The Daily Upside

Social Media

Reddit’s Expansion Hinges on AI Translation and Sprinkling in some Google Magic

Photo via Connor Lin / The Daily Upside

Reddit, the world’s newest publicly-traded social media company, intends to chase growth by breaking into new markets.

1 min read
Inflation & Prices

The Fed’s Preferred Inflation Gauge Just Ticked Back Up

Photo by Jack Sparrow via Pexels

The last mile is always the hardest. For the Federal Reserve, the last mile in its race to tame inflation just got even harder.

2 min read
Industries

US Airlines Pull in Billions a Year in ‘Junk Fees’, Senate Report Says

Photo by Terrence Bowen via Pexels

Tuesday’s Senate report is a sort of parting shot to the airline industry from the outgoing Biden Administration.

2 min read
Banking

Wells Fargo’s Costly Asset Cap Likely to Be Lifted in 2025

Photo by Tareq Ismail via Unsplash

America’s fourth largest bank has been barred by US regulators from adding assets to its balance sheet since 2018.

1 min read

International Economics

Trump Vows Tariffs on Canada, Mexico, and China

Photo by Christian Harb via Unsplash

Trump promised in a Truth post to levy via 25% tariffs “on ALL products coming into the United States” from Mexico and Canada.

2 min read
Power Corridor

The Bounds of Trump’s Friendship with Elon Musk

Photo illustration by Connor Lin / The Daily Upside, Photos by Shealah Craighead and Justin Pacheco via Public Domain, Retouchman via iStock

Donald Trump has forged an alliance with Elon Musk, but history shows the two have trouble working together. And then there’s China…

5 min read
Advisor Upside

Schwab’s Incoming CEO Wurster on ‘Big Shoes’ and Positive Vibes

Photo via Charles Schwab

Rick Wurster has been with Schwab since 2016 and is set to take the helm of the almost $10 trillion discount brokerage in January.

3 min read
Advisor Upside

CI Financial to be Taken Private in Deal with Mubadala Capital

Photo via Connor Lin / The Daily Upside

The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.

1 min read

Advisor Upside

How ETFs Can Help When Rates Are Going Up or Down

Photo by Photo by Tima Miroshnichenko via Pexels

Advisors know exchange-traded funds as a way to invest in broad market indexes, but they are great for bond management, too.

2 min read
Consumer

Macy’s Says Accounting Worker Hid $154 Million in Expenses

Photo by Phillip Pessar via CC BY 2.0

Macy’s shocked markets Monday when it discovered a single worker hid up to $154 million in delivery expenses over the last three years.

2 min read
Media & Entertainment

Sony Takes the Console Wars Out on the Streets

Photo by Aleks Dorohovich via Unsplash

Plans for a hand-held PlayStation device show the game isn’t really about selling units anymore, it’s about hoarding consumers’ attention.

2 min read
Autos

California May Introduce Electric Vehicle Rebates if Federal Tax Credit Axed

Photo by Bureau of Reclamation via CC BY-SA 2.0

Gavin Newsom said the Golden State “will intervene” and provide rebates to residents on its own if the tax credit goes the way of the Fisker.

2 min read

Patent Drop

Meta To Try Out AI Business Tools as Enterprise Market Heats Up

Photo via U.S. Patent and Trademark Office

A patent for AI chip architecture from Meta could make model development more robust as it builds AI tools for businesses.

2 min read
Patent Drop

Why Salesforce Might Be Eying AI Image Generation

Photo via U.S. Patent and Trademark Office

The tech could make graphics generation more intuitive as the company continues its push towards AI agents.

2 min read
Patent Drop

As Cars Get Smarter, Personalization Presents Privacy Problems

Photo via U.S. Patent and Trademark Office

Ford may want to authenticate your face when you get behind the wheel.

2 min read
Energy

After Near Decade of Talks, a Global Carbon Credit Trading Deal at COP29

Photo by Markus Spiske via Unsplash

Countries at the United Nations COP29 climate summit struck a deal on the basic rules to launch an international carbon trading market.

2 min read
Media & Entertainment

This Year, Hollywood is Thankful for Big Franchises

Photo by Tima Miroshnichenko via Pexels

Three major event films — Wicked, Gladiator II, and Moana 2 — set to dominate multiplex screens this Thanksgiving week.

2 min read
Big Tech

Amazon Pours Another $4 billion into Anthropic

Photo by SounderBruce via CC BY-SA 4.0

It’s not quite Christmas yet, but Amazon is putting cash in the stocking of its favorite AI startup, Anthropic.

1 min read
Personal Finance

The Great Wealth Transfer Might be a Big Mirage

Photo illustration by Connor Lin / The Daily Upside, Photos by Freepik, Banphote Kamolsanei and Cherezoff via iStock

In the coming decades, the Silent Generation and aging Baby Boomers are projected to hand down trillions in wealth. So who will benefit?

4 min read
Healthcare

Novartis Will Pay Up to $1.1 Billion for California Gene Therapy Startup

Photo by Andrew Hecht via CC BY 2.0

Novartis is banking on the startup’s promising treatment candidates for neuromuscular diseases, many of which are genetic in nature.

1 min read

Advisor Upside

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

JPMorgan Tokenizes PE Fund on In-house Blockchain

Photo by Danielvfung via iStock

1 min read
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

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.