Grow Smart Income - week 3, 2024

What happened this week?

Good morning valued readers!

I hope this newsletter finds you well. In this week's edition, you'll discover the latest investing and personal finance articles to help you continue growing your wealth and achieving your goals.

Wishing you a relaxed weekend ahead. I appreciate you taking the time to read our newsletter and am grateful for the opportunity to provide you with quality content each week.

Image of the week

Investing and Finance

This week we examine key developments across tech and the economy, including bullish investor sentiment despite anticipated rate hikes, job cuts at major companies like Google amid a focus on AI and positive consumer spending data. However, some experts predict stocks will drop and a recession is imminent, while companies like IBM and Microsoft pour money into AI and quantum computing for future growth..

  1. IBM Stock Is Nearing Its Highest Since 2014. Its AI Rally Is Splitting Wall Street. - Read more

  2. Investors Getting More Bullish on Stocks as They Anticipate Fed Rate Cuts, Survey Shows - Read more

  3. Google CEO Warns Staff of More Job Cuts, Says Company to Unveil AI Goals This Week - Read more

  4. Top economist Steve Hanke says stocks will drop, a recession will hit this year - Read more

  5. Microsoft Doubles Down on AI With Copilot Expansion and $1.5B Vodafone Partnership - Read more

  6. Lithium Miner Albemarle Cuts Costs and Plans Layoffs as EV Demand and Lithium Prices Fall - Read more

  7. Consumers haven't felt this good about the economy since 2021 - Read more

  8. Consumer Spending Beat Expectations Again in December - Read more

  9. Google to invest $1B in UK data center amid ongoing company layoffs - Read more

“The things that change your life are: the people you meet, the classes you take, and the books you read.”

Jim Rohn

Crypto News

This week we dive into major stories in the crypto sector, including increased selling pressure for Bitcoin miners, Gemini's overseas expansion, and the end of Venezuela's Petro experiment. Top predictions also emerge on prices for assets like Solana and the likelihood of approval for spot Bitcoin and Ethereum ETFs. However, the crypto community reacts with skepticism to a potential sign of life from pseudonymous Bitcoin creator Satoshi Nakamoto.

  1. Bitcoin miners in ‘selling mode,’ dumping $450M BTC in a day - Read more

  2. Winklevoss Twins’ Gemini Is the Latest Crypto Firm to Enter France - Read more

  3. Venezuela Ends Controversial Petro Cryptocurrency - Read more

  4. Grok AI predicts Solana price for the end of 2024 - Read more

  5. Coinbase has 70% chance of winning against SEC: Bloomberg analyst - Read more

  6. Satoshi Tweets 'Hello World': Is Bitcoin's Inventor Back? Crypto Community Laughs It Off - Read more

  7. BlackRock's Spot Bitcoin ETF Now Holds More Than $1 Billion Worth of Bitcoin - Read more

  8. BlackRock CEO Larry Fink Sees A Case For Spot Ethereum ETF, But Will It Get Approval? - Read more

“If you celebrate Friday too much, it might be a sign you need to change what you're doing Monday through Thursday.”

Dave Ramsey

Artificial Intelligence

This week we look at major advances in artificial intelligence, including bold predictions that AI could outperform humans in all tasks by 2042 and the removal of OpenAI's ban on military applications. However, AI also shows promise for more positive impacts through Microsoft's Copilot office assistant, AI tutoring programs, and even replicating handwriting. With AI's potential and risks becoming ever clearer, understanding its rapid progress and various applications remains crucial.

  1. Survey says there’s a 50% chance AI beats humans at all tasks in 20 years - Read more

  2. Anthropic researchers find that AI models can be trained to deceive - Read more

  3. Microsoft’s new Copilot Pro brings AI-powered Office features to the rest of us - Read more

  4. Researchers have developed an AI tool that can closely imitate your handwriting style - Read more

  5. OpenAI policies got a quiet update, removing ban on military and warfare applications - Read more

  6. Bill Gates explains how AI will change our lives in 5 years - Read more

  7. A.I.’s Latest Challenge: the Math Olympics - Read more

  8. Mark Zuckerberg’s new goal is creating artificial general intelligence - Read more

  9. Microsoft makes its AI-powered reading tutor free - Read more

“Self-care means enriching your life with interesting challenges that force you to grow. So to take care of yourself, challenge yourself regularly.”

Mark Manson

Top Article Picks this week

  1. Slow Change Can Be Radical Change / 8 min read - Read more

  2. Are you the same person you were when you were a child? / 21 min read - Read more

  3. Self-made millionaire: I copied these 5 rich people habits to earn my first $1 million / 3 min read - Read more

  4. Five Ways Mindfulness Helps You Age Better / 7 min read - Read more

  5. A Few Laws of Getting Rich / 11 min read - Read more

  6. How mindfulness went mainstream / 13 min read - Read more

  7. How to Overcome Your Limiting Beliefs / 13 min read - Read more

  8. Want to improve your memory? Try these unexpected tips. / 8 min read - Read more

  9. Yes, You Can Get Better at Saying No / 7 min read - Read more

  10. What If Money Expired? / 22 min read - Read more

Weekly YouTube videos

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“Everyone driving slower than you is an idiot and everyone driving faster than you is a maniac.”

George Carlin

Book of the week

In his latest book Same as Ever, author Morgan Housel offers a candid look at navigating life's ups and downs. With humor and heart, Housel shares personal stories and lessons learned about embracing change while staying true to oneself. Same as Ever is an uplifting read for anyone going through a major life transition or simply looking to find meaning in everyday moments.

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