Thirsty plant.

Recent News

‘Modelmaxxing’ Replaces ‘Tokenmaxxing’ for Firms Grappling With AI Costs

Photo illustration by Connor Lin / The Daily Upside

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Even Wealthy Retirement Savers Are Losing the Battle Against Everyday Bills

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Clients Make Assumptions About Retirement. They’re Often Wrong

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JUST FOR FUN

Thirsty plant.

The internodes, or segments, of the culm tissues in a bamboo plant can hold significant amounts of water.

Here's an example.https://t.co/1JdrHp7iU0
— Massimo (@Rainmaker1973) March 13, 2024

Photo via Daniel Torok/White House/Newscom

Energy

Saudi Nuclear Deal Confusion Threatens Billions in Potential US Manufacturing Sales

Most likely to benefit is Westinghouse, whose AP1000 nuclear reactor, capable of powering small cities, is at the center of the deal.

1 min read
Photo via Lev Radin/ZUMAPRESS/Newscom

Industrials

Defense Contractors Amass Record Backlogs as Military Spending Ramps Up

The Trump administration has asked for a 44% increase in military spending in 2027, bringing the Pentagon budget near $1.5 trillion.

2 min read

Photo via Richard B. Levine/Newscom

Private Equity

Blackstone’s AI Bet Fuels Blowout Growth While Rivals Grapple With “Zombie Funds”

Blackstone’s secret? Selling the one thing that’s hot: infrastructure for the vast artificial intelligence boom.

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Photo by Goh Rhy Yan via Unsplash

ETF Upside

Think Twice Before Asking AI About Clients’ Estate Planning

If you wouldn’t share client data with a stranger or a hostile attorney, don’t upload it into generic AI chatbot tools.

2 min read

Photo by Djkeddie via CC BY-SA 4.0

Advisor Upside

Schwab Earnings Boosted by Latest Tax-Focused Strategy

Executives said the firm’s 21% year-over-year revenue growth in the second quarter was partly due to RIAs’ continued interest in long-short strategies.

1 min read
Photo via Sipa USA/Newscom

Healthcare

Trump’s 100% Tariffs on Generic Meds Threaten Headaches at Drugstore Checkouts

Generic drugmakers have much thinner margins, and are less interested in “reshoring” to the US where the costs are higher.

2 min read

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