The Daily Upside

Harris and Trump Agree That Tips Shouldn’t Be Taxed

Photo by Sam Dan Truong via Unsplash

Kamala Harris supports eliminating federal taxes on tips for service and hospitality workers, which Donald Trump also supports.

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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.

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X Hit with AI Privacy Lawsuits in the EU

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

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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.

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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.

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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.

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Growth is No Longer Just for Tech Megacaps

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

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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.

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

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

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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.

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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.

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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.

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The UK Investigates Amazon’s Partnership with Anthropic

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

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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.

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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.

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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.

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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.

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Is an Over-Concentrated Stock Market Fueling Volatility?

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

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Morgan Stanley Faces SEC Questions Over Cash Sweeps

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

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

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

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Advisor Upside

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

Can ‘Terror Management Theory’ Explain Inheritance Spending?

Photo by Yunus Tuğ via Unsplash

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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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