The Daily Upside

Advisor Upside

Inside Wells Fargo’s Bet on Independent Advisors

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The wirehouse’s independent channel has become the fastest growing segment of its wealth management unit and helped retain advisors.

2 min read
Advisor Upside

Why Nvidia in the Dow Is Bad News for Dividend Investors

Photo via Nvidia Media Assets

The index investors consider as a basket of blue chip stocks has taken a hard turn toward growth, and away from mature dividend stocks.

2 min read
Advisor Upside

Wall Street Bonuses Surge for First Time Since 2021

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The past two years haven’t been too kind to Wall Street comp plans, but that might be changing as bonuses make a comeback.

2 min read
Consumer

Food Delivery Giant Just Eat Offloads Grubhub to Marc Lore’s Wonder at a 90% Loss

Photo by Alena Kravchenko via iStock

2 min read
Big Tech

Amazon Doubles Down on AI Processor Bet

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Amazon wants to reduce its reliance on Nvidia and offer an alternative to Nvidia for Amazon Web Services clients in the process.

2 min read
Finance

Klarna Files for a US IPO

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Looser regulations might be leading Swedish buy-now-pay-later firm Klarna to choose the US over the UK to host its IPO.

2 min read
Industrials

Activist Investor Elliott Reveals Surprise $5 Billion Stake in Conglomerate Honeywell

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Honeywell may just be the next conglomerate to split into various pieces. At least if Elliott Investment Management has its way.

2 min read
Healthcare

23andMe Gives Up on its Drug Development Dream

Photo by Mike Mozart via CC BY 2.0

A treasure trove of genetic data may hold the key to a revolution in drug development, but it offers no clues for building a business.

2 min read
Energy

Shell Strikes a Blow For Fossil Fuel Industry in Climate Litigation — For Now

Photo by Krish Parmar via Unsplash

Shell managed to overturn a Dutch legal order made in 2021 that had mandated the company cut its emissions 45% from 2019 levels by 2030.

2 min read
Advisor Upside

Can ETFs Break Into the $7.4T 401(k) Industry?

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More than 30 asset managers are asking regulators for permission to offer mutual fund share classes that can fit into retirement accounts.

2 min read
Advisor Upside

Rich Clients Stick With Their Advisor. Their Children? Not So Much

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With the Great Wealth Transfer in full swing, advisors need to be ready for younger clients who are more mobile, according to a survey.

1 min read
Advisor Upside

SEC Fines Robo-Advisor for Athlete Endorsement Violations

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The Shariah-compliant robo-advisor Wahed Invest allegedly violated advertising rules and agreed to a $250,000 fine.

1 min read
Consumer

Nestlé Tries to Hitch a Ride with Formula 1

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Nestlé and Formula 1 announced on Monday that starting with the upcoming 2025 season KitKat will be the sport’s “official chocolate bar.”

1 min read
Healthcare

Abbvie Shares Sink Following Two Poor Trials

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Dissapointing results for two mid-stage trials strikes a blow in Abbvie’s expensive pipeline-via-M&A strategy.

2 min read
International Economics

China’s Trade Surplus Closing in on $1 Trillion, Bolstering Trump’s Tariff Pledge

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Just in time for Trump 2.0, China is on pace for history’s first $1 trillion trade surplus by a single nation, according to Bloomberg.

2 min read
Semiconductors

TSMC To Halt Shipments to China

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Imposing export controls on high-powered computer chips is easy, but enforcing them is much harder. Just ask TSMC.

2 min read
Policy & Power

The Search for America’s Next Treasury Secretary is On

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If the President is America’s CEO, the CFO is the Treasury Secretary. Soon, the country will have a new one in its metaphorical c-suite.

2 min read
Social Media

Australia Wants to Boot Kids off Social Media. Meta Says: Make Apple and Google Do It.

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Last week, Australian Prime Minister Anthony Albanese announced the government plans to introduce a law banning children from social media.

2 min read
Analysis

Wall Street Does DeFi

Photo illustration by Connor Lin / The Daily Upside

New digital-asset funds from BlackRock and WisdomTree are bypassing traditional systems and issuing assets directly on the blockchain.

3 min read
Artificial Intelligence

AI Startup Anthropic to Partner With Palantir, AWS to Sell to Intelligence and Defense Agencies

Photo by TechCrunch via CC BY 2.0

AI startup Anthropic is teaming up with Palantir and Amazon Web Services to get its wares into the intelligence and military market.

1 min read

FA Upside

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

Walmart-Backed Fintech Scores Big Funding Round

Photo by Walmart Corporate via CC BY 2.0

1 min read
Eggs Break Consumers’ Wallets But Producer Stocks Are Sizzling

Photo by Jakub Kapusnak via Unsplash

2 min read
Nvidia Wants to Be Indispensable to the Self-Driving Industry Also

Photo via Nvidia Media Assets

2 min read