The Daily Upside

OP-ED | Power Corridor

U.S. Holiday Spending Smashes Records, But Cash Crunch Seen Ahead

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Signs are mounting that consumers are finally feeling the pinch.

1 min read
Banking

Barclays Wants to Ditch Thousands of its Clients

Photo by Tdorante10 via CC BY-SA 4.0

Barclays is considering a Marie Kondo approach to its investment banking business, potentially dropping thousands of clients.

2 min read
Industrials

Virgin Atlantic Logs First Transatlantic Flight on 100% ‘Sustainable’ Jet Fuel

(Photo by Bill Abbott via CC BY-SA 2.0)

On Tuesday, Virgin Atlantic conducted the first transatlantic flight by a commercial airliner fully powered by sustainable aviation fuel.

1 min read
Big Tech

Meta’s Paid Ad-Free Plan Gets Hit With Privacy Lawsuit

Photo by Anthony Quintano via CC BY 2.0

Mark Zuckerberg’s newest nemesis, Max Schrems, says Meta’s new pay-for-privacy subscription doesn’t comply with EU laws.

2 min read

Finance

Wall Street is Pricing in Interest Rate Cuts

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Increasingly, Wall Street thinks we see rate cuts soon, according to a Wall Street Journal analysis published Monday.

2 min read
Big Tech

Amazon’s Healthcare Dreams Are Fractured

(Photo by National Cancer Institute on Unsplash)

Amazon, along with its Big Tech brethren, has long been trying to break into the healthcare market. But it’s not going as planned.

2 min read
International Economics

UK Flushed with Immigrants, Labor Market Remains Tight and Unfilled

(Photo by Nick Fewings on Unsplash)

The United Kingdom is putting back up the “Help Wanted” sign it tore down with Brexit as it looks to fill one million open jobs.

1 min read
Patent Drop

Special Report: Patent Drop’s Gift Guide of the Future

Bastian Riccardi on Unsplash

Consumer tech is getting up close and personal this holiday season.

7 min read

Indicators

Healthcare Hiring Boom Buoys Job Market

(Photo credit: CDC/Unsplash)

A white-hot healthcare sector powered an much of the job growth in the past six months, according to a Wall Street Journal analysis.

1 min read
Autos

Toyota’s Hybrids Are Having a Moment

(Photo Credit: Andrew Roberts/Unsplash)

Tesla has gone all-in on electric vehicles, but Toyota is getting to say “I told you so” with its focus on hybrids.

2 min read
Industrials

The UN Wants You to Eat Less Meat

Photo by Kelly Sikkema/Unsplash

The UN’s is expected to deliver a comprehensive road map to realign global food systems with carbon-emissions goals.

1 min read
Power Corridor

Why This Year’s Black Friday Matters

It’s official: 2023 has been the year of the American consumer. The propensity for Americans to spend as though they have bottomless bank accounts has bolstered U.S. gross domestic product (GDP) growth all year and catapulted the nation back on…

4 min read

OP-ED | Power Corridor

‘If You’re So Smart, Why Aren’t You Rich?’

It sounds like something a gunslinging, billionaire hedge fund manager might say. And it is. Ray Dalio, founder of the highly secretive, $100 billion hedge fund Bridgewater Associates, is still in damage-control mode following the release of a book…

2 min read
OP-ED | Power Corridor

OpenAI: It’s Complicated

Photo by TechCrunch under CC BY 2.0

The first large-scale rebellion among artificial intelligence workers raises some serious questions.

3 min read
OP-ED | Power Corridor

The Comeuppance of (Another) Crypto Kingpin

Binance agrees to pay one of the biggest corporate fines in U.S. history. Changpeng Zhao is the founder and chief executive officer of Binance, the largest cryptocurrency exchange in the world.

2 min read
Electric Vehicles

Northvolt Develops New Lithium-Free Battery To Rival Precious Earth Metal Ones

(Photo by Jannis Lucas on Unsplash)

Swedish battery-maker Northvolt announced proudly on Tuesday that it had developed a new kind of sodium-ion battery.

2 min read
International Economics

Germany Freezes Public Spending After Court Ruling

(Photo by European Union 2023 EP under CC BY 4.0)

Berlin has imposed a freeze on virtually all new federal spending commitments for the rest of the year, or the next 40 days.

1 min read
Industrials

Private Jets Belonging to Celebs and Execs Rack Up Years In Flight Time

(Photo by Yaroslav Muzychenko on Unsplash)

Private jets belonging to a group of just 200 celebrities and executives have racked up 11 years’ worth of flight time since 2022.

1 min read
Media & Entertainment

Crypto Exchange Bullish Buys Crypto News Site CoinDesk

(Photo by Kanchanara on Unsplash)

CoinDesk was acquired in an all-cash deal by Bullish, a crypto exchange run by former NYSE president Tom Farley.

2 min read
Consumer

McDonald’s Buys Back a Piece of Its China Business

(Photo by Declan Sun on Unsplash)

McDonald’s bought out the 28% stake of its Chinese business owned by private equity giant Carlyle Group, just as it plans an expansion there.

2 min read

Advisor Upside

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

Banking on a Fed Rate Cut Today, Investors Look for Hints of What’s Next

Photo via Annabelle Gordon/Sipa USA/Newscom

1 min read
UPS Eliminates 48,000 Jobs While Working Toward $3.5 Billion Cost-Cutting Target

Photo via Lindsey Nicholson/UCG/Universal Images Group/Newscom

2 min read
Microsoft, OpenAI (Finally) Finalize Terms of Not-Quite Divorce

Photo via Mattie Neretin/Sipa USA/Newscom

2 min read

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