The Daily Upside

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

Photo by Wirestock via iStock

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

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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