The Daily Upside

Consumer

Macy’s Says No to Private Equity Buyout. Now What?

Photo by Anthony Quintano via CC BY 2.0

The board of directors for Macy’s unanimously voted to end negotiations with Arkhouse and Brigade to take the company private.

1 min read
M&A

Cleveland-Cliffs to Buy Canadian Steelmaker for $2.8 Billion

Photo by Ant Rozetsky via Unsplash

Steel giant Cleveland-Cliffs announced Monday that it will buy Canada’s Stelco Holdings for C$3.85 billion ($2.8 billion).

1 min read
Big Tech

Apple Makes Strides in India as Global Competition Heats Up

Photo by Trac Vu via Unsplash

As the global market becomes increasingly competitive, Apple has turned toward India as a way to diversify its revenue stream.

2 min read
Advisor Upside

Morningstar CEO: ‘The Wolf’ Is Coming For AUM Fees

Photo via Morningstar

Stocks generated a healthy 12% annualized return over the past decade, but AUM fees may come into question in a downturn.

2 min read

Advisor Upside

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

Microsoft Patents Signal Demand for Explainable AI

Photo via U.S. Patent and Trademark Office

1 min read
Quantum Computing Race Isn’t Run ‘In a Vacuum’

Photo by Galina Nelyubova via Unsplash

2 min read
How Shadow IT Concocts Cybersecurity Nightmares

Photo by Matheus Bertelli via Pexels

2 min read

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