Brian Boyle

brian@thedailyupside.com

Brian Boyle (he/him) is Lead Reporter at The Daily Upside. His writing has previously appeared in outlets such as Vice, Slate, and The Los Angeles Times, where he was a contributing writer on the opinion section. He lives in Los Angeles.

Markets

Blowout Earnings Reports Give Wall Street Reason to Believe the Bull Case

Photo via JOHN ANGELILLO/UPI/Newscom

The S&P 500 ticked down 0.24% on Monday, snapping a 14-day winning streak that pushed the market to a record close on Friday.

2 min read
Media & Entertainment

Saudi’s Sovereign Wealth Fund Calls It Quits on Golf … And Maybe More

Photo via Vernon Yuen/ZUMAPRESS/Newscom

The exit came just after PIF itself last week released its five-year investment plan for its $925 billion sovereign wealth fund.

1 min read
Energy

Sweating It Out: Data Centers Plus Summer Heat Raises Power Bills, Blackout Risk

Photo illustration by Connor Lin / The Daily Upside, Photo by Alptraum via iStock

The US electrical grid isn’t ready for the double whammy of peak air conditioner usage and peak data center power needs. What happens now?

4 min read
Consumer

PepsiCo’s Lower Snack Prices Dish Up an Earnings Win

Photo via Lindsey Nicholson/UCG/Universal Images Group/Newscom

If McDonalds struggled to sell $6 cheeseburgers, it’s no wonder Pepsi’s Frito-Lay brand struggled to sell $6 bags of Doritos.

1 min read
Finance

Why Loosening Rules for Day Traders Is a Victory for Brokers

Photo via Richard B. Levine/Newscom

Traders with less than $25,000 in assets in their margin accounts had been banned from making more than four trades across a five-day period.

1 min read
Artificial Intelligence

OpenAI Teams with Novo Nordisk to Speed Prescription Drug Development

Photo via Ritzau Scanpix/Sipa USA/Newscom

The move comes as OpenAI watches rival Anthropic make big enterprise splashes with its Claude Code and Mythos AI tools.

2 min read
Banking

Lackluster Fixed-Income Revenue Dulls Bright Quarter for Goldman Sachs

Photo via IMAGO/Nicolo Campo/Newscom

The fixed-income, currencies and commodities business generated revenue of just $4 billion in Q1, a 10% decrease from a year ago.

2 min read
Media & Entertainment

Universal Music Group (Ackman’s Version): Hedge Fund Mogul Makes $63B Takeover Bid

Photo via Christine Olsson/ZUMAPRESS/Newscom

n the proposed deal, UMG would merge with Pershing Square SPARC Holdings, a blank-check special-purpose acquisition rights company.

2 min read
Media & Entertainment

Mideast Sovereign Wealth Funds Back Paramount’s WBD Takeover

Photo via BONNIE CASH/UPI/Newscom

Saudi Arabia’s Public Investment Fund, the Qatar Investment Authority, and Abu Dhabi’s L’imad Holding Co are all aboard, per the WSJ.

2 min read
Energy

Power Plant Builder Argan Rides Data Center Boom to Blowout Gains

Photo via NICOLAS MAETERLINCK/Belga/Sipa USA/Newscom

By 2030, as much as one-third of data centers will be powered entirely by on-site and off-grid power generation, according to Bloom Energy.

1 min read
Industries

Looming “Oil Cliff” Pinches Airline Profits, Traveler Wallets

Photo via imageBROKER/Jochen Tack/Newscom

Average jet fuel prices have outpaced the rise in oil prices, soaring about 100% in the month since the start of the Iran war.

2 min read
Semiconductors

Sandisk Stock Nearly Triples in Record Quarter

Photo via John Marshall Mantel/ZUMAPRESS/Newscom

The massive demand for flash memory in AI chips is creating lots of good memories for Sandisk shareholders.

1 min read
Electric Vehicles

Rivian’s E-Bike Spinoff Scores Billion-Dollar Valuation

Photo via ALSO.

The e-bike industry has spent the last year in a Chapter 11 shredder, but a new “War Economy” at the pump is changing the math.

1 min read
Consumer

Lower Prices Scramble Outlook for Egg Giant Cal-Maine

Photo via Richard B. Levine/Newscom

During its third-quarter earnings call tomorrow, executives will continue to pitch shareholders on the company’s egg-breaking transformation.

2 min read
Artificial Intelligence

OpenAI Touts Early Advertising Win After Buzzkill Cutbacks

Photo via Florian Gaertner/IMAGO//Newscom

The fledgling ChatGPT advertising network reached $100 million in annualized revenue in just two months since its launch.

1 min read
Social Media

Lawsuit Losing Streak Adds Existential Angst to Meta’s Pivot

Photo via Tom Williams/CQ Roll Call/Newscom

Shares of Meta plummeted roughly 8% on Thursday as investors digested the implications of the court losses.

2 min read
Finance

Why American Express Doesn’t Fear an Agentic AI Shop-ocalypse

Photo via Matthias Balk/dpa/picture-alliance/Newscom

Is it possible Citrini underestimated the dopamine rush Millennials get when they use credit card points to book a “free” flight to Bali?

2 min read
Industrials

NASA Scopes Out $30 Billion Base on Moon’s Surface

Photo via CNP / Polaris/Newscom

The space agency also said Tuesday that it is planning to build a new nuclear-powered robotic spacecraft to launch to Mars by 2028.

2 min read
Energy

Energy Crisis Powers Up Big Payday for LNG Exporter Venture Global

Photo via Gerard Bottino / SOPA Images/Sipa USA/Newscom

Morgan Stanley analysts on Monday granted the US LNG exporter a rare double upgrade, changing its rating from underweight to overweight.

2 min read
Energy

Baker Hughes Undergoes an AI Makeover

Photo via Peter Bennett/Citizen of the Planet/Newscom

The company said this year that it is on track to double its data center-related orders to $3 billion in the three years through 2027.

1 min read

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