Michael Goodman

michael@thedailyupside.com

Michael Goodman (he/him) has been executive editor of The Daily Upside since June 2023. His previous stops include Business Insider, Mergermarket, TheStreet.com, and Dow Jones Newswires, as well as two fun startups that didn’t quite make it. He lives in Berkeley, California, with his wife and two children.

Consumer

Gucci’s China Problem Is Testing Investors’ Patience

Photo by Do Nhu via Unsplash

The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.

1 min read
Autos

GM Drives to a Big Q1 Profit

Photo by Truck Hardware via CC BY 2.0

GM said it grew market share across several pickup and SUV models, despite pricing incentives that were “well below” the industry average.

1 min read
Real Estate

Paris Residents Still Waiting on Huge Demand for Olympics Rentals

Photo by Rodrigo Kugnharski on Unsplash

Residents have watched their dreams for a huge windfall dwindle as a glut of listings has come on the market, driving rental prices lower.

1 min read
Industrials

Bay Area Airports Battle Over What Gets to Be Called ‘San Francisco’

Photo credit: Supercarwaar/Wikimedia Commons

Oakland’s move to change its airport name to include the San Francisco Bay has irritated its bigger-city neighbors.

2 min read
Electric Vehicles

Ford Is Enticing Tesla Owners With Special F-150 Lightning EV Discount

Photo via Ford

Ford is offering a $1,500 rebate to Tesla owners who may not want to wait around until 2025 for a pricey Cybertruck.

2 min read
Industrials

Boeing CEO Scored $33 Million Payout in 2023

Photo by John McArthur on Unsplash.

David Calhoun enjoyed a 45% jump from 2022, but the aerospace giant has started to tie executive pay to broader safety goals.

1 min read
Consumer

Warm Weather Melted Winter Businesses

Photo by Seattle Parks and Recreation via CC BY 2.0

The warmest winter on record in the lower 48 states was unsurprisingly not a good season for companies that rely on snow.

1 min read
Social Media

TikTok’s Booming Growth Isn’t What it Used to Be

Photo by Solen Feyissa via Unsplash

As politicians kick around the idea of a US ban, the popular social media platform is having growth struggles.

1 min read
Private Equity

Klarna Co-founder Is Loading Up on Shares Ahead of Expected IPO

Photo by Karolina Grabowska via Pexels

Victor Jacobsson has been buying shares through special purpose vehicles as its top VC sponsor debates the impact.

1 min read
Markets

European Stock Markets May Need a Makeover

Image Credit: artJazz

Despite record highs, the region’s equities markets have fallen behind the US in star power, trading volume, and IPOs.

2 min read
Electric Vehicles

Tesla Touts High-End Roadster as EV Industry Fights Slumping Demand

Photo by Justin Pacheco via Public Domain Mark 1.0

While everyone else looks to navigate a tepid market, Elon Musk plans to sell a $250,000 performance car next year.

2 min read
International Economics

European Junk Bonds Are Back in Fashion

Image Credit: artJazz

Several countries are looking more resilient than previously expected, leading to hopes that rate cuts will save riskier assets.

1 min read
Social Media

Reddit Plans to Turn its Meme-Stock Powers on Itself

Photo by Brett Jordan via Pexels

The company reportedly plans to set aside shares for 75,000 of its power users to buy ahead of its spring IPO.

1 min read
Consumer

Walmart Finds a New Secret Weapon: E-Commerce

Photo by Mike Mozart via CC BY 2.0

The company’s online sales topped 16% of total sales in its most recent quarter, its highest level yet.

1 min read
Semiconductors

Nvidia’s Never-Ending Rally Has Hedge Funds Off to a Good 2024

Photo by Maurizio Pesce via CC BY 2.0

The AI semiconductor giant’s stock tripled last year — and it’s jumped nearly 50% already in 2024.

1 min read
International Economics

Recession Is Rearing its Head, But Not in the US

Photo by David Vives via Unsplash

Japan and the UK both announced that their economies shrunk over the past 6 months, while US consumers have yet to stop spending.

2 min read
Inflation & Prices

Investors Are Buying Up a Bigger Share of Cheap Homes

Photo by Jonathan Cooper via Unsplash

More than a quarter of all US home sales were bought by investors in the last quarter, a new all-time high.

2 min read
Banking

New York Community Bank Scrambles for Stability

Photo by Tdorante10 via CC BY-SA 4.0

The company’s stock reversed a weeklong decline, as it prepares to shift leadership and offload riskier assets.

2 min read
Banking

New York Community Bank’s Nosedive Has Regional Banks on Shaky Ground

Photo by Tdorante10 via CC BY-SA 4.0

The bank’s shares plunged after it announced it set aside a huge reserve for future loan defaults.

1 min read
Consumer

Uber Shuts Down Drizly Just Three Years After Pricey Purchase

Photo by Zhuo Cheng You via Unsplash

The business was acquired in 2021 for $1.1 billion, but times have changed since the pandemic’s heyday for delivery.

1 min read

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