The Daily Upside

Banking

Canada’s Scotiabank Stakes Out $2.8 Billion in US Lender KeyCorp

Photo by Ryan Sharpe via CC BY-SA 4.0

Canada’s Scotiabank, one of the country’s big six lenders, announced Monday that it bought a 14.9% stake in US regional lender KeyCorp.

1 min read
Social Media

X Hit with AI Privacy Lawsuits in the EU

Photo by Sundry Photography via iStock

Nine privacy complaints have been filed against X in the European Union, alleging that Grok illegally hoovers up citizens’ user data.

2 min read
Patent Drop

What’s Next for Microsoft, Bing in the Google Antitrust Decision?

Photo of Microsoft's Informational Grounding Generative Model patent via U.S. Patent and Trademark Office

Microsoft’s generative AI search patents could help it gain ground against Google — especially amid its recent antitrust loss.

2 min read
Patent Drop

Nvidia Smart Data Center Patent Could Give Chip Giant ‘Design Control’

Photo via U.S. Patent and Trademark Office

Nvidia wants to make data centers a little bit smarter with its patent for energy-sharing server racks.

2 min read
Patent Drop

Snap Voice-Control AR Patent Highlights Roadblocks to Adoption

Photo via U.S. Patent and Trademark Office

The company has struggled to get its smart glasses off the ground, and faces roadblocks in cost and form factor, experts said.

2 min read
Markets

Growth is No Longer Just for Tech Megacaps

Photo by Jason Briscoe via Unsplash

S&P 500 stocks — excluding the Magnificent Seven — are on pace to deliver their first profit growth since the fourth quarter of 2022.

1 min read
Markets

The Carry Trade is Unwinding. How Much is Left to Go?

Photo by Jun Rong Loo via Unsplash

In a carry trade, you borrow money in a country with low interest rates and use it to buy a higher-interest-rate currency like the dollar.

1 min read
Big Tech

The DoJ Won, But Google’s Monopoly Status May Have Already Been in Peril

Photo by Igoriss via iStock

The DOJ prevailed in its lawsuit arguing Google illegally conducted business to maintain a monopoly in the search engine industry.

2 min read
Industrials

Is Monetization the Final Frontier for the Commercial Space Industry?

Photo illustration by Connor Lin / The Daily Upside, Photo by 3DSculptor via iStock

As the ISS is decommissioned, several space station projects are in the works, but a business model may be the final frontier.

5 min read
Real Estate

Apartment Building Loans May Be Just as Bad as Office Building Loans

Photo by Andreea Ch via Pexels

Tens of billions of dollars’ worth of apartment building loans and mortgages are at risk of distress as of the end of the second quarter.

2 min read
Markets

Proposed Nasdaq Rules Would Clamp Down on Risky Penny Stocks

Photo by Ajay Suresh via CC BY 2.0

After months of criticism for listing over 400 penny stocks, Nasdaq is proposing tightened rules to crack down.

1 min read
Artificial Intelligence

The UK Investigates Amazon’s Partnership with Anthropic

Photo by TechCrunch via CC BY 2.0

The UK’s Competition and Markets Authority is probing whether Amazon’s $4 billion partnership with Anthropic might break antitrust rules.

2 min read
Patent Drop

Intel’s AI Watermarking Patent Signals Big Tech’s Responsible AI Push

Photo via U.S. Patent and Trademark Office

A patent from Intel to verify AI-generated content signals that tech firms may be paying attention to the consequences of their models.

2 min read
Patent Drop

Block Crypto Infrastructure Patent Could Solve Blockchain’s Power Problem

Photo via U.S. Patent and Trademark Office

The filing highlights that the company is taking aim at the crypto hardware sector.

2 min read
Patent Drop

Airbus Patent Aims to Clean Up Airplanes’ Earth-Warming Contrails

Photo via U.S. Patent and Trademark Office

But stymieing aviation emissions may take more than just workarounds for contrails.

2 min read
Advisor Upside

India’s Growing Wealthy Are Grabbing Advisors’ Attention

Photo by Joegoauk Goa via CC BY-SA 2.0

With India’s wealthy citizens on the rise, wealth management firms are placing their bets on new services to help serve them.

1 min read
Advisor Upside

Is an Over-Concentrated Stock Market Fueling Volatility?

Photo by Peshkov via iStock

As the markets become increasingly reliant on a handful of stocks, experts say uncertainty could be a growing feature of equity investing.

2 min read
Advisor Upside

Morgan Stanley Faces SEC Questions Over Cash Sweeps

Photo by Krblokhin via iStock

Morgan Stanley is the latest firm to disclose an SEC inquiry into its cash sweep program that pays paper-thin interest rates to clients.

2 min read
International Economics

Italy Raises Tax on Wealthy Migrants’ Foreign Income by 100%

Photo by Chris Czermak via Unsplash

Italy doubled a flat tax on the foreign income of new residents, upping it from €100,000 to €200,000 annually.

1 min read
Banking

US Regulators Investigate Banks’ Responses to Scams on Zelle

Photo by Ablokhin via iStock

Major US banks are being probed by the Consumer Financial Protection Bureau (CFPB) over how they handle fraud on P2P payments app Zelle.

2 min read

FA Upside

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

Eli Lilly’s Weight-Loss Drug Finally Off FDA Shortage List

Photo by Jetcityimage via iStock

1 min read
Climate Change Forces Starbucks Deeper into Coffee R&D

Photo by Shelby Murphy Figueroa via Unsplash

2 min read
Dock Workers Agree to Pause Historic Strike To Negotiate New Contract

Photo by Chuttersnap via Unsplash

2 min read