The Daily Upside

Shell Backs Off Offshore Wind

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Shell has started to shop around for buyers to offload its stake in an offshore wind project off the coast of Scotland.

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Meta Turns to an Old Strategy to Boost New AI Business

Photo by Anthony Quintano via CC BY 2.0

Meta debuted the latest version of Llama, its large-language model. Unlike rival ChatGPT, Llama is open source.

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Airlines Have Finally Hit a Ceiling on Fares

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Ryanair said it had seen its profits take a 46% nosedive, and would have to offer “materially lower” airfares for the busy summer period.

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Even Apple is Getting Tired of the Streaming Industry Treadmill

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After years of spending big with little to show for it, Apple is attempting to rein in costs at Apple TV+.

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China Makes Surprise Rate Cuts Following Top Policy Meeting

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The People’s Bank of China unexpectedly lowered its benchmark lending rates and a noteworthy short-term policy rate.

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Advisory Firms Say Thanks, But No Thanks to AI

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Artificial intelligence may be one of the fastest-growing tools in business, but don’t tell that to the compliance department.

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Client Assets Rebound on Strong Referral Strategies

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Assets under management for RIAs rebounded sharply last year, and not just because of the markets’ blistering performance.

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Why This Little-Known Wall Street Revenue Stream Is Drying Up

Photo by Toonari Post via CC BY-SA 2.0

The jig may be up for cash sweeps, which have long been one of Wall Street’s most lucrative — and hush-hush — revenue streams.

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Meta VR Cloud Gaming Patent Could Clear the Way for Lighter Headsets

Photo via U.S. Patent and Trademark Office

While cloud gaming platforms through Microsoft’s Xbox and Nvidia are already available to consumers, artificial reality cloud streaming isn’t quite there yet.

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Ford Drone Patent May Create an Autonomous Driving Russian Doll

Photo via U.S. Patent and Trademark Office

Patents like this serve as a reminder that autonomous vehicles look like more than just cars themselves.

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Boeing Seeks Fault-Tracking Patent Amid Safety Backlash

Photo via U.S. Patent and Trademark Office

Though AI has the potential to make troubleshooting issues a much more streamlined process, models still often face accuracy issues.

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Starbucks Becomes the Target of Activist Campaign

(Photo by Ben White on Unsplash)

Activist investing firm Elliott Management has taken a significant stake in Starbucks, and has already begun pushing for strategic changes.

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London’s Days as the World’s Money-Laundering Capital May Be Numbered

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London has been the world’s top spot for money laundering, but that could be changing. Roughly 17% of UK millionaires are leaving.

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Y24K: Three Days After the Biggest IT Outage in History

Photo by Tima Miroshnichenko on Pexels

A single file in a defective software update caused a global IT outage that disrupted airports, banks, hotels, trains, hospitals, and more.

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Who has Liability in the Shifting World of e-commerce?

Photo illustration by Connor Lin / The Daily Upside, Photos by Zlatko Plamenov and DilokaStudio via Freepik

Amazon has largely dodged liability for the products sold on their virtual shelves. But could the legal tides be shifting?

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Warner Bros. Discovery Mulls Break-Up Plan

Photo by Chris Yarzab via CC BY 2.0

Just two years after the mega-merger that brought Warner Bros. and Discovery together, it’s discussing dramatic plans to break up.

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Diamonds Come Under Even More Pressure from Sluggish China Demand

Photo by Li Zhang via Unsplash

Anglo American is cutting back diamond production to try to hedge against China’s continued ambivalence toward the gemstones.

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Ford Spends $3 Billion to Ramp Up Truck Production, Volvo Reports Electric Results

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Ford will spend $3 billion to expand production of its popular combustion engine large trucks; Volvo reported a record core operating profit.

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Amazon Explainability Patent Could Bring Responsible AI to AWS

Photo via U.S. Patent and Trademark Office

Amazon wants to keep its AI models on a leash.

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JPMorgan Chase’s Patent Tracks Data with Blockchain

Photo via U.S. Patent and Trademark Office

JPMorgan Chase may want to put blockchain to work.

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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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