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.

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
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

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