The Daily Upside

Advisor Upside

UBS Looks to Tap India’s Private Wealth Market

Photo by Rupixen via Unsplash

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

Photo by Amtec via CC BY-SA 2.0

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.

Photo by Tom McAtee via iStock

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

Photo by Tima Miroshnichenko via Pexels

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

Photo by Thibaut Broggi via CC BY 2.0

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

Photo by via CC BY 2.0

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
Patent Drop

Amazon Patent Highlights Double-Edged Sword of Personalized AI

Photo via U.S. Patent and Trademark Office

A recent Amazon patent may seek to make Alexa smarter and more personalized — but it could have the opposite effect

2 min read
Patent Drop

Ford Patent May Bring In-Car Advertisements on Your Road Trip

Photo via U.S. Patent and Trademark Office

While this could create a lucrative new revenue stream for Ford, it also presents a privacy conundrum, one expert said.

2 min read
Patent Drop

PayPal Patent Cuts Blockchain Energy Costs as it Ups Crypto Chops

Photo via U.S. Patent and Trademark Office

PayPal’s patent figures out when to use (and not use) blockchain for crypto transactions.

2 min read
Industrials

Boeing Dodges a Work Stoppage in Washington

Photo by Sven Piper via Unsplash

Boeing reached a tentative deal with the union representing its production workers in Washington state, likely dodging a strike.

1 min read
Investments

White House Readying US Sovereign Fund Proposal

Photo by Andy Feliciotti via Unsplash

White House officials are drafting plans to start a sovereign wealth fund that could invest in national security interests.

2 min read
Politics

The Ever-Trickier Geopolitics of Being Elon Musk

Photo by Ministry of Communications of Brazil via CC BY 2.0

Elon Musk’s fight with Brazil has highlighted how his interlocking array of companies can put him in a difficult geopolitical spot.

2 min read

FA Upside

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

Google Patent Highlights Costs and Benefits of Generative AI Video

Photo via U.S. Patent and Trademark Office

2 min read
Snap Patent Could Use Your Phone to Make AR Glasses Lighter

Photo via U.S. Patent and Trademark Office

2 min read
Mastercard Blockchain Patent Could Make Financial Audits Easier

Photo via U.S. Patent and Trademark Office

2 min read