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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

Welcome to this week's newsletter, where we dive into the latest happenings in the worlds of finance, technology, and global economics. From major airline deals to shifting monetary policies, we've got you covered on the stories that matter. Korean Air's ambitious expansion plans with Boeing have caught our attention, while China's efforts to stimulate its economy through lending rate cuts signal interesting developments in the Asian markets.

The U.S. political landscape is buzzing with Joe Biden's unexpected withdrawal from the presidential race, leaving many wondering about the potential market implications. On the corporate front, Coca-Cola's impressive performance and Spotify's record profits offer insights into consumer trends and the evolving digital economy. We'll also explore why certain high-paying jobs are seeing increased turnover rates and examine UPS's recent stock plunge.

For our investors, we'll delve into the nuances of portfolio rebalancing and analyze the Federal Reserve's potential rate cut ahead of the elections. Tech giants aren't exempt from market forces, as evidenced by Alphabet's recent stock concerns, while we also investigate the sudden downturn in Magnificent Seven stocks. In fintech news, Revolut's long-awaited UK banking license approval marks a significant milestone.

Lastly, we'll round up with a look at IBM's AI-driven growth and the latest U.S. economic growth figures, providing you with a comprehensive overview of this week's most impactful financial stories.

1. Korean Air Purchasing Up To 50 Boeing Wide-Body Planes - Read more

2. China Cuts Lending Rate in Attempt To Boost Economy - Read more

3. What Does Joe Biden's Withdrawal from US Presidential Race Mean for Markets? - Read more

4. Most People Wish They Had Started Saving for Retirement Earlier, Survey Says - Read more

5. Coca-Cola Beats Estimates and Raises Guidance on Higher Volume and Prices - Read more

6. Spotify's Stock Pops After Streaming-Audio Giant Posts Record Profit - Read more

7. These are the top 15 jobs people most want to quit—No. 1 pays $144,000 a year - Read more

8. UPS Stock Dives as Profits Drop Over 30% - Read more

9. When Rebalancing Creates Higher Returns - and When It Doesn’t - Read more

10. The Fed Could Cut Interest Rates Before The Election, Risking Political Fallout - Read more

11. Cost Worries Hit Google Parent Alphabet's Stock - Here's Why Analysts Are Still Bullish - Read more

12. Why Magnificent Seven Stocks Just Had Their Worst Day on Record - Read more

13. Revolut gets UK banking license, ending three-year wait - Read more

14. A Fed Rate Cut Appears Imminent - Not Everyone Thinks It's the Right Time - Read more

15. Earnings Beat and AI Growth Lift IBM Stock - Read more

16. US economy grows 2.8% in second quarter - Read more

Crypto News

Welcome to this week's crypto and blockchain newsletter, where we bring you the most significant developments in the world of digital assets and decentralized technologies. The cryptocurrency landscape is evolving rapidly, with regulatory milestones and market movements taking center stage. The SEC's approval of spot Ether ETFs marks a watershed moment for Ethereum, while Hong Kong's launch of Asia's first inverse Bitcoin ETF showcases the growing sophistication of crypto financial products.

We're also keeping a close eye on the U.S. government's management of seized Bitcoin and Telegram's impressive user growth, which coincides with a surge in crypto gaming popularity. Despite the excitement surrounding Ethereum ETFs, some research firms predict underwhelming demand, partly due to the absence of staking features. Meanwhile, the crypto community witnessed a symbolic moment as Kraken returned Bitcoin to Mt. Gox customers a decade after the infamous hack.

In the gaming world, Epic CEO's comments on Fortnite potentially using blockchain have sparked speculation about the future intersection of gaming and crypto. We'll also delve into Bitwise's innovative approach to transparency with their ENS addresses for ETF holdings and explore Fold's plans to go public with Bitcoin on its books. The article about Bitcoin whales' unprecedented buying spree offers insights into large-scale market movements, while HSBC Australia's decision to block crypto payments highlights ongoing tensions between traditional finance and digital assets.

Lastly, we'll cover exciting developments in Layer-2 solutions, play-to-airdrop mechanisms, and the groundbreaking agricultural trade on Solana, providing you with a comprehensive overview of this week's most impactful crypto stories.

1. SEC Approves Spot Ether ETFs - Read more

2. Hong Kong to launch Asia's first inverse bitcoin ETF - Read more

3. US Government Moves Millions in Seized Bitcoin - Read more

4. Telegram Hits 950 Million Users Amid Crypto Gaming Boom - Read more

5. Ethereum ETFs Could See Underwhelming Demand, Partly Due to Lack of Staking, Two Research Firms Predict - Read more

6. Ether ETFs See $107M Inflows on Day One as Trading Volume Tops $1B - Read more

7. Kraken Returns Bitcoin to Customers of Mt. Gox 10 Years After Hack - Read more

8. Could Fortnite Use Blockchain? ‘Perhaps Someday,’ Says Epic CEO - Read more

9. Bitwise discloses ENS addresses for spot Ethereum ETF holdings - Read more

10. Fintech Fold Intends To Go Public, Touts Bitcoin on Books - Read more

11. US spot Ethereum ETFs saw $133 million in net outflows on second trading day - Read more

12. Bitcoin whales go on ‘unprecedented’ $23B July buying spree - Read more

13. HSBC Australia to block all payments to crypto exchanges, citing scams - Read more

14. Bitcoin Pioneer Jeff Garzik Launches Layer-2 Hemi Network - And It's Interoperable With Ethereum - Read more

15. Ethereum Shooter 'Machines Arena' Reveals Play-to-Airdrop Push on Ronin - Read more

16. AgriDex completes first agricultural RWA trade on Solana - Read more

Artificial Intelligence

Welcome to this week's AI-focused newsletter, where we explore the latest breakthroughs and implications of artificial intelligence across various sectors. The rapid advancement of generative AI is making waves in the job market, with remote workers potentially feeling the impact first. In the realm of scientific applications, Google's new AI weather and climate model promises improved accuracy, while UCLA's study reveals AI's superior cancer detection capabilities compared to human doctors.

The tech industry continues to evolve, with Nvidia reportedly developing a version of its flagship AI chip for the Chinese market, highlighting the global race for AI dominance. Meanwhile, U.S. lawmakers are seeking government access to OpenAI's technology, raising questions about AI regulation and national security. On the consumer front, Meta's AI introduces a new 'Imagine me' selfie feature, showcasing the growing integration of AI in social media. We'll also delve into public perception of AI in America and its impact on the video game industry.

Looking ahead, Capgemini's prediction of autonomous AI workers communicating with each other by 2025 offers a glimpse into the future of work. Microsoft's partnerships with Lumen and healthcare institutions demonstrate the expanding role of AI in infrastructure and medical imaging. In the dental industry, Pearl's substantial funding round underscores investor confidence in AI-powered diagnostics. Elon Musk's announcement about Tesla's plans to use humanoid robots next year signals a potential shift in manufacturing.

On the research front, MIT's advancements in AI model interpretability address crucial concerns about AI transparency. We'll also examine OpenAI's financial challenges and the booming AI boyfriend business, providing you with a comprehensive overview of this week's most impactful AI developments and their far-reaching implications.

1. Gen AI is Coming for Remote Workers First - Read more

2. New Google AI weather and climate model improves accuracy - Read more

3. AI detects cancer with 17% more accuracy than doctors: UCLA study - Read more

4. Nvidia preparing version of new flagship AI chip for Chinese market, sources say - Read more

5. US lawmakers send a letter to OpenAI requesting government access - Read more

6. Meta AI gets new ‘Imagine me’ selfie feature - Read more

7. How Americans think about artificial intelligence - Read more

8. AI Is Already Taking Jobs in the Video Game Industry - Read more

9. Autonomous AI workers that talk to each other will arrive in 2025, Capgemini predicts - Read more

10. Microsoft aims to boost AI workload capacity with Lumen partnership - Read more

11. Microsoft collaborates with Mass General Brigham and University of Wisconsin–Madison to further advance AI foundation models for medical imaging - Read more

12. Pearl raises $58M to help dentists make better diagnoses using AI - Read more

13. Musk says Tesla to use humanoid robots next year - Read more

14. MIT researchers advance automated interpretability in AI models - Read more

15. OpenAI could lose $5B this year and run out of cash in 12 months - Read more

16. The AI boyfriend business is booming - Read more

Top Article Picks this week

Welcome to this week's eclectic newsletter, where we explore a diverse range of topics from personal finance to scientific mysteries and social phenomena. We kick off with an inspiring tale of a part-time poker player's extraordinary 72-hour journey from $800 to $85,000, offering insights into the interplay of luck and skill in high-stakes situations. Challenging conventional wisdom, we'll examine why the concept of lifestyle creep might be more myth than reality, prompting a reevaluation of our spending habits and financial growth.

Our exploration of social fitness delves into the crucial role of friendship in our lives, highlighting the importance of nurturing our social connections. In the realm of science, we'll unravel the enigmatic gallium anomaly, a puzzling phenomenon that's capturing the attention of researchers worldwide. For our career-focused readers, we offer a thought-provoking piece on recognizing the signs of workaholism, encouraging a healthier work-life balance. We also shed light on Project 2025's controversial plan to eliminate public schools, a topic that's stirring debate in educational circles.

Health-conscious readers will appreciate our deep dive into alcohol's effects on gut health, providing valuable information for informed lifestyle choices. History buffs will enjoy our feature on 10 places that no longer exist, offering a fascinating glimpse into lost worlds. For those in leadership positions, we provide strategies for managing team members who are exceptionally intelligent or perceive themselves as such, enhancing workplace dynamics.

We round off with an intriguing update on the search for extraterrestrial life, exploring recent findings that suggest the odds of alien existence might be slimmer than previously thought. This diverse collection of articles promises to stimulate your curiosity and broaden your perspectives across multiple disciplines.

1. $800 -> $85k in 72 Hours: Reflections on Luck and Skill from the Part Time Poker Grind (Reading time: 5 min) - Read here

2. Why Lifestyle Creep is Mostly a Myth (Reading time: 5 min) - Read here

3. Friendship and Social Fitness (Reading time: 7 min) - Read here

4. What Could Explain the Gallium Anomaly? (Reading time: 8 min) - Read here

5. Are you a workaholic? Here’s how to spot the signs (Reading time: 10 min) - Read here

6. Project 2025’s Plan to Eliminate Public Schools Has Already Started (Reading time: 5 min) - Read here

7. Here’s What Alcohol Does to the Gut (Reading time: 8 min) - Read here

8. 10 Places That No Longer Exist (Reading time: 7 min) - Read here

9. How to manage people who are smarter than you (or think they are) (Reading time: 5 min) - Read here

10. The Odds That Aliens Exist Just Got Worse (Reading time: 8 min) - Read here

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Book of the week

"Meditations" by Marcus Aurelius is a timeless masterpiece of Stoic philosophy that continues to resonate with readers centuries after its creation. Written as a personal journal by the Roman Emperor Marcus Aurelius, this book offers profound insights into human nature, ethics, and the pursuit of a meaningful life. The collection of thoughts and reflections, divided into 12 books, serves as a guide for self-improvement and moral development that transcends its historical context.

Aurelius' writing style is direct and unadorned, making his wisdom accessible to readers of all backgrounds. Throughout the text, he grapples with themes such as duty, death, virtue, and the nature of the universe, providing a framework for living a purposeful and ethical life in the face of adversity. The emperor's humility and self-awareness shine through his words, reminding us that even those in positions of great power struggle with the same fundamental questions of existence.

One of the most striking aspects of "Meditations" is its continued relevance to modern life, offering practical advice on dealing with difficult people, maintaining focus, and finding inner peace amidst chaos. Aurelius' emphasis on self-discipline, rationality, and acceptance of what is beyond our control provides a valuable counterpoint to the often frenzied pace of contemporary society. While the book can be dense at times, its aphoristic nature allows readers to digest it in small portions, making it ideal for daily reflection.

The recent resurgence of interest in Stoicism has brought renewed attention to this ancient text, cementing its place as a cornerstone of philosophical literature. Whether you're seeking personal growth, ethical guidance, or simply a deeper understanding of one of history's great minds, "Meditations" offers a wealth of wisdom that rewards multiple readings. As a testament to its enduring appeal, this edition's high ratings on both Amazon and Goodreads demonstrate that Marcus Aurelius' thoughts continue to inspire and challenge readers in the 21st century.

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