The Daily Upside

Uber Coasts to Another Quarter of Profitability

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Uber returned to profitability in the second quarter, bucking macroeconomic trends and proving it can diversify its revenue streams.

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Acquisition Could See Cheez-It and Pringles Owner Make a Mars Landing

Photo by Abir Hiranandani via Unsplash

Kellanova popped 16% on the NYSE following a Reuters report that said it’s an acquisition target for privately-held confectionary giant Mars

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TikTok Retreats From Get-Paid-to-Use App Under European Scrutiny

Photo by Olivier Bergeron via Unsplash

TikTok agreed to permanently withdraw a rewards program that it had on “TikTok Lite,” essentially a pared-down version of its core app.

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Nvidia Downloaded a ‘Human Lifetime’ Amount of Video Daily to Train Chips

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To compile training data for AI chips, Nvidia was downloading 80 years’ worth of video daily off of YouTube, Netflix, and academic databases.

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Ares Management Breaks Private Credit Fund Record at $34B

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The investment manager’s fund is the largest in a growing number of investments that are fueling the private credit market.

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BlackRock, Invesco Battle Over Private Asset ETFs

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The world’s largest asset managers are devising new ETFs that wrap up private investments into a passive fund.

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Advisors Tack on New Services to Attract Richest Clients

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If advisors want to take full advantage of the growing pool of millionaires, they’ll have to provide a wide range of services.

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Meta Patent Uses AI, AR to Guide Users with Sensory Impairments

Photo via U.S. Patent and Trademark Office

Meta’s recent patent aims to guide people with sensory impairments using an AI agent — but viable and long-lasting smart glasses may be difficult to achieve.

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Disney Patent Brings AI-Free Robotics to Entertainment, Animation

Photo via U.S. Patent and Trademark Office

The simplicity of this method makes it applicable to “almost any type of robot.”

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Mastercard Patent Could Prevent Biometric Data Attacks

Photo via U.S. Patent and Trademark Office

Mastercard’s efforts add to those of several companies looking at ways to prove real from fake.

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Key Indicators Send Markets Into ‘Recession’ Chatter

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Friday ended with the main indices in Asia, Europe, and New York pointing down in unison, the Nasdaq even entering correction.

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Berkshire Hathaway Takes a Steps Back from Apple, Builds Cash Pile

(Photo Credit: Serba Sembilan/Flickr)

Berkshire Hathaway slashed its stake in Apple by nearly 40%, helping grow the Omaha company’s cash pile to more than $270 billion.

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Can Meta’s Threads Power the ‘Fediverse’ into the Mainstream?

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Threads’ user count is a big deal for the federation of decentralized but interconnected social networks — the fediverse — it’s part of.

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How Will Wall Street’s AI Experiment End?

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

Like money, artificial intelligence never sleeps. Financial institutions have pulled out all the stops to fit AI into their own operations.

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WeightWatchers Flounders in the Ozempic Era

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WW announced on Thursday that it will be laying off employees and cutting costs to the tune of $100 million per year.

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Can Carvana Pull Off a Comeback?

Photo via Carvana

Carvana posted stellar results in its latest earnings call, leaving many analysts to wonder if this may be the start of something new.

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The Bank of England Makes Its First Rate Cut in Over Four Years

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The Bank of England voted Thursday to cut its key rates for the first time in over four years by a razor-thin 5-4 margin.

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Google Adds Error-Correction Patent to Arsenal as Quantum Race Heats Up

Photo via U.S. Patent and Trademark Office

Quantum computing faces major roadblocks, but the payoff for overcoming them stands to be tremendous.

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OpenAI Adds to its Small Pool of Patent Filings

Photo via U.S. Patent and Trademark Office

Because of the massive head start that bigger tech firms have, OpenAI may “find themselves boxed out.”

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Toyota Carbon-Tracking Patent Could Incentivize EV, Hybrid Buyers

Photo via U.S. Patent and Trademark Office

“Any potential cost savings based off a vehicle’s lower-than-average carbon footprint could influence more price-conscious consumers.”

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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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