The Daily Upside

German Government Investigates Itself Over UniCredit’s Shock Commerzbank Stake Purchase

Photo by Soenke Rahn via CC BY-SA 4.0

The German government launched an internal probe to figure out how it was blindsided by UniCredit staking a major position in Commerzbank.

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Walmart Wants to Cut Out Credit Card Networks

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Walmart will soon roll out an option that would allow consumers to pay for online orders directly via instant bank account transfers.

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Apple Seeks Adaptable Model Patent as It Readies to Join AI Race

Photo via U.S. Patent and Trademark Office

An Apple patent to train AI without eating up power highlights the advantages and headwinds the tech giant may face in the market.

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Google AR Patent Highlights Potential Advantage in Smart Glasses Market

Photo via U.S. Patent and Trademark Office

Google is giving smart glasses another go. Can it avoid mistakes of the past?

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PayPal Behavior Tracking Patent Adds to its Advertising Bid

Photo via U.S. Patent and Trademark Office

PayPal’s recent ad tech patent could track user behavior to better target deals.

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Creative Planning’s Peter Mallouk on Record Stores and Capitalism

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Peter Mallouk experienced digital disruption firsthand in his career. Tech advancements will continue to upend the RIA industry as well.

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Wealthtech Wave to Top $9.4B

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The wealthtech global market size is primed for continued growth as investors and advisors embrace AI and digital innovation.

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SEC Smartphone Location Data Could Be Linked to Share Prices

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Phone location data links Securities and Exchange Commission visits to corporate offices with drops in company share prices.

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Stock Prices in Half-Pennies Are in Your Future

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The SEC voted unanimously to change market rules so that roughly 1,700 securities can be quoted in increments of $0.005.

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Making Weight-Loss Drugs Takes a Whole Lot of Muscle

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In the obesity drug industry, two players have really been throwing their weight around. There isn’t a third in sight.

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The Fed Finally Delivers on Promise to Slash Interest Rates

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The Federal Reserve finally slashed interest rates, delivering a half-point cut — the high end of consensus expectations.

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Regulators Point the Finger at Banks for Overdraft Fees, Fintech Records

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Two US financial regulators told banks Tuesday to step up protections for consumers: for overdraft fees and tracking fintechs.

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50 Years Before Women are Properly Represented in the Workplace, Report Says

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Despite strides, it will be almost another 50 years before their representation matches their share of the US population.

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Meta Sets New Limits for Teenage Instagram Users

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Meta will roll out a feature to place teenaged users into a new type of account with beefed-up privacy settings and parental controls.

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BP Puts $2 Billion US Onshore Wind Business Up for Sale

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On Monday, BP announced it will put its US onshore wind power business, estimated to be worth about $2 billion, on the market.

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Shein’s London IPO Overshadowed by Transatlantic Geopolitics

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A Labour Party official said he’d like to see legislation that heavily impacts imports of Chinese textiles — a potential problem for Shein.

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Boeing Weathers Serious Turbulence Amid Worker Strike

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Days after industrial workers in its Pacific Northwest plants voted to approve a labor strike, Boeing instituted a hiring freeze.

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Meta Neural Network Patent Showcases AI’s Place in Artificial Reality Bet

Photo via U.S. Patent and Trademark Office

The company’s access to data gives the power to create AR features that are “pretty sophisticated,” one expert said.

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Lyft Seeks Micromobility Patents Amid Bike and Scooter Restructuring

Photo via U.S. Patent and Trademark Office

The company’s recent changes, aimed at “right-sizing [its] cost structure,” include layoffs and shifting focus from R&D.

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Oracle Patent Strengthens Software as It Plays AI Catch-up

Photo via U.S. Patent and Trademark Office

While Big Tech got it’s moment in the sun, Oracle and others are now following suit with their own growth spurts.

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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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