The Daily Upside

Power Corridor

House’s Two-Step Shuffle

Alabama Republican Rep. Mike Johnson, in the first big test of his leadership as House Speaker, led the charge to push through an extremely unique two-step plan this week to prevent a government shutdown.

1 min read
Policy & Power

The Cost of Climate Change Is Adding Up

(Photo by Matt Palmer on Unsplash)

The annual US National Climate Assessment included an economic impact assessment for the first time, and it’s not pretty.

1 min read
Technology

The Former ‘Russian Google’ Wants Out of Russia

(Photo by Michael Parulava on Unsplash)

Yandex, once Russia’s largest tech company, is looking to sell all of its Russian assets, Reuters and Bloomberg reported on Monday.

2 min read
Economics

Small Businesses Stall Amid Higher-for-Longer Interest Rates

(Photo by Blake Wisz on Unsplash)

In a Goldman Sachs survey of more than 1,200 small businesses, 53% said they can’t afford to take out loans at their current rates.

1 min read

Regulation

UK Follows EU’s Lead With Its Own Carbon-Tax Plan

(Photo by Pixabay on Pexels)

The UK plans to press ahead with a carbon border adjustment mechanism, or levies on goods from countries with weaker climate regulations.

1 min read
Energy

Exxon Plans Expansion Into Lithium Production

(Photo by Justin on Unsplash)

Exxon announced plans to enter the lithium production game in 2027, effectively elbowing its way into the electric vehicle supply chain.

2 min read
Artificial Intelligence

AI Bots Struggle to Transition from Novelty to Money-Maker

Photo by TechCrunch under CC BY 2.0

Sam Altman thinks big and spends big. But when it comes to a product that makes money, the whole AI thing can feel a little Metaverse-y…

2 min read
Industries

The Brain Tech Business Keeps Getting Buzzier

Photo by Steve Jurvetson via CC BY 2.0

The neural interface market is full of startups vying to put technology into the human brain, but which will actually make brains a business?

5 min read

Patent Drop

JPMorgan Chase Fuels AI Ambitions With New Patent

Photo by Precious Madubuike on Unsplash

JPMorgan Chase wants to be the finance industry’s AI frontrunner, filing patent after patent to secure its AI tech portfolio.

3 min read
Banking

Banking’s Fantastic Four Grab a Bigger Share of Industry Profits

(Photo by Kenny Eliason on Unsplash)

Of the roughly 4,400 operating banks in the US, nearly half of all banking profits in the third quarter came from just four.

2 min read
Patent Drop

Adobe May Add Face Swapping Tools to its AI Arsenal

Photo by Onur Binay on Unsplash.

The company’s latest patent could have implications for training image generating AI without the copyright issues.

2 min read
Patent Drop

Microsoft’s Automatic Data Center Patent Could Take on AWS

Photo by Brett Sayles on Pexels

Microsoft’s patent to sublet data centers close to the source could surpass the physical barriers that cloud innovation faces.

3 min read

Blockchain

Former FTX Execs Hope You Forget Their Old Employer

(Photo Credit: Traxer/Unsplash)

A group of former FTX employees, who were key witnesses in Sam Bankman-Fried’s fraud trial, are planning to launch a new crypto exchange.

1 min read
Inflation & Prices

Low-Wage Workers Are Losing Their Leverage

(Photo Credit: Dan Burton/Unsplash)

Thanks to high demand for low-paying jobs in recent years, workers had plenty of leverage for bigger salaries and better perks.

2 min read
Big Tech

Tech Giants Win Regulatory Case in EU, But Tax Clouds Loom

(Photo by Chris Nagahama on Unsplash)

Meta, Google, and TikTok successfully argued that individual European countries can’t cook up their own laws for large digital platforms.

1 min read
Media & Entertainment

AMC Swung to a Profit, Still Needs More Cash

(Photo by Donreál Lunkin on Unsplash)

AMC, the world’s largest movie theater chain, said Thursday that it filed to offer up to $350 million of stock.

1 min read
International Economics

Japan’s Central Bank Has an Unusual Foe: Inflation

(Photo by Jezael Melgoza on Unsplash)

After decades of trying — and failing — to stoke inflation, Japan has finally been gifted steadily rising prices.

2 min read
Patent Drop

Apple Could Use Generative AI to Visualize Your Feelings

Photo by Blocks Fletcher on Unsplash

The tech further adds to the company’s reported investment in generative AI, and shows that it wants to build up its health tech even further.

3 min read
Industrials

American Airlines Is Trying to Poach All the Industry’s Pilots

(Photo by Ross Sokolovski on Unsplash)

To combat a crippling pilot shortage, PSA Airlines is dangling bonus packages worth $250,000 to lure pilots.

1 min read
Healthcare

Amazon Offers Prime Members a Discount For its Posh Healthcare Service

(Photo by Impuls Q on Unsplash)

Amazon said Wednesday it plans to offer Prime subscribers low-cost annual memberships to its boutique One Medical primary care business.

1 min read

Advisor Upside

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

Instead of Chasing Alpha, Here Are 4 Ways to Pick the Low-Hanging Apples

4 min read
‘Bucket List’ Vacations Give Way to Budget-Friendlier Trips amid Sky-High Fuel Prices

Photo illustration by Connor Lin / The Daily Upside

4 min read
Most 401(k) Holders Don’t Seek Help from Plan Advisors (But They Want It)

Photo by Getty Images via Unsplash

1 min read

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