The Daily Upside

Artificial Intelligence

Musk’s xAI Holds Talks for Another Massive Fundraising Round

Photo via SYSPEO/SIPA/Newscom

To catch up in the AI race, Elon Musk’s xAI is going to have to burn some proverbial rubber — and lots and lots of literal cash.

1 min read
Media & Entertainment

Proposed Crackdown on Pharma Ads Leaves Cable TV Fearing $10B Withdrawal

Photo via Andy Dean/Newscom

The US and New Zealand are the only two countries that allow pharmaceutical companies to directly advertise to patients on TV.

2 min read
Energy

Oil Prices Spike as Israel-Iran Conflict Threatens Production, Shipping

Photo via James Thew/Newscom

With no immediate end in sight, analysts are weighing multiple possibilities that could affect prices down the line.

2 min read
ETF Upside

BlackRock Dumps 14 Funds, Many Being Sustainable Products

Photo via Richard B. Levine/Newscom

The asset manager disclosed that it will close and liquidate the mutual funds and ETFs, including the BlackRock Impact Mortgage Fund.

2 min read

ETF Upside

What the Israel-Iran Conflict Means for Sector ETFs

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ETFs with exposure to shipping and defense have largely held strong despite a series of Israeli missile strikes against Iran.

2 min read
ETF Upside

Fidelity, Franklin Prep Solana ETFs with Staking

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The SEC has warmed up to crypto ETFs and staking, but whether it will approve both in the same package is a question.

1 min read
Personal Finance

AmEx Platinum, Chase Sapphire Reserve Battle for Points in Upgrade Grudge Match

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The two cards both have steep annual fees that put them in direct competition for a spot in consumers’ wallets.

1 min read
Industrials

At Paris Air Show, eVTOL Industry Preps for Takeoff

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For key US eVTOL players Joby Aviation and Archer Aviation, the Paris Air Show comes at a critical moment.

2 min read

International Economics

US Flexes Golden Share in Nippon Merger With US Steel

Photo via Kyodonews/ZUMAPRESS/Newscom

The deal is the Trump administration’s attempt to stake out a new path for balancing national security and the influx of foreign capital.

2 min read
Advisor Upside

What the SEC’s Scrapping of Biden-Era Proposals Means for Advisors

Paul Atkins, Chairman of the U.S. Securities and Exchange Commission. Photo via Michael Brochstein/Sipa USA/Newscom.

The agency unveiled a series of senior-level appointments while also nixing 14 rules proposed during Gary Gensler’s time in charge.

1 min read
Advisor Upside

Wells Fargo’s Hot on Energy, Financials. Not so Much on Consumers

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The bank outlined where it intends to allocate investments over the next year and a half during a midyear outlook event.

2 min read
Advisor Upside

Millennial Women Are Investing More Money Earlier, Says Schwab

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Schwab’s Women Investors Survey showed Millennials invested the most — and were the most likely to enjoy it.

2 min read

CIO Upside

Oracle Patent Keeps Large Language Models From Spilling Secrets

Photo via U.S. Patent and Trademark Office

Oracle’s patent highlights a key issue that AI developers are still reckoning with: Data privacy.

1 min read
CIO Upside

Struggling to Navigate Thorny AI Contracts? Question Everything

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Why getting in the weeds on wording and definitions could save your enterprise in the long run.

2 min read
CIO Upside

Hallucinations Create Complications When AI Goes to Court

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CIOs need to talk to their legal teams about AI “clarity, boundaries, and accountability,” one expert said.

2 min read
Finance

BlackRock’s Virtual Investment Analyst ‘Asimov’ Ushers in AI Era on Wall Street

Photo via Spencer Jones/Plexi Images/GHI/Universal Images Group/Newscom

BlackRock rolled out an AI research platform called Asimov, escalating the intelligence and analysis arms race on Wall Street.

1 min read
Technology

Can Blue Origin Fill NASA’s SpaceX Void?

Photo via Cover Images/ZUMAPRESS/Newscom

NASA is looking to decrease its dependency on key contractor SpaceX, but Jeff Bezos’s Blue Origin is going nowhere at exactly the wrong time.

2 min read
Cryptocurrency

Act of GENIUS or Blockheaded Bill? Congress Considers Stablecoins

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The Senate is set to vote this week on a bill that would introduce the first-ever regulatory framework for stablecoins.

2 min read
ETF Upside

Who Benefits Most from Dual-Share Class ETFs?

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Mutual fund shareholders and retirement savers stand to benefit more than others from dual share class approval.

2 min read
ETF Upside

Single-Stock ETF Market Swells With Firehose of New Products

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Dozens of single-stock ETFs using leverage have recently been filed with the Securities and Exchange Commission.

2 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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