Grow Smart Income - week 35, 2024

What happened this week?

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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

As we dive into this week's economic roundup, a tapestry of intriguing developments unfolds before us. From subtle shifts in jobless claims to the eyebrow-raising stock sales of tech titans, the economic landscape continues to evolve in unexpected ways. While some experts sound the alarm on an impending recession, others remain skeptical, painting a complex picture of our financial future. The definition of wealth in America has reached new heights, prompting us to reassess our perceptions of prosperity.

Meanwhile, iconic brands face challenges, with even the golden arches of McDonald's losing some of their luster. In the corporate world, leadership changes at major companies like Nestle hint at strategic pivots, while savvy consumers seek innovative ways to stretch their dollars at the grocery store. As we navigate these turbulent economic waters, conflicting signals emerge from consumer spending patterns and Federal Reserve policies, leaving us to ponder what lies ahead for our wallets and the broader economy.

  1. Jobless Claims Rose Slightly. Here's Why It Won't Move the Unemployment Rate Much - Read more

  2. Nvidia’s Jensen Huang sells $14 million in stock almost daily - raising questions about his successor - Read more

  3. A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist - Read more

  4. Americans Say It Takes $2.5 Million to Be Considered Wealthy - Read more

  5. The decline of McDonald’s: How the golden arches lost their shine - Read more

  6. Why Some Economists Are Ignoring Recession Signals - Read more

  7. Nestle Stock Slips After Chocolate Maker Replaces CEO - Read more

  8. 9 smart ways to slash your grocery bill - Read more

  9. Economists Have Been Predicting a Spending Slowdown - These Retailers Don't See It - Read more

  10. Powell Confirms Federal Reserve Pivot To Rate Cuts At Jackson Hole - Read more

"Opportunities don't happen. You create them."

Chris Grosser

Crypto News

In the ever-evolving world of cryptocurrency, this week's headlines paint a picture of both innovation and controversy. From political figures venturing into the crypto space to significant shifts in the stablecoin landscape, the digital asset market continues to captivate and confound. We witness the rise of new platforms and the fall of established tokens, illustrating the volatile nature of this burgeoning industry. The concentration of power in Bitcoin mining raises questions about decentralization, while legal battles between regulators and exchanges underscore the ongoing struggle for regulatory clarity.

Amidst these developments, we see glimpses of crypto's potential for education and national economic strategies, with countries like Argentina embracing blockchain technology in their curricula. As high-profile arrests shock the community and stablecoin market caps reach new heights, we're reminded of the complex interplay between technology, finance, and governance in the cryptosphere. Join us as we unpack these stories and explore their implications for the future of digital finance.

  1. Trump promotes family’s new crypto platform, ‘The Defiant Ones’ - Read more

  2. Justin Sun’s USDD Stablecoin Loses Bitcoin Backing - Read more

  3. Bitcoin restaking platform SatLayer raises $8 million in pre-seed funding - Read more

  4. These Two Mining Companies Now Control Over 50% of Bitcoin Hashrate - Read more

  5. TON Plunges 20% on Reports of Telegram CEO Pavel Durov’s Arrest in France - Read more

  6. R.I.P. Unhosted Wallet Rule - Read more

  7. Kraken Must Face SEC Suit Over Crypto Exchange Registration - Read more

  8. $TON Price Plummets After Telegram Founder and CEO Pavel Durov’s Arrest, X Owner Elon Musk Is Outraged - Read more

  9. Stablecoin market cap hits new all-time high amid 11 months of growth - Read more

  10. Argentina introduces Ethereum and blockchain technology into the education curriculum - Read more

"If you want to change the world, start off by making your bed."

Admiral William McRaven

Artificial Intelligence

As we embark on our weekly journey through the realm of artificial intelligence, a fascinating array of developments awaits our exploration. From groundbreaking research in decoding the human brain to the ethical concerns surrounding AI's role in military applications, the field continues to push boundaries and spark debates. The global race for AI supremacy intensifies, with nations and corporations alike vying for technological dominance. Meanwhile, discussions about open-source AI and its implications for innovation and regulation take center stage.

We witness the integration of AI into diverse sectors, from Formula 1 racing to content creation platforms, showcasing the technology's versatility and potential. As tech giants introduce new AI-powered features and tools, we're reminded of the growing influence of artificial intelligence in our daily digital interactions. As we delve into these stories, we'll uncover the intricate balance between technological advancement, ethical considerations, and the transformative impact of AI on our world.

  1. How Piramidal is using AI to decode the human brain - Read more

  2. Accurate computation of quantum excited states with neural networks - Read more

  3. Google DeepMind staff call for end to military contracts - Read more

  4. Perplexity AI plans to start running ads in fourth quarter as AI-assisted search gains popularity - Read more

  5. BeyondMath’s ‘digital wind tunnel’ puts a physics-based AI simulation to work on F1 cars - Read more

  6. We finally have a definition for open-source AI - Read more

  7. YouTube has a new tool to help restore hacked channels: an AI chatbot - Read more

  8. Dropbox acquires Index Ventures-backed AI scheduling tool Reclaim.ai - Read more

  9. Microsoft will release controversial Windows Recall AI search feature to testers in October - Read more

  10. Android version of Google Keep app can now create the AI-generated lists you ask for - Read more

  11. China’s own Tesla Optimus? Beijing’s ambitions in humanoid robots in full display at expo - Read more

  12. Chinese firms bypass US export restrictions on AI chips using AWS cloud - Read more

  13. Mark Zuckerberg and Daniel Ek on Why Europe Should Embrace Open-Source AI - Read more

  14. Midjourney's AI-image generator website is now officially open to everyone - for free - Read more

  15. Apple Intelligence is coming. Here’s what it means for your iPhone - Read more

"One doesn't discover new lands without consenting to lose sight, for a very long time, of the shore."

Andre Gide

Top Article Picks this week

In this week's exploration of life's curiosities and scientific wonders, we embark on a journey that spans from celestial influences on our sleep to the hidden depths of human nature. Our voyage begins with a lunar mystery, shedding light on how the full moon might be affecting our nightly rest. We then travel back in time to challenge our preconceptions about an extinct species, revealing surprising truths about the dodo. As we navigate through cultural nuances, we uncover the intriguing reasons behind the French reluctance to verbalize affection.

Our path leads us to ponder the nature of attention in our digital age and the timeless quest for immortality. From practical career advice to fitness insights, we offer guidance for personal growth and development. We confront the unsettling future of photography in an era of AI manipulation and delve into the unique manifestations of long COVID in children. Our journey takes an unexpected turn as we gain insights from educational practices in China, before exploring science-backed methods to enhance our focus in an increasingly distracting world.

As we grapple with extreme weather and environmental changes, we also celebrate the resilience of the human spirit in capturing images from Earth's most remote corners. Join us as we unravel these fascinating threads, weaving together a tapestry of knowledge that spans science, culture, and the human experience.

  1. Why a Full Moon Might Mess With Your Sleep, According to Science (Reading time: 6 min) - Read here

  2. The dodo was faster and smarter than you think (Reading time: 4 min) - Read here

  3. Why the French Rarely Say ‘I Love You’ (Reading time: 6 min) - Read here

  4. The Attention Economy Is a Malthusian Trap (Reading time: 5 min) - Read here

  5. Can we really live forever? (Reading time: 5 min) - Read here

  6. The Two Best Times of Year to Look for a New Job (Reading time: 3 min) - Read here

  7. How to Get Muscle Gains: A Beginner’s Guide to Becoming Buff (Reading time: 8 min) - Read here

  8. No one’s ready for this. Our basic assumptions about photos capturing reality are about to go up in smoke. (Reading time: 7 min) - Read here

  9. Long COVID Looks Different in Kids (Reading time: 4 min) - Read here

  10. Morality and rules, and how to avoid drowning: what my daughters learned at school in China (Reading time: 22 min) - Read here

  11. 6 simple science-backed ways to boost your attention span (Reading time: 12 min) - Read here

  12. Extreme weather 101: Your guide to staying prepared and informed (Reading time: 10 min) - Read here

  13. Where have all the insects gone? (Reading time: 10 min) - Read here

  14. The massive Social Security number breach is actually a good thing (Reading time: 10 min) - Read here

  15. Photographing one of the most remote places on Earth (Reading time: 10 min) - Read here

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"Certain things in life are more important than the usual crap that everyone strives for."

James Taylor

Book of the week

In Start with Why, Simon Sinek delivers a compelling message that great leaders and organizations succeed not because of what they do but because of why they do it. Drawing on examples like Martin Luther King Jr., Steve Jobs, and the Wright Brothers, Sinek explains that those who inspire others do so by communicating their core beliefs and purpose before anything else. This simple but powerful concept, known as The Golden Circle, serves as the foundation for long-term success and influence.

The book goes beyond just business strategy—it's about understanding human behavior and motivation. Sinek's storytelling and research captivate readers, making it clear that the key to innovation, loyalty, and enduring success lies in defining and communicating one's WHY. Whether you're an entrepreneur, a team leader, or someone looking for personal direction, this book offers valuable insights. Its relevance has only grown since its release, especially in a world where purpose-driven leadership is increasingly crucial.

The book also serves as the foundation for one of the most-viewed TED Talks, highlighting its global resonance. If you're seeking to inspire or be inspired, Start with Why offers a transformative way to approach leadership and life.

"Life is what we make it, always has been, always will be."

Grandma Moses

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