The Daily Upside

Klarna Proves it Can Win Even With High Interest Rates

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Klarna, which is planning a US public debut as soon as early 2025, announced stellar first-half results for 2024.

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How Do Active ETFs Work?

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The number of active ETF launches in the US has outpaced passive ETF product launches every year since 2020.

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BlackRock Tops Grayscale for Digital Asset Dominance

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The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.

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Economic Strains Starting to Hit Wealthier Americans, Survey Finds

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Mizuho found that both low- and high-income Americans alike are trying to get as thrifty as possible, reducing spend.

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Exxon Sees Oil Demand in 2050 Unchanged, Testing Net Zero Goals

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ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.

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IBM Shutters Its China R&D Division

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IBM announced it would be shutting down its Chinese research and development team, shifting some operations to other locations.

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Nobel Heir Invests in US Wealth Manager

Photo by Osama Shukir Muhammed Amin FRCP(Glasg) via CC BY-SA 4.0

Peter Nobel is among a group of investors partnering with the wealth manager Cardea to create a rebranded firm Fourcore Capital.

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Franklin Templeton, TD Bank in Regulators’ Crosshairs

Photo by Phillip Pessar via CC BY 2.0

Regulators are intensifying their focus on two financial institutions with the potential for fines stretching into the billions of dollars.

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Roku Patent Balances Ad Output as Streaming Industry Plateaus

Photo via U.S. Patent and Trademark Office

The tech aims to walk a fine line of not overloading customers with bad ads as several streamers launch their own ad-supported tiers.

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Apple Ring Patent Highlights Potential Plan to Expand Product Lineup

Photo via U.S. Patent and Trademark Office

Though the company has competitors in the space from Samsung and Oura, its walled garden ecosystem could give it an advantage.

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Stripe Fraud Detection Patent Could Restore Trust in Crypto

Photo via U.S. Patent and Trademark Office

Stripe wants to fortify blockchain transactions with it’s latest patent.

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RealPage Sued by Justice Department for Alleged Rent Price-Fixing

Image Credit: iStock, JHVEPhoto

The DoJ launched an antitrust lawsuit against Thoma Bravo’s RealPage for allegedly helping property managers conspire to drive up rent.

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A Small Union Win Casts a Big Shadow Over Amazon

Photo by Todd Van Hoosear via CC BY-SA 2.0

Prosecutors for the NLRB concluded that a group of 84 unionized Amazon drivers in Palmdale, California are employed by Amazon.

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Silicon Valley Incubator Backs Its First Defense Company

Image Credit: iStock, Austin Nooe

Y Combinator is backing Ares Industries, a defense company that builds “low-cost cruise missiles.” It previously avoided the defense market.

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RV Having Fun Yet? The Ups and Downs of Camper Economics

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

In addition to offering mobile headquarters for families on vacation, recreational vehicle sales are a pretty good indicator of the economy.

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Is Peloton’s Turnaround Plan Finally Working?

Photo by Phillip Pessar via CC BY 2.0

Peloton reported sales growth of 0.2% in the latest quarter, its first quarter of year-over-year revenue growth since late 2021.

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The EU Wants to Make Its Bankers More Fireable

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The German government is planning to make it easier for companies in the financial sector to fire high-earning employees.

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Canadian Railway Shutdown Threatens US Supply Chains

Photo by Sangkeun Park via CC BY-SA 4.0

Canadian National Railway and Canadian Pacific Kansas City came to a halt after locking out 9,300 employees over a contract dispute.

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Electronic Arts’ Patent Highlights Risks and Rewards of AI in Game Development

Photo via U.S. Patent and Trademark Office

Though generative AI could make game development faster and easier, the industry is divided on where AI fits into the picture.

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Philips Patent Predicts ER Delays Amid Healthcare Staffing Shortage

Photo via U.S. Patent and Trademark Office

Philips’ latest patent could predict how long you’ll be in the waiting room.

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Advisor Upside

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

Trump Media Delays Registration for Bitcoin ETF

Photo via Hu Yousong / Xinhua News Agency/Newscom

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Vanguard’s Joe Davis on AI and the ‘Second Half of the Chessboard’

Joseph Davis, Vanguard’s global chief economist and global head of the Investment Strategy Group.

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China’s Revolutionary DeepSeek Turns to American Hardware for Upgrade

Photo by Solen Feyissa via Unsplash

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