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.

Autos

GM Sputters Through Latest Earnings Report

(Photo by U.S. Department of Agriculture under Public Domain Mark 1.0)

The good news is that GM generated about $3.1 billion in profit in the quarter. The bad news is that this is the only good news.

2 min read
Big Tech

Meta Faces Lawsuit From 41 States Alleging Harm to Young Users

(Photo by Anthony Quintano under CC BY 2.0)

A sprawling lawsuit alleging Meta intentionally designed Instagram and Facebook with features it knew were harmful to younger users.

2 min read
M&A

Chevron’s Hess Acquisition Fuels Broader M&A Frenzy

(Photo by Jazz Guy under CC BY 2.0)

On Monday, Chevron said it would acquire energy player Hess for $53 billion. It’s the latest megadeal in a wildly active industry this month.

2 min read
Technology

Lloyd’s of London Warns of Worst-Case-Scenario Cyberattack

(Photo by Markus Spiske on Unsplash)

According to a Lloyd’s study published Wednesday, a cyberattack on global payments systems could cause $3.5 trillion of economic damage.

1 min read
Media & Entertainment

NBA Gears Up For Major Media Contract Negotiations

(Photo by Marius Christensen on Unsplash)

The National Basketball Association is on a full-court press to secure its next round of broadcast rights.

2 min read
Banking

Goldman Sachs Sees Profits Plummets Amid Consumer Pivot

(Photo by Connor Lin/The Daily Upside)

Goldman Sachs saw its profits slump 33% in its latest quarter, as the bank continues retreating from the consumer banking sector.

2 min read
Healthcare

Corporate America is Fretting the Rising Costs of Employee Healthcare

(Photo credit: CDC/Unsplash)

Health insurance costs are expected to surge by as much as 6.5% next year, according to a recent survey from consulting firm Mercer.

1 min read
Indicators

Recession Increasingly Unlikely, WSJ Economist Survey Finds

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In The Wall Street Journal’s quarterly survey of economists respondents pegged the chance of a recession in the next year at just 48%.

2 min read
Media & Entertainment

The Show’s Over: Is Hollywood Moving Past Peak-TV?

Photo by Samantha Borges via Unsplash

A scale back in production was inevitable to achieve positive cash flow. But can Hollywood’s streaming era survive with fewer new TV shows?

6 min read
Consumer

Ikea Slashes Prices Amid Cooling Inflation

(Photo by Czapp Árpád on Pexels)

On Thursday, Ikea announced that cooling inflation means it can finally return to its customer-friendly ways.

1 min read
International Economics

Ireland Is Launching a Sovereign Wealth Fund

(Photo by Aboodi Vesakaran on Unsplash)

On Tuesday, Ireland said it wants to leverage its corporate tax revenue from tech giants to create a sovereign wealth fund.

1 min read
International Economics

Oil Leaps, Shekel Falls After Israel Declares War

(Photo by Alex Simpson on Unsplash)

Crude oil prices jumped to $89 a barrel as Hamas’s attack on Israel drove concerns of wider conflict across the oil-rich Middle East.

2 min read
Finance

Goldman Sachs Launches Platform for Third-Party ETFs

(Photo by m. on Unsplash)

Goldman Sachs launched its ETF accelerator platform, intended to help smaller third-party funds enter the $10 trillion market.

1 min read
Real Estate

Mortgage Rates Inch Toward 8% and Nobody’s Happy About it

(Photo by Scott Webb on Unsplash)

US mortgage rates have climbed past 7.5% — further tightening an increasingly impossible-to-crack housing market.

1 min read
Healthcare

Pharma Giants Combine Forces to Fight New M&A Rules

(Photo by Towfiqu Barbhuiya on Unsplash)

Some of pharma’s biggest players — including Merck, Amgen, Abbvie, and Gilead — formed an alliance to fight looming M&A reforms.

2 min read
Industrials

Blue Origin Grounds Commercial Space Station Plans

(Photo by Blue Origin)

Blue Origin is expected to back out of plans to build a commercial space station in conjunction with corporate partners.

1 min read
Electric Vehicles

Rivian Finally Sees Sales Increase, But Not Nearly Fast Enough

(Photo by Wes Hicks on Unsplash)

On Monday, Rivian announced an expectations-beating jump in deliveries for its third quarter. But a new report says it’s still losing money.

2 min read
Social Media

Snap Squashes its Nascent AR Enterprise Division

(Photo by Alexander Shatov on Unsplash)

Snap shuttered its ARES unit — that’s Augmented Reality for Enterprise Services — after launching it just a few months ago.

1 min read
Markets

The Market Might Be Losing its Mojo

(Photo by Aditya Vyas on Unsplash)

On Tuesday, the S&P 500 and the Nasdaq 100 both sank to their lowest respective levels in three months. What has investors so anxious?

2 min read
Policy & Power

US State Dept Extends Rare $2 Billion Defense Loan to Poland

(Photo by U.S. Army Europe under Public Domain Mark 1.0)

The US State Department announced a low-interest $2 billion direct loan agreement to help Poland modernize its defense program.

1 min read

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