The Daily Upside

Some EV Startups Are Seeing Their Cash Running on Empty

Photo via Fisker Inc.

Many of the EV startups flush with investor cash and confidence just a few short years ago are now struggling to keep the lights on.

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Maersk Reroutes Ships Amid Middle East Conflict

Photo by Venti Views via Unsplash

Maersk announced all vessels due to sail through the Red Seas will be rerouted around Africa following attacks from Yemeni rebels.

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More Americans Than Ever Own Stocks

Photo by Jason Briscoe via Unsplash

In 2022, 58% of Americans held stocks, according to a recent poll from the Federal Reserve. It’s the highest mark ever.

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Jeff Bezos Is Ready to Rejoin the Space Race

Photo via Blue Origin

Jeff Bezos’ space exploration company Blue Origin is finally ready to launch rockets again after a 15-month hiatus.

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US Steel Gets a Big Buyout, But Not Everyone’s a Fan

Photo by Roy Luck via CC BY 2.0

Once the world’s largest corporation, US Steel agreed to sell itself to Japan’s Nippon Steel for just over $14 billion in a deal.

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Google’s Patent Could Sniff Out Fake News on Social Media

Photo via U.S. Patent and Trademark Office

Google may use machine learning to track down misinformation on social media platforms with its latest patent to find “information operations campaigns.”

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Legendary Short Seller Sees DraftKings as a Betting Favorite

Photo by Chad Davis via CC BY 2.0

Jim Chanos admits he completely missed the point about sports gambling in America. Nobody cares how much they lose.

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Uber Could be Keeping a Closer Eye on Driver Location

Photo via U.S. Patent and Trademark Office

Its patent application for a “location-spoofing detection” system could add to its safety features for riders.

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Consumers Turn to Buy Now, Pay Later to Avoid Further Credit Damage

Photo by Patrick Tomasso via Unsplash

Many people are using buy now, pay later (BNPL) options to circumvent more rigid aspects of credit cards, The Wall Street Journal reported.

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Amazon Adds to Project Kuiper Efforts With New Patent

Photo via U.S. Patent and Trademark Office

The company may have some stiff competition in the satellite internet market from SpaceX’s Starlink offering.

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The Experience Economy is Thriving in the Post-Covid World

Photo by Paolo V via CC BY 2.0

During the pandemic, consumers splurged on new cars, computers, and furniture, but the post-covid economy has seen a rise in spending on experiences, driven by our collective fear of missing out.

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Falling Housing Costs May Start Cooling Off Overall Inflation

Photo by Phil Hearing via Unsplash

While housing prices have skyrocketed in the past two years, the new year may bring a welcome relief to renters.

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Wall Street Takes Back Equity Underwriting Top Spots

Photo by Sam Valadi via CC BY 2.0

American firms like Goldman Sachs and JPMorgan have clawed their way back to the top of the global equity underwriting rankings.

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Amazon Scores Big Win in EU Tax Fight

Photo by Anirudh via Unsplash

In a prime legal win for Amazon, the European Union’s top court ruled that it does not have to pay €250 million in alleged back taxes.

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OPEC+ Is Losing Market Share as Oil Demand Starts to Slip

Photo by Simone Hutsch via Unsplash

OPEC+ now controls just 51% of the global oil market, good for the smallest share since the group’s creation in 2016.

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Microsoft May Turn to Cryogenic Energy to Power Data Centers

Photo via U.S. Patent and Trademark Office

Microsoft’s latest patent may keep its data centers cool and its energy even cooler.

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Pfizer Built a Covid Empire, But the World Has Moved On

Photo by Marco Verch via CC BY 2.0

Pfizer’s stock slumped its lowest level in more than 10 years. The world’s moved on from the pandemic, and nobody loves you when you’re down.

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Tesla Recalls Almost All US Cars Over Self-Driving Woes

Photo by Austin Hervias via Unsplash

Safety regulators said the company’s famed Autopilot driving system had insufficient safeguards to avoid accidents.

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PayPal Patent Aims to Front Your Crypto Purchases

Photo via U.S. Patent and Trademark Office

PayPal may offer users a credit for cryptocurrency that they have to pay back later.

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Apple Faces EU Punishment for App Store ‘Bullying’

Photo by Andy Wang via Unsplash

The European Union is preparing to levy a hefty fine against Apple and ban some of its App Store practices, according to Bloomberg.

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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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