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Top thedailyupside.com News

Stocks Drop After Fed Comments as Mideast Fears Lift Crude
Donald Trump

Stocks Drop After Fed Comments as Mideast Fears Lift Crude

52% Center coverage: 17 sources
HONG KONG: Equities fell on Thursday (Jun 19) after the Federal Reserve warned Donald Trump's trade war could reignite US inflation and dampen economic growth, while oil rose on Middle East concerns as investors awaited developments in theSee the Story
Elon Musk’s xAI Seeks $4.3 Billion in Fresh Equity Funding: Report
Elon Musk

Elon Musk’s xAI Seeks $4.3 Billion in Fresh Equity Funding: Report

46% Right coverage: 11 sources
Elon Musk’s AI startup xAI is reportedly seeking to raise $4.3 billion in equity funding alongside a $5 billion debt fundraising effort. The company has spent most of the $14 billion it previously raised, with only $4 billion remaining as of March.See the Story
Housing starts drop to lowest level since pandemic
Housing · United States

Housing starts drop to lowest level since pandemic

75% Center coverage: 8 sources
The number of housing units that started construction in May fell to the lowest level since 2020 as the sector battles headwinds blown by high interest rates. See the Story

UBS, Pictet Report Data Leak After Cyber Attack on Provider, Client Data Unaffected

60% Left coverage: 5 sources
ZURICH :Swiss banks UBS and Pictet on Wednesday said they had suffered a data leak due to a cyber attack on a provider in Switzerland that did not compromise client information, although a report said thousands of UBS workers' data was affected.Swiss newspaper Le Temps said that files containing details of teCyber Security · SwitzerlandSee the Story

We Need to Fix the So-Called GENIUS Bill

100% Center coverage: 3 sources
A bipartisan majority in the Senate has just passed the GENIUS Act to provide a regulatory framework for stablecoins. A similar bill, the STABLE Act, is working its way through the House. President Trump wants to sign a stablecoin bill into law this year, so it looks like we are well on our way to a long overdue regulatory regime for stablecoins.Or are we? We shouldn’t count our chickens before they hatch. The proposed legislation is flawed and …Donald Trump · United StatesSee the Story

IBM Patent Seeks to Help AI Models ‘Unlearn’

100% Center coverage: 1 sources
IBM wants to help AI models pick up good habits.  The tech firm is seeking to patent a system for  “automated guidance for machine unlearning,” which essentially helps AI models discard programming that deviates from its intended objectives and makes suggestions on retraining.  First, IBM’s tech removes data from a trained machine learning model that may be influencing specific outputs, such as ones exhibiting bias or accuracy issues. Then, the …IBM · New YorkRead Article

How Advisors Can Avoid Becoming Over-Reliant on AI

100% Center coverage: 1 sources
Apparently there’s no AI in team. Artificial intelligence is being hailed as a key element of the fourth industrial revolution, and new tools are now assisting financial advisors with taking notes, drafting emails, and brainstorming thought leadership content. In fact, the vast majority of advisors said generative AI helped their practices, according to a survey earlier this year. But AI isn’t a silver bullet. It lacks emotional intelligence and…Artificial IntelligenceRead Article

BlackRock Dumps 14 Funds, Many Being Sustainable Products

100% Center coverage: 1 sources
BlackRock is clipping more than a dozen mutual funds and ETFs from its lines, about half of which focus on sustainable investing. In most cases, the funds appear to have struggled to attract assets: The majority each represent less than $50 million. In all, they account for $549 million, with nearly half of that in the $254 million BlackRock Impact Mortgage Fund, which has been in operation since 1992. The asset management giant filed notices Fr…BlackRockSee the Story

What Advisors Can Learn from the NBA Finals

Coverage: 2 sources
The NBA finals are here, and that means watching some of the best professional basketball teams execute at the highest level.  It can also be a time to reflect on how the same dynamics are at play while building a top-notch wealth management firm. Achieving excellence, whether in sports or an RIA, demands both strategic thinking and strong leadership. While talent is crucial, true success hinges on a leader’s ability to unite individuals with di…NBA Finals · United StatesSee the Story

What the Israel-Iran Conflict Means for Sector ETFs

100% Center coverage: 2 sources
ETFs tracking energy, aerospace, and defense stocks have wiped out initial losses following the onset of the conflict between Iran and Israel, instead climbing to new highs amid speculation that a prolonged conflict might drive up oil prices and fuel demand for weapons. The attacks and Iran’s retaliatory strikes, which also sent shock waves through Israeli-focused funds and broader markets, have far-reaching implications, with gains and losses e…Software · IsraelSee the Story

Spacs Are Hot Again, and Even Goldman Wants a Piece of the Action

100% Center coverage: 2 sources
Wall Street’s Spac-quiescence to the new realityWall Street · LondonSee the Story

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