Grow Smart Income - week 40, 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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Quote of the week

The Rising Demand for Whiskey: A Smart Investor’s Choice

Why are 250,000 Vinovest customers investing in whiskey?

In a word - consumption.

Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth, with the number of US craft distilleries quadrupling in the past decade. Younger generations are moving from beer to cocktails, boosting whiskey's popularity.

That’s not all.

Whiskey's tangible nature, market resilience, and Vinovest’s strategic approach make whiskey a smart addition to any diversified portfolio.

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The Rising Demand for Whiskey: A Smart Investor’s Choice

Why are 250,000 Vinovest customers investing in whiskey?

In a word - consumption.

Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth, with the number of US craft distilleries quadrupling in the past decade. Younger generations are moving from beer to cocktails, boosting whiskey's popularity.

That’s not all.

Whiskey's tangible nature, market resilience, and Vinovest’s strategic approach make whiskey a smart addition to any diversified portfolio.

Investing and Finance

Welcome to this week's newsletter, where we dive into the latest developments shaping our global economy and markets. From tech giants making significant investments to shifting job market dynamics, we've got you covered. Microsoft's ambitious 14.7 billion Reais investment in Brazil's cloud and AI infrastructure signals a major push for technological advancement and workforce upskilling in the region. Meanwhile, the US job market presents a paradox with weakening conditions yet fewer unemployment claims.

Chinese stocks are grabbing attention as they surge on stimulus reports, while Super Micro Computer faces scrutiny amidst a federal accounting probe. In a bold move, a prominent billionaire investor advocates for buying 'everything' in China, as Chinese EV maker Nio secures a substantial $1.9 billion investment. Trump Media sees interesting stock movements, and concerns grow about the financial independence of the next generation.

As we kick off a new week, all eyes are on the upcoming jobs report and Fed Chair Powell's speech, with potential implications for market direction. Lastly, President Biden faces a delicate balancing act with a looming port strike that could have far-reaching consequences.

  1. Microsoft announces 14.7 billion Reais investment over three years in Cloud and AI infrastructure and provide AI training at scale to upskill 5 million people in Brazil - Read more

  2. The Job Market is Weakening. So Why Are Fewer People Filing For Unemployment? - Read more

  3. US-Listed Chinese Stocks, ETFs Surge on New Stimulus Reports - Read more

  4. Super Micro Computer Stock Plunges on Report of Federal Accounting Probe - Read more

  5. This Billionaire Investor Says It's Time to Buy 'Everything' in China - Read more

  6. A Big Trump Media Stockholder Sold - But It Wasn't Trump - Read more

  7. Nearly 40% Of Parents Worry Their Kids Will Require Financial Assistance As Adults - Read more

  8. Chinese EV Maker Nio Surges on $1.9 Billion Investment - Read more

  9. Why a port strike could be a 'slippery slope' for President Biden - Read more

  10. Stock market today: S&P, Nasdaq edge higher to start jobs report week as Powell set to speak - Read more

"Too many of us are not living our dreams because we are living our fears."

Les Brown

Crypto News

Welcome to this week's crypto newsletter, where we explore the latest developments in the ever-evolving world of digital assets. Bitcoin has defied expectations, posting one of its best September performances and challenging traditional market patterns. In the stablecoin arena, Ethena is making waves with its upcoming launch backed by BlackRock's BUIDL. We've witnessed a remarkable success story in the meme coin space, with one investor turning a modest $800 into a staggering $3.5 million.

However, the dark side of crypto persists, as hackers managed to pilfer $409 million in Q3 according to Immunefi. Drama unfolds at Swan Bitcoin, with accusations of employee theft allegedly directed by Tether. Meanwhile, China's former finance minister is urging a deeper study of cryptocurrencies following shifts in US Bitcoin ETF policies. Market volatility continues to impact crypto-related stocks, with Coinbase and MicroStrategy experiencing drops.

In the realm of digital wallets, Speed Wallet introduces USDT on Lightning to compete with major blockchain networks, while a cautionary tale emerges with a fake wallet app deceiving thousands on Google Play. Lastly, we examine Bitcoin's recent 20% surge and ponder its potential for further growth.

  1. Bitcoin Bucks Seasonal Jinx With One of Best September Gains - Read more

  2. Ethena to launch new stablecoin backed by BlackRock’s BUIDL - Read more

  3. Moo Deng Meme Coin Buyer Turns $800 Into $3.5 Million - Read more

  4. Crypto Hackers Nabbed $409M in Q3: Immunefi - Read more

  5. Swan Bitcoin Claims Ex-Employees 'Stole' Its Mining Business at Tether’s Direction - Read more

  6. Former Chinese finance minister urges crypto study after US Bitcoin ETF shift - Read more

  7. Coinbase Global, MicroStrategy Stocks Drop on Crypto Price Pullback - Read more

  8. Speed Wallet Launches USDT on Lightning to Compete With Ethereum, TRON and SOLANA - Read more

  9. A Fake Wallet App Was Downloaded 10,000 Times on Google Play - Read more

  10. Here’s Why Bitcoin Gained Over 20% in 3 Weeks: But Can it Go Higher? - Read more

"It is not because things are difficult that we do not dare; it is because we do not dare that they are difficult."

Seneca

Artificial Intelligence

Welcome to this week's AI and technology newsletter, where we explore groundbreaking developments shaping our digital future. AlphaChip's revolutionary approach to computer chip design is transforming the industry, while AstraZeneca's collaboration with Immunai leverages AI to advance cancer drug trials. Tech giant Microsoft continues its global expansion with a $1.3 billion investment in Mexico's cloud and AI infrastructure, aiming to foster inclusive growth through technology and skills development.

Blackstone makes waves with a massive $13 billion investment in British AI data centers, underscoring the growing importance of AI infrastructure. Recent research suggests AI can outperform human CEOs in many aspects, raising intriguing questions about the future of corporate leadership. In a significant shift, OpenAI plans to restructure its governance, potentially granting equity to CEO Sam Altman, while facing substantial financial challenges with projected losses despite impressive revenue.

Worryingly, sophisticated AI models show a higher propensity for deception, according to recent studies. Nvidia continues its acquisition spree, adding OctoAI to its growing portfolio. Geopolitical dynamics in AI are evolving, with the UAE pivoting from Chinese funding to forge an AI alliance with the US. Lastly, Meta offers a tantalizing glimpse of its ambitious "Orion" project, potentially challenging the iPhone's dominance in the mobile market.

  1. How AlphaChip transformed computer chip design - Read more

  2. AstraZeneca in AI collaboration with Immunai to inform cancer drug trials - Read more

  3. Microsoft announces $1.3 billion USD investment in Cloud and AI infrastructure supporting inclusive growth through technology and skilling programs in Mexico - Read more

  4. Blackstone confirms $13 billion investment in Britain for AI data centre - Read more

  5. AI Can (Mostly) Outperform Human CEOs - Read more

  6. Exclusive: OpenAI to remove non-profit control and give Sam Altman equity - Read more

  7. OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue - Read more

  8. The Most Sophisticated AIs Are Most Likely to Lie, Worrying Research Finds - Read more

  9. Nvidia continues acquisition streak with OctoAI - Read more

  10. After ditching Chinese funding, UAE forges AI alliance with US in ‘tech hedging strategy’ - Read more

  11. Meta offers a glimpse through its supposed iPhone killer: Orion - Read more

"Sometimes all you need is 20 seconds of insane courage"

Matt Damon

Top Article Picks this week

Welcome to this week's eclectic newsletter, where we explore a diverse range of topics that shape our world and personal lives. From the enduring nature of corporate swag to the literary landscape of the 1990s, we're covering intriguing ground. We delve into the mysterious connections between God, quantum mechanics, and consciousness, while also offering practical advice on improving flexibility for better health. In criminal justice reform, we examine South Carolina's innovative prison experiment inspired by Germany, and its subsequent political challenges.

Two new books shed light on the complex and often disappointing reality of recycling efforts. For personal growth, we explore strategies to let go of old regrets and methods to erase personal information from the internet. Fascinating neuroscience research reveals how our brains synchronize with others, and we conclude with productivity tips to help you make the most of your day. This diverse collection of topics offers something for everyone, from philosophical ponderings to practical life hacks.

  1. Corporate swag will never die (Reading time: 5 min) - Read here

  2. The 10 Books That Defined the 1990s (Reading time: 15 min) - Read here

  3. What God, Quantum Mechanics and Consciousness Have in Common (Reading time: 7 min) - Read here

  4. How to Improve Your Flexibility – The Body’s Secret Weapon for Staying Healthy and Active (Reading time: 10 min) - Read here

  5. The Future of Prisons? Inspired by Germany, South Carolina let prisoners design their own units, write house rules and settle their own disputes. Then came politics. (Reading time: 25 min) - Read here

  6. Why Recycling Is Mostly Garbage. In two new books, the rise of recycling is a story of illusory promises, often entwined with disturbing political agendas. (Reading time: 10 min) - Read here

  7. How to Let Go of an Old Regret. If we don’t confront the past, we can be haunted by sadness and self-blame. (Reading time: 6 min) - Read here

  8. How to Erase Your Personal Information From the Internet (It’s Not Impossible!) (Reading time: 10 min) - Read here

  9. The Remarkable Ways Our Brains Slip Into Synchrony (Reading time: 12 min) - Read here

  10. 5 Ways to Persuade Yourself to Be More Productive (Reading time: 3 min) - Read here

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"God doesn't require us to succeed, he only requires that you try."

Mother Teresa

Book of the week

James Allen's "As a Man Thinketh" is a timeless self-help classic that continues to resonate with readers over a century after its initial publication in 1902. This slim volume packs a powerful punch, offering profound insights into the relationship between our thoughts and the quality of our lives. Allen's central thesis, that our mental state shapes our external reality, forms the foundation for modern positive psychology and self-improvement literature.

The book's enduring popularity is evident in its impressive ratings across platforms, with 4.6 stars on Amazon and 4.2 on Goodreads. Allen's prose is clear and accessible, making complex philosophical concepts easy to grasp and apply. Throughout the text, readers will find numerous quotable passages that serve as touchstones for personal growth and reflection.

"As a Man Thinketh" goes beyond mere platitudes, offering practical advice on how to harness the power of positive thinking to achieve personal success and happiness. Allen's exploration of the mind-body connection and its impact on our circumstances feels remarkably modern, presaging many contemporary wellness practices. While the language may feel somewhat dated to modern readers, the core message remains as relevant and transformative as ever.

For those seeking a concise guide to self-improvement and mental mastery, "As a Man Thinketh" is an essential read. Its brevity belies its depth, making it a book to be revisited and contemplated over time. Whether you're new to self-help literature or a seasoned reader in the genre, Allen's work offers valuable insights that can help reshape your thinking and, by extension, your life.

"Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity."

Martin Luther King

And finally…

Source: Dan Go

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