The Daily Upside

Greece Lengthens the Workweek While the UK Four-Day Week Gathers Steam

Photo by Pedro Szekely via CC BY 2.0

Greece’s government put new labor laws into effect that mean workers can be asked to work a six-day workweek.

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China Leaders Convene to Plot Economic Path

Photo by Edward He via Unsplash

The plenary session of China’s ruling party will likely introduce economic reforms and policies addressing impediments to its growth.

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Can Nike Regain its Legendary Standing?

Photo illustration by Connor Lin / The Daily Upside

Not only is sportswear and sneaker giant Nike faced with struggling financials, but it is also searching for its soul.

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NFL Moves Toward Allowing Private Equity into Ownership Groups

Photo by Naveen Venkatesan via Unsplash

Commissioner Roger Goodell said the NFL is en route to allowing PE groups to take ownership stakes in franchises

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Apple and the EU Actually Agree on Something

Photo by Nathan Dumlao via Unsplash

The European Commission has reached an agreement that Apple will no longer box out third-party touch-and-go payment apps.

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Hope for Rate Cuts Gets a Big Boost from Slowing Inflation

Photo by Ja San Miguel via Unsplash

The Labor Department reported monthly inflation fell in June, strengthening the case for the Federal Reserve to cut interest rates.

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Oracle Employee-Tracking Patent Points to Increased AI-Powered Workplace Surveillance

Photo via U.S. Patent and Trademark Office

While this could improve safety on increasingly automated factory floors, these precautions may come at the expense of employee privacy.

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Ford Self-Driving Maintenance Patent Could Automate Oil Changes

Photo via U.S. Patent and Trademark Office

Filings like these indicate that this pivot will likely have a domino effect on all other parts of the automotive industry.

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Google’s Video Moderation Patent Highlights AI’s Role in Tracking ‘Objectionable’ Content

Photo via U.S. Patent and Trademark Office

Using AI in this manner comes with its own set of risks, one expert said.

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Microsoft’s Gaming Dreams Enter Their Price-Hike Era

Photo by Sam Pak via Unsplash

Microsoft’s gaming division Xbox announced it’s splitting its hugely popular subscription service Game Pass into two subscription tiers.

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CNN Announces Layoffs, New Digital Subscription Business

Photo by Chris Yarzab via CC BY 2.0

CNN announced layoffs of 100 employees, a reorganization of its newsrooms, and its “first direct-to-consumer subscription product.”

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US, Mexico Agree to Steel Import Rules Against Chinese Circumvention

Photo by Phil Roeder via CC BY 2.0

The US and Mexico will apply tariffs to some US steel and aluminum imports to keep Chinese metals from entering America.

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Fed Rule Change Could Save Wall Street Banks Billions

Photo by Manoj Kulkarni via Unsplash

The Federal Reserve is considering changes that would soften the global systemically important banks surcharge and free up assets for banks.

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Envestnet Sold to Bain Capital for $4.5B After ‘Tumultuous’ Year

Photo via Connor Lin / The Daily Upside

Envestnet is one of the largest wealth management software companies in the US and serves approximately one in three financial advisors.

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Fund Fees Hit Record Lows Last Year – And Maybe Rock Bottom

Photo by JHVEPhoto via iStock

It took more than a decade, but fund fees may have finally hit their lowest possible levels, according to the latest Morningstar research.

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America’s Biggest Non-Alcoholic Beer Company Valued at $800 Million

Photo by Paloma A. via Unsplash

Athletic Brewing Company, valued at $800 million following a $50 million fundraising round, makes craft beer that won’t get you drunk.

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X’s User Growth is Bumping Its Head on the Ceiling

Photo by Ministry of Communications of Brazil via CC BY 2.0

The Financial Times on Tuesday published some previously unreported figures from X that show its user growth has plateaued.

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Microsoft and Occidental Agree to Massive Carbon Credit Deal

Photo by Wdstock via iStock

Microsoft is is buying 500,000 carbon credits from Occidental Petroleum over the next six years to help reach its carbon-negative goal.

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Investors Flock to Indian Fintechs Amid Wealth Boom

Photo by Rupixen via Unsplash

The nation’s wealthtech startups are not only benefiting from a growing middle class, but also looking to court some of the country’s wealthiest citizens.

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Europe Wants to Wean Itself off SpaceX

Photo via ESA – M. Pédoussaut

A new kind of European rocket plans to take off from the European Space Agency’s launch pad in French Guiana.

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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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