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WEBNat Rubio-Licht. Ownership. We are a privately held and independent media company operating as a Delaware registered limited liability company called The Daily Upside LLC. The Daily Upside is a digital media company that covers the world of business, finance, economics, and investing to deliver the most important headlines.
What Ken Fisher’s Nearly $13B Valuation Means for RIAs
WEBJune 24, 2024. Private equity firms are jonesing for a book. Last week, Fisher Investments landed an approximate $3 billion PE deal to sell a minority stake to Advent and the Abu Dhabi Investment Authority at a reported mouth-watering multiple of 20-times earnings. The blockbuster agreement valued the Texas-based RIA at almost $13 billion ...
Schwab Eyes Financial Advice as Cash Sweeps Dry Up
WEBAug 30, 2024 — Schwab was one of the first major brokerages to get hit with a regulatory penalty over cash sweeps in 2022. It was one of the largest cases of its kind; Schwab was fined $187 million by the SEC for failing to disclose the program to clients. One study found customer losses could have risen to as much as $500 million over a six-year period.
Tens of Thousands of Yellow Cabs in Jeopardy as NYC’s Biggest …
WEBSep 5, 2024 — Even in the age of ride-shares, New York’s yellow cabs are iconic symbols of the city. But their challenges go beyond Uber and apps today. Just one company, American Transit Insurance Company (ATIC), insures over 60% of 117,000 taxis and for-hire vehicles.
How Do Active ETFs Work? - The Daily Upside
WEBAug 27, 2024 — Here’s a quick recap on how they work: Instead of buying individual stocks, bonds, currencies, or other assets, ETFs allow stakeholders to invest in bundles that contain small pieces of securities. Some of the most popular ETFs are ones that follow major indexes like the S&P 500 and the Nasdaq, but investors can also buy shares in …
US Regulator Finds ‘Unacceptable’ Deficiency Rates At Audit Firms
WEBAug 15, 2024 — PCAOB found deficiencies in 46% of audits last year, up from 40% in 2022. Deficiencies occur when an auditor fails to collect enough evidence to support part or all of their conclusion. Among the six largest firms, 86% of audits carried out by BDO were found to contain deficiencies, as well as 54% of audits at Grant Thornton. The so-called Big ...
There Are A Lot More People Worth $30 Million Now ... - The Daily …
WEBMar 2, 2022 — The number of so-called U ltra- H igh- N et- W orth I ndividuals, those with $30 million or more in net assets, grew 9.3% to 610,568 last year. North America’s UNWHIs led the charge, growing 11.2% in ranks to 233,590. Knight Frank analysts say the uptick in wealth came about thanks to pandemic conditions that sent the value of high-end assets ...
The UK Investigates Amazon’s Partnership with Anthropic
WEBAug 8, 2024 — The UK’s Competition and Markets Authority announced on Thursday that it’s probing whether Amazon’s $4 billion partnership with AI startup Anthropic breaks antitrust rules. Amazon and Anthropic are both US companies, so it might seem odd for a UK watchdog to be taking an interest, but the CMA has a history of forcing Silicon Valley ...
Investment Bank Centerview Jumps Ahead in Deal Rankings
WEBMar 30, 2023 — This time last year, Centerview ranked 14th among global M&A advisors, but it now sits at 3rd. It’s the highest spot achieved by an independent investment bank in decades. The group facilitated 18 deals this past quarter – much fewer than JPMorgan’s 60 and Goldman Sachs’ 59 – but the total value of those deals was roughly $94 billion ...
12 Years After It Was Founded, Uber Says It Might Finally Make a …
WEBSep 21, 2021 — And the new, slimmer Uber looks better on paper, according to new filings: Uber said Tuesday its adjusted profit will fall between a $25 million loss and $25 million profit when the current quarter ends on September 30. It previously expected to lose under $100 million. Uber’s stock had shed 22% of its value in 2021, but the news of a ...