The Daily Upside

Consumer

McDonald’s Lengthens the Meal Deal Wars

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McDonald’s announced that its $5 summer meal deal, which was only supposed to last through June, will now be extended into December.

1 min read
Healthcare

Moderna Is Still Stuck in Post-COVID Limbo

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Moderna walked a tightrope trying to convince shareholders it can both develop a new portfolio of drugs and keep costs down in the process.

2 min read
Patent Drop

Microsoft Patent Protects AI Models from Data Security “Jailbreak”

Photo via U.S. Patent and Trademark Office

Though there are a lot of ways to protect AI models, monitoring user behavior is a vital piece of the puzzle.

2 min read
Patent Drop

JPMorgan Chase Patent Highlights Risk of AI Bias in Banking

Photo via U.S. Patent and Trademark Office

A growing footprint in AI increases risk — especially when it comes to lending and risk analysis.

2 min read
Patent Drop

IBM Diagnostic Patent Highlights AI-powered Healthcare’s Data Issue

Photo via U.S. Patent and Trademark Office

AI has a lot of promise in the healthcare industry in areas such as documentation, imaging, and quicker diagnostics as staffing shortages loom.

2 min read
Advisor Upside

Edward Jones Trims Fees for Mass Affluent Clientele

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Edward Jones, one of the nation’s largest brokerages, is shaving fees for mass affluent clients come October — albeit by just a hair.

2 min read
Advisor Upside

UBS Looks to Tap India’s Private Wealth Market

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The Swiss bank UBS reportedly wants in on the wealth market in India and is considering buying a stake in a local firm to give it a foothold.

2 min read
Advisor Upside

Rich Families’ Wealth to Grow to $9.5 Trillion by 2030

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Wealthy families with their own family offices will be nearly 200% richer by the end of the decade, according to a Deloitte report.

1 min read
Consumer

Gym Group Finally Profitable Again Post-COVID

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The Gym Group announced on Wednesday that in the first six months of this year it swung back to a profit for the first time since 2019.

1 min read
Media & Entertainment

Sports Team Ownership May Be Overrated. Just Ask European Soccer Owners.

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With rising valuations, sports team ownership should be a slam dunk. But it’s also possible those valuations are a little rich.

2 min read
Finance

PwC Slashes 1,800 Jobs in First Mass Cuts Since 2009

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PricewaterhouseCoopers said it will lay off 1,800 staff members at its US unit next month. It will impact 2.5% of the unit’s employees.

1 min read
Industrials

Southwest Airlines Bends to Activist Pressure

Photo via Tomás Del Coro

Elliott Management ousted much of the board at Southwest Airlines, with Gary Kelly announcing his retirement amid broader board turnover.

1 min read
Big Tech

EU Fines Finally Catch Up to Big Tech

Photo by Georges Boulougouris via CC BY 4.0

Apple lost a court case over a €13 billion EU tax bill, and on the same day Google lost an appeal against a €2.4 billion antitrust fine.

1 min read
Banking

Fed Majorly Backtracks on Proposed Bank-Capital Hike

Photo by Thomas Belknap via CC BY-SA 1.0

The proposal to hike holdings for the biggest lenders to buttress market shocks was sliced more than in half.

2 min read
Advisor Upside

Hedge Funds Are Falling out of Favor with the World’s Wealthy

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New research has found a growing number of family offices and high-net-worth clients are kicking their traditional hedge funds to the curb.

2 min read
Advisor Upside

Morgan Stanley Converts Mutual Funds into First ‘Pathway’ ETFs

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Morgan Stanley is bolstering its ETF suite by converting two mutual funds into exchange-traded funds under the Morgan Stanley Pathway brand.

1 min read
Advisor Upside

Active ETFs Approach $1 Trillion in Global Assets

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The actively managed investment vehicles have quickly gained momentum after a Securities and Exchange Commission rule change in 2019.

2 min read
Media & Entertainment

Ubisoft Shares Take a Hit Over Investor Unease

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Shares in major video game publisher Ubisoft took an over 7% hit on Monday after a minor investor’s letter.

1 min read
Media & Entertainment

Activist Investor Calls Out Murdoch Family Drama

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On Monday, the Murdoch family was once again asked the $15 billion question: Who will take over the company after Rupert is no longer around?

2 min read
International Economics

Prices in China to Fall into 2025 Amid Deflationary Sputters

Photo by Gary Lerude via CC BY 2.0

China will see middling returns into 2025 according to new data and a bank analyst report, which paints a grim future for its consumer sector.

2 min read

FA Upside

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

Big Brokers Beat Estimates in Strong Start to Earnings Season

Photos by Ikechukwu Julius Ugwu and Nick Sarvari via Unsplash, Daveynin via CC BY 2.0, and Michael Vi via iStock

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

Photo via Connor Lin / The Daily Upside

2 min read
Wall Street Pay Falls Further From Pandemic Highs

Photo by Lucky Photographer via iStock

1 min read