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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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Investing and Finance

The market rout has erased over $1.5 trillion in value from pandemic winners like Netflix and Peloton as consumer behavior normalizes. Sweden's central bank bucked the hawkish trend by cutting rates, diverging from the Fed's aggressive tightening path. An unorthodox investment vehicle allows investors to profit from others' life insurance policies upon their death. Berkshire Hathaway shareholders shared amusing stories about Warren Buffett and Charlie Munger at the iconic annual meeting, highlighting four key lessons for success.

Americans are surprisingly paying down credit card balances despite high inflation, suggesting responsible money management. Shopify's stock plunged after disappointing guidance revealed the e-commerce platform's struggle to sustain pandemic-fueled growth. An overwhelming 81% of young people believe a 4-day workweek would boost productivity according to a new CNBC/Generation Lab survey, reflecting changing attitudes about work-life balance.

Amazon is doubling down on its cloud computing presence in Singapore with a massive $9 billion investment into its AWS data centers. Data center operator Equinix saw its stock soar as businesses ramp up infrastructure to power AI apps and workloads. Video game platform Roblox's share price plummeted after disappointing Q1 results and weak guidance missed expectations, raising concerns about slowing growth in the gaming space.

1. Pandemic-era winners suffer $1.5tn fall in market value - Read more

2. Sweden cuts interest rates as Europe diverges from Fed - Read more

3. Death that literally pays dividends: Inside the world of life-settlement investments - Read more

4. 4 lessons for success from Berkshire shareholders’ best Buffett and Munger stories - Read more

5. Why Are Americans Cutting Back on Credit Card Debt? - Read more

6. Shopify Stock Sinks on Disappointing Guidance - Read more

7. 81% of young people say a 4-day workweek would boost productivity, new CNBC/Generation Lab survey reports - Read more

8. Amazon’s AWS to double down on Singapore with additional $9 billion cloud investment - Read more

9. Data Center Operator Equinix Soars on AI Demand - Read more

10. Roblox Plummets as Q1 Results, Guidance Disappoint - Read more

Crypto News

Revolut, the fintech firm, launched its long-awaited cryptocurrency exchange catering to experienced traders. Investment firm Susquehanna added $1 billion worth of Bitcoin ETFs to its portfolio. LocalMonero, a peer-to-peer Monero exchange, announced it will shut down operations after 7 years. The SEC's crypto crackdown has led to investigations into numerous companies like Coinbase, Binance, and others. Crypto wallet provider Exodus had its planned NYSE stock listing postponed for further SEC review.

The SEC argued for a $2 billion penalty against Ripple in their long-running lawsuit, dismissing Ripple's $10 million counterproposal. President Biden stated he would veto any legislation nullifying the SEC's controversial crypto lending rules. Ethereum's Dencun upgrade unexpectedly made ETH slightly inflationary again according to CryptoQuant data. Vitalik Buterin proposed a new upgrade to streamline smart wallet operations on Ethereum.

Robinhood's CEO spoke publicly after receiving a Wells notice from the SEC over its crypto listings and disclosures. The overview covers the Revolut crypto exchange launch, institutional crypto moves, closure of a Monero exchange, the SEC's crypto crackdown and penalties, Ethereum's inflationary upgrade, and Robinhood's regulatory issues.

1. Revolut's Crypto Exchange Goes Live for Experienced Traders - Read more

2. Susquehanna International Group adds $1B in Bitcoin ETFs to portfolio - Read more

3. LocalMonero to shut down P2P exchange after seven years of operation - Read more

4. SEC Crypto Crackdown: Every Company That Is Being Investigated - Read more

5. Crypto Wallet Provider Exodus’ NYSE American Stock Listing Postponed for SEC Review - Read more

6. SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal - Read more

7. President Biden says he would veto resolution countermanding SEC crypto rule - Read more

8. Ethereum's Dencun upgrade is making ETH inflationary again - Read more

9. Vitalik Buterin Proposes New Ethereum Update to Streamline Smart Wallets - Read more

10. Robinhood CEO Speaks After SEC's Wells Reporting! - Read more

Artificial Intelligence

Internet pioneer Robert Kahn's work on distributed computing and packet networks laid foundations for modern AI and crypto decades ago. OpenAI unveiled a new tool to give artists more control over how their data is used to train AI models. Many teachers view AI as a potential aid to reduce burnout and workloads in the classroom.

Alien hunters' techniques for sifting through noise could offer lessons for AI researchers trying to find meaningful patterns. Microsoft developed an "air-gapped" AI system walled off from the internet for use by intelligence agencies. AI could help people remain in physical jobs longer by enhancing capabilities as they age.

A Microsoft and LinkedIn study found workers are secretly using AI for key tasks out of fear it makes them look replaceable. Wisconsin is getting a major new AI data center to support demand for compute power. There are important distinctions between current generative AI and artificial general intelligence (AGI).

SoftBank is reportedly in advanced talks to acquire AI chip startup Graphcore to bolster its capabilities in accelerating AI workloads. The overview covers AI's origins, data rights, education uses, intelligence applications, augmenting human workers, adoption concerns, infrastructure buildup, advanced AI concepts, and semiconductor deals.

1. Crypto? AI? Internet co-creator Robert Kahn already did it… decades ago - Read more

2. OpenAI’s New Tool Will Give Artists Control Over Their Data—but It’s Unclear How - Read more

3. Teachers struggling with burnout view AI as tool to ease burdens - Read more

4. What Can AI Researchers Learn From Alien Hunters? - Read more

5. Microsoft made an ‘air-gapped’ AI for spies that’s walled off from the internet - Read more

6. AI can help people keep physical jobs for longer - Read more

7. Workers are secretly using AI on important tasks over fears it makes them look replaceable - Read more

8. What to know about the new AI data center in Wisconsin - Read more

9. The Important Difference Between Generative AI And AGI - Read more

10. SoftBank In Advanced Talks To Buy AI Chip Designer Graphcore: Report - Read more

Top Article Picks this week

Backward walking is being touted as an excellent but underutilized workout for improving strength, balance, and cardiovascular health. A debate rages on whether forcing children to apologize is an effective discipline technique or misguided. Physiotherapists recommend functional exercises like squats, planks, and walks that anyone can do from home to build core strength.

Cohabitation is increasingly becoming an accepted alternative to traditional marriage for some couples. Remembering names is a challenge, but techniques like repetition, association, and the hand-trick can help improve this useful skill. When negotiating with bullies, experts advise keeping calm, being assertive yet reasonable, and avoiding provocations.

The idea of manifesting desires through positive thinking is criticized by some as pseudoscience not supported by evidence. There is growing discussion around whether 401(k) retirement plans have failed working Americans by transferring excessive risk.

The overview covers unique workout recommendations, parenting debates, home exercise tips from experts, demographic trends around marriage, advice for improved personal skills, strategies for difficult negotiations, scrutiny of self-help concepts like manifestation, and critiques of the 401(k) retirement system.

1. Backward Walking Is the Best Workout You’re Not Doing (Reading time: 8 min) - Read here

2. Is It Wrong to Tell Kids to Apologize? (Reading time: 7 min) - Read here

3. Physiotherapists on the Functional Exercises Everyone Should Do From Home (And They Do Themselves) (Reading time: 5 min) - Read here

4. Why couples are choosing cohabitation over marriage (Reading time: 12 min) - Read here

5. How to Actually Remember People’s Names (Reading time: 6 min) - Read here

6. How to negotiate with a bully (Reading time: 5 min) - Read here

7. What We Get Wrong About Manifesting (Reading time: 6 min) - Read here

8. Was the 401(k) a Mistake? (Reading time: 21 min) - Read here

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Book of the week

"The Greatest Salesman in the World" is a motivational classic and runaway bestseller with over 4 million copies sold. Through an engaging parable, it shares the wisdom of 10 ancient scrolls containing principles for success and fulfillment. The story follows a poor salesman who discovers these scrolls and diligently applies their teachings, transforming his life.

The scrolls cover concepts like self-motivation, perseverance, enthusiasm, gratitude, and living each day with purpose. Mandino weaves these powerful lessons into a captivating narrative that inspires personal growth. Sales leaders like Lester J. Bradshaw have endorsed it as essential reading for any salesperson.

Beyond sales, the book's universal principles have resonated with readers worldwide seeking greater happiness and achievement in all areas of life. First published in 1968, it remains a perennial bestseller over 50 years later. With its timeless wisdom and engaging storytelling, "The Greatest Salesman" continues influencing new generations.

Many consider it one of the most impactful and uplifting books ever written on actualizing one's potential. Its transformative message has changed countless lives, making it a must-read personal development classic.

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