The Daily Upside

Patent Drop

Google Adds Error-Correction Patent to Arsenal as Quantum Race Heats Up

Photo via U.S. Patent and Trademark Office

Quantum computing faces major roadblocks, but the payoff for overcoming them stands to be tremendous.

2 min read
Patent Drop

OpenAI Adds to its Small Pool of Patent Filings

Photo via U.S. Patent and Trademark Office

Because of the massive head start that bigger tech firms have, OpenAI may “find themselves boxed out.”

2 min read
Patent Drop

Toyota Carbon-Tracking Patent Could Incentivize EV, Hybrid Buyers

Photo via U.S. Patent and Trademark Office

“Any potential cost savings based off a vehicle’s lower-than-average carbon footprint could influence more price-conscious consumers.”

2 min read
Advisor Upside

The Japanese Wealth Manager That Boosted Profits By 195%

Photo by Miki Yoshihito via CC BY 2.0

Nomura Holdings’ net income tripled in the first quarter from a year ago thanks in part to its wealth management division.

2 min read
Advisor Upside

Breakaway Advisors Aren’t Just a Wirehouse Problem

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The independent advisory industry is growing larger than ever before, and that’s becoming a real problem for RIAs.

2 min read
Advisor Upside

Vanguard, BlackRock, State Street Face Potential Hurdle From Decades-Old Rules

Photo by Can Pac Swire via CC BY-SA 2.0

Vanguard is sounding the alarm that regulators may soon enforce rules that set limits on how much of a company investors can own.

2 min read
Industries

Boeing Taps New CEO to Navigate Cloudy Skies, Multibillion-Dollar Losses

Photo by Sven Piper via Unsplash

Robert “Kelly” Ortberg, an industry veteran, will take over as Boeing’s CEO on Aug. 8, inheriting its financial woes.

2 min read
Electric Vehicles

BYD Finds an American Friend in Uber

Photo by EEYAUT Waihung via CC BY-SA 4.0

Uber announced a new partnership with BYD to get 100,000 of its drivers into the company’s electric vehicles.

1 min read
Artificial Intelligence

Chipmakers Reaffirm Winner Status in the AI Economy

Photo by Köf3 via CC BY-SA 3.0

Investors are showing a lot of love to the computer chip supply chain. Nvidia, Samsung, and TSMC are all clawing back gains this week.

2 min read
Investments

Bill Ackman’s Pershing USA Officially Slashes IPO Fundraising Target to $2 Billion

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Ackman’s Pershing Square Capital Management announced that its planned IPO for a US closed-end fund will raise $2 billion.

2 min read
Artificial Intelligence

AI Search Startup Perplexity Launches Ad Revenue-Sharing Program

Photo by Robert Way via iStock

AI-powered search engine startup Perplexity announced a revenue-sharing program on Tuesday with a handful of media companies.

2 min read
Consumer

Temu Faces a Supplier Revolt

Photo via Connor Lin / The Daily Upside

Suppliers are upset Temu is swapping to a more Amazon-esque supplier model and trying to drive prices ever-downward.

2 min read
Advisor Upside

Anti-Woke Strive Asset Management Launches Wealth Platform

Photo by Gage Skidmore via CC BY-SA 2.0

Strive said last week that it’s launching a new wealth management offering to customers and announced $30 million in fresh funding.

2 min read
Advisor Upside

Wells Fargo Analyzed Chipotle’s Burritos. They’re Actually Bigger Now

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An investigation from Wells Fargo last month may have helped push Chipotle to finally come to terms with its alleged portion problem.

2 min read
Markets

Energy Crisis Spurs Record Payout at Vitol Group

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Vitol Group, the world’s largest independent oil trader, has paid around a record $6.4 billion in share buybacks to its employee-owners.

1 min read
Consumer

McDonald’s Made It Official: Consumers Have Reached Their Limit

Photo by Erik Mclean via Unsplash

McDonald’s warned that customers might be getting sick of price hikes. It was right. Sales fell year-over-year for the first time since 2020.

1 min read
International Economics

Central Banks in US, Japan, and the UK Prepare for Crucial Week

Photo by APK via CC BY-SA 3.0

The US Federal Reserve and the Bank of Japan will meet this week. On Thursday, it will be the Bank of England’s turn in the spotlight.

2 min read
Advisor Upside

AI Assistants Are Taking Over Wall Street

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New AI assistants from Wall Street firms, like JPMorgan and Morgan Stanley, are projected to create billions of dollars in value.

2 min read
Patent Drop

Walmart AI Patent Signals Continued Pressure to Compete with Amazon

Photo via U.S. Patent and Trademark Office

A patent from Walmart for an in-house machine learning development framework highlights that the company’s strategy to compete with Amazon extends to…

2 min read
Patent Drop

Microsoft Patent Tracks Down Software Vulnerabilities, Cyberattacks

Photo via U.S. Patent and Trademark Office

In the face of a wide-spread outage, such as what occurred with Crowdstrike last Friday, there’s only so much the company can do, one expert said.

2 min read

FA Upside

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

Eli Lilly’s Weight-Loss Drug Finally Off FDA Shortage List

Photo by Jetcityimage via iStock

1 min read
Climate Change Forces Starbucks Deeper into Coffee R&D

Photo by Shelby Murphy Figueroa via Unsplash

2 min read
Dock Workers Agree to Pause Historic Strike To Negotiate New Contract

Photo by Chuttersnap via Unsplash

2 min read