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.

Real Estate

Seemingly Nothing Can Jumpstart The Housing Market

Photo via Wu Xiaoling / Xinhua News Agency/Newscom

Existing home sales inched up a lower-than-expected 0.2% in April, according to data released Monday by the National Association of Realtors.

2 min read
Enterprise AI

Corning Hits Record High After Signing Up AI Clients

Photo via Fan Peishen / Xinhua News Agency/Newscom

Corning, the company that invented Pyrex, is commanding Wall Street’s attention as a supplier of fiber optics for AI.

1 min read
Economics

Can Bitcoin Fix the US Housing Market? Fannie Mae Is Finding Out

Photo illustration by Connor Lin / The Daily Upside, Photos by Filistimlyanin via iStock and Freepik

Fannie Mae is buying mortgages backed by cryptocurrency holdings. Is it the start of a housing renaissance or a new market crisis?

5 min read
Energy

Shell Pumps Out Banner Profits Despite Iran War’s Seismic Upheaval

Photo via Ian L. Sitren/ZUMAPRESS/Newscom

The boom was thanks in large part to the rapid price swings, which sparked huge demand from big buyers such as airlines and utilities players.

2 min read
Media & Entertainment

Wall Street Fetes D’Amaro Like a Disney Prince as Earnings Beat Buoys Stock Price

Photo via Joe Burbank/TNS/Newscom

Revenue in the Entertainment division climbed 10% to $11.7 billion, with its streaming unit reporting an 88% leap in operating income.This was Josh D’Amaro’s first earnings report as CEO, and the market treated it as a coronation.Disney shares…

1 min read
Consumer

Non-Alcoholic Beer Buoys Spirits for AB InBev Investors

Photo via Steve Heap

Shares of the beermaker soared after it reported modest sales growth in its most recent quarter on Tuesday driven by its NA beer labels.

1 min read
Artificial Intelligence

Anthropic, OpenAI Team with Private Equity to Rev Up AI Adoption

Photo via Vincent Isore/ZUMAPRESS/Newscom

OpenAI’s joint venture with private equity giants will turn some 2,000 portfolio companies into potential AI adopters.

2 min read
Technology

SoftBank Maps Out $100 Billion Robotics Spinoff

Photo via Pete Speller/Avalon

Softbank is planning to bundle a bouquet of existing bets together into a new venture at the intersection of AI and robotics.

2 min read
Finance

Berkshire’s Annual Meeting Shines Spotlight on Buffett Successor Greg Abel

Photo via John Angelillo/UPI/Newscom

Class B shares of the company have lagged the S&P 500 by 37 percentage points in the past 12 months, the worst such stretch since 2000.

2 min read
Industrials

General Dynamics Fights Through Wartime Slump

Photo via Polaris/Newscom

Shares soared 8% on an earnings beat Wednesday, erasing much of the losses the company has suffered since the start of the war in Iran.

2 min read
Energy

UAE Kicks OPEC to the Curb as Iran War Strains Oil Market

Photo via Maksim Konstantinov/ZUMA Press/Newscom

It’s a devastating blow for an oil cartel that had been slowly fracturing for years amid the US shale oil boom.

2 min read
Artificial Intelligence

OpenAI Ties Up Loose Ends as Wall Street Awaits IPO

Photo via Florian Gaertner/IMAGO/BMF/Newscom

On Monday, the ChatGPT-maker announced in a statement that it is seriously redefining the terms of its ongoing relationship with Microsoft.

2 min read
Technology

Big Telecom Frets Over Dwindling Subscriber Growth

Photo via Richard B. Levine/Newscom

The trend is bedeviling the entire US telecom industry as the domestic cellular market reaches its final stages of maturity.

1 min read
Media & Entertainment

Netflix Pitches ‘Buyback-and-Chill’ Strategy

Photo via Yonhap News/YNA/Newscom

A first-quarter earnings beat last week was overshadowed by weak second-quarter guidance that suggested growing subscriber churn.

2 min read
Electric Vehicles

Time to Revoke Tesla’s Magnificent Seven Card?

Photo via Allison Robbert – Pool via CNP/ZUMAPRESS/Newscom

Tesla trades at around 183 times forward earnings, behind only Boeing and Warner Bros. Discovery on the S&P 500.

2 min read
Industrials

Getting Physical: Jeff Bezos’s Billion-Dollar Quest to Fire Up Manufacturing with AI

Photo via Paul Hennessy/ZUMA Press/Newscom

The aptly code-named startup Project Prometheus is close to scoring a new $10 billion fundraise at a cool $38 billion valuation.

1 min read
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

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