The Daily Upside

Consumer

Ikea Slashes Prices Amid Cooling Inflation

(Photo by Czapp Árpád on Pexels)

On Thursday, Ikea announced that cooling inflation means it can finally return to its customer-friendly ways.

1 min read
Electric Vehicles

Chinese EV Suppliers Look to Tap US Market With a Little Help From Friends

(Photo by Kindel Media on Pexels)

Chinese raw materials companies are cozying up with battery makers in Morocco and South Korea as a way of bypassing US restrictions.

2 min read
Patent Drop

Microsoft Fights Climate Change With Cryogenics

Photo by Salvatore De Lellis on Pexels

Microsoft wants to clean the atmosphere by freezing it. It highlights a big problem with carbon removal efforts: the ginormous price tag.

3 min read
Power Corridor

Goldin Wins Nobel Prize for Studies of Women in Workplace

Photo by Editing1088 under CC BY-SA 4.0

Harvard University labor economist and historian Claudia Goldin, 77, won the Nobel Prize in Economics women in the workforce.

1 min read

Energy

ExxonMobil Buys Pioneer in Massive $60 Billion Deal

(Photo by Pixabay on Pexels)

ExxonMobil announced it will purchase Pioneer Natural Resources for just under $60 billion, marking the largest oil-and-gas deal in decades.

2 min read
Big Tech

Amazon’s Prime Day Isn’t About Sales Anymore

(Photo by Erik Mclean on Pexels)

Amazon’s October Prime sales event wrapped up Tuesday, and this year saw a massive shift in consumer behavior.

1 min read
Patent Drop

Raytheon Adds AI to Cybersecurity Defense Lineup

Photo by Tima Miroshnichenko on Pexels

Raytheon wants AI to create its playbooks for responding to cybersecurity attacks. It could help keep up with sophisticated threats.

2 min read
Policy & Power

The War on Junk Fees Just Got Wider

(Photo by RDNE Stock project on Pexels)

The FTC made a big splash on Wednesday with an announcement that it’s planning new rules to stamp out “junk fees.”

1 min read

Patent Drop

DeepMind Looks at Ways to Make AI Training Less of a Power Drain

Photo by George Gillams under CC BY-SA 2.0

Google’s AI arm wants to save energy when building its models – something needed to keep AI development on track.

3 min read
Power Corridor

Surviving the Roller-Coaster Ride that Is the U.S. Economy

Photo by Itai Aarons on Unsplash

The U.S. Economy is taking Americans for a ride, interest rates hit a 23-year high at 8.34 percent on 30-year mortgages.

3 min read
OP-ED | Power Corridor

Multibillion-Dollar Trial Not Going So Well for Sam Bankman-Fried

SBF trial, Caroline Ellison

Star witness and Sam Bankman-Fried’s former girlfriend of Sam Bankman-Fried, Caroline Ellison, says he directed the crimes.

2 min read
Real Estate

It’s Not Just Commercial Landlords Fretting Over New High in Vacancies

(Photo by Jose Losada on Unsplash)

Office vacancy rates in major cities have risen to worrisome levels while investments into commercial real estate are in retreat.

2 min read

Geopolitics

China’s Subsidies Draw More International Wrath

(Photo by Yasin Hemmati on Unsplash)

The EU plans to launch an antitrust probe into China’s domestic subsidies for steelmakers, the Financial Times reported on Tuesday.

1 min read
International Economics

Ireland Is Launching a Sovereign Wealth Fund

(Photo by Aboodi Vesakaran on Unsplash)

On Tuesday, Ireland said it wants to leverage its corporate tax revenue from tech giants to create a sovereign wealth fund.

1 min read
International Economics

Oil Leaps, Shekel Falls After Israel Declares War

(Photo by Alex Simpson on Unsplash)

Crude oil prices jumped to $89 a barrel as Hamas’s attack on Israel drove concerns of wider conflict across the oil-rich Middle East.

2 min read
Artificial Intelligence

Google Launches Search Engine for Medical Records

(Photo by National Cancer Institute on Unsplash)

Google’s cloud division says it’s launching a new AI-powered tool designed to rifle through and compile patients’ medical records.

1 min read
Finance

Investment Funds Can’t Quit Climate Change

(Photo by Anders J on Unsplash)

Despite conservative disdain for ESG initiatives, one research project found climate change remains a chief concern for asset managers.

1 min read
Patent Drop

PayPal Looks to New Cybersecurity to Build Public Trust

Photo by Tech Daily on Unsplash

PayPal’s filing could signal that the company is trying to build the same public trust that traditional financial institutions have.

3 min read
Autos

UAW Notches Win for EV Battery Workers with GM

The United Auto Workers announced on Friday that it had called off a planned walkout at a General Motors plant in Arlington, Texas.

2 min read
Economics

US Consumers Are Taking a Credit Card Break

(Photo Credit: Avery Evans/Unsplash)

Facing eye-watering amounts of debt and record-high interest rates, US consumers have started charging less on their credit cards.

1 min read

Advisor Upside

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

OpenAI Teams Up With Amazon for Even More Computing Power

Photo via Leonie Asendorpf/dpa/picture-alliance/Newscom

2 min read
Kimberly-Clark Takeover Offers $48 Billion of Pain Relief to Tylenol-Maker Kenvue

Photo via Michele Eve Sandberg/Sipa USA/Newscom

2 min read
Unease About Warren Buffett’s Retirement Overshadows Berkshire Earnings Beat

Photo via Lu Beifeng/VCG/Newscom

2 min read

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