The Daily Upside

Asset Managers Aren’t Playing the Dual Share Class Waiting Game

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One firm is converting a $12 billion mutual fund to an ETF, and it isn’t alone in doing so before the SEC approves dual share classes.

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Trump’s Truth Social Files for Bitcoin ETF

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The ETF, named after Truth Social, will be managed by Trump’s new fintech, Truth.fi.

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Proxy Warfare

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Proxy advisors are accused of being cartels, but shareholder advocates say they side with corporations in nearly all voting recommendations.

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Why Healthcare Gets Hit Hardest With Cyberattacks

Photo illustration by Connor Lin / The Daily Upside

Cyber-criminals often see healthcare firms’ shoddy protection as a “pot of gold.”

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Does Gold Still Make Sense After Hitting All-Time Highs?

Photo illustration by Connor Lin / The Daily Upside, Photos by Krittiraj Adchasai and Cherezoff via iStock

Despite a pullback in May, the speed of the rally took even longtime gold watchers by surprise.

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NBA Finals Kick Off With an Old (Footwear) Friend

Photo via Ringo Chiu/SOPA Images/Sipa USA/Newscom

An increasing share of NBA endorsement deals has been spread among shoe firms fighting for a piece of Nike’s market share.

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Circle Spirals Upward in $1 Billion IPO

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This is Circle’s second attempt at going public, after its reverse SPAC in 2022 sputtered under regulatory scrutiny.

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Tariffs Deliver Record Drop in US Trade Deficit

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Does the deficit crunch mean the US has won the first big battle of the trade war? Well, that’s a complicated question

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Google Patent Helps You Fix Your Prompts

Photo via U.S. Patent and Trademark Office

Making the most of large language models requires some guidance.

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Why It’s So Hard to Modernize Your Outdated ERP

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Fractured ERP systems are “going to get fewer returns on your investment.”

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AI’s Potential Marketing Payoffs Come With Outsized Brand Risks

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“It’s more than simple streamlining. It’s about outsourcing brand decisions.”

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Countries Fight Over Periodic Table as China Hoards Rare Earths

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As China tightens its grip on rare earths exports, one of its most crucial bargaining chips, the global supply chain is showing cracks.

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Unshackled Wells Fargo Fights to Regain Momentum Lost in Penalty Box

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Wells Fargo shares rose over 2% early Wednesday, hitting a three-month high, after the Federal Reserve lifted its asset cap on the bank.

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US Service Economy Suffers Unexpected Trade War Blow

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The surprising news comes just ahead of an all-important jobs report from the Labor Department due out Friday.

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There’s Almost 600K More Millionaires. That’s Not Necessarily a Good Thing

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Most children of HNW clients plan to switch advisors within two years of an inheritance.

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Goldman, Morgan Stanley, JPMorgan Layoffs to Hit Northeast

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The major Wall Street firms plan to lay off hundreds of workers in June.

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Wedbush and Dan Ives Launch AI Revolution ETF

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The fund, based on Ives’ proprietary research, targets companies leading the charge in robotics, semiconductor chips, retail products, and more.

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Palantir Becomes Trump Trade’s Big Winner

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Palantir’s share price has soared some 77% year-to-date on the backs of key federal government contracts, to hit a record valuation on Monday.

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Thoma Bravo’s $34B Win Leaves PE Rivals Choking on Exhaust Fumes

Orlando Bravo, founder and managing partner of Thoma Bravo. Photo by Joe Budd via CC BY-SA 4.0

Private equity is stuck in a cycle of fewer exits, fewer returns, and fewer backers willing to sign up for new funds.

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Klarna’s BNPL Debit Card Goes Head-to-Head With Banks

Photo via Andre M. Chang/ZUMAPRESS/Newscom

Klarna says the card will offer one free tier and two paid tiers that include discounts and better cashback rates.

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Advisor Upside

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

Can ‘Terror Management Theory’ Explain Inheritance Spending?

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Meet the BlackRock ETF Taking Aim at Invesco’s QQQ

Photo via Erik McGregor/Sipa USA/Newscom

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Neurocrine Scoops Up Hunger-Drug Maker in Latest Multi-Billion-Dollar Pharma Deal

Photo via Andre M. Chang/ZUMAPRESS/Newscom

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