The Daily Upside

Advisor Upside

The Wealthtech That Quintupled Assets Year-Over-Year, Twice

Photo via Connor Lin / The Daily Upside

New funding and growth have launched the digital investment advisor Farther’s valuation to more than half a billion dollars.

2 min read
Consumer

LVMH’s Core Fashion Division Posts First Sales Drop Since COVID-19

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LVMH shares fell 3.7% after it announced that sales at its core division fell for the first time since 2020.

2 min read
Media & Entertainment

Diamond Sports is Seeking a Sports Betting Rebrand

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Diamond Sports wants to rebrand its portfolio of local Bally Sports regional sports networks (RSNs) and rebrand them.

1 min read
Energy

IEA Forecasts Fossil Fuel Surpluses by 2030

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The International Energy Agency predicts demand for fossil fuels will ebb pretty quickly as we move into the second half of the decade.

2 min read

Semiconductors

ASML’s Earnings Flub Sinks the Chip Sector

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On Tuesday, ASML accidentally published some disappointing earnings results a day earlier than scheduled, sending its share price down.

1 min read
Consumer

Google TikTokifies Its Shopping Service

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Google is revamping its shopping service into a more Instagram-slash-TikTok-esque feed, showing users an infinite scroll of products.

1 min read
Markets

Trading Windfall Pushes Wall Street to Surprisingly Strong Quarter

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How’d the financial giants — namely, Goldman Sachs, Citigroup, and Bank of America — make out this quarter? Surprisingly well, it turns out.

2 min read
Advisor Upside

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

JPMorgan Chase and Wells Fargo, among other banks and asset managers, beat analysts’ expectations in the third quarter.

1 min read

Advisor Upside

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

Photo via Connor Lin / The Daily Upside

A new CFP Board ad campaign targeting college students and high schoolers missed the mark among members. That might be the point.

2 min read
Advisor Upside

Wall Street Pay Falls Further From Pandemic Highs

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The average New York City securities salary dropped 5.2% in 2023, mostly due to smaller bonuses, marking a drop from the pandemic highs.

1 min read
International Economics

The UK and Macau are Rethinking Their Gambling Economies in Different Ways

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UK officials are reportedly weighing hiking taxes on gambling, and Macau continues to wean itself off the industry.

2 min read
Healthcare

Will an Eyecare Company Be at the Center of the Year’s Biggest PE Deal?

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Bausch + Lomb has stirred up significant interest from the pair of private equity giants, TPG and Blackstone.

2 min read

Autos

EV Prices Old and New Are Coming Down

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Executives believe the market for electric vehicles is about to see a rebound in demand as prices come down.

2 min read
Patent Drop

Google Patent Highlights Costs and Benefits of Generative AI Video

Photo via U.S. Patent and Trademark Office

Tons of companies are racing to build an AI video generation engine that actually works.

2 min read
Patent Drop

Snap Patent Could Use Your Phone to Make AR Glasses Lighter

Photo via U.S. Patent and Trademark Office

For any company developing AR, a sleeker, longer-last form factor is the “end goal,” one expert said.

2 min read
Patent Drop

Mastercard Blockchain Patent Could Make Financial Audits Easier

Photo via U.S. Patent and Trademark Office

Mastercard might use blockchain to straighten out transaction records.

2 min read
M&A

EY Delays New Hires’ Start Dates Due to Lackluster Deal Environment

Image Credit: iStock, BalkansCat

EY informed around 200 recent graduates hired for its Parthenon advisory division that their start dates have been postponed until mid-2025.

1 min read
Industrials

Boeing Tries to Bury 17,000 Layoffs in Friday News Dump Extraordinaire

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Boeing announced 17,000 layoffs, a delay to the launch of its 777X passenger jet, and billions in charges related to ongoing strikes.

2 min read
Healthcare

Weight-Loss Drugs Might Not Tank Medicare After All

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New estimates say that Medicare will spend tens of billions of dollars over nine years to cover weight-loss drugs.

2 min read
Technology

A Cyberattack Rattled US Car Dealerships. Which Industry is Next?

Photo illustration by Connor Lin / The Daily Upside

A single point of software failure can turn entire industries into teetering Jenga towers. Next time could be a lot worse.

5 min read

Advisor Upside

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

Banking on a Fed Rate Cut Today, Investors Look for Hints of What’s Next

Photo via Annabelle Gordon/Sipa USA/Newscom

1 min read
UPS Eliminates 48,000 Jobs While Working Toward $3.5 Billion Cost-Cutting Target

Photo via Lindsey Nicholson/UCG/Universal Images Group/Newscom

2 min read
Microsoft, OpenAI (Finally) Finalize Terms of Not-Quite Divorce

Photo via Mattie Neretin/Sipa USA/Newscom

2 min read

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