The Daily Upside

Nvidia Robotics, Self-Driving Patents Could Make Its Chips Even More Popular

Photo via U.S. Patent and Trademark Office

Autonomous machines may need to be proactive, not reactive, to keep accidents from happening.

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Wells Fargo Cloud Patent Could Fight Data Security Risks

Photo via U.S. Patent and Trademark Office

Wells Fargo’s recent patent wants to make sure you can trust the cloud.

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Adobe Marketing Campaign Patent Adds to Professional AI Tools

Photo via U.S. Patent and Trademark Office

Adobe’s recent patent signals that it may be creating a marketing co-pilot.

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Schwab Says Farewell to Retiring CEO Walt Bettinger

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Charles Scwhab’s next chief executive Rick Wurster looks to continue the legacy of current CEO Walt Bettinger.

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Inside State Street and Apollo’s Private Market ETF

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The asset managers are hoping to offer the first private asset ETF and open up alternative investments to the masses.

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LPL Financial Terminates CEO Dan Arnold Over Alleged Misconduct

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The $17 billion financial firm fired chief executive Dan Arnold for allegedly violating the company’s code of conduct.

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Sen. Warren Blasts Advice Industry Over ‘Kickbacks’

Photo by Gage Skidmore via CC BY-SA 2.0

Conflicts of interest may be costing retirement savers $5 billion a year in fixed-index annuities, an investigation found.

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Toyota Invests $500 Million in Air Taxi Startup

Photo via Joby Aviation Photo

Toyota is investing $500 million into Joby Aviation, a California-based startup that wants to make flying taxis.

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OpenAI Closes Its Latest Funding Round with One Major Request

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As OpenAI wraps its latest funding round — a $6.6 billion raise at a $157 billion valuation — it’s asking financial backers for exclusivity.

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JPMorgan to Open Nearly 100 Chase Branches in Low-Income Neighborhoods

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JPMorgan Chase announced it will open nearly 100 brick-and-mortar locations in low-income inner-city and small-town American communities.

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Mastercard Buys Startup That Will Help You Manage Pesky Subscriptions

Photo via Connor Lin / The Daily Upside

Mastercard is acquiring Minna Technologies, which specializes in letting bank and card customers manage (and cancel) subscription services.

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PepsiCo Adds Tortilla Chip Aficionado to Its Portfolio

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PepsiCo announced on Tuesday that it has agreed to buy Siete Foods for $1.2 billion, another food M&A deal this year.

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Boeing Weighs $10 Billion Stock Sale Amid Costly Strike

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Boeing is considering an emergency move: selling $10 billion in new stock to score some quick cash amid a union strike.

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Vanguard Sets Sights on Active Fixed Income

Photo via Connor Lin / The Daily Upside

Vanguard CEO Salim Ramji sees massive opportunities in active fixed income, and said it will play a larger role in retirement saving.

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Creative Planning Sells Minority Stake to TPG

Photo via Connor Lin / The Daily Upside

TPG acquired a minority stake in one of America’s largest independent wealth managers, which could put the advisor’s valuation at $15 billion.

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New ETF Taps Record Interest in Money Market Funds

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Texas Capital’s MMKT will look to capture inflows into the $6.4 trillion money market industry.

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Epic Games Keeps Google’s Feet to the Fire

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Epic Games filed a lawsuit against Google and Samsung, pulling the South Korean electronics giant into its long-running beef with Google.

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Murdoch’s REA Group Abandons Takeover Bid for Rightmove

Photo by Monika Flueckiger, World Economic Forum via CC BY-SA 2.0

News Corp subsidiary REA Group abandoned its monthlong quest to take control of Rightmove, which rejected four “unattractive” bids.

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The Biggest Risk to a Soft Landing Might Just Be Jerome Powell

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Nearly 40% of 32 economists cited a “monetary policy mistake” as the “greatest downside risk to the U.S. economy over the next 12 months.”

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Honda Wireless EV Charging Patent Highlights ‘Range Anxiety’ as Adoption Barrier

Photo via U.S. Patent and Trademark Office

Charging infrastructure remains one of the biggest hurdles for widespread EV adoption.

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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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