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 navigate the intricate world of personal finance, investments, and corporate earnings. Discover the enticing 3% to 3.5% bonuses offered by Robinhood and Webull on IRA contributions, rollovers, and transfers, unlocking new opportunities for your retirement planning.

Gain valuable insights into the savings required to amass a $1 million nest egg upon retirement, based on an annual income of $120,000. Explore American Express's impressive earnings beat and their affirmation of growth projections for 2024, showcasing resilience in the financial sector.

Witness the stock market's reaction to Super Micro Computer's decision to forego pre-announcing financial results, shedding light on the importance of transparency in the investment landscape. Unravel the complexities surrounding the record-high cocoa prices and the limited accessibility for retail investors to capitalize on this trend.

Delve into the New York Stock Exchange's exploration of round-the-clock trading, a potential game-changer for the financial markets. Heed JPMorgan's warning of a further sell-off in the stock market, and analyze the "collapsing momentum" of the Magnificent 7, a group of high-flying tech stocks.

Celebrate Spotify's profitability as their earnings and revenue surpass estimates, and applaud PepsiCo's robust first-quarter performance, driven by international demand, beating market expectations. Stay informed and ahead of the curve with these captivating narratives that shape the financial realm.

1. Robinhood, Webull Offer 3% to 3.5% Bonuses on IRA Contributions, Rollovers, and Transfers - Read more

2. Here’s how much you need to save to retire with $1 million if you’re making $120,000 a year - Read more

3. American Express Posts Earnings Beat, Affirms 2024 Growth Projections - Read more

4. Super Micro Computer Doesn't Preannounce Financial Results, and Stock Sinks - Read more

5. Cocoa Keeps Hitting Record Highs, But Retail Investors Don't Have an Easy Way In - Read more

6. New York Stock Exchange tests views on round-the-clock trading - Read more

7. JPMorgan warns stock market sell-off has 'further to go' - Read more

8. Why the Magnificent 7's 'momentum is collapsing' - Read more

9. Spotify turns a profit as earnings and revenue beat estimates - Read more

10. PepsiCo's first-quarter results beat as international demand drives growth - Read more

Crypto News

In this captivating weekly newsletter, we delve into the dynamic world of cryptocurrencies and the latest developments shaping the industry. Gain valuable insights into the highly anticipated Bitcoin halving event, arming you with the knowledge you need to navigate this pivotal moment.

Witness Kraken's strategic move to acquire TradeStation Crypto, expanding the cryptocurrency exchange's reach within the United States. Explore Binance's efforts to re-enter the Indian market by paying a $2 million penalty, signaling the growing global acceptance of cryptocurrencies.

Unravel the aftermath of the Bitcoin halving, analyzing the impact on transaction fees and the broader implications for the ecosystem. Discover Only1's $5 million fundraising to build an OnlyFans clone on the Solana blockchain, and speculate on whether creators will embrace this new platform.

Confront the contrarian view from 10x Research Analyst, who argues that the Bitcoin halving is not a bullish event. Delve into Bitcoin's unique volatility profile, drawing parallels with the VIX and MOVE indices amidst the broader market turbulence.

Gain exclusive insights into Venezuela's plans to accelerate its shift towards cryptocurrencies as oil sanctions return, highlighting the potential of digital assets to circumvent economic barriers. Finally, unravel the seismic cryptocurrency earthquake at the SEC, as two lawyers face sentencing for cheating in a giant crypto case, underscoring the regulatory scrutiny in the industry.

1. What You Need To Know Ahead of The Bitcoin Halving - Read more

2. Kraken Is Buying TradeStation Crypto, Expanding Cryptocurrency Exchange's U.S. Reach - Read more

3. Binance seeks to re-enter India by paying $2 million in penalty: report - Read more

4. So, Bitcoin Halving Is Done. What Happened and What's Next? - Read more

5. Bitcoin Transaction Fees Come Crashing Down Post Halving - Read more

6. Only1 has raised $5 million to build an OnlyFans clone on Solana, but will creators join? - Read more

7. Bitcoin Halving Is Not a Bullish Event, Says 10x Research Analyst - Read more

8. Bitcoin's Unique Volatility Profile in Focus as VIX and MOVE Spike - Read more

9. Exclusive: Venezuela to accelerate cryptocurrency shift as oil sanctions return - Read more

10. Cryptocurrency Earthquake at the SEC: Two Lawyers Sentenced for Cheating in Giant Crypto Case - Read more

Artificial Intelligence

In this cutting-edge weekly newsletter, we immerse ourselves in the rapidly evolving landscape of artificial intelligence (AI) and its far-reaching implications. Discover Slack's rollout of AI tools to all paying customers, empowering businesses to harness the power of this transformative technology.

Unravel the strategic decision behind Stability AI's workforce reduction, laying off roughly 10 percent of its employees as the company navigates the ever-changing AI landscape. Explore the dawn of an electric new era for Atlas AI, as a report unveils the startlingly rapid progress and ballooning costs associated with this groundbreaking field.

Marvel at the remarkable acceleration of drug design for Parkinson's disease, thanks to the power of AI, compressing a process that once took years into mere weeks. Witness Meta's ambitious stride as it unveils a new AI assistant across WhatsApp, Instagram, Facebook, and Messenger, redefining the boundaries of digital interaction.

Delve into the controversy surrounding Netflix's most popular documentary, shedding light on the complexities of AI-generated content. Celebrate the quantum leap in computing as quantum computers now possess the ability to run powerful AI that mimics the intricacies of the human brain.

Applaud Apple's strategic move to bolster its AI division through the acquisition of a French startup, solidifying its position in the race for AI supremacy. Ponder the implications of a tech executive's prediction of "AI girlfriends" becoming a billion-dollar industry, offering comfort and companionship in the digital realm.

Brace for the potential impact of TikTok leveraging AI to clone users' voices, raising questions about privacy and ethics. Finally, unravel Microsoft's strategic hiring of a former Meta executive to fortify its AI supercomputing team, underscoring the fierce competition in this rapidly evolving field.

1. Slack rolls out its AI tools to all paying customers - Read more

2. Stability AI lays off roughly 10 percent of its workforce - Read more

3. An Electric New Era for Atlas - Read more

4. AI Report Shows ‘Startlingly Rapid’ Progress - And Ballooning Costs - Read more

5. AI speeds up drug design for Parkinson’s ten-fold - Read more

6. Meta’s new AI assistant is rolling out across WhatsApp, Instagram, Facebook and Messenger - Read more

7. This $362 billion ‘beyond well-positioned’ Dutch company is quietly winning the global AI chips race - Read more

8. Netflix's most popular documentary is embroiled in controversy - Read more

9. Quantum Computers Can Now Run Powerful AI That Works like the Brain - Read more

10. Apple quietly beefs up its AI division with acquisition of French startup - Read more

11. Tech exec predicts ‘AI girlfriends’ will create $1B business: ‘Comfort at the end of the day’ - Read more

12. TikTok could soon leverage AI to clone your voice - Read more

13. Microsoft hires former Meta exec to bolster AI supercomputing team - Read more

Top Article Picks this week

In this captivating weekly newsletter, we embark on a journey that explores the depths of human existence, unraveling the mysteries of our past, present, and future.

Discover the remarkable tale of a Saudi Arabian cave that has sheltered humans and their livestock for a staggering 10,000 years, offering insights into the resilience of our ancestors. Unravel the hidden price of leaving a big city, shedding light on the often-overlooked sacrifices that accompany such a significant life change.

Marvel at the unearthing of a colossal prehistoric snake in India, a testament to the incredible biodiversity that once roamed our planet. Delve into the four fundamental desires that drive all human behavior, unlocking a profound understanding of our motivations and actions.

Embrace the wisdom of cultivating Sunday habits to prepare for the week ahead, equipping you with the tools to tackle challenges with renewed vigor. Confront the paradox of why so many intelligent individuals struggle to find happiness, unveiling the complex interplay between intelligence and contentment.

Unravel the inevitable nature of the laws of physics, revealing the underlying principles that govern our universe. Explore the intriguing relationship between gut bacteria and aging, shedding light on the potential to decelerate the aging process through a deeper understanding of our internal ecosystems.

Confront the poignant narratives of parents who regret having children, offering a candid glimpse into the complexities of parenthood. Finally, discover an effortless way to enhance your memory, empowering you to unlock the full potential of your cognitive abilities.

1. Humans and their livestock have sheltered in this Saudi Arabian cave for 10,000 years (Reading time: 4 min) - Read it here

2. The hidden price of leaving a big city (Reading time: 6 min) - Read it here

3. Colossal prehistoric snake discovered in India (Reading time: 5 min) - Read it here

4. The Four Desires Driving All Human Behavior (Reading time: 7 min) - Read it here

5. 6 Sunday Habits to Prepare for Tackling the Week Ahead (Reading time: 4 min) - Read it here

6. Why So Many Smart People Aren’t Happy (Reading time: 12 min) - Read it here

7. Why the Laws of Physics Are Inevitable (Reading time: 6 min) - Read it here

8. Gut Bacteria Change as You Get Older - and May Accelerate Aging (Reading time: 4 min) - Read it here

9. The Parents Who Regret Having Children (Reading time: 15 min) - Read it here

10. An Effortless Way to Improve Your Memory (Reading time: 6 min) - Read it here

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Book of the week

Burton Malkiel's investment classic "A Random Walk Down Wall Street" delivers sage advice for building long-term wealth through simple, diversified investing strategies. First published in 1973, the book's central premise is that stock markets are extremely efficient, making it virtually impossible to consistently outperform through technical analysis or expert stock picking. Instead, Malkiel advocates buying low-cost index funds that track the overall market.

The revised 9th edition incorporates insights from behavioral finance on investor psychology and cognitive biases. Malkiel guides readers through assessing risk tolerance, asset allocation across stocks/bonds/cash, and adjusting portfolios through life's stages. His reasoned perspective and easy-to-understand examples demystify investing concepts. While actively managed funds rarely beat indexes over long periods, Malkiel acknowledges a small subset of skilled managers can add value.

Overall, this classic text delivers an engaging, evergreen strategy for disciplined investing success: make regular contributions to a diversified portfolio of index funds, minimize expenses and taxes, and stay the course through market gyrations. For investors overwhelmed by today's complex financial landscape, Malkiel's "random walk" approach provides a simple, rational path forward.

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