The Daily Upside

Advisor Upside

Why Women Have Less Money Saved for Retirement than Men

Photo by Mikhail Nilov via Pexels

While saving for retirement, women have less than a third the median assets as men and face unique challenges, according to a new survey.

2 min read
Private Equity

Private Equity Firms to Commit $12 Billion for NFL Team Stakes After League Vote

Photo by Sandro Schuh via Unsplash

As the price of franchises soar, shrinking the pool of would-be acquirers, NFL owners are rethinking their aversion to private equity.

2 min read
Big Tech

Google’s AI Energy Thirst Runs into a Problem in Ireland

Photo by Pawel Czerwinski via Unsplash

Google’s hopes for a new data center just outside Dublin were dashed this week when South Dublin County Council refused planning permission.

2 min read
Technology

Klarna Proves it Can Win Even With High Interest Rates

Photo by DealDrop via CC BY 2.0

Klarna, which is planning a US public debut as soon as early 2025, announced stellar first-half results for 2024.

2 min read
Advisor Upside

How Do Active ETFs Work?

Photo by Photo by Tima Miroshnichenko via Pexels

The number of active ETF launches in the US has outpaced passive ETF product launches every year since 2020.

4 min read
Advisor Upside

BlackRock Tops Grayscale for Digital Asset Dominance

Photo by David Tran via iStock

The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.

2 min read
Consumer

Economic Strains Starting to Hit Wealthier Americans, Survey Finds

Photo by Ashlyn Ciara via Unsplash

Mizuho found that both low- and high-income Americans alike are trying to get as thrifty as possible, reducing spend.

1 min read
Energy

Exxon Sees Oil Demand in 2050 Unchanged, Testing Net Zero Goals

Photo by Harrison Keely via CC BY 4.0

ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.

2 min read
Big Tech

IBM Shutters Its China R&D Division

Photo by Mark Ahsmann via CC BY-SA 3.0

IBM announced it would be shutting down its Chinese research and development team, shifting some operations to other locations.

2 min read
Advisor Upside

Nobel Heir Invests in US Wealth Manager

Photo by Osama Shukir Muhammed Amin FRCP(Glasg) via CC BY-SA 4.0

Peter Nobel is among a group of investors partnering with the wealth manager Cardea to create a rebranded firm Fourcore Capital.

2 min read
Advisor Upside

Franklin Templeton, TD Bank in Regulators’ Crosshairs

Photo by Phillip Pessar via CC BY 2.0

Regulators are intensifying their focus on two financial institutions with the potential for fines stretching into the billions of dollars.

2 min read
Patent Drop

Roku Patent Balances Ad Output as Streaming Industry Plateaus

Photo via U.S. Patent and Trademark Office

The tech aims to walk a fine line of not overloading customers with bad ads as several streamers launch their own ad-supported tiers.

2 min read
Patent Drop

Apple Ring Patent Highlights Potential Plan to Expand Product Lineup

Photo via U.S. Patent and Trademark Office

Though the company has competitors in the space from Samsung and Oura, its walled garden ecosystem could give it an advantage.

2 min read
Patent Drop

Stripe Fraud Detection Patent Could Restore Trust in Crypto

Photo via U.S. Patent and Trademark Office

Stripe wants to fortify blockchain transactions with it’s latest patent.

2 min read
Real Estate

RealPage Sued by Justice Department for Alleged Rent Price-Fixing

Image Credit: iStock, JHVEPhoto

The DoJ launched an antitrust lawsuit against Thoma Bravo’s RealPage for allegedly helping property managers conspire to drive up rent.

1 min read
Big Tech

A Small Union Win Casts a Big Shadow Over Amazon

Photo by Todd Van Hoosear via CC BY-SA 2.0

Prosecutors for the NLRB concluded that a group of 84 unionized Amazon drivers in Palmdale, California are employed by Amazon.

2 min read
Investments

Silicon Valley Incubator Backs Its First Defense Company

Image Credit: iStock, Austin Nooe

Y Combinator is backing Ares Industries, a defense company that builds “low-cost cruise missiles.” It previously avoided the defense market.

2 min read
Autos

RV Having Fun Yet? The Ups and Downs of Camper Economics

Photo illustration by Connor Lin / The Daily Upside, Photo by Nerthuz via iStock

In addition to offering mobile headquarters for families on vacation, recreational vehicle sales are a pretty good indicator of the economy.

5 min read
Consumer

Is Peloton’s Turnaround Plan Finally Working?

Photo by Phillip Pessar via CC BY 2.0

Peloton reported sales growth of 0.2% in the latest quarter, its first quarter of year-over-year revenue growth since late 2021.

1 min read
Banking

The EU Wants to Make Its Bankers More Fireable

Photo by Kremlin.ru via CC BY 4.0

The German government is planning to make it easier for companies in the financial sector to fire high-earning employees.

1 min read

FA Upside

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

Eli Lilly’s Weight-Loss Drug Finally Off FDA Shortage List

Photo by Jetcityimage via iStock

1 min read
Climate Change Forces Starbucks Deeper into Coffee R&D

Photo by Shelby Murphy Figueroa via Unsplash

2 min read
Dock Workers Agree to Pause Historic Strike To Negotiate New Contract

Photo by Chuttersnap via Unsplash

2 min read