The Daily Upside

Honda May Bet on Carbon Removal to Clean its Factories

Photo via U.S. Patent and Trademark Office

Honda may be placing its hopes on carbon capture to reach bold net-zero goals – despite the tech’s high price tag.

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Uber Takes a U-Turn Back to Unprofitability

Photo by Ilya Plekhanov via CC BY-SA 4.0

A $721 million loss from equity investments in other companies pulled the entire company down to an overall loss of $654 million.

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EV Big Rigs Are Getting Too Expensive for Trucking Customers

Photo by Atomic Taco via CC BY-SA 2.0

EVs cost double to operate, can travel half as far, and require recharging, which isn’t ideal for an industry operating on thin margins.

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US Mulls Export Bans on AI Software to China

Photo via Connor Lin / The Daily Upside

The US worries that models like ChatGPT could allow China to launch cyberattacks or even design biological weapons.

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IBM’s Coding Companion Patent Adds to the Sea of AI-based Developer Tools

Photo via U.S. Patent and Trademark Office

A recent IBM patent shows that it may be working on Grammarly for software developers.

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The Private-Equity Takeover Bell Is Tolling for Peloton

Photo via Peloton

At least one PE firm has reportedly spoken with Peloton as it considers going private, but no deal is certain.

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UBS Has Left its Credit Suisse Burden Behind

Photo by Ank Kumar via CC BY-SA 4.0

Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.

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Disney’s Streaming Unit is Finally (Sort of) Profitable

Photo by Anthony Quintano via CC BY 2.0

The company’s Disney+ and Hulu platforms eked out $47 million in operating income. Just don’t ask about ESPN+.

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Renters Are Losing Hope They’ll Ever Own a House

Photo by Aubrey Odom via Unsplash

A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.

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Brick-and-Mortar Stores Start Leaning into Online Shopping

Photo by Hobi Industri via Unsplash

In 2023, roughly 42% of e-commerce orders involved a store acting as a fulfillment hub or a place where consumers can pick up or return items.

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Robinhood’s Crypto Unit Receives SEC Wells Notice

Photo via Connor Lin / The Daily Upside

The move follows the SEC’s suit against crypto exchange Coinbase for allegedly operating an unregistered securities exchange.

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Apple Adds AI Patent as it Preps for AI-powered iPhones

Photo via U.S. Patent and Trademark Office

“Generative AI could fuel the next big Apple iPhone refresh cycle.”

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Cocoa Prices Are On a Wild Ride

Photo by Federico Respini via Unsplash

Cocoa prices plunged almost 30% in the past week after a rally that pushed prices nearly 80% higher to start the year.

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JPMorgan Chase Patents Take On Unconscious Bias Using AI

Photo via U.S. Patent and Trademark Office

JPMorgan Chase is tackling human biases with two recent patents.

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Warren Buffett Doesn’t See Much Reason to Deplete Huge Cash Pile

(Photo Credit: Serba Sembilan/Flickr)

Berkshire Hathaway’s legendary investor admitted that he doesn’t have any idea how to put $189 billion of cash to effective use.

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Ford Patent Signals Privacy Problems with Connected Vehicles

Photo via U.S. Patent and Trademark Office

As vehicles become more connected and autonomous, they also collect a lot more data.

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Shell Sold Millions of ‘Phantom’ Carbon Credits

Photo by Flickr via CC BY 1.0

Oil industry titan Shell has sold millions of carbon credits linked to CO2 removal that never actually occurred, the Financial Times found.

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Japan Looks to Leave its Lost Decades Behind

Photo illustration by Connor Lin / The Daily Upside

After years of chronic stagnation, prices are rising again, with inflation exceeding the Bank of Japan’s 2% target for two years running.

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US Cattle Prices Take a Hit as Bird Flu Spooks Traders

Photo by Etienne Girardet via Unsplash

Futures prices had surged to record highs in recent months because of droughts contributing to the country’s smallest herd since the 1950s.

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UBS Mulls a Massive Cost-Cutting

Photo by Claudio Schwarz via Unsplash

The slow integration of Credit Suisse has only exacerbated existing problems with UBS’s asset management unit.

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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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