The Daily Upside

Consumer

Google TikTokifies Its Shopping Service

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Google is revamping its shopping service into a more Instagram-slash-TikTok-esque feed, showing users an infinite scroll of products.

1 min read
Markets

Trading Windfall Pushes Wall Street to Surprisingly Strong Quarter

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How’d the financial giants — namely, Goldman Sachs, Citigroup, and Bank of America — make out this quarter? Surprisingly well, it turns out.

2 min read
Advisor Upside

Big Brokers Beat Estimates in Strong Start to Earnings Season

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JPMorgan Chase and Wells Fargo, among other banks and asset managers, beat analysts’ expectations in the third quarter.

1 min read
Advisor Upside

‘Burrito Scarfer’ CFP Board Ads Weren’t Meant for Advisors (Or, Even Adults)

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A new CFP Board ad campaign targeting college students and high schoolers missed the mark among members. That might be the point.

2 min read

Advisor Upside

Wall Street Pay Falls Further From Pandemic Highs

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The average New York City securities salary dropped 5.2% in 2023, mostly due to smaller bonuses, marking a drop from the pandemic highs.

1 min read
International Economics

The UK and Macau are Rethinking Their Gambling Economies in Different Ways

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UK officials are reportedly weighing hiking taxes on gambling, and Macau continues to wean itself off the industry.

2 min read
Healthcare

Will an Eyecare Company Be at the Center of the Year’s Biggest PE Deal?

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Bausch + Lomb has stirred up significant interest from the pair of private equity giants, TPG and Blackstone.

2 min read
Autos

EV Prices Old and New Are Coming Down

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Executives believe the market for electric vehicles is about to see a rebound in demand as prices come down.

2 min read

Patent Drop

Google Patent Highlights Costs and Benefits of Generative AI Video

Photo via U.S. Patent and Trademark Office

Tons of companies are racing to build an AI video generation engine that actually works.

2 min read
Patent Drop

Snap Patent Could Use Your Phone to Make AR Glasses Lighter

Photo via U.S. Patent and Trademark Office

For any company developing AR, a sleeker, longer-last form factor is the “end goal,” one expert said.

2 min read
Patent Drop

Mastercard Blockchain Patent Could Make Financial Audits Easier

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Mastercard might use blockchain to straighten out transaction records.

2 min read
M&A

EY Delays New Hires’ Start Dates Due to Lackluster Deal Environment

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EY informed around 200 recent graduates hired for its Parthenon advisory division that their start dates have been postponed until mid-2025.

1 min read

Industrials

Boeing Tries to Bury 17,000 Layoffs in Friday News Dump Extraordinaire

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Boeing announced 17,000 layoffs, a delay to the launch of its 777X passenger jet, and billions in charges related to ongoing strikes.

2 min read
Healthcare

Weight-Loss Drugs Might Not Tank Medicare After All

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New estimates say that Medicare will spend tens of billions of dollars over nine years to cover weight-loss drugs.

2 min read
Technology

A Cyberattack Rattled US Car Dealerships. Which Industry is Next?

Photo illustration by Connor Lin / The Daily Upside

A single point of software failure can turn entire industries into teetering Jenga towers. Next time could be a lot worse.

5 min read
Healthcare

Biotech That Once Promised ‘Next Gen’ COVID Vaccine Files for Bankruptcy

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Gritstone Bio announced it is “taking action” to “preserve value and strengthen capital structure” on Thursday.

2 min read
Banking

TD Bank Accepts Cap on US Growth, $3 Billion in Penalties After Failing to Monitor Money Laundering

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TD Bank pleaded guilty Thursday to conspiracy to commit money laundering for criminal groups, including global drug cartels.

2 min read
Consumer

7-Eleven Parent Company Has a New Plan to Ward off Couche-Tard’s Takeover

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As the takeover bid from Couche-Tard heats up, Seven & i Holdings announced a plan to split its business in two.

2 min read
Patent Drop

Intel Patent Could Help Build Security Trust in Enterprise AI

Photo via U.S. Patent and Trademark Office

Intel’s recent patent could help track down when AI slips up after it’s shipped out.

2 min read
Patent Drop

IBM Advertising Patent Could Present Privacy Concerns

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IBM may want to use household appliances to track users and time ads.

2 min read

Advisor Upside

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

Tech Giants Deliver AI-Powered Earnings Growth

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1 min read
US Trade War Saps China’s Economic Momentum

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2 min read
Economic Anxiety Leaves McDonald’s Digesting Biggest Sales Drop in Five Years

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2 min read

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