The Daily Upside

Consumer

Luckin Coffee is Coming to Starbucks’ Home Turf

Photo by Amin via CC BY-SA 4.0

China’s biggest coffee chain, Luckin Coffee, is eyeing an American expansion that could undercut the market for $10 chai lattes.

1 min read
Economics

Saudi Arabia’s Sovereign Wealth Fund is Homeward Bound

Photo by Vadim Nefedov via iStock

Saudi Arabia’s Public Investment Fund (PIF) signaled on Tuesday that it’s dialing down its investments outside the kingdom’s borders.

2 min read
Advisor Upside

Do Elections Matter to Markets?

Photo by Greg Thames via Pexels

Most advisors agree that elections have little impact on markets, but that’s not stopping investors from bracing their portfolios.

2 min read
Advisor Upside

Citi Targets Active ETFs in Europe

Photo by Scott Webb via Unsplash

Through its white label platform, the bank hopes to be a dominant force in Europe’s growing active ETF market.

2 min read
Advisor Upside

How Advisors Can Help Turn 529s Into Roth IRAs

Photo by Joslyn Pickens via Pexels

A new law under the Secure 2.0 Act will allow unused savings from 529 education investment funds to be transferred to a Roth IRA tax-free.

1 min read
Technology

Who’s at Fault in the CrowdStrike-Delta Summer Meltdown?

Photo by Chris Rank via CC BY 2.0

Delta Airlines is suing CrowdStrike, which was behind the glitchy software update that sparked a global outage of critical flight systems.

1 min read
Media & Entertainment

MLB is Loving the Ohtani Effect

Photo by Joe Glorioso/All-Pro Reels via CC BY-SA 2.0

MLB World Series viewership is way up, thanks in part to Japan-born Los Angeles Dodger Shohei Ohtani. And brands have noticed.

2 min read
Big Tech

Meta Readies AI Search Engine to End Reliance on Google, OpenAI

Photo by Anthony Quintano via CC BY 2.0

Meta is developing an artificial intelligence-based search engine to stake its claim in a rapidly growing market.

2 min read
Patent Drop

Snap’s Generative AR Patent May Target Developers, Brands

Photo via U.S. Patent and Trademark Office

But Meta’s AI may have Snap’s beat “just in sheer volume” of data, one expert said.

2 min read
Patent Drop

PayPal Blockchain Security Patent Could Build Crypto Trust

Photo via U.S. Patent and Trademark Office

PayPal wants to make crypto transactions less risky.

2 min read
Patent Drop

Nvidia Eyes AI Guardrails Patent as Chip Sales Soar

Photo via U.S. Patent and Trademark Office

It’s hard to place exactly how much responsibility chipmakers have in ensuring that their tech is used the right way.

2 min read
Autos

Mercedes-Benz Profits Drop More than 50% in Third Quarter

Photo by Manuel Pappacena via Unsplash

Mercedes-Benz is en route to cut costs after profits in the third quarter more than halved year-over-year due to weaker demand in China.

1 min read
Markets

The NYSE Wants to Go 22/5 on Its Arca Exchange

Photo by David Vives via Unsplash

The NYSE said Friday that it plans to extend trading hours for equities on its electronic Arca exchange to 22 hours on weekdays.

2 min read
Industrials

Where is the Bottom for Boeing?

Photo by Balon Greyjoy via CC0 1.0

Boeing is considering a sale of its space unit, among other assets. The news comes as its bottom line grows more tenuous.

2 min read
Technology

Tech FOMO Can Hurt on the Comedown. Can the Cycle Be Broken?

Photo illustration by Connor Lin / The Daily Upside, Photo by Bigmouse108 via iStock

Shiny new innovations draw in ambitious founders and investors, and then FOMO brings in everyone else, making the eventual fall harder.

4 min read
Consumer

Hermès Keeps Up Its Luxury Exceptionalism

Photo by Moonik via CC BY-SA 3.0

Hermès reported financial results on Thursday that showed the scarf and handbag maker is doing pretty well.

1 min read
Media & Entertainment

WWE and UFC Parent Group TKO Takes Another Big Swing

Photo by Lorie Shaull via CC BY 2.0

TKO Group will be dropping $3.25 billion to acquire a trio of sports and entertainment properties from Endeavor.

1 min read
Big Tech

Klarna Shareholders Toss Director Overboard Amid Founder Feuding

Photo by Ross Tomei via iStock

Shareholders of Klarna ousted a board member closely affiliated with one of its feuding founders in advance of its IPO.

2 min read
Patent Drop

Amazon Privacy Patent Highlights ‘Data Repatriation’ Movement

Photo via U.S. Patent and Trademark Office

A cloud privacy patent from Amazon highlights the growing movement toward data repatriation, and the tricky situation it presents for cloud…

2 min read
Patent Drop

Meta Patent Could Make AI Both Personalized and Private

Photo via U.S. Patent and Trademark Office

Tech like this could keep Meta’s models from prompt attack data slips — or at least give it some “thought leadership brownie points.”

2 min read

FA Upside

Financial advisor news, market insights, and practice management essentials.

Walmart-Backed Fintech Scores Big Funding Round

Photo by Walmart Corporate via CC BY 2.0

1 min read
Eggs Break Consumers’ Wallets But Producer Stocks Are Sizzling

Photo by Jakub Kapusnak via Unsplash

2 min read
Nvidia Wants to Be Indispensable to the Self-Driving Industry Also

Photo via Nvidia Media Assets

2 min read