The Daily Upside

Ether ETFs Struggle to Impress in Opening Act

Photo by Kanchanara via Unsplash

The funds that track the second-largest cryptocurrency were off to the races in late July, but have been stuck in the ether ever since.

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Why Women Have Less Money Saved for Retirement than Men

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While saving for retirement, women have less than a third the median assets as men and face unique challenges, according to a new survey.

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Private Equity Firms to Commit $12 Billion for NFL Team Stakes After League Vote

Photo by Sandro Schuh via Unsplash

As the price of franchises soar, shrinking the pool of would-be acquirers, NFL owners are rethinking their aversion to private equity.

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Google’s AI Energy Thirst Runs into a Problem in Ireland

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Google’s hopes for a new data center just outside Dublin were dashed this week when South Dublin County Council refused planning permission.

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Klarna Proves it Can Win Even With High Interest Rates

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Klarna, which is planning a US public debut as soon as early 2025, announced stellar first-half results for 2024.

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How Do Active ETFs Work?

Photo by Photo by Tima Miroshnichenko via Pexels

The number of active ETF launches in the US has outpaced passive ETF product launches every year since 2020.

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BlackRock Tops Grayscale for Digital Asset Dominance

Photo by David Tran via iStock

The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.

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Economic Strains Starting to Hit Wealthier Americans, Survey Finds

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Mizuho found that both low- and high-income Americans alike are trying to get as thrifty as possible, reducing spend.

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Exxon Sees Oil Demand in 2050 Unchanged, Testing Net Zero Goals

Photo by Harrison Keely via CC BY 4.0

ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.

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IBM Shutters Its China R&D Division

Photo by Mark Ahsmann via CC BY-SA 3.0

IBM announced it would be shutting down its Chinese research and development team, shifting some operations to other locations.

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Nobel Heir Invests in US Wealth Manager

Photo by Osama Shukir Muhammed Amin FRCP(Glasg) via CC BY-SA 4.0

Peter Nobel is among a group of investors partnering with the wealth manager Cardea to create a rebranded firm Fourcore Capital.

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Franklin Templeton, TD Bank in Regulators’ Crosshairs

Photo by Phillip Pessar via CC BY 2.0

Regulators are intensifying their focus on two financial institutions with the potential for fines stretching into the billions of dollars.

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Roku Patent Balances Ad Output as Streaming Industry Plateaus

Photo via U.S. Patent and Trademark Office

The tech aims to walk a fine line of not overloading customers with bad ads as several streamers launch their own ad-supported tiers.

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Apple Ring Patent Highlights Potential Plan to Expand Product Lineup

Photo via U.S. Patent and Trademark Office

Though the company has competitors in the space from Samsung and Oura, its walled garden ecosystem could give it an advantage.

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Stripe Fraud Detection Patent Could Restore Trust in Crypto

Photo via U.S. Patent and Trademark Office

Stripe wants to fortify blockchain transactions with it’s latest patent.

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RealPage Sued by Justice Department for Alleged Rent Price-Fixing

Image Credit: iStock, JHVEPhoto

The DoJ launched an antitrust lawsuit against Thoma Bravo’s RealPage for allegedly helping property managers conspire to drive up rent.

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A Small Union Win Casts a Big Shadow Over Amazon

Photo by Todd Van Hoosear via CC BY-SA 2.0

Prosecutors for the NLRB concluded that a group of 84 unionized Amazon drivers in Palmdale, California are employed by Amazon.

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Silicon Valley Incubator Backs Its First Defense Company

Image Credit: iStock, Austin Nooe

Y Combinator is backing Ares Industries, a defense company that builds “low-cost cruise missiles.” It previously avoided the defense market.

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RV Having Fun Yet? The Ups and Downs of Camper Economics

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

In addition to offering mobile headquarters for families on vacation, recreational vehicle sales are a pretty good indicator of the economy.

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Is Peloton’s Turnaround Plan Finally Working?

Photo by Phillip Pessar via CC BY 2.0

Peloton reported sales growth of 0.2% in the latest quarter, its first quarter of year-over-year revenue growth since late 2021.

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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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