The Daily Upside

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.

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Big Brokers Beat Estimates in Strong Start to Earnings Season

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

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

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

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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.

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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.

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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.

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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.

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Google Patent Highlights Costs and Benefits of Generative AI Video

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

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Snap Patent Could Use Your Phone to Make AR Glasses Lighter

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

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Mastercard Blockchain Patent Could Make Financial Audits Easier

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Mastercard might use blockchain to straighten out transaction records.

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

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

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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.

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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.

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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.

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Biotech That Once Promised ‘Next Gen’ COVID Vaccine Files for Bankruptcy

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Gritstone Bio announced it is “taking action” to “preserve value and strengthen capital structure” on Thursday.

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TD Bank Accepts Cap on US Growth, $3 Billion in Penalties After Failing to Monitor Money Laundering

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TD Bank pleaded guilty Thursday to conspiracy to commit money laundering for criminal groups, including global drug cartels.

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7-Eleven Parent Company Has a New Plan to Ward off Couche-Tard’s Takeover

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As the takeover bid from Couche-Tard heats up, Seven & i Holdings announced a plan to split its business in two.

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Intel Patent Could Help Build Security Trust in Enterprise AI

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Intel’s recent patent could help track down when AI slips up after it’s shipped out.

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IBM Advertising Patent Could Present Privacy Concerns

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IBM may want to use household appliances to track users and time ads.

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Rolls-Royce Patent Could Retrofit Aircraft with Hydrogen Engines

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Hydrogen faces a number of hurdles before it can be considered a suitable alternative to jet fuel – namely, cost.

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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

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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

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