Sean Craig

1 week ago | thedailyupside.com | Sean Craig

Quick, someone call TMZ: There’s an even messier celebrity breakup than Trump-Musk with countless billions at stake. Relations between OpenAI and its largest investor, Microsoft, are continuing to fray as the ascendant artificial intelligence firm struggles to get approval from its investor on the fine points of reorganizing into a for-profit public benefit corporation.

1 week ago | thedailyupside.com | Sean Craig

The “Warren Buffett premium” at Berkshire Hathaway is melting faster than a forgotten Dilly Bar. Since the conglomerate’s legendary CEO announced in May that he plans to retire at the end of this year, four months after his 95th birthday, Berkshire shares have fallen roughly 10%. The selloff can be attributed to a handful of factors, chief among them the Buffett premium, which refers to the extra price investors are willing to pay for the billionaire Oracle of Omaha’s stock-picking talent.

1 week ago | flipboard.com | Sean Craig

NowIranian missile strikes tech park housing Microsoft office in southern IsraelFirst responders are searching buildings for people wounded after an Iranian missile struck close to a tech park in the Israeli city of Beer Sheva, according to Israel’s emergency services agency Magen David Adom (MDA).

1 week ago | thedailyupside.com | Sean Craig

They’re SPAC! Just when the market seemed dead and buried, special purpose acquisition companies have risen from the grave. The re-emergence of the once, maybe still, controversial vehicles that let companies go public outside of traditional IPOs is underscored by strong hints this week that one of yesteryear’s biggest Wall Street underwriters of the blank check firms is once again ready to make deals after bowing out of the space three years ago.

1 week ago | thedailyupside.com | Sean Craig

Just like your one CNN-obsessed uncle, the price of oil is sensitive to big geopolitical events. And with that uncle glued to the TV on Tuesday, the world’s two leading oil benchmarks rose more than 4% as an armed conflict between Israel and Iran that broke out on June 13 stretched into its fifth day. With no immediate end in sight, analysts are weighing multiple possibilities that could affect prices down the line.