Wall Street

Finance

What’s Fueling the Market Rebound?

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The S&P 500, having recovered all its losses from earlier this month, sits just less than 2% away from the all-time peak it reached in July.

2 min read
Finance

How Will Wall Street’s AI Experiment End?

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

Like money, artificial intelligence never sleeps. Financial institutions have pulled out all the stops to fit AI into their own operations.

5 min read
Big Tech

Silicon Valley Gears Up for Crucial Earnings Week

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Apple, Amazon, Microsoft and Meta all report earnings this week. Wall Street is dying for any hint that heavy investment in AI is paying off.

2 min read
Advisor Upside

Advisory Firms Say Thanks, But No Thanks to AI

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Artificial intelligence may be one of the fastest-growing tools in business, but don’t tell that to the compliance department.

2 min read
Advisor Upside

How Interest Rates Cut Into Morgan Stanley’s Earnings

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Morgan Stanley’s performance was held down by its wealth management division and a Federal Reserve that is stuck in neutral on rate cuts.

1 min read
Advisor Upside

BlackRock Hits Record AUM as Wall Street Banks Report Solid Earnings

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CEO Larry Fink attributed the healthy performance to growth in private markets, retail active fixed income, and the company’s ETF business.

1 min read
Private Equity

Pringles Packaging Maker’s Acquisition Offers Rare Pop Amid Private Equity Buyout Crunch

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KPS Capital Partners sold Eviosys to Sonoco for $3.9 billion after paying $2.7 billion in 2021, a rare buyout windfall in 2024.

2 min read
Advisor Upside

Breakaway Advisors Say Going Indie Was Worth It: Schwab

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Going independent can be daunting, but the majority of advisors say the decision turned out to be the right one, according to the survey.

3 min read
Banking

Big Banks are Falling in Love with Mid-Sized Companies

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Wall Street’s biggest banks are increasingly working with mid-sized companies — much to the chagrin of mid-sized and boutique banks.

2 min read
Big Tech

AI Sends Apple’s Share Price Soaring

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Two days after Apple unveiled its wave of artificial intelligence systems, the tech giant witnessed a massive share price rally.

2 min read
Markets

Where Have All the Short Sellers Gone?

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Since 2008, funds with a short bias have seen assets decrease to $4.6 billion from around $7.8 billion.

2 min read
Indicators

The Inverted Yield Curve Usually Predicts a Recession — Until Now

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The yield curve has now been inverted for around 400 trading sessions, and there’s no recession in sight. So what gives?

1 min read
Banking

Jamie Dimon Seems Unfazed About JPMorgan’s Tepid China Business

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Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”

2 min read
Electric Vehicles

Biden Reportedly Planning a 100% Tariff on Chinese EVs

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But the ramped-up protectionist wave hasn’t extended to investor interest in new shares of Chinese companies.

2 min read
Regulation

Regulators Look to Expand Whistleblower Reward Programs

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In its 2023 full-year report, the SEC Office of the Whistleblower said it received 18,354 whistleblower tips, a 49% increase from 2022.

1 min read
Regulation

Business Groups Sue FTC Over New Noncompete Regulations

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The FTC estimates its ban will help create 8,500 new businesses and increase average annual worker wages by $524.

2 min read
Markets

Bigger Is Still Better in the S&P 500

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The top 50 companies in the index have seen a collective 4.5% skid so far in April, while the bottom 50 have slipped 8.6%.

2 min read
M&A

Dealmaking Is Coming Back — With or Without Fed Rate Cuts

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Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.

2 min read
Banking

Goldman Sachs Leans On ‘Core Strengths’ to Crush Q1 Earnings

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In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.

2 min read
Patent Drop

JPMorgan Chase Continues AI Rampage with Volatility Prediction Patent

Photo via U.S. Patent and Trademark Office

JPMorgan Chase wants to predict overly-aggressive investors with AI.

3 min read