The Daily Upside

Indicators

US Retail Sales Surge as Consumers Shrug Off Inflation, High Interest Rates

Photo by Mostafa Meraji via Unsplash

Sales rose 0.7% month-over-month — about double what many economists had predicted. Year-over-year, that’s a 4% jump.

1 min read
Big Tech

The Metaverse: Coming to a School Near You

Photo by Eren Li via Pexels

The tech titan plans to expand its virtual-reality headset into schools to enable immersive experiences.

2 min read
Banking

Goldman Sachs Leans On ‘Core Strengths’ to Crush Q1 Earnings

Photo by Maryland GovPics via CC BY 2.0

In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.

2 min read
Patent Drop

Adobe’s Latest Patent Aims to Keep AI From Making Mistakes

Photo via U.S. Patent and Trademark Office

“Real solutions to hallucination are going to be the next step change in AI.”

2 min read

Industrials

Bay Area Airports Battle Over What Gets to Be Called ‘San Francisco’

Photo credit: Supercarwaar/Wikimedia Commons

Oakland’s move to change its airport name to include the San Francisco Bay has irritated its bigger-city neighbors.

2 min read
Patent Drop

Airbus Patent Diagnoses Plane Malfunctions Through Sound

Photo via U.S. Patent and Trademark Office

As Boeing faces heat, Airbus may be looking at ways to boost production to meet the surge in demand.

2 min read
Inflation & Prices

Rent, Car Insurance Are Keeping Inflation High

Photo by Denys Nevozhai via Unsplash

Our new high-tech vehicles are becoming pricier to repair, and we’re getting in more accidents than ever before.

2 min read
Geopolitics

Crypto, Oil Markets In Flux With Growing Conflict in the Middle East

(Photo by Kanchanara on Unsplash)

Both asset classes could continue to swing wildly as the latest aggression in the region reverberates throughout the world.

1 min read

Social Media

Meta Patent Adds AI Voice Assistants Across Devices and Apps

Photo via U.S. Patent and Trademark Office

Its latest patent for a way to perform “concierge-type services” via voice adds to the company’s broader AI ambitions.

3 min read
Industries

America’s Passenger Rail has a New Ticket to Ride

Photo illustration by Connor Lin / The Daily Upside

The US’ often neglected railways might be on track for better days as the country pumps billions of dollars into outdated infrastructure.

6 min read
Consumer

Beer Sales Propel Constellation Brands to Strong Quarter

Photo by James Kern via Unsplash

The company’s flagship Modelo brand continues as top dog after surpassing Bud Light in sales last year.

1 min read
Electric Vehicles

Ford Is Enticing Tesla Owners With Special F-150 Lightning EV Discount

Photo via Ford

Ford is offering a $1,500 rebate to Tesla owners who may not want to wait around until 2025 for a pricey Cybertruck.

2 min read

Inflation & Prices

Europe Poised to Cut Rates Far Sooner Than US

Photo by European Parliament via CC BY 2.0

The European Central Bank signaled that it might be ready to pull the trigger in June.

2 min read
Patent Drop

Intel Patent Takes on Privacy at Eye Level

Photo of Intel’s AR/VR local processing patent via U.S. Patent and Trademark Office

The patents highlight the data privacy issues to come with the metaverse and its headsets.

3 min read
Finance

Goldman Sachs Mulls Exit From Big Tech Investments

Photo by Click See via CC BY-SA 2.0

The bank plans to take its profits off the table and repurpose them for new investments — primarily in energy and firms listed in Japan.

2 min read
Regulation

EPA Announces First Limits on ‘Forever Chemicals’ in Drinking Water

Photo by Andres Siimon via Unsplash

A US geological survey published in July 2023 found that as much as 45% of US drinking water could contain these compounds.

2 min read
Patent Drop

Nvidia Patent Keeps Data Centers Energy Efficient

Photo via U.S. Patent and Trademark Office

Nvidia wants to keep data centers from standing idle.

2 min read
Media & Entertainment

Roblox Gets into Video Ads

Photo by Village Global via CC BY 2.0

The gaming industry, like every other sector including banking and rideshare apps, is enmeshing itself even deeper into advertising.

1 min read
Patent Drop

PayPal’s Neural Network Patent Could Reveal the Firm’s AI Plans

Photo via U.S. Patent and Trademark Office

: PayPal wants to create AI that tracks all kinds of user behavior.

3 min read
Healthcare

Moderna Inches Nearer to Successful Cancer Vaccine

Photo by Polina Tankilevitch via Pexels

The company announced positive results in an early-stage trial of the individualized cancer vaccine it developed with Merck.

1 min read

Advisor Upside

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

ChatGPT to Help PitchBook Subscribers Delve into Startups’ Financial Data

Photo via imageBROKER/Timon Schneider/Newscom

1 min read
Visa, Mastercard Swipe Right on Fee Settlement. Will a Court Sign Off?

Photo by blinow61 via iStock

2 min read
Retiring Warren Buffett Pledges to Keep Betting on Berkshire Hathaway

Photo via Dennis Van Tine/ZUMAPRESS/Newscom

2 min read

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