Grow Smart Income - week 38 ver.2, 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

Welcome to this week's newsletter, where we dive into the latest developments shaping our world. From tech giants making bold moves to economic shifts affecting our daily lives, we've got you covered. Intel's stock is on the rise following reports of a massive Pentagon chip deal, while Amazon's CEO is calling for a return to office life. The rental market has seen its most significant increase in over a decade, and we're exploring the impact of money market cash on the sidelines.

In the social media sphere, Instagram is taking steps to protect young users with new 'Teen Accounts'. The financial landscape is evolving, with JPMorgan Chase potentially taking over Apple's credit card business from Goldman Sachs. We're also examining the growing ranks of the ultra-rich and where they're choosing to live. For those navigating relationships and finances, we've got insights from a self-made millionaire on financial compatibility.

We'll discuss the pros and cons of timeshare ownership and analyze whether rate cuts could boost small-cap stocks. In automotive news, GM is embracing Tesla's charging network while avoiding a strike with its Canadian union. Lastly, we'll look at the Federal Reserve's recent rate cut and its implications, as well as the soaring success of Super Micro in the AI infrastructure market.

  1. Intel Stock Rises After a Report of a $3.5B Pentagon Chip Deal - Read more

  2. Amazon’s CEO Says It’s Time to Get Used to the Daily Commute Again - Read more

  3. The Cost of Renting Rose Last Year - by the Most in More Than a Decade - Read more

  4. What Happens to the Money Market Cash on the Sidelines? - Read more

  5. Laying Down a Floor - Read more

  6. BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure - Read more

  7. Instagram Launches 'Teen Accounts' To Protect Young Users - Read more

  8. JPMorgan Chase Could Take Over Apple Credit Cards From Goldman, WSJ Reports - Read more

  9. The Ranks of the Ultra-Rich Are Growing. Here's Where They Live - Read more

  10. Self-made millionaire: How I knew my wife and I were financially compatible - and the No. 1 red flag you shouldn’t ignore - Read more

  11. Here’s why owning a timeshare may not be worth it - Read more

  12. Will Rate Cuts Boost Small-Cap Stocks? Here's What Experts Say - Read more

  13. GM to Start Selling Tesla Charging Adapters, Avoids Strike With Canadian Union - Read more

  14. Federal Reserve cuts rates by half a point and signals era of easing has begun - Read more

  15. Super Micro Stock's Newest Bull Says It's 'The Coolest Kid in AI Town' - Read more

"Everyone you meet in life is fighting a battle you know nothing about."

Tim Ferris

Crypto News

Welcome to this week's crypto-focused newsletter, where we explore the latest developments in the world of digital assets and blockchain technology. MicroStrategy, led by Michael Saylor, is making waves with plans for another massive convertible note issuance, while Cathedra Bitcoin adopts a similar strategy. The FBI reports a staggering $5.6 billion lost to crypto scams last year, highlighting the ongoing challenges in the space. In legal news, Caroline Ellison receives praise for her cooperation in the FTX investigation, as the crypto community awaits her sentencing.

Circle expands its USDC stablecoin integration into national payment systems in Brazil and Mexico, signaling growing mainstream adoption. Bitcoin ETFs continue to attract significant inflows, with $250 million added in anticipation of rate cuts. The SEC takes action against alleged "pig butchering" scam operators, emphasizing the need for investor vigilance. Coinbase's Layer 2 solution, Base, breaks transaction records, showcasing the scalability potential of blockchain networks.

BitGo enters the stablecoin market with its innovative USDS coin, while U.S. lawmakers advocate for clearer regulations on crypto airdrops. Australia's central bank embarks on a long-term CBDC program, and Bitcoin's price surges following the Federal Reserve's interest rate cut. We'll also look at Revolut's reported plans to launch a stablecoin, provide a beginner's guide to buying Ethereum, and touch on the unexpected headline of former President Trump allegedly purchasing burgers with Bitcoin.

  1. Michael Saylor's MicroStrategy Plans Another $700M Convertible Note Issuance - Read more

  2. Cathedra Bitcoin cools off mining to tap MicroStrategy playbook - Read more

  3. Americans lost a record $5.6 billion to crypto scams last year, says FBI - this is the No. 1 kind to watch out for - Read more

  4. Caroline Ellison Praised as ‘Exemplary’ Witness in FTX Probe Ahead of Sentencing - Read more

  5. Circle integrates USDC with national payment systems of Brazil, Mexico - Read more

  6. Bitcoin ETFs Add $250 Million in Surge Ahead of Expected Rate Cut - Read more

  7. SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams - Read more

  8. Coinbase's Base Layer 2 shatters transaction records with over 4.5 million in a single day - Read more

  9. BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin - Read more

  10. Let Americans Have Their Crypto Airdrops, Lawmakers Tell Gary Gensler - Read more

  11. Australia’s central bank launches 3-year program for wholesale CBDC - Read more

  12. Bitcoin Price Climbs Toward $61,000 After Fed Cuts Interest Rates - Read more

  13. UK fintech firm Revolut intends to launch stablecoin: report - Read more

  14. How to Buy Ethereum: A Simple Guide for Beginners - Read more

  15. Trump Buys Burgers with Bitcoin - Read more

"You can't achieve anything in life without a small amount of sacrifice."

Shakira

Artificial Intelligence

Welcome to this week's newsletter, where we explore the latest advancements in artificial intelligence and their impact across various sectors. Microsoft is expanding its 365 Copilot capabilities, introducing new features like Pages and Python integration in Excel. Slack is revolutionizing workplace productivity with AI-driven agents and CRM data integration. In healthcare, an AI tool has shown promising results in reducing unexpected hospital deaths. Harvard students are benefiting from AI tutors, demonstrating improved learning outcomes in physics.

The tech industry continues to evolve, with Hewlett Packard Enterprise receiving a positive outlook due to AI innovations and cost-cutting measures. China's Lenovo is making strides in India's AI server market, while OpenAI faces scrutiny over its latest model's capabilities. Amazon is leveraging generative AI to enhance same-day shipping efficiency. Elon Musk's new AI data center is raising environmental concerns. Microsoft Copilot's expanding capabilities now include assistance with Excel formulas and PowerPoint creation.

In scientific research, AI is being used to predict neural activity in fly visual systems and recognize whale vocalizations. On the policy front, the Biden Administration is planning an international AI safety meeting, while Google.org announces new AI funding for education. With over 120 AI bills currently in Congress, the legislative landscape for AI is rapidly evolving.

  1. Microsoft 365 Copilot Wave 2: Pages, Python in Excel, and agents - Read more

  2. Slack Brings Agents, Purpose-Built AI, and CRM Data into One Work Operating System to Fuel Productivity - Read more

  3. AI tool cuts unexpected deaths in hospital by 26%, Canadian study finds - Read more

  4. An AI tutor helped Harvard students learn more physics in less time - Read more

  5. Hewlett Packard Enterprise Gets Bank of America Upgrade on AI, Cost Cuts - Read more

  6. China's Lenovo to make AI servers in India, opens new AI-centric lab - Read more

  7. 2024 Cloud and AI Business Survey - Read more

  8. Ban warnings fly as users dare to probe the “thoughts” of OpenAI’s latest model - Read more

  9. OpenAI Responds to ChatGPT ‘Coming Alive’ Fears - Read more

  10. Amazon is using generative AI to drive more same-day shipping using smarter robots and better routes - Read more

  11. Elon Musk’s New AI Data Center Raises Alarms Over Pollution - Read more

  12. Microsoft Copilot can now help with Excel formulas, make PowerPoints, and more - Read more

  13. Connectome-constrained networks predict neural activity across the fly visual system - Read more

  14. Whistles, songs, boings, and biotwangs: Recognizing whale vocalizations with AI - Read more

  15. Biden Administration to Host International AI Safety Meeting in San Francisco After Election - Read more

  16. Google.org announces new AI funding for students and educators - Read more

  17. There are more than 120 AI bills in Congress right now - Read more

"What we hope to do with ease, we must first learn to do with diligence."

Samuel Johnson

Top Article Picks this week

Welcome to this week's newsletter, where we explore a diverse range of topics that shape our world and challenge our perspectives. We begin with Signal's mission under Meredith Whittaker to prove that an alternative to surveillance capitalism is possible. We'll then delve into the booming experience economy and the unexpected regret that sometimes accompanies it.

For those considering lifestyle changes, we examine the effects of alcohol cessation on the brain and explore a scientist's provocative claim that aging might be optional. In the financial realm, we question whether demographics truly determine stock market destiny. We'll reflect on the cost of cynicism in our society and discuss the post-Ozempic fashion dilemma faced by those who've undergone significant weight changes. On a more serious note, we'll look at the alarming prediction of superbugs potentially causing millions of deaths by 2050.

For parents, we offer insightful questions to engage children after school. We'll also consider the challenge of preserving our digital history and the Internet Archive's role in this effort. In an unusual health experiment, we'll share one writer's experience with the viral sardine fast. Finally, we'll take a journey through time to explore humanity's 14,400-year-old relationship with bread.

  1. Signal Is More Than Encrypted Messaging. Under Meredith Whittaker, It’s Out to Prove Surveillance Capitalism Wrong (Reading time: 30 min) - Read here

  2. The experience economy is booming. So is regret (Reading time: 7 min) - Read here

  3. What Happens to Your Brain When You Stop Drinking Alcohol? (Reading time: 3 min) - Read here

  4. This Scientist Believes Aging Is Optional (Reading time: 4 min) - Read here

  5. Are Demographics Destiny for the Stock Market? (Reading time: 5 min) - Read here

  6. The cost of cynicism (Reading time: 6 min) - Read here

  7. In the Fitting Room Post-Ozempic Figuring out what to wear - and what to come to terms with - after the changes from taking weight-loss drugs. (Reading time: 12 min) - Read here

  8. Superbugs Could Kill 39 Million People by 2050, Study Warns (Reading time: 2 min) - Read here

  9. 30 Questions To Ask Kids When They Get Home From School (Reading time: 5 min) - Read here

  10. We're losing our digital history. Can the Internet Archive save it? (Reading time: 12 min) - Read here

  11. Fish out of Water. I tried the viral sardine fast. I was completely unprepared for what it did to my body. (Reading time: 8 min) - Read here

  12. Our 14,400-Year-Old Relationship with Bread (Reading time: 7 min) - Read here

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Book of the week

"Everything Is F*cked: A Book About Hope" by Mark Manson is a thought-provoking exploration of the paradoxes of modern life. Manson, known for his irreverent style, tackles the perplexing issue of why we feel hopeless despite living in an era of unprecedented prosperity and technological advancement. He deftly weaves together insights from psychology, philosophy, and popular culture to examine the underlying causes of our collective malaise. The book challenges conventional notions of happiness, freedom, and hope, urging readers to reconsider their relationship with these concepts.

Manson's trademark humor and blunt honesty make complex ideas accessible, though some may find his approach abrasive. He delves into topics such as religion, politics, and our obsession with technology, drawing uncomfortable parallels and questioning societal norms. While the book's title suggests despair, Manson ultimately offers a nuanced perspective on finding meaning and resilience in a chaotic world. His arguments are generally well-supported, though occasionally oversimplified for effect. The author's ability to balance cynicism with genuine insight is commendable, making for an engaging and often provocative read.

"Everything Is F*cked" may not provide all the answers, but it certainly asks the right questions, encouraging readers to think critically about their lives and the world around them. Whether one agrees with all of Manson's conclusions or not, the book serves as a valuable catalyst for self-reflection and societal critique. As a follow-up to his bestseller "The Subtle Art of Not Giving A F*ck," this book further cements Manson's reputation as a voice for a generation grappling with the complexities of modern existence.

"If the highest aim of a captain were to preserve his ship, he would keep it in port forever."

Thomas Aquinas

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