The Daily Upside

Amazon Strikes Big South America Telcom Deal for its Satellite Business

Photo by Fran Werner via Pexels

On Thursday, Amazon’s Project Kuiper announced a deal with South American telecom company Vrio to provide internet to seven countries.

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Fidelity Wins Latest Battle in ETF Fee War

Photo by ARRC Photography via CC BY-SA 2.0

Fidelity is making good on a promise to impose a new fee for companies looking to feature ETFs on its platform. Issuers are not impressed.

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SEC Takes Aim at ‘AI washing’

Image Credit: iStock, krblokhin

New SEC lawsuits are aiming to address the dangers that AI may pose to investors.

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Amazon AI Alexa Patents Highlight Data Collection Domino Effect

Photo of Amazon’s multi-session context patent via U.S. Patent and Trademark Office

Two patents from Amazon signal Big Tech’s desire to give consumers the benefits of AI by getting under their skin.

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AI Sends Apple’s Share Price Soaring

Photo by Carles Rabada via Unsplash

Two days after Apple unveiled its wave of artificial intelligence systems, the tech giant witnessed a massive share price rally.

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IBM Patent Signals Big Tech’s Growing Focus on AI Wearables

Photo via U.S. Patent and Trademark Office

IBM’s latest patent wants to give you the right tool for the job.

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The G7 Wants to Get Involved with Semiconductors and Subsea Cables

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The Group of Seven countries are forming a group that will rejigger the semiconductor supply chain and lay out new subsea internet cables.

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Snap May Be Eyeing an AI Comeback

Photo via U.S. Patent and Trademark Office

Snap could use AI to create more engaging experiences and “significantly strengthen Snap’s standing as a legitimate content platform.”

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Will Cooling Inflation Spur a Fed Pivot?

Photo by J.Marca Executive via Public Domain Mark 1.0

Inflation cooled in May. So why isn’t the Federal Reserve slashing interest rates yet like other wealthy countries have done?

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Warner Bros. Discovery Scores French Open Broadcast Rights

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After likely losing NBA rights, Warner Bros. Discovery scooped up the US broadcast rights to the French Open.

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Argentina Sets Itself Up as a Mecca for AI Deregulation

Photo by Presidency of Armenia via CC BY-SA 3.0

In an interview with the Financial Times, an Argentinian presidential advisor said the country wants to welcome AI companies with open arms.

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Small Businesses Feel the Pinch of Higher-for-Longer Interest Rates

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

As the prospect of higher-for-longer continues to sink in, small businesses are beginning to feel the pinch, per Bloomberg.

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Midday Market Brief: Wait and See

Photo illustration by Connor Lin / The Daily Upside

Stocks are mostly stuck in neutral as investors await two key pieces of data on Wednesday.

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Moderna Pins Hopes on Combined Flu and Covid Jab

Photo by Baltimore County Government via Public Domain Mark 1.0

A recent trial showed its new 2-for-1 injection was more effective on both illnesses than existing individual shots.

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Europe’s Disruptive Election Rocked the Region’s Markets

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Europe’s various far-right parties increased their control of the EU’s parliament to 25% from the roughly 20% since elections in 2019.

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Elliott Wants to Shake Up Southwest After Building $2 Billion Stake

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Elliot is calling on the company to replace CEO Bob Jordan, revise its board of directors, and conduct a comprehensive business review.

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Midday Market Brief: Eurovision

Photo illustration by Connor Lin / The Daily Upside

Far-right gains in the European Parliament elections put investors globally in a tentative mood, though the dollar got a big boost.

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Apple’s AI Waiting Game May Finally Be Over

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Apple’s been biding its time on AI. Don’t count it out of the race.

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Volvo Looks to Skirt Chinese EV Tariffs by Moving Production to Belgium

Photo credit: Steve Jurvetson/Flickr

The EU has a 10% tariff on EVs imported from China, but it could soon increase to 25% or 30%.

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Where Have All the Short Sellers Gone?

Photo by Sam Valadi via CC BY 2.0

Since 2008, funds with a short bias have seen assets decrease to $4.6 billion from around $7.8 billion.

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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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