The Daily Upside

OP-ED | Power Corridor

The Battle Hymn of Billionaire John Paulson

John Paulson, of “The Greatest Trade Ever” fame, is suing a former business partner tasked with running an investment empire for Paulson valued at up to $1 billion in the booming tax shelter of Puerto Rico.

2 min read
Autos

GM Sputters Through Latest Earnings Report

(Photo by U.S. Department of Agriculture under Public Domain Mark 1.0)

The good news is that GM generated about $3.1 billion in profit in the quarter. The bad news is that this is the only good news.

2 min read
Banking

UK Abolishes Cap on Bankers’ Bonuses

(Photo by Christopher Bill on Unsplash)

The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014.

1 min read
Big Tech

Meta Faces Lawsuit From 41 States Alleging Harm to Young Users

(Photo by Anthony Quintano under CC BY 2.0)

A sprawling lawsuit alleging Meta intentionally designed Instagram and Facebook with features it knew were harmful to younger users.

2 min read

M&A

Chevron’s Hess Acquisition Fuels Broader M&A Frenzy

(Photo by Jazz Guy under CC BY 2.0)

On Monday, Chevron said it would acquire energy player Hess for $53 billion. It’s the latest megadeal in a wildly active industry this month.

2 min read
Industrials

Elon Musk and the EU are Going to Space Together

(Photo by SpaceX on Unsplash)

The European Space Agency has contracted Elon Musk’s SpaceX to launch navigation satellites next year, The Wall Street Journal reported.

1 min read
Regulation

Japan Warms Up to Ride-Hailing

(Photo by Derch on Unsplash)

Japan’s strict taxi rules have historically made it impossible for ride-hailing companies like Uber to crack the Land of the Rising Sun.

2 min read
Finance

Private Equity is Slightly Broken

As recently as 2021, the industry set a record by generating $1.4 trillion via outright sales or IPOs of portfolio companies. (A person could live on that.)

2 min read

Economics

US Consumers Are Falling Behind on Their Car Loans

(Photo Credit: Denys Nevozhai/Unsplash)

US drivers are late on their car loan payments at the highest rates on record, and the trend might not go away anytime soon.

1 min read
Geopolitics

Rich, Developing Nations Clash Over UN Climate Damage Fund

Discussions among countries broke down during their fourth round of talks about a pivotal green initiative from the United Nations.

1 min read
Patent Drop

Salesforce Looks at Ways to Simplify Machine Learning

Photo by Mitchell Breedlove on Unsplash

Salesforce wants to give anyone the power to make AI (so long as they have enough data).

2 min read
Patent Drop

Meta Wants to Put The Metaverse to Work

Photo by Minh Pham on Unsplash

Meta sunk a lot of cash into its metaverse bet. Now, it wants it to work.

2 min read

Patent Drop

Adobe Looks to AI to Fight Fake News

Photo by Cristian Lopez on Unsplash

Adobe wants to fight disinformation one PDF at a time with it’s latest patent filing.

2 min read
Power Corridor

The Great Housing Crisis

Photo by Tom Rumble on Unsplash

As housing prices reach record highs nationwide – against quite a few forecasts at the start of the year – buying a home is now completely unaffordable in most parts of the country for the average American.

3 min read
Big Tech

Amazon May Boost Quantum Power for AWS

Photo by Tony Webster under CC BY 2.0

Though quantum computing is far from an everyday reality, the possibilities it offers are powerful. Amazon may want in on the ground floor.

3 min read
Technology

Lloyd’s of London Warns of Worst-Case-Scenario Cyberattack

(Photo by Markus Spiske on Unsplash)

According to a Lloyd’s study published Wednesday, a cyberattack on global payments systems could cause $3.5 trillion of economic damage.

1 min read
Patent Drop

Intel Looks at AI Tuning to Bolster Software Offerings

Photo by smoothgroover22 under CC BY-SA 2.0

Intel is far behind in the AI race. Taking on chip giant Nvidia would require Intel to build a development ecosystem at a better price.

2 min read
Geopolitics

Xi Celebrates Belt and Road Initiative with Putin as the West Tunes Out

(Photo by Kremlin.ru under CC BY 4.0)

Chinese President Xi Jinping held a summit this week in Beijing touting his signature diplomatic initiative: the Belt and Road Initiative.

1 min read
Media & Entertainment

NBA Gears Up For Major Media Contract Negotiations

(Photo by Marius Christensen on Unsplash)

The National Basketball Association is on a full-court press to secure its next round of broadcast rights.

2 min read
Patent Drop

Apple’s Digital Car Key Patent Hints at Additions to the Walled Garden

Photo by smoothgroover22 under CC BY-SA 2.0

Apple never wants you to lose your keys again. The company filed two patents for digital car key pairing.

3 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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