Grow Smart Income - week 16 ver.2, 2024

What happened this week?

Good day valued readers,

We hope this week's carefully curated selection of news finds you well. In this edition, we cover the latest developments across investing, finance, crypto, AI, and other topics to help you stay informed.

As always, our goal is to provide you with a professional, unbiased roundup of noteworthy news to augment your understanding of what's happening in the world. We take pride in hand-selecting articles from trustworthy sources across a diverse range of industries.

Please enjoy this week's newsletter. We're grateful for the opportunity to share these insights with you and look forward to continuing to be a valuable resource.

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Investing and Finance

In this insightful weekly newsletter, we delve into the latest financial and economic developments shaping our world. Explore China's robust 5.3% GDP growth in the first quarter, setting the tone for global markets. Gain valuable investment wisdom by focusing on decades rather than years, as highlighted by Tesla's request for shareholders to re-approve Elon Musk's $56B pay package.

Witness TSMC's rising profits and their anticipation of surging sales driven by the insatiable demand for AI. Assess the market's cautious recovery, with earnings in the spotlight and investors navigating the prospects of a "no landing" scenario for the US economy. Brace for potential turbulence as a Chief Investment Officer warns of a hard "reset" for the stock market, requiring years to recover.

Unravel the complexities behind the US inflation conundrum and the Federal Reserve's keen interest in public sentiment on the matter. Discover Cisco's unveiling of a new AI-focused security system following their $28 billion acquisition of Splunk, while Google implements cost-cutting measures, including layoffs and role shifts abroad.

Explore 23andMe CEO Wojcicki's plans to take the DNA-testing firm private, and celebrate the successful trading debut of Walmart-backed Ibotta, soaring 17% on its opening day. Stay informed and ahead of the curve with these captivating financial and economic narratives.

  1. China’s GDP jumps 5.3% in first quarter - Read more

  2. Invest for the Decades, Not the Years - Read more

  3. Tesla Asks Shareholders To Re-Approve Elon Musk's $56B Pay Package - Read more

  4. TSMC posts rise in profit, expects Q2 sales to jump on 'insatiable' AI demand - Read more

  5. S&P Futures Signal Recovery With Earnings in Focus: Markets Wrap - Read more

  6. Investors increasingly expect 'no landing' for US economy - Read more

  7. The stock market is headed for a hard 'reset' that could take years to recover from, CIO says - Read more

  8. What went wrong with US inflation - Read more

  9. The Fed Cares What You Think About Inflation - Read more

  10. Cisco debuts new AI-focused security system after $28 billion deal to buy Splunk - Read more

  11. Google lays off employees, shifts some roles abroad amid cost cuts - Read more

  12. 23andMe CEO Wojcicki Plans To Take DNA-Testing Firm Private - Read more

  13. Walmart-Backed Ibotta Soars 17% in Its Trading Debut - Read more

“A leader is a dealer in hope.”

Napoleon

Crypto News

In this captivating weekly newsletter, we dive into the dynamic world of cryptocurrencies and the latest developments shaping the industry. Discover OKX's launch of an Ethereum layer-2 network, offering lower fees and enhanced interoperability. Explore the resurgence of Bitcoin's market dominance, partly driven by the influx of ETFs, and witness the revival of dormant 'Satoshi Era' Bitcoin after a 14-year slumber.

Brace yourself for the highly anticipated Bitcoin halving event, which is likely to occur this week, and unravel the implications of Bitcoin's potential supply shortage on exchanges within nine months, according to Bybit. Gain insights into the Korean won's emergence as the most-traded currency for crypto in Q1, surpassing the US dollar.

Witness Kraken's entry into the crypto wallet competition, joining established players like Coinbase and MetaMask. Explore the likelihood of Hong Kong's Bitcoin ETFs remaining inaccessible to mainland Chinese investors, as reported by Bloomberg. Delve into expert perspectives on how the new US stablecoin draft bill could be an 'Ethereum win.'

Finally, brace for potential rate decisions as the Federal Reserve contemplates whether to cut rates in 2024 or maintain their current stance. Stay ahead of the curve with these captivating cryptocurrency and financial market narratives.

  1. OKX launches Ethereum layer-2 network for lower fees & interoperability - Read more

  2. Bitcoin’s Share of Crypto Market Highest Since 2021 Partly Due to ETFs - Read more

  3. Bitcoin From Rare 'Satoshi Era' Moves After 14 Years of Dormancy - Read more

  4. Bitcoin halving is likely this week — here’s what you need to know - Read more

  5. Bitcoin supply to run out on exchanges in 9 months - Bybit - Read more

  6. Korean won surpasses US dollar as most-traded currency for crypto in Q1 - Read more

  7. Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMask - Read more

  8. Hong Kong Bitcoin ETFs Likely Not Available for Mainland Chinese Investors: Bloomberg - Read more

  9. Ethereum Wins Big’ With New US Stablecoin Draft Bill: Expert - Read more

  10. The Federal Reserve may not cut rates in 2024 - Read more

“Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has.”

Margaret Mead, anthropologist

Artificial Intelligence

In this thought-provoking weekly newsletter, we explore the profound impact of artificial intelligence (AI) across diverse domains. Witness the battle between Bitcoin miners and the AI boom as the highly anticipated halving event approaches, according to Bernstein's analysis. Unravel the remarkable success of Baidu's AI chatbot 'Ernie Bot,' which has attracted a staggering 200 million users.

Discover Adobe's groundbreaking integration of generative AI into video editing workflows within Premiere Pro, revolutionizing the creative process. Gain insights into the UK's contemplation of potential AI regulation, as nations grapple with the implications of this transformative technology.

Prepare for bold and actionable predictions about the future of generative AI, and marvel at the advancements in AI-driven skin cancer diagnosis accuracy, as demonstrated by a Stanford Medicine-led study. Explore the newfound AI enthusiasm of Goldman Sachs CEO David Solomon and AWS's move to bring Claude 3 Opus to Amazon Bedrock, intensifying competitiveness.

Brace for the looming threat of booming AI demand on global electricity supply, and witness the remarkable feat of an AI system deciphering teen emotions through head-cam data. Discover Google Maps' innovative use of AI to assist EV car owners in locating charging stations, and Logitech's offering of free AI upgrades for mouse and keyboard users.

Immerse yourself in these captivating narratives that shed light on the profound impact of AI across diverse sectors, shaping our present and future.

  1. Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein - Read more

  2. Baidu says AI chatbot 'Ernie Bot' has attracted 200 million users - Read more

  3. Bringing generative AI to video editing workflows in Adobe Premiere Pro - Read more

  4. The AI That Could Heal a Divided Internet - Read more

  5. UK mulling potential AI regulation - Read more

  6. 3 Bold and Actionable Predictions for the Future of GenAI - Read more

  7. AI improves accuracy of skin cancer diagnoses in Stanford Medicine-led study - Read more

  8. Why Goldman Sachs CEO David Solomon has become an AI believer - Read more

  9. AWS Brings Claude 3 Opus To Amazon Bedrock, Increasing Competitiveness - Read more

  10. Booming AI demand threatens global electricity supply - Read more

  11. Teen Emotions Deciphered by AI and Head-cam - Read more

  12. Google Maps to Use AI to Help EV Car Owners Charge Up - Read more

  13. Logitech mouse and keyboard users are getting a free AI upgrade - Read more

“Keep your fears to yourself, but share your courage with others.”

Robert Louis Stevenson, author

Top Article Picks this week

In this insightful weekly newsletter, we explore the profound impact of lifestyle choices on our well-being and longevity. Unravel the potential benefits and drawbacks of drinking a gallon of water daily. Gain invaluable wisdom on how to gracefully embrace the inevitable journey of life through "dying in good health."

Discover the remarkable advantages of walking, as outlined by medical professionals, and delve into the realities of a four-day workweek. Confront the unsettling truth about the proliferation of low-quality e-books on Amazon and the mechanics behind their creation.

Demystify the intricate subject of protein intake and its importance across various age groups. Gain inspiration from the remarkable story of Marcus Hutchins, the hacker who saved the internet, and his confessions. Explore the possibilities of building muscle mass in one's 60s, even without prior weight-training experience, and its potential to extend longevity.

Confront the sobering reality of Ukraine's impending defeat, and find solace in the empowering revelation that regaining lost muscle is achievable at any age, even from the comfort of your home.

These thought-provoking narratives inspire us to embrace wholesome practices, overcome challenges, and unlock our full potential for a fulfilling and healthful existence.

  1. What Happens When You Drink a Gallon of Water a Day? (Reading time: 3 min) - Read it here

  2. How to Die in Good Health (Reading time: 21 min) - Read it here

  3. 11 Biggest Benefits of Walking to Improve Your Health, According to Doctors (Reading time: 7 min) - Read it here

  4. What It’s Really Like to Have a 4-Day Workweek (Reading time: 10 min) - Read it here

  5. Amazon is filled with garbage e-books. Here’s how they get made. (Reading time: 17 min) - Read it here

  6. The truth about protein: how to get enough – at every age (Reading time: 10 min) - Read it here

  7. The Confessions of Marcus Hutchins, the Hacker Who Saved the Internet (Reading time: 61 min) - Read it here

  8. The muscle miracle: can I build enough in my 60s to make it to 100 – even though I’ve never weight-trained? (Reading time: 12 min) - Read it here

  9. Ukraine is heading for defeat (Reading time: 10 min) - Read it here

  10. You’re Never Too Old to Regain Lost Muscle. And You Can Do It at Home. (Reading time: 6 min) - Read it here

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“Education is the most powerful weapon, which you can use to change the world.”

Nelson Mandela, former President South Africa

Book of the week

"The Sane Society" is a profound philosophical work that builds upon Fromm's concepts from his earlier book "Escape from Freedom." In this book, Fromm provides a critique of modern industrial society and its alienating effects on the individual. He argues that conformity and robotism have caused people to become disconnected from their own humanity and the world they have created. As a counterpoint to Freud's pessimistic view in "Civilization and Its Discontents", Fromm offers a more optimistic vision for society.

Central to his philosophy is the idea of humanistic psychoanalysis, which emphasizes the importance of the individual and social measures to promote personal growth. Fromm makes a case for a sane society that allows people to develop as free, independent, and responsible human beings. He explores concepts like the marketing character, alienation, and idolatry of consumption that plague modern capitalist societies. The book critiques authoritarianism and conformity while promoting humanistic values like reason, freedom, integrity and love.

While philosophical in nature, Fromm's insights have practical applications for creating a more psychologically healthy culture. His vision imagines a society oriented towards human needs rather than economic gain and material pursuits alone. Though written decades ago, the book remains highly relevant to understanding societal ills like loneliness and lack of meaning. "The Sane Society" is a landmark work that cements Fromm as one of the most influential psychoanalytic thinkers of the 20th century.

“To lead people, walk beside them. As for the best leaders, the people do not notice their existence . . . When the best leader’s work is done, the people say, ‘We did it ourselves!’”

Lao Tsu, Chinese philosopher

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