Sean Craig

sean.craig@thedailyupside.com

Sean Craig (he/him) is a reporter at The Daily Upside. Based in Berlin, he was previously a reporter at the Financial Post and has contributed to Pitchfork, The Daily Beast, BuzzFeed News, Vice, and the National Observer.

Economics

Fed President Hints at Inspo for June Rate Cut

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Cleveland Fed President Beth Hammack said the central bank could be ready to take monetary policy action beginning in June.

2 min read
Blockchain

Cantor Fitzgerald Links With Tether, Bitfinex and SoftBank to Launch Bitcoin Venture

Photo by Alvaro Fernandez Echeverria via iStock

The new venture, dubbed Twenty One, will go public via a Cantor-owned special purpose acquisition company (SPAC).

2 min read
Industrials

Embattled Boeing Shows Surprising Signs of a Turnaround

Photo by Y S via Unsplash

It was only last year that 737 felt like the number of scandals Boeing was embroiled in, rather than the name of its narrow-body aircraft.

2 min read
Industries

US Considers Slashing Drug Prices to Match Cheaper Costs Abroad

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US President Donald Trump is reportedly considering linking prescription drug prices to their price tags in other developed nations.

2 min read
Economics

Dollar Takes a Bruising From Trump’s Jabs at Fed Chair

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The US dollar hit a three year low against a basket of currencies Monday, highlighting investor concerns about US assets.

2 min read
Hedge Funds

Bill Ackman’s Huge Bet on Hertz May Win a Jackpot if Trade War Drags On

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Hertz’s recent track record leaves much to be desired: the rental-car company lost nearly $2.9 billion last year.

2 min read
Consumer

Sliding LVMH Market Value Prompts Luxury Firm’s CEO to Urge US-EU Free Trade

Photo by Jérémy Barande via CC BY-SA 2.0

Investor worries about a fresh batch of US tariffs have dragged LVMH shares in Paris down 23.6% so far this year.

2 min read
Healthcare

Eli Lilly Skyrockets After Promising Results for First Weight-Loss Pill

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The company plans to seek regulatory approval for the revolutionary weight loss treatment by the end of the year.

2 min read
International Economics

China Trumpets Trade War Mettle With Strategic Mineral Advantage

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China is a top global producer of 30 of the 50 minerals the US considers critical, and is sources more than half of the US annual supply.

2 min read
Banking

Consumer Spending Buoyant in Run-up to Tariffs, Big Banks Say

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Banks pocketed huge sums in the first quarter from equities because the “increased market volatility” triggered a rush on transactions.

2 min read
Banking

Goldman Rides Market Chaos to Equities Trading Gold Mine

Photo by Maryland GovPics via CC BY 2.0

Goldman Sachs’ $4.6 billion profit shows you can navigate tough times, as long as you have the brightest minds in finance at your disposal.

2 min read
International Economics

Record Low Arctic Ice Levels Spur Jockeying for Sea Lane Supremacy

Photo by Hector John Periquin via Unsplash

Up to three new international shipping routes could be opened amid melting ice, shortening trips between Asia, Europe and North America.

2 min read
Consumer

Walmart, Uniqlo Join Retailers Touting Ways to Navigate Trade War

Photo by Jaden William via Unsplash

A handful of retail executives hinted this week that they are eyeing some strategic advantages and opportunities amid the trade war.

2 min read
Markets

Tariff Delay Fails to Soothe Bond Market Turmoil

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When yields rise, it suggests a selloff, and it also means likely higher costs of borrowing for companies as well as the government.

2 min read
Industrials

Amazon’s Internet Satellite Venture Achieves Liftoff in Challenge to Musk’s Starlink

Photo via United Launch Alliance

While Kuiper won’t generate revenue for a while, Amazon is still using its enormous influence to position itself for some corporate Star Wars.

2 min read
International Economics

Deal With It: Countries Seek Pacts With US to Avoid Tariffs

Photo by Prime Minister’s Office of Japan via CC BY 4.0

China’s Commerce Ministry vowed to “fight to the end” on Tuesday as Trump greenlit whopping 104% tariffs on its economy.

2 min read
Finance

Time to Duck and Cover? Billionaires Brace for Tariff Fallout

Photo by Financial Times via CC BY 2.0

Jamie Dimon warned inflation is likely going up and Larry Fink said the economy might already be in recession.

2 min read
Finance

High-Profile Firms Freeze IPOs Amid Market Meltdown

Photo by Julio Lopez via Pexels

Klarna is not alone. Several other high-profile firms that were expected to go public have decided to delay their plans.

2 min read
Analysis

Boy, Oh Boycott: Can Canada’s ‘Buy Canadian’ Movement Actually Dent the US?

Photo illustration by Connor Lin / The Daily Upside, Photos by Photka and Koosen via iStock

7 min read
Big Tech

Bruised Apple Gives Investors Ringside Seats for Global Tariff Grudge Match

Photo by Bangyu Wang via Unsplash

The world’s largest public company by market cap had its biggest one-day wipeout since the Covid pandemic’s 2020 shock.

2 min read

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