The Daily Upside

Consumer

Luxury Brands Can’t Bank on China Anymore

Photo by Dima Pechurin via Unsplash

Gucci’s parent company expects sales to slump by 10%, largely due to a downturn in Chinese demand.

2 min read
Regulation

EU Plans Crackdown on Social-Media Misinformation as June Elections Loom

Photo by Nordskov Media via CC0 1.0

Ahead of the EU Parliament elections, the bloc is looking to hold Big Tech accountable for the spread of fake news.

2 min read
Patent Drop

Microsoft’s XR Control Patent May Get Too Close for Comfort

Photo via U.S. Patent and Trademark Office

Microsoft is taking hands-free augmented reality to the next level: The company wants to patent a system for tracking tongue movements.

2 min read
Patent Drop

Google’s Latest Patent May Boost Enterprise AI Offerings

Photo via U.S. Patent and Trademark Office

Google’s latest AI patent may make your spreadsheets less daunting.

3 min read

Consumer

Unilever Jettisons Iconic Ice Cream Brands

Photo by Hybrid Storytellers via Unsplash

The international consumer giant has decided that an entire ice cream portfolio has just become too costly.

1 min read
Autos

Bentley’s Profit Buoyed by Customized Cars

Photo by C B via Unsplash

The British car maker said seven out of 10 customers spent more than $43,000 on customizing their new rides.

2 min read
Energy

Bill Gates’ TerraPower to Build First Small Reactor in US

Photo by Lukáš Lehotský via Unsplash

The company plans to have one of the newfangled small modular reactors up and running in Wyoming by 2030.

2 min read
Real Estate

Austin’s Housing Craze Is Starting to Cool Down

Photo by Irene Rego via Unsplash

Home prices in the Lone Star State’s capital have dropped 12% since 2022 — the largest decline of any US city.

1 min read

Finance

Deloitte Plans a Massive Restructuring

Photo by Flickr via CC0 1.0

The world’s biggest accounting firm is looking to simplify as it nears the end of a massive growth spurt.

2 min read
Big Tech

Apple Might Team Up With Google to Put AI on iPhones

Photo by Jenny Ueberberg via Unsplash

The two tech titans may leverage their frenemy relationship to boost the technology on the best-selling device.

2 min read
Patent Drop

IBM Wants to Weed Out Falsely Advertised AI Tools

Photo via U.S. Patent and Trademark Office

IBM’s tech could help AI services address the knowledge gap between consumers and the AI tools they use.

2 min read
Regulation

EPA Plans to Unveil New Auto Emissions Standards

Photo by Austin Hervias via Unsplash

The Biden administration will unveil new stricter requirements to speed up the transition to electric vehicle adoption.

2 min read

Social Media

TikTok’s Booming Growth Isn’t What it Used to Be

Photo by Solen Feyissa via Unsplash

As politicians kick around the idea of a US ban, the popular social media platform is having growth struggles.

1 min read
Big Tech

Meta Faces Investigation Over Illicit Drug Sales

Photo via Meta Media Gallery

Facebook and other social media platforms are the subject of a probe by federal prosecutors into available medications.

2 min read
Patent Drop

Ford’s Road Salt Patent Finds an Atypical Use for Blockchain

Photo via U.S. Patent and Trademark Office

Ford may be taking blockchain’s reputation issues with a grain of salt.

2 min read
Patent Drop

Intel Patent Addresses Privacy Issues with Voice Assistants

Photo via U.S. Patent and Trademark Office

Intel wants to lock your voice data down before it goes up to the cloud.

2 min read
Geopolitics

My Kingdom for a Sport: Saudi Arabia Goes All in on Athletics

Photo illustration by Connor Lin / The Daily Upside, Photos by EKSRX via CC BY 2.0 and Upklyak via Freepik

Why is Saudi Arabia spending a king’s ransom on sports? The Middle East powerhouse doesn’t care if you call it sportswashing.

6 min read
Private Equity

Private Equity Wants Everyone’s Credit Card Debt

(Photo Credit: Avery Evans/Unsplash)

The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.

2 min read
Social Media

Meta Set to Replace its Popular CrowdTangle Data Platform

Photo by Anthony Quintano via CC BY 2.0

The social media king plans to introduce a content library tool that offers less access ahead of a spicy election season.

1 min read
Energy

Shell Backtracks Again on Climate Targets

Photo by Flickr via CC BY 1.0

The energy titan has extended the timeline for its plan to reduce its “carbon intensity.”

2 min read

Advisor Upside

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

Schwab Becomes Latest Brokerage to Scrap Robo Service

Photo by Mike Mozart via CC BY 2.0

2 min read
Are Model Portfolios Key to Alt Adoption?

Photo by Wirestock via iStock

1 min read
Heating Prices Surge as Utility Bills Grow Faster Than Paychecks

Photo via Alexey Stiop/Newscom

1 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.