The Daily Upside

Autos

Uber Promises to Spend $10 Billion On Robotaxis as Growth Disappoints Investors

Photo via Kazuki Oishi/Sipa USA/Newscom

Investors looked past Uber’s revenue growth Wednesday to focus on risks to the company from the robotaxi revolution.

2 min read
Hedge Funds

Citadel’s Flagship Fund Delivers Standout Gains After Buying Situational’s Distressed Book

Photo via IMAGO/Kobe Li/IMAGO/Nexpher Images/Newscom

Snapping up most of Situational Awareness’s public equities portfolio proved a near-immediate coup for Citadel, whose flagship fund rose 5.9%.

2 min read
Advisor Upside

Client Withdrawals Can Outpace Organic Growth if RIAs Aren’t Careful Enough

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RIAs lose 2% to 5% of their AUM annually through client withdrawals, but they’re also averaging just 3% to 4% in organic growth each year.

2 min read
ETF Upside

BlackRock’s Treasury Fund TLT Falls to 22-Year Low

Image Credit: iStock, AdamParent

Rising yields on long-term Treasurys pushed the largest long-term bond fund, iShares 20+ Year Treasury Bond ETF (TLT), to a 22-year low.

2 min read

Advisor Upside

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

Anthropic Moves Deeper into Financial Services with Claude for Advisors

Photo via VCG/Newscom

2 min read
PEPs Are Popping Seven Years After Secure Act Passage

Photo by Getty Images via Unsplash

2 min read
Shopping for Value? Malls Now Rank as Hottest Commercial Real Estate

Photo by Krisztina Papp via Unsplash

1 min read

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