The Daily Upside

Markets

Key Indicators Send Markets Into ‘Recession’ Chatter

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Friday ended with the main indices in Asia, Europe, and New York pointing down in unison, the Nasdaq even entering correction.

2 min read
Finance

Berkshire Hathaway Takes a Steps Back from Apple, Builds Cash Pile

(Photo Credit: Serba Sembilan/Flickr)

Berkshire Hathaway slashed its stake in Apple by nearly 40%, helping grow the Omaha company’s cash pile to more than $270 billion.

1 min read
Technology

Can Meta’s Threads Power the ‘Fediverse’ into the Mainstream?

Photo by Julio Lopez via Unsplash

Threads’ user count is a big deal for the federation of decentralized but interconnected social networks — the fediverse — it’s part of.

2 min read
Finance

How Will Wall Street’s AI Experiment End?

Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

Like money, artificial intelligence never sleeps. Financial institutions have pulled out all the stops to fit AI into their own operations.

5 min read
Healthcare

WeightWatchers Flounders in the Ozempic Era

Photo by Slgckgc via CC BY 2.0

WW announced on Thursday that it will be laying off employees and cutting costs to the tune of $100 million per year.

1 min read
Autos

Can Carvana Pull Off a Comeback?

Photo via Carvana

Carvana posted stellar results in its latest earnings call, leaving many analysts to wonder if this may be the start of something new.

1 min read
International Economics

The Bank of England Makes Its First Rate Cut in Over Four Years

Photo by George Rex via CC BY-SA 2.0

The Bank of England voted Thursday to cut its key rates for the first time in over four years by a razor-thin 5-4 margin.

2 min read
Patent Drop

Google Adds Error-Correction Patent to Arsenal as Quantum Race Heats Up

Photo via U.S. Patent and Trademark Office

Quantum computing faces major roadblocks, but the payoff for overcoming them stands to be tremendous.

2 min read
Patent Drop

OpenAI Adds to its Small Pool of Patent Filings

Photo via U.S. Patent and Trademark Office

Because of the massive head start that bigger tech firms have, OpenAI may “find themselves boxed out.”

2 min read
Patent Drop

Toyota Carbon-Tracking Patent Could Incentivize EV, Hybrid Buyers

Photo via U.S. Patent and Trademark Office

“Any potential cost savings based off a vehicle’s lower-than-average carbon footprint could influence more price-conscious consumers.”

2 min read
Advisor Upside

The Japanese Wealth Manager That Boosted Profits By 195%

Photo by Miki Yoshihito via CC BY 2.0

Nomura Holdings’ net income tripled in the first quarter from a year ago thanks in part to its wealth management division.

2 min read
Advisor Upside

Breakaway Advisors Aren’t Just a Wirehouse Problem

Photo by Amtec via CC BY-SA 2.0

The independent advisory industry is growing larger than ever before, and that’s becoming a real problem for RIAs.

2 min read
Advisor Upside

Vanguard, BlackRock, State Street Face Potential Hurdle From Decades-Old Rules

Photo by Can Pac Swire via CC BY-SA 2.0

Vanguard is sounding the alarm that regulators may soon enforce rules that set limits on how much of a company investors can own.

2 min read
Industries

Boeing Taps New CEO to Navigate Cloudy Skies, Multibillion-Dollar Losses

Photo by Sven Piper via Unsplash

Robert “Kelly” Ortberg, an industry veteran, will take over as Boeing’s CEO on Aug. 8, inheriting its financial woes.

2 min read
Electric Vehicles

BYD Finds an American Friend in Uber

Photo by EEYAUT Waihung via CC BY-SA 4.0

Uber announced a new partnership with BYD to get 100,000 of its drivers into the company’s electric vehicles.

1 min read
Artificial Intelligence

Chipmakers Reaffirm Winner Status in the AI Economy

Photo by Köf3 via CC BY-SA 3.0

Investors are showing a lot of love to the computer chip supply chain. Nvidia, Samsung, and TSMC are all clawing back gains this week.

2 min read
Investments

Bill Ackman’s Pershing USA Officially Slashes IPO Fundraising Target to $2 Billion

Photo by Senate Democrats via CC BY 2.0

Ackman’s Pershing Square Capital Management announced that its planned IPO for a US closed-end fund will raise $2 billion.

2 min read
Artificial Intelligence

AI Search Startup Perplexity Launches Ad Revenue-Sharing Program

Photo by Robert Way via iStock

AI-powered search engine startup Perplexity announced a revenue-sharing program on Tuesday with a handful of media companies.

2 min read
Consumer

Temu Faces a Supplier Revolt

Photo via Connor Lin / The Daily Upside

Suppliers are upset Temu is swapping to a more Amazon-esque supplier model and trying to drive prices ever-downward.

2 min read
Advisor Upside

Anti-Woke Strive Asset Management Launches Wealth Platform

Photo by Gage Skidmore via CC BY-SA 2.0

Strive said last week that it’s launching a new wealth management offering to customers and announced $30 million in fresh funding.

2 min read

FA Upside

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

Advertisers Worry Facebook May Become X

Photo by Sanket Mishra via Pexels

2 min read
The Most Important Pharma Event in America Kicks Off Today With High Hopes for M&A

Photo by Alexandros Michailidis via iStock

2 min read
Coffee and Chocolate Are the Reigning Commodity Kings

Photo by Chevanon Photography via Pexels

2 min read