Good morning, Warren Buffet went broke.. but only for couple hours. NYSE glitch caused Berkshire Hathaway stock to appear 99% down.

In today’s issue:

• Berkshire Hathaway down 99% because of technical issue.

• $4.8M funding for Ontario entrepreneur program.

• Bank of Canada: Interest rate cuts speculations and more business stuff.

• IOS 18 update: find out new features.

• Spotify is raising prices again.

• Instagram getting greedy for ad revenue and more.

• 5 tools to boost your productivity.

Let’s get into it.

MARKETS

🤯 Berkshire Hathaway down 99% because of technical issue

A technical glitch on the New York Stock Exchange caused Warren Buffet’s Berkshire Hathaway shares to appear nearly 99% down during Monday morning's trading. Bank of Montreal (BMO) was also among the affected stocks.

What happened?
The issue stemmed from the Consolidated Tape Association's price-band mechanism. Trading was halted for Berkshire Hathaway, Barrick Gold, and Nuscale Power. 40 stocks, including Chipotle and Bank of Montreal, were affected.

Why is this a big deal?
This incident highlights the vulnerability of even the most robust trading systems, underscoring the need of reliable software in maintaining market stability.

FUNDING

💰️ $4.8M for Ontario entrepreneur program

Ontario announces a $4.8 million investment over two years to expand the Starter Company Plus program, aiming to support 500 additional entrepreneurs.

The details:

• Funding increase: Program’s total annual funding now $6.5 million.

• Support offerings: One-on-one mentoring, workshops, seminars, networking, and grants up to $5,000.

• Eligibility: Must be 18+, Ontario resident, Canadian citizen/permanent resident, and not attending school full-time.

Why it matters: By expanding support for entrepreneurs, Ontario is fostering business growth, job creation, and ensuring the province remains a prime destination for business development.

BIZ BITES

📉 Interest rate cuts speculations

The Bank of Canada will announce its latest interest rate decision on Wednesday, with speculation of a possible rate cut. - Bloomberg CA

🤑 Shein set to IPO at $64B

Shein's anticipated London IPO filing could happen this week, potentially valuing the online fashion giant at $64 billion.

🚀 Roaring Kitty shows up, GameStop goes up

GameStop shares skyrocketed after Keith Gill "Roaring Kitty," posted a $116 million bet on the stock, marking his first Reddit activity in three years.

SOFTWARE

📱 IOS 18 is coming next week

Apple’s WWDC next week is set to reveal groundbreaking AI integrations in iOS 18, including a significant partnership with OpenAI.

Stay ahead on new features coming:

• Siri’s AI-enabled future: Enhanced with Apple’s LLMs for natural commands and multi-step tasks, coming to Apple Watch as well.

• Photos and Safari: AI retouching for photos and intelligent summaries for Safari pages.

• Notes and Voice Memos: AI recaps, transcriptions, and math-solving features.

• iMessage overhaul: Generative AI emojis, text recaps, and deeper Siri integration.

• Enhanced apps: AI in Calendar, Mail, Control Center, and more.
  

APPS

🎵 Spotify raising prices again

A year after its first price hike, Spotify is raising prices for its Premium, Duo, and Family plans in the US starting next month.

The price changes:

• Premium: $10.99 → $11.99 per month.

• Duo: $14.99 → $16.99 per month.

• Family: $16.99 → $19.99 per month.

Any new features?
A new "Supremium" plan with lossless streaming and Dolby Atmos features is rumored.

TECH BITES

🛑 Instagram testing “unskippable” ads

Instagram is testing a new feature where users must watch "ad breaks" which will force you to stop and watch the ad before continue scrolling. Instagram is pushing for ad revenue by what cost?

💻️ Window 11’s new recall feature raises security concerns

Windows 11's new Recall feature, which captures screenshots of user activity, is being labeled a security "disaster" by researchers.

PRODUCTIVITY

5 Tools to Boost Your Productivity

1. 🌖 MoonBeam A long-form writing AI assistant to never write from scratch again.

2. 📚 Morise AI Reads your videos and generates everything in seconds.

3. ✏️ Yaara Use AI to write proven, high-converting copy.

4. 🧠 Taskade Five AI-powered tools in one to supercharge your team productivity.

5. 💡 Mixo Launch a startup in seconds with AI.

FEEDBACK

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