The Daily Upside

Banking

Goldman Sachs Gets Into the Geopolitical Advice Game

(Photo by Ken Lund under CC BY-SA 2.0)

Goldman Sachs is launching a sort of geopolitics-slash-technology research arm to advise clients who get anxious when they turn the news on.

1 min read
Patent Drop

Oracle’s Patent Could Keep AI From Spilling the Beans

Oracle wants to protect its AI models from being asked the wrong questions with a patent for a “machine learning model attack guard.”

3 min read
Economics

The Economy is Expected to Slow, Someday

(Photo by Blake Wisz on Unsplash)

The third quarter likely saw strong economic growth, which sounds like good news — unless you’re rooting for lower interest rates.

1 min read
Technology

Amazon Spins Up New Cloud Division for Europe

(Photo by Web Summit under CC BY 2.0)

Amazon said Wednesday that its Amazon Web Services cloud division is launching a “European Sovereign Cloud.”

1 min read

Social Media

Snap Patent Keeps Data Out of Third-Party Hands

Given that a large part of Snap’s user base is under 18, protecting user data is even more crucial.

2 min read
Big Tech

Microsoft Looks at User Protection After Log-in

Photo by Connor Lin/The Daily Upside

The patent highlights Zero Trust, the concept that cybersecurity shouldn’t stop at the gates to entry.

3 min read
OP-ED | Power Corridor

Once and For All, Is It Spending…Or Taxes?

America’s debt clock is ticking – the nation’s debt is at around $33.7 trillion and its deficit, in the latest fiscal year, has effectively…

4 min read
Power Corridor

Where the Money Went

SBF- Salt NY

The former chief executive of Alameda and star witness in the trial of her boss and former romantic partner, FTX co-founder Sam Bankman-Fried, described…

2 min read

OP-ED | Power Corridor

The Battle Hymn of Billionaire John Paulson

John Paulson, of “The Greatest Trade Ever” fame, is suing a former business partner tasked with running an investment empire for Paulson valued at…

2 min read
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
Banking

UK Abolishes Cap on Bankers’ Bonuses

(Photo by Christopher Bill on Unsplash)

The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014.

1 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
Industrials

Elon Musk and the EU are Going to Space Together

(Photo by SpaceX on Unsplash)

The European Space Agency has contracted Elon Musk’s SpaceX to launch navigation satellites next year, The Wall Street Journal reported.

1 min read
Regulation

Japan Warms Up to Ride-Hailing

(Photo by Derch on Unsplash)

Japan’s strict taxi rules have historically made it impossible for ride-hailing companies like Uber to crack the Land of the Rising Sun.

2 min read
Finance

Private Equity is Slightly Broken

As recently as 2021, the industry set a record by generating $1.4 trillion via outright sales or IPOs of portfolio companies. (A person could live on…

2 min read
Economics

US Consumers Are Falling Behind on Their Car Loans

(Photo Credit: Denys Nevozhai/Unsplash)

US drivers are late on their car loan payments at the highest rates on record, and the trend might not go away anytime soon.

1 min read
Geopolitics

Rich, Developing Nations Clash Over UN Climate Damage Fund

Discussions among countries broke down during their fourth round of talks about a pivotal green initiative from the United Nations.

1 min read
Patent Drop

Salesforce Looks at Ways to Simplify Machine Learning

Photo by Mitchell Breedlove on Unsplash

Salesforce wants to give anyone the power to make AI (so long as they have enough data).

2 min read
Patent Drop

Meta Wants to Put The Metaverse to Work

Photo by Minh Pham on Unsplash

Meta sunk a lot of cash into its metaverse bet. Now, it wants it to work.

2 min read

Advisor Upside

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

Crypto on Track for M&A Record With Coinbase’s $2.9B Derebit Takeover

Brian Armstrong, CEO of Coinbase. Photo by TechCrunch via CC BY 2.0.

2 min read
Lab-Grown Diamonds? Turns Out They’re Not De Beers’ Best Friend

Photo by Tupungato via iStock

2 min read
UK-US Strike Trade Deal Affirming ‘Special Relationship’

UK Prime Minister Keir Starmer. Photo by Simon Dawson / No 10 Downing Street via CC BY 2.0.

2 min read

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