The Daily Upside

Banking

Goldman Sachs Sees Profits Plummets Amid Consumer Pivot

(Photo by Connor Lin/The Daily Upside)

Goldman Sachs saw its profits slump 33% in its latest quarter, as the bank continues retreating from the consumer banking sector.

2 min read
Policy & Power

Mexico Reviving Transcoastal Railway to Capitalize on Dry Panama Canal

(Photo by Gift Habeshaw on Unsplash)

The renovated line would span Mexico’s two coasts, providing a new artery through which international freight can flow.

1 min read
Industries

Choice Hotels Puts an $8 Billion Merger Squeeze on Wyndham

(Photo by Tony Webster under CC BY-SA 2.0)

Choice Hotels International went public on Tuesday with a nearly $8 billion hostile bid to acquire Wyndham Hotels and Resorts.

1 min read
Personal Finance

Hiring Slowdowns Have MBA Grads Scrambling for a Plan B

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With economic uncertainty looming over the finance industry, a handful of the most popular firms have cut back their MBA hiring efforts.

2 min read

Social Media

Twitter Seeks Out Political Advertisers

The Wall Street Journal reported Monday that Twitter (or X, pick your poison) is aggressively courting political ads on its platform.

2 min read
Healthcare

Corporate America is Fretting the Rising Costs of Employee Healthcare

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Health insurance costs are expected to surge by as much as 6.5% next year, according to a recent survey from consulting firm Mercer.

1 min read
Patent Drop

Meta Patents Aim to Read Brain and Body signals

Photo by Eren Li on Pexels

Meta’s patents highlight a recent consumer tech trend: Tech firms are testing the boundaries of just how close they can get to users.

3 min read
Finance

Carl Icahn’s Big Bet Against Shopping Malls Hasn’t Exactly Worked Out

(Photo Credit: Viktor Bystrov/Unsplash)

Wall Street legend Carl Icahn bet big and — so far — has lost big on a wager against US shopping malls by way of a risky derivative strategy.

2 min read

Electric Vehicles

EV Makers Still Waiting for Their Cars To Be the Next Big Thing

(Photo Credit: Andrew Roberts/Unsplash)

People are buying EVs, just not at the hyper-pace most automakers were hoping would be here by now, The Wall Street Journal reported.

1 min read
Indicators

Recession Increasingly Unlikely, WSJ Economist Survey Finds

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In The Wall Street Journal’s quarterly survey of economists respondents pegged the chance of a recession in the next year at just 48%.

2 min read
Patent Drop

Humane’s AI Pin Could Authenticate With Your Heartbeat

Photo by Rajat Bhardwaj under CC BY-SA 2.0

The filing provides a peek at Humane’s debut device ahead of its reveal in mid-November.

3 min read
Patent Drop

Google’s Tech Could Let AI Skip Training

Photo by Mojahid Mottakin on Unsplash

Google may have found a shortcut to develop chatbots. The tech could prove lucrative in helping enterprises integrate their own AI.

2 min read

Media & Entertainment

The Show’s Over: Is Hollywood Moving Past Peak-TV?

Photo by Samantha Borges via Unsplash

A scale back in production was inevitable to achieve positive cash flow. But can Hollywood’s streaming era survive with fewer new TV shows?

6 min read
OP-ED | Power Corridor

SBF’s Adventures in Wonderland

Photo by Pavel Danilyuk on Pexels

Experts weigh in on how the crypto king, Sam Bankman-Fried, got lost in the casino.

6 min read
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

Advisor Upside

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

For Elderly Clients, Home Design Is the New Hot Ticket

Photo via Eduardo Barraza/ZUMAPRESS/Newscom

2 min read
Anthropic Bets Big on Wealth Management with New AI Tools

Photo via VCG/Newscom

2 min read
Ritholtz Wealth Files for First ETF

Photo via Connor Lin / The Daily Upside

1 min read

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