The Daily Upside

Midday Market Brief: Nvidia Can’t Do All the Work

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The chipmaker was flat on Wednesday, and the other 499 stocks in the S&P 500 didn’t have enough oomph to drive the market higher.

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Japanese Automakers Turn to Gas, Biofuel Engines as EV Adoption Stalls

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Toyota is partnering with petroleum firms to develop carbon-neutral fuels and make them available in Japan by 2030.

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The Inverted Yield Curve Usually Predicts a Recession — Until Now

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The yield curve has now been inverted for around 400 trading sessions, and there’s no recession in sight. So what gives?

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PayPal Grows a New Ads Business

Photo via PayPal

PayPal is harnessing purchase data to join the ever-growing list of companies with a new offshoot advertising business.

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Midday Market Brief: The Nasdaq Touches a New High

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Investors are getting activated after a long weekend, but they were still able to push the tech-heavy index to a new peak.

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Microsoft May Want its AI Models to Speak to the Heart

Photo via U.S. Patent and Trademark Office

Microsoft’s patent for a language model that talks back signals Big Tech’s interest in multimodal AI.

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China Raises $47 Billion to Stoke the Global Semiconductor Arms Race

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China’s DIY solution dovetails with what the West has been doing itself with huge government subsidies for manufacturing.

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Big Tech’s Fascination with Large Language Models May Be Overkill

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A high-powered chatbot may not deliver the illusive dream of developing artificial intelligence that can teach itself.

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For Better or Worse, The Stock Market is All About These 10 Stocks

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The top 10 stocks have reached a weight not seen since the 1970s, with their market cap accounting for about one-third of the entire index.

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eBay Patent Utilizes Blockchain for Security, Seller Reputation

Photo via U.S. Patent and Trademark Office

This patent follows another from eBay aiming to play into blockchain’s strength as a security tool.

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IBM Wants Autonomous Vehicles to Do More than Just Drive

Photo via U.S. Patent and Trademark Office

IBM’s patent aims to use self-driving cars’ idle resources, giving access to them to the riders within them.

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Best Buy and Amazon Are Among Most Impersonated Companies by Scammers

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Impersonation frauds were the most common scams reported to the FTC in 2023, accounting for $2.7 billion in losses.

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The Scarlett Johansson-OpenAI Clash is a Vision of the Future

Photo by Gage Skidmore via CC BY-SA 2.0

As one legal expert put the issue: “The technology is moving faster than the law ever will.”

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Most Pandemic-Darling Stocks Aren’t Too Healthy

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The 50 companies with the biggest pandemic-era gains have collectively lost $1.5 trillion in market value since the close of 2020.

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Can a Paramount Sale Break the Mold of Media Mergers?

Photo illustration by Connor Lin / The Daily Upside, Photos by Rawpixel and Zlatko Plamenov via Freepik

Just what, exactly, would Sony and Apollo Global Management be getting out of a Paramount Global acquisition?

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Jamie Dimon Seems Unfazed About JPMorgan’s Tepid China Business

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Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”

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Taylor Swift’s Eras Tour Might Have Broken Up Live Nation

Photo by Paolo V via CC BY 2.0

The Justice Department alleges violations of antitrust laws by maintaining a monopoly in the event-ticketing industry.

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Good Luck: Travel Should Be a Mess This Weekend

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If 3 million people pass through security checkpoints Friday, it’d mark the busiest travel day ever recorded.

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Nvidia Patent Could Defend Self-Driving Cars in Collisions

Photo via U.S. Patent and Trademark Office

The patent highlights the shaky dynamic between the public and self-driving vehicles that stands in the way of broader adoption.

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Amazon Reignites its Warehouse and Logistics Expansion

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The e-commerce king has either leased, bought, or announced the addition of 16 million square feet of warehouse space this year.

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Advisor Upside

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

Can ‘Terror Management Theory’ Explain Inheritance Spending?

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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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