The Daily Upside

Zuckerberg to ‘Move Out’ Meta’s Low Performers by Axing 5% of Workforce

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It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.

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AI’s Coming for Wall Street Jobs

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Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.

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Vanguard Flips the Script on 60/40 Rule

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The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.

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Ads Featuring Burning Dollar Bills? UK Watchdog Says Nope

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The UK Advertising Standards Authority said Wahed Invest can no longer run posters with flaming US and EU bills.

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Spain Slaps 100% Property Tax on Non-EU Buyers

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It’s part of a collection of measures to address the country’s housing crisis, Spain’s Prime Minister Pedro Sánchez says.

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Bill Ackman’s Pershing Square Wants to Be the Next Berkshire

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Pershing Square has announced a formal bid for Howard Hughes, the real estate developer where Ackman served as chairman for over a decade.

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Goldman Realigns Banking and Markets Divisions to Form Mega-Deals Team

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The Wall Street firm said parts of its investment banking and markets divisions will be combined to form a team focused on mega-deals.

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What Enterprise Leaders Can Take Away From CES

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In Las Vegas, AI took center stage – and with it, Nvidia.

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AI Market Concentration May Cause an Ethics Responsibility Shift

Photo via Connor Lin / The Daily Upside

In a concentrated market, who’s responsible for responsible AI?

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Workplaces Face a Balancing Act with Generative AI Monitoring

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Where should businesses draw the line with large language model utilization?

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Advertisers Worry Facebook May Become X

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Advertising big wigs say they may flee Meta platforms if their brands appear next to toxic content. But where else would they go?

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The Most Important Pharma Event in America Kicks Off Today With High Hopes for M&A

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Some 8,000 industry movers and shakers are expected today for the annual JPMorgan Healthcare Conference, or simply JPM.

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Coffee and Chocolate Are the Reigning Commodity Kings

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The tight supply of both beans meant trading prices were extremely volatile, and the result was that cocoa almost tripled in price last year.

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Collectibles are Fun but Risky Investments

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

A portfolio doesn’t have to be just stocks and bonds. You can add something a little more fun, say your favorite vintage baseball cards.

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Biden Administration Eyes Data Center Regulations

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Which way Trump will lean on the issue is difficult to say, though tech companies have worked hard to curry the incoming president’s favor.

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LA Wildfires Exacerbate California’s Insurance Crisis

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California was already contending with a home insurance crisis due to unpredictable weather events. Then came this week’s fires.

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Britain Grapples With Exploding Borrowing Costs

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England had a rude awakening this week, as the United Kingdom was transported back in time to one of the most tumultuous years in its history.

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The Bitcoin ETFs That Offer 100% Downside Protection

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Defined outcome ETFs have long promised virtually risk-free investing, but also place significant caps on potential gains.

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Looking for an Advisor Job? Better Bring a Book of Business

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Assets under management requirements are becoming a high hurdle for early-career advisors looking for a new role.

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Merrill Lynch’s Latest Game Plan to Court the World’s Rich

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A new division will connect the firms’ wealthiest clients with other products and services on the Bank of America platform.

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Advisor Upside

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

Can ‘Terror Management Theory’ Explain Inheritance Spending?

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Meet the BlackRock ETF Taking Aim at Invesco’s QQQ

Photo via Erik McGregor/Sipa USA/Newscom

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Neurocrine Scoops Up Hunger-Drug Maker in Latest Multi-Billion-Dollar Pharma Deal

Photo via Andre M. Chang/ZUMAPRESS/Newscom

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