The Daily Upside

Pharmapalooza: Earnings Highlight Highs and Lows of Cutthroat Sector

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It’s just another earnings week in the life of pharmaceutical CEOs, with blockbuster expectations running up against cruel reality.

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BYD Just Took the Lead in Its Race Against Tesla

Photo by Ganesh Mohan T via CC BY-SA 4.0

Chinese electric vehicle giant BYD announced revenue of just over $28 billion in the three months ending September.

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Royal Caribbean Has a Secret Getaway That Leads to Profit

Photo by Phil Nash via CC BY-SA 4.0

Royal Caribbean raised its annual profit forecast for the fourth time this year. Driving the optimism is a private island in the Bahamas.

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Luckin Coffee is Coming to Starbucks’ Home Turf

Photo by Amin via CC BY-SA 4.0

China’s biggest coffee chain, Luckin Coffee, is eyeing an American expansion that could undercut the market for $10 chai lattes.

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Saudi Arabia’s Sovereign Wealth Fund is Homeward Bound

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Saudi Arabia’s Public Investment Fund (PIF) signaled on Tuesday that it’s dialing down its investments outside the kingdom’s borders.

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Do Elections Matter to Markets?

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Most advisors agree that elections have little impact on markets, but that’s not stopping investors from bracing their portfolios.

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Citi Targets Active ETFs in Europe

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Through its white label platform, the bank hopes to be a dominant force in Europe’s growing active ETF market.

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How Advisors Can Help Turn 529s Into Roth IRAs

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A new law under the Secure 2.0 Act will allow unused savings from 529 education investment funds to be transferred to a Roth IRA tax-free.

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Who’s at Fault in the CrowdStrike-Delta Summer Meltdown?

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Delta Airlines is suing CrowdStrike, which was behind the glitchy software update that sparked a global outage of critical flight systems.

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MLB is Loving the Ohtani Effect

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MLB World Series viewership is way up, thanks in part to Japan-born Los Angeles Dodger Shohei Ohtani. And brands have noticed.

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Meta Readies AI Search Engine to End Reliance on Google, OpenAI

Photo by Anthony Quintano via CC BY 2.0

Meta is developing an artificial intelligence-based search engine to stake its claim in a rapidly growing market.

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Snap’s Generative AR Patent May Target Developers, Brands

Photo via U.S. Patent and Trademark Office

But Meta’s AI may have Snap’s beat “just in sheer volume” of data, one expert said.

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PayPal Blockchain Security Patent Could Build Crypto Trust

Photo via U.S. Patent and Trademark Office

PayPal wants to make crypto transactions less risky.

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Nvidia Eyes AI Guardrails Patent as Chip Sales Soar

Photo via U.S. Patent and Trademark Office

It’s hard to place exactly how much responsibility chipmakers have in ensuring that their tech is used the right way.

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Mercedes-Benz Profits Drop More than 50% in Third Quarter

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Mercedes-Benz is en route to cut costs after profits in the third quarter more than halved year-over-year due to weaker demand in China.

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The NYSE Wants to Go 22/5 on Its Arca Exchange

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The NYSE said Friday that it plans to extend trading hours for equities on its electronic Arca exchange to 22 hours on weekdays.

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Where is the Bottom for Boeing?

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Boeing is considering a sale of its space unit, among other assets. The news comes as its bottom line grows more tenuous.

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Tech FOMO Can Hurt on the Comedown. Can the Cycle Be Broken?

Photo illustration by Connor Lin / The Daily Upside, Photo by Bigmouse108 via iStock

Shiny new innovations draw in ambitious founders and investors, and then FOMO brings in everyone else, making the eventual fall harder.

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Hermès Keeps Up Its Luxury Exceptionalism

Photo by Moonik via CC BY-SA 3.0

Hermès reported financial results on Thursday that showed the scarf and handbag maker is doing pretty well.

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WWE and UFC Parent Group TKO Takes Another Big Swing

Photo by Lorie Shaull via CC BY 2.0

TKO Group will be dropping $3.25 billion to acquire a trio of sports and entertainment properties from Endeavor.

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Advisor Upside

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

Walmart Patent Signals AI Transformation for Bricks-and-Mortar Retail

Photo via U.S. Patent and Trademark Office

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Why AI Augmentation Tech Is More Than a ‘Cost-Cutting Tool’

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Why Access Controls May Be AI’s Biggest Security Vulnerability

Photo via Pavlo Gonchar

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