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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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Image of the week

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Ring 一 Acquired by Amazon for $1.2B

Nest 一 Acquired by Google for $3.2B

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Investing and Finance

This week, we delve into pressing economic and business issues shaping our world. An insightful piece explores whether having more time, as Europeans do, or more money, like Americans, leads to a better life. Federal Reserve Chair Jay Powell signals interest rates will remain higher for longer in the fight against inflation. We breakdown the first US bank failure of 2024 and what you need to know. A personal finance perspective is offered on why one investor avoids real estate.

On the corporate front, Coca-Cola earnings pop on higher prices and strong Latin American demand, while McDonald's feels the impacts of inflation as consumers watch spending. Behind the scenes, Apple's failed car project was a disaster. Pfizer stock gets a boost from better-than-expected earnings, even as the Fed holds interest rates steady to combat stubbornly high inflation.

In the tech sphere, Microsoft signs a massive $10 billion+ deal for renewable energy to power its data centers. Remarkably, the world's richest man just surpassed a $200 billion fortune milestone. An eventful week indeed across economics, policy, and big business.

1. Europeans have more time, Americans more money. Which is better? - Read more

2. Federal Reserve chair Jay Powell signals interest rates will remain higher for longer - Read more

3. What You Need To Know About the First US Bank Failure of 2024 - Read more

4. Why I Don’t Invest in Real Estate - Read more

5. Coca-Cola Earnings Pop on Higher Prices, Strong Demand in Latin America - Read more

6. McDonald's Says It's Feeling the Impacts of Inflation as Consumers Watch Spending - Read more

7. Apple's Failed Car Was a Disaster Behind the Scenes - Read more

8. Pfizer Stock Gets Boost From Better-Than-Expected Earnings - Read more

9. Fed Holds Interest Rate Steady To Fight Still-Too-High Inflation - Read more

10. Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers - Read more

11. The World's Richest Man Just Surpassed a $200 Billion Fortune - Read more

Crypto News

This week, the crypto world witnessed some major developments and milestones:

Binance founder Changpeng 'CZ' Zhao was sentenced to 4 months in prison, while Hong Kong's Bitcoin and Ether ETFs attracted over $200 million on their debut day. Blockchain forensics firm Elliptic explored leveraging AI and 200 million Bitcoin transactions for anti-money laundering efforts.

In an industry first, Build on Bitcoin launched its mainnet with over 40 apps. VanEck revealed that around $175 billion worth of Bitcoin is held by ETFs, nations and companies. Uniswap enabled crypto purchases via Robinhood Connect.

Trillions of SHIB tokens were on the move by mysterious whales as the Shiba Inu ecosystem looked "ripe to explode." Bitcoin traded around $57,000 as the crypto market dropped 6% ahead of the Fed's decision.

Despite Cardano's 32% price drop, investors expected a $5 ADA price as whale activity hit a six-month high. An eventful week that captured the volatility and potential of the crypto space.

1. Binance Founder Changpeng 'CZ' Zhao Sentenced to 4 Months in Prison - Read more

2. Hong Kong Bitcoin, Ether ETFs attract over $200M on day 1 - Read more

3. Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions - Read more

4. BlackRock Bitcoin ETF sees first outflow day amid record ETF bleed - Read more

5. Build on Bitcoin Launches Mainnet With Over 40 Apps - Read more

6. VanEck says about $175 billion in bitcoin held by ETFs, nations and companies - Read more

7. Uniswap enables crypto purchases via Robinhood Connect - Read more

8. Trillions Of SHIB On The Move By Mysterious Whales as Shiba Inu Ecosystem Looks ‘Ripe to Explode’ - Read more

9. Bitcoin Trades Around $57K, Crypto Market Drops 6% in Run-Up to Fed Decision - Read more

10. Investors Expect $5 ADA Price as Cardano Whale Activity Hits Six-Month High Despite 32% Price Drop - Read more

Artificial Intelligence

This week, we explored the transformative potential and real-world applications of AI across various domains:

We assessed the capabilities of OpenAI's Sora video model and its implications for jobs. An AI system that determines risk of death proved life-saving in a hospital trial. We traced the fascinating evolution from baby talk to baby AI. A 29-year-old ex-bartender shared his inspiring story of earning $100,000 in AI without a college degree. However, 8 daily newspapers sued OpenAI and Microsoft over ChatGPT's alleged copyright violations.

In healthcare, a "ChatGPT for CRISPR" is creating new gene-editing tools. A cautionary tale emerged about a pricey "AI device" that turned out to be an Android app with extra steps. We analyzed how Anthropic's new Claude iOS app and enterprise plan could aid Amazon in the AI race. Thought-provoking pieces examined AI testing the boundaries of human intelligence and the gap between expectations and reality for generative AI.

An insightful week uncovering AI's vast potential coupled with its complexities and limitations in real-world applications.

1. How good is OpenAI’s Sora video model — and will it transform jobs? - Read more

2. AI that determines risk of death helps save lives in hospital trial - Read more

3. From Baby Talk to Baby A.I. - Read more

4. 29-year-old ex-bartender now earns $100,000 working in AI without a college degree - here’s how - Read more

5. 8 Daily Newspapers Sue OpenAI and Microsoft Over A.I. - Read more

6. ‘ChatGPT for CRISPR’ creates new gene-editing tools - Read more

7. Pricey AI "Device" Turns Out to Just Be an Android App With Extra Steps - Read more

8. How Anthropic's New Claude iOS App and Enterprise Plan Could Help Amazon in AI Race - Read more

9. How AI is testing the boundaries of human intelligence - Read more

10. Expectations vs. reality: A real-world check on generative AI - Read more

Top Article Picks this week

This week, we explore a diverse array of thought-provoking topics and human interest stories:

We delve into the complexities of tax systems in "Whose Tax is it Anyway?", and ponder the chilling question "72 Minutes Until the End of the World?". An intriguing piece reveals how "In the US they think we're communists!" sheds light on differing perspectives. An inspiring story highlights the "70,000 workers showing the world another way to earn a living", while heartwarming tale features "The man who turned his home into a homeless shelter". A reassuring read affirms "Yes, People Still Buy Books".

To foster deeper connections, we offer the "100 Best Questions to Ask to Get to Know Someone Better, According to Experts". An informative piece examines "If Sugar Is So Bad for Us, Why Is the Sugar in Fruit Ok?". Finally, a poignant exploration into "Accepting Your Darkest Emotions Is the Key to Psychological Health" provides insight into emotional well-being. A wide-ranging week that touches on societal issues, unique human stories, health insights, and strategies for fostering understanding.

1. Whose Tax is it Anyway? (Reading time: 6 min) - Read here

2. 72 Minutes Until the End of the World? (Reading time: 5 min) - Read here

3. ‘In the US they think we’re communists!’ The 70,000 workers showing the world another way to earn a living (Reading time: 11 min) - Read here

4. The man who turned his home into a homeless shelter (Reading time: 23 min) - Read here

5. Yes, People Still Buy Books (Reading time: 12 min) - Read here

6. 100 Best Questions to Ask to Get to Know Someone Better, According to Experts (Reading time: 14 min) - Read here

7. If Sugar Is So Bad for Us, Why Is the Sugar in Fruit OK? (Reading time: 4 min) - Read here

8. Accepting Your Darkest Emotions Is the Key to Psychological Health (Reading time: 6 min) - Read here

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Book of the week

"Autobiography of a Yogi" is a spiritual classic that chronicles Yogananda's fascinating life journey and encounters with enlightened yogis and saints. Written with profound insight yet refreshing candor, it offers an engaging blend of practical wisdom and riveting stories. Yogananda's experiences provide a compelling glimpse into India's ancient traditions of yoga and meditation. The book introduces powerful truths regarding the unity of all life and the ability to commune with God through disciplined self-effort.

Yogananda's meetings with his guru Sri Yukteswar are particularly illuminating, revealing the immense potential of the human mind. His narration of miracles he witnessed, while extraordinary, is balanced by his scientific approach and discerning outlook. The autobiography is not just a journey through Yogananda's life but a journey within, inspiring seekers to discover their own divine nature. Yogananda's lucid writing style makes complex philosophical concepts accessible and his sense of humor keeps the narrative lively.

Although rooted in the spiritual traditions of India, the book's universal teachings transcend barriers of race and creed. An insightful introduction to yoga philosophy and practices, the book has been a perennial source of inspiration for spiritual seekers worldwide. With its high eminence and appeal, it's no wonder "Autobiography of a Yogi" is considered one of the most important spiritual autobiographies of the 20th century. A must-read for anyone seeking greater self-realization and a deeper understanding of life's profoundest truths.

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