The Daily Upside

OpenAI is Growing a Stable of Allies

Photo by TechCrunch via CC BY 2.0

Adding as many corporate friends as possible is probably helpful in the face of mounting regulator unease.

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The Natural Diamond Industry is Cracking Up

Photo illustration by Connor Lin / The Daily Upside, Photos via Freepik

The diamond industry is undergoing a major shake-up. But can just how far can the bottom fall for the industry?

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Financial Advisors Are On the Fence About Bitcoin ETFs

Photo illustration by Connor Lin / The Daily Upside, Photo by Layerace via Freepik

As cryptocurrency flirts with record highs, the new ETF products may help advisors gain exposure to a highly volatile asset class.

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FDA Reverses its Ban on Juul

Photo by Vaping360 via CC BY 2.0

The regulator had banned the company’s e-cigarettes in 2022, but they stayed on store shelves while an appeal process played out.

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AI Enters its Antitrust Era

Photo by Jernej Furman via CC BY 2.0

According to reports, the DOJ will take the lead on chipmaker Nvidia, while the FTC will run point on OpenAI.

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Nvidia Is On its Way to the Top of the Market-Cap Leaderboard — Then What?

Photo via Nvidia Media Assets

Despite the stock’s recent run, the chipmaker’s revenue and profit growth make talk of a bubble sound premature.

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Midday Market Brief: Catch Your Breath

Photo illustration by Connor Lin / The Daily Upside

After a runup of nearly 8% in the past six weeks, the market and its Big Tech drivers appear to be taking a break.

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PayPal “Fairness-Aware” Model Patent Highlights Bias Issues in Financial AI

Photo via U.S. Patent and Trademark Office

The filing highlights the importance of eliminating bias in AI-powered financial platforms.

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Irish Fast-Food Upstart Keeps Sticking it to McDonald’s

Image Credit: iStock, tofumax

The world’s largest fast food chain lost its “Big Mac” trademark for chicken sandwiches following a European Union court ruling.

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Massive Class-Action Antitrust Lawsuit Against NFL Kicks Off

Image Credit: ESPN

The plaintiffs argue the league made an anti-competitive agreement forcing fans to pay for out-of-market broadcasts in one package.

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Canada Slashes Interest Rates, Europe Likely to Follow Suit

Image Credit: iStock Images, Gabriel Shakour

Canada’s economy has been kept in check due to higher levels of household debt and shorter-term mortgages in Canada compared to the US.

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Google’s AR Mapping Patent Could Unlock Low-Power Smart Glasses

Photo via U.S. Patent and Trademark Office

While the company has been touting its AI work over the past year, it may have artificial reality plans in store.

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Oracle’s Metaverse Ad Tracker Builds Profiles on User Behaviors

Photo via U.S. Patent and Trademark Office

The patent highlights the potential that artificial reality may have for immersive and native advertising.

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Midday Market Brief: Big Tech Takes Over

Photo illustration by Connor Lin / The Daily Upside

Nvidia is back to its winning ways, lifting tech stocks and pushing the broader S&P 500 index to another all-time high.

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The UK’s Private Healthcare Market Is Bigger Than Ever

(Photo by Christopher Bill on Unsplash)

Last year saw the highest private in-patient admissions since records began, totaling roughly 900,000, a 7% increase from 2022.

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Airbus Races to Complete Aircraft Sale to China Before Politics Gets Involved

Photo by Daniel Eledut via Unsplash.

Beijing is reportedly unhappy with the prospect of an EU tariff on EVs, and is considering retaliatory tariffs on the EU’s aviation industry.

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Hooray? The US Economy May Finally Be Slowing

(Photo by Federal Reserve Board of Governors via Flickr)

It has taken a while, but recent data suggests that the Federal Reserve’s rate hikes may finally be taming inflation.

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Midday Market Brief: Hiring Freeze

Photo illustration by Connor Lin / The Daily Upside

The job openings report for April fell to its lowest level in about three years, giving investors pause about the impact on profits.

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The Airline Industry Would Rather You Didn’t Know How Well It’s Doing

Photo by Nick Morales via Unsplash

The industry just boosted its profit forecast for 2024 but warns that return on invested capital hurts the chance for sustainable profits.

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Chinese Carmakers Face Potential EU Tariff Hike. Most Don’t Look Too Scared.

Photo by Gilberto Marques via CC BY 2.0

One market research firm said even duties in the range of 15%-30% won’t keep most of the country’s carmakers out of Europe.

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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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