The Daily Upside

US Regulator Finds ‘Unacceptable’ Deficiency Rates At Audit Firms

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The Public Company Accounting Oversight Board called out an “unacceptable” level of deficiencies at the country’s biggest auditors.

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The UK’s Higher-Education Sector is Trying to Dodge a Finance Crisis

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The UK’s top-notch schools are a premier destination for international students, and education is a big part of the economy.

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Healthcare, Pharma Companies Surge on WHO Mpox Declaration

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The World Health Organization has declared mpox to be a public health emergency, and pharmaceutical and healthcare winners have emerged.

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Salesforce Patent Highlights Alternatives to Third-Party Cookies

Photo via U.S. Patent and Trademark Office

The tech highlights the ongoing privacy conversation surrounding these bite-sized trackers.

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Tesla’s Data Protection Patent Could Personalize Robotaxis

Photo via U.S. Patent and Trademark Office

But data aside, many have cast doubt on the company’s plan for autonomous ridesharing.

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Raytheon Patent Highlights Use Cases and Risks of AI in Defense

Photo via U.S. Patent and Trademark Office

Raytheon’s patent to create sophisticated synthetic image data could allow the firm to generate large, robust datasets.

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Mars Scores Biggest Acquisition Ever with Pringles Maker

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Mars announced on Wednesday that it has agreed to buy snack maker Kellanova, a spin-off from Kellogg’s, for a mouth-watering $35.9 billion.

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GoDaddy Is Flooring It to the Top of the S&P

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GoDaddy now sits just outside the top 10 performing companies in year-to-date returns, outpacing everyone in the Mag-7 except for Nvidia.

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Mortgage Refinancings Surge as Rates Drop, Inflation Cools

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As mortgage rates drop, current homeowners are using the opportunity to refinance their mortgages at the fastest pace since 2022.

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UBS Quarterly Profit Doubles Market Forecast

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UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.

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Starbucks Abruptly Dumps CEO, Poaches Chipotle Boss

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For Starbucks chief Laxman Narasimhan, the daily grind is over. The embattled coffee chain named Chipotle CEO Brian Niccol his successor.

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Paramount Closes TV Studio, Lays Off 15% of Staff

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As Paramount moves under the control of Skydance Media, current leadership is undergoing a campaign to realize half a billion in savings.

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No One’s Having Fun Making Planes

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Airbus hasn’t been able to capitalize much on Boeing’s misfortunes thanks to its own workforce and supply chain issues.

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Advisors Turn to Substack to Tune In New Clients

Photo via Connor Lin / The Daily Upside

The online newsletter platform is providing advisors with the tools to maintain and attract new wealth management clients.

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Can ‘Gen-2’ Robo-Advisors Take On Wall Street?

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With advancements in artificial intelligence, new tools and deeper personalizations may soon be at investors’ fingertips.

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Betting on Volatility? Cboe Plans to Launch Options on VIX Futures

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Attaching options to futures contracts adds more complexity, but the exchange says it may also help protect investments against uncertainty.

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Harris and Trump Agree That Tips Shouldn’t Be Taxed

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Kamala Harris supports eliminating federal taxes on tips for service and hospitality workers, which Donald Trump also supports.

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Canada’s Scotiabank Stakes Out $2.8 Billion in US Lender KeyCorp

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Canada’s Scotiabank, one of the country’s big six lenders, announced Monday that it bought a 14.9% stake in US regional lender KeyCorp.

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X Hit with AI Privacy Lawsuits in the EU

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Nine privacy complaints have been filed against X in the European Union, alleging that Grok illegally hoovers up citizens’ user data.

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What’s Next for Microsoft, Bing in the Google Antitrust Decision?

Photo of Microsoft’s Informational Grounding Generative Model patent via U.S. Patent and Trademark Office

Microsoft’s generative AI search patents could help it gain ground against Google — especially amid its recent antitrust loss.

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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

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