The Daily Upside

China Makes Surprise Rate Cuts Following Top Policy Meeting

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The People’s Bank of China unexpectedly lowered its benchmark lending rates and a noteworthy short-term policy rate.

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Advisory Firms Say Thanks, But No Thanks to AI

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Artificial intelligence may be one of the fastest-growing tools in business, but don’t tell that to the compliance department.

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Client Assets Rebound on Strong Referral Strategies

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Assets under management for RIAs rebounded sharply last year, and not just because of the markets’ blistering performance.

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Why This Little-Known Wall Street Revenue Stream Is Drying Up

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The jig may be up for cash sweeps, which have long been one of Wall Street’s most lucrative — and hush-hush — revenue streams.

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Meta VR Cloud Gaming Patent Could Clear the Way for Lighter Headsets

Photo via U.S. Patent and Trademark Office

While cloud gaming platforms through Microsoft’s Xbox and Nvidia are already available to consumers, artificial reality cloud streaming isn’t quite there yet.

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Ford Drone Patent May Create an Autonomous Driving Russian Doll

Photo via U.S. Patent and Trademark Office

Patents like this serve as a reminder that autonomous vehicles look like more than just cars themselves.

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Boeing Seeks Fault-Tracking Patent Amid Safety Backlash

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Though AI has the potential to make troubleshooting issues a much more streamlined process, models still often face accuracy issues.

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Starbucks Becomes the Target of Activist Campaign

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Activist investing firm Elliott Management has taken a significant stake in Starbucks, and has already begun pushing for strategic changes.

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London’s Days as the World’s Money-Laundering Capital May Be Numbered

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London has been the world’s top spot for money laundering, but that could be changing. Roughly 17% of UK millionaires are leaving.

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Y24K: Three Days After the Biggest IT Outage in History

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A single file in a defective software update caused a global IT outage that disrupted airports, banks, hotels, trains, hospitals, and more.

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Who has Liability in the Shifting World of e-commerce?

Photo illustration by Connor Lin / The Daily Upside, Photos by Zlatko Plamenov and DilokaStudio via Freepik

Amazon has largely dodged liability for the products sold on their virtual shelves. But could the legal tides be shifting?

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Warner Bros. Discovery Mulls Break-Up Plan

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Just two years after the mega-merger that brought Warner Bros. and Discovery together, it’s discussing dramatic plans to break up.

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Diamonds Come Under Even More Pressure from Sluggish China Demand

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Anglo American is cutting back diamond production to try to hedge against China’s continued ambivalence toward the gemstones.

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Ford Spends $3 Billion to Ramp Up Truck Production, Volvo Reports Electric Results

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Ford will spend $3 billion to expand production of its popular combustion engine large trucks; Volvo reported a record core operating profit.

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Amazon Explainability Patent Could Bring Responsible AI to AWS

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Amazon wants to keep its AI models on a leash.

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JPMorgan Chase’s Patent Tracks Data with Blockchain

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JPMorgan Chase may want to put blockchain to work.

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Google Patent Could Help Robots Have Better Memories

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Google’s patent to give robots a long-term memory could signal the next frontier in AI-based robotics.

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Pernod Ricard Dumps Most Wine Holdings as Grapes Sour

Photo by Eva Rinaldi via CC BY-SA 2.0

Paris-based Pernod Ricard announced Wednesday that it’s selling most of its wine portfolio to a consortium of Australian wine investors.

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Italy Hits Dior and Armani with Antitrust Probe over Working Conditions

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Italy’s antitrust agency has opened an investigation into Dior and Armani over allegations of worker exploitation.

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Chip Stocks Take a Tumble as US Hints at More Restrictions on China

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American chip stocks fell Wednesday morning amid the prospect of even tighter restrictions on business with China.

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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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