatory bluster have raised the stakes.

    “It’s a tale of two cities with this week’s events highlighting both the issues and opportunities in tech,” Silicon Valley analyst Maribel Lopez said in an interview, assessing the week. “Arm’s IPO showcases the strength of tech and AI at a time when the AI forum and Google-DoJ shine a light on the concern that a few companies are wielding tremendous power for the future of the world.”

    Consider: Hours before Apple is expected to unveil a new crop of iPhones more noteworthy for pricing than features, Alphabet Inc.’s
    GOOGL,
    +0.51%

    GOOG,
    +0.47%
    Google faces off with the Justice Department in a federal court in Washington, D.C.

    Justice Department officials argue that Google illegally leveraged agreements with phone makers such as Apple and Samsung Electronics Co.
    005930,
    +0.71%
     and with internet browsers like Mozilla to be the default search engine for their customers, thus preventing smaller rivals from gaining access to that business.

    “This is a backwards-looking case at a time of unprecedented innovation, including breakthroughs in AI, new apps and new services, all of which are creating more competition and more options for people than ever before,” Google General Counsel Kent Walker said in a statement.

    The following day, Wednesday, Senate Majority Leader Chuck Schumer, D-N.Y., convenes an all-star panel of CEOs from Meta, Microsoft, Google, OpenAI and Palantir Technologies Inc.
    PLTR,
    +4.82%    .

    As lawmakers ruminate on how to harness AI responsibly, bipartisan legislation is in the works. Sens. Richard Blumenthal, D-Conn., and Josh Hawley, R-Mo., are among those crafting a bill.

    Even Apple and Salesforce aren’t immune from recent events: Apple has endured a relatively rough patch of disappointing (for them) revenue and iPhone sales while balancing risk/reward with its huge investment in China, and Salesforce CEO Marc Benioff has threatened to relocate Dreamforce to Las Vegas after more than two decades in his hometown of San Francisco if drug use and homelessness disrupt this year’s event.

    The most pressing concern, when all is said and done, is AI — which hovers like the Death Star over the tech landscape.

    “The biggest concern is the forum is behind closed doors, which could lead to regulatory capture, where dominant players in the industry help influence the regulations being imposed,” Kimberlee Josephson, associate professor of business administration at Lebanon Valley College (Pa.), said in an interview. “It’s almost as if it puts them in the hot while giving them a seat at the table at the same time.”

    “At the very least, it sends the signal that something is being done,” she said. “Antitrust cases are so subjective. What constitutes barriers to entry? DoJ adds a level of seriousness.”

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  • Here’s an easy way to make a more concentrated play on the ‘Magnificent Seven’ stocks

    Here’s an easy way to make a more concentrated play on the ‘Magnificent Seven’ stocks

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    Investors in index funds have been well rewarded by a high concentration in the largest technology companies over the past decade. But there are also continuing warnings about the risk of such heavy concentrations, even in index funds that track the S&P 500. Solutions are offered to limit this risk, but if you expect Big Tech to continue to drive the broad market returns over the coming years, why not make an even more focused bet?

    Comparisons of three index-fund approaches highlight how successful concentration in the “Magnificent Seven” has been.

    The Magnificent Seven are Apple Inc.
    AAPL,
    +0.16%    ,
    Microsoft Corp.
    MSFT,
    +0.72%    ,
    Nvidia Corp.
    NVDA,
    -2.03%    ,
    Amazon.com Inc.
    AMZN,
    +2.17%    ,
    Alphabet Inc.
    GOOGL,
    -0.27%

    GOOG,
    -0.32%    ,
    Tesla Inc.
    TSLA,
    +9.37%
    and Meta Platforms Inc.
    META,
    +1.67%    .
    We have listed them in the order of their concentration within the Invesco S&P 500 ETF Trust
    SPY,
    which tracks the S&P 500
    SPX.
    The U.S. benchmark index is weighted by market capitalization, as is the Nasdaq Composite Index
    COMP
    and the Russell indexes.

    SPY is 27.6% concentrated in the Magnificent Seven. One way to play the same group of 500 stocks but eliminate concentration risk is to take an equal-weighted approach to the index, which has worked well for certain long periods. But here, we’re focusing on how well the concentrated strategy has worked.

    Let’s take a look at the group’s concentration in three popular index approaches, then look at long-term performance and consider what happened in 2022 as rising interest rates helped crush the tech sector.

    Here are the portfolio weightings for the Magnificent Seven in SPY, along with those of the Invesco QQQ Trust
    QQQ,
    which tracks the Nasdaq-100 Index
    NDX
    and the Invesco S&P 500 Top 50 ETF
    XLG
    :

    Company

    		 Ticker

    		 % of SPY

    		 % of QQQ

    		 % of XLG
    Apple Inc.

    		 AAPL,
    +0.16%         		7.05%

    		 10.85%

    		 12.46%
    Microsoft Cor.

    		 MSFT,
    +0.72%         		6.65%

    		 9.53%

    		 11.76%
    Amazon.com Inc.

    		 AMZN,
    +2.17%         		3.30%

    		 5.50%

    		 5.84%
    Nvidia Corp.

    		 NVDA,
    -2.03%         		3.02%

    		 4.44%

    		 5.33%
    Alphabet Inc. Class A

    		 GOOGL,
    -0.27%         		2.17%

    		 3.12%

    		 3.83%
    Alphabet Inc. Class C

    		 GOOG,
    -0.32%         		1.88%

    		 3.11%

    		 3.32%
    Tesla Inc.

    		 TSLA,
    +9.37%         		1.79%

    		 3.10%

    		 3.17%
    Meta Platforms Inc. Class A

    		 META,
    +1.67%         		1.77%

    		 3.60%

    		 3.12%
    Totals

    		  

    		 27.63%

    		 43.25%

    		 48.83%
    Sources: Invesco Ltd., State Street Corp.

    The same group of seven companies (eight stocks with two common share classes for Alphabet) is at the top of each exchange-traded fund’s portfolio, although the top seven for QQQ aren’t in the same order as those for SPY and XLG. QQQ’s weighting was changed recently as the underlying Nasdaq-100 underwent a “special rebalancing” last month.

    Here’s a five-year chart comparing the performance of the three approaches. All returns in this article include reinvested dividends.


    FactSet

    QQQ has been the clear winner for five years, but it is also worth noting how well XLG has performed when compared with SPY. This “top 50” approach to the S&P 500 incorporates many stocks that aren’t listed on the Nasdaq and therefore cannot be included in QQQ, which itself is made up of the largest 100 nonfinancial companies in the full Nasdaq Composite Index
    COMP,
    +0.45%    .

    Examples of stocks held by XLG that aren’t held by QQQ include such non-tech stalwarts as Berkshire Hathaway Inc.
    BRK.B,
    +0.77%    ,
    Johnson & Johnson
    JNJ,
    +0.79%    ,
    Procter & Gamble Co.
    PG,
    +0.94%    ,
    Home Depot Inc.
    HD,
    -0.12%
    and Nike Inc.
    NKE,
    -0.42%    .

    Now let’s go deeper into long-term performance. First, here are the total returns for various time periods:

    ETF

    		 3 Years

    		 5 Years

    		 10 Years

    		 15 Years

    		 20 Years
    SPDR S&P 500 ETF Trust
    SPY     		40%

    		 69%

    		 223%

    		 370%

    		 531%
    Invesco QQQ Trust
    QQQ     		41%

    		 113%

    		 430%

    		 882%

    		 1,158%
    Invesco S&P 500 Top 50 ETF
    XLG     		41%

    		 85%

    		 262%

    		 404%

    		 N/A
    Source: FactSet

    Click on the tickers for more about each ETF, company or index.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    There is no 20-year return for XLG because this ETF was established in 2005.

    For five years and longer, QQQ has been the runaway leader, but for 5, 10 and 15 years, XLG has also beaten SPY handily, with broader industry exposure.

    Something else to consider is that during 2022, when SPY was down 18.2%, XLG fell 24.3% and QQQ dropped 32.6%.

    For disciplined long-term investors, the tech pain of 2022 may not seem to have been a small price to pay for outperformance. And it may have been easier to take the pounding when holding SPY or even XLG that year.

    Here’s a look at the average annual returns for the three ETFs:

    ETF

    		 3 years

    		 5 years

    		 10 years

    		 15 years

    		 20 years
    SPDR S&P 500 ETF Trust
    SPY     		11.8%

    		 11.0%

    		 12.4%

    		 10.9%

    		 9.6%
    Invesco QQQ Trust
    QQQ     		12.0%

    		 16.3%

    		 18.2%

    		 16.4%

    		 13.5%
    Invesco S&P 500 Top 50 ETF
    XLG     		12.2%

    		 13.1%

    		 13.7%

    		 11.4%

    		 N/A
    Source: FactSet

    So the question remains — do you believe that the largest technology companies will continue to lead the stock market for the next decade at least? If so, a more concentrated index approach may be for you, provided you can withstand the urge to sell into a declining market, such as the one we experienced last year.

    Here is something else to keep in mind. In a note to clients on Monday, Doug Peta, the chief U.S. investment strategist at BCA, made a fascinating point: “The only novel development is that all the heaviest hitters now hail from Tech and Tech-adjacent sectors and are therefore more prone to move together than they were at the end of 2004, when the seven largest stocks came from six different sectors. “

    Nothing lasts forever. Peta continued by suggesting that investors who are tired of big tech taking all the glory “need only wait.”

    “[I]f history is any guide, their time at the top of the capitalization scale will be short,” he wrote.

    Don’t miss: These four Dow stocks take top prizes for dividend growth

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  • Apple Stock Is Rising. Tech Names From Tesla to Nvidia Can Breathe a Sigh of Relief.

    Apple Stock Is Rising. Tech Names From Tesla to Nvidia Can Breathe a Sigh of Relief.

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    The fortunes of


    Apple


    the world’s largest public company, have a tendency to lead around much of the rest of the stock market. After the tech giant’s woes contributed to widespread declines last week, investors can now breath…

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  • The iPhone 15 is coming: Everything to expect from Apple’s big event

    The iPhone 15 is coming: Everything to expect from Apple’s big event

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    For Apple fans, it’s almost that time of year again. 

    The company is expected to launch the iPhone 15 at an event Tuesday, but don’t get too excited about the new phone. This year, the biggest change from Apple
    AAPL,
    +0.35%
    could be the iPhone’s price.

    Apple tends to introduce new iPhones every year in the fall, and lately, the company has been keeping prices the same even as it upgrades the technology. That may not be the case this year, though, with some thinking that Apple could boost the price of its Pro-level models by $100 or $200 compared with what an iPhone 14 Pro currently sells for.

    That’s notable because iPhones are already pretty expensive, with the cheapest iPhone 14 Pro option selling for $999 and the priciest iPhone 14 Pro Max configuration going for $1,599.

    “Given the popularity of the iPhone 14 Pro models compared to the iPhone 14 models, Apple may believe consumers will be willing to pay more without much fuss,” Monness, Crespi, Hardt & Co. analyst Brian White wrote in a recent report. “Moreover, Apple may feel a price hike is warranted given the inflationary forces that have disrupted the economy over the past couple of years.”

    Morgan Stanley’s Erik Woodring is less certain that Apple will hike prices broadly. The company could boost the price of its Pro Max phone by $150 to account for an expected new rear-facing periscope lens, but it’s “very un-Apple-like to raise prices across the board in the midst of a smartphone market down 11%,” he wrote. He said he expects the company to keep prices the same on the regular Pro model and its two base-level options.

    One key issue for iPhone enthusiasts — and Apple investors — is when the new phones will be ready for sale. Most of the iPhone models Apple introduced last year hit stores in mid-September, but there are some concerns about potential production delays this year.

    Read: Waiting for the iPhone 15? You might have to hold out longer than you think.

    “The broad availability of the iPhone 15 Pro Max could be October given some manufacturing challenges,” BofA Securities analyst Wamsi Mohan wrote recently.

    iPhone feature updates have become more incremental in recent years, and Apple watchers aren’t expecting anything groundbreaking this time around either. New iPhones always tend to be a little faster than their predecessors, and this year’s models might charge more quickly too. There’s a catch, though, as Apple is expected to switch out its proprietary Lightning cable for the more universal USB-C cord. 

    While the Pro models get a lot of attention, White said that those looking to buy base-level models could see some enhancements. Reports “have highlighted the potential for the iPhone 15 and iPhone 15 Plus to be graced with certain features found on last year’s more expensive Pro models, including the A16 chip, Dynamic Island, and a 48-megapixel camera,” he wrote.

    Why go Pro? Apple could move to a titanium frame from its prior stainless-steel casing and make camera enhancements. Mohan highlighted the potential for a periscope-type telephoto lens on Max versions.

    Apple fans “should also see more casing quality color differentiation between the Pro and regular series to help drive vanity switchers to the higher-priced models,” Jefferies analyst Andrew Uerkwitz wrote recently.

    There could be a dark blue color option for the iPhone Pro line this year, for example, according to 9to5Mac. That said, those content with the base-level model might be enticed by a pink version of that phone, with 9to5Mac noting that that’s one of several rumored pastel color options.

    Read: Here’s why Wall Street may be overreacting about Apple’s China’s challenges

    Apple is also expected to refresh its Apple Watch lineup at Tuesday’s event. Bloomberg News has reported that the Apple Watch Series 9 could feature a faster processor, though it will have the same general design as past models. Apple is also expected to keep the look the same on an upgraded version of its Ultra Watch, and that might come in a black color option.

    The event kicks off at 1 p.m. Eastern time Tuesday and will be available for live viewing on Apple’s site.

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  • Power Up Devices More Efficiently With This Two Pack of Wall Chargers, Now $36.99 | Entrepreneur

    Power Up Devices More Efficiently With This Two Pack of Wall Chargers, Now $36.99 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    According to Android Authority, though the typical battery capacity of a smartphone is bigger than it used to be, since 2018, it has largely plateaued. That means we’re all left with the same problem…scrambling to find a phone charger throughout the day. As a busy entrepreneur, time is money — you need your devices to be fully charged always, and you shouldn’t have to wait for hours to use them again.

    If you’re tired of constantly looking for a charging cord or leaving your device connected to an outlet forever waiting for it to power back up, the 30W Slim Wall Chargers can help. These powerful, super slim wall models not only offer universal compatibility, but all charge up your device quickly. And right now, a two-pack is just $36.99 (reg. $119), right here for a limited time.

    With these 30W Slim Wall Chargers, powering up devices has never been easier. They offer an integrated swivel plug for your convenience that provides 270 degrees of flexibility, and have a slim stature that doesn’t take up much space. But don’t be fooled by their tiny size — they offer the ability to quickly charge three devices at once, thanks to their three USB ports.

    The slim size of these 30W Slim Wall Chargers means they’re excellent for taking on the go, as they fit easily in a purse or pocket. Their universal compatibility means you don’t have to bring extra cords wherever you go during your busy day, either. And you can have peace of mind knowing they offer an advanced safety design that protects your devices from overheating. They also come in a convenient two-pack, so you can leave one at home and one at the office.

    Keep devices powered up easily with this two-pack of 30W Slim Wall Chargers, now just $36.99 (reg. $119) for a limited time.

    Prices subject to change.

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