Grow Smart Income - week 42, 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 financial and economic trends shaping our world. Amazon has kicked off the holiday season with a bang, setting an October event sales record and signaling strong consumer spending. In the job market, we're seeing a mix of sentiments, with some professionals in their late 50s contemplating early retirement, while others are seeking ways to bolster their savings without traditional investments.

The gig economy continues to thrive, with OnlyFans creators earning a staggering $20 billion since 2016. On Wall Street, JPMorgan and BlackRock have posted impressive earnings, with the latter reaching a record $11.5 trillion in assets under management. Warren Buffett's recent moves in the banking sector have caught investors' attention, as he reduces his stake in Bank of America.

Meanwhile, the food industry faces challenges, with McDonald's largest french fry supplier laying off workers due to changing consumer preferences. As we look ahead to the fourth quarter, economists are closely watching the US economy's performance, while individual investors are exploring new opportunities in stocks and shares. Lastly, Nike is ramping up efforts to regain its footing in the competitive sneaker market, adapting to evolving consumer tastes and market dynamics.

  1. Amazon Sets an October Event Sales Record as Retailers Eye the Holiday Season - Read more

  2. ‘It’s so unfair!’ I’m miserable in my job. I’m 58 and have $1 million in a 401(k) and Roth IRA. Can I afford to quit? - Read more

  3. OnlyFans Content Creators Have Reaped $20 Billion Since 2016 - Read more

  4. JPMorgan Stock Rises as Q3 Earnings Handily Beat Estimates - Read more

  5. ‘I’m starting to worry’: I’ve got $1.2 million in a 401(k). How do I save more for retirement without buying stocks or real estate? - Read more

  6. BlackRock Hits $11.5 Trillion of Assets With Private-Market Push - Read more

  7. Buffett Dumps More Bank of America Stock, No Longer Has To Report Moves Promptly - Read more

  8. BlackRock Stock Hits All-Time High as Results Easily Top Estimates - Read more

  9. McDonald’s largest french fry maker lays off hundreds as Americans turn away from fries - Read more

  10. Stocks and shares: where to start if you want to become an investor - Read more

  11. Nike tries to get back in the race as sneaker sales gather pace - Read more

  12. Will the US Economy Keep Up the Pace in the Fourth Quarter? - Read more

“The best and most beautiful things in the world cannot be seen or even touched – they must be felt with the heart.”

Helen Keller

Crypto News

Welcome to this week's crypto and blockchain newsletter, where we explore the latest developments in this dynamic sector. Bitcoin ATMs are proliferating across U.S. malls and gas stations, making cryptocurrency more accessible to the general public. The SEC continues its regulatory crackdown, charging Cumberland DRW for operating as an unregistered dealer in crypto assets, while Bitnomial challenges the SEC's classification of XRP as a security.

Ripple is making moves to enhance institutional adoption with a new bank-grade custody solution for crypto businesses. In an intriguing blend of crypto and politics, Justin Sun has been elected Prime Minister of the micronation Liberland. The gaming world is abuzz with Ubisoft's announcement of a release date for their NFT game 'Champions Tactics'. In the realm of prediction markets, Trump's lead over Harris is widening on Polymarket. Ethereum's direction is being questioned by some in the community, while a major crypto whale fell victim to a $35 million phishing attack.

Mt. Gox has postponed its repayment deadline to 2025, alleviating concerns about potential Bitcoin selling pressure. Uniswap Labs and UNI holders are eyeing significant potential earnings from a new L2 solution, according to a DeFi report. Lastly, former FTX executive Ryan Salame has begun serving his seven and a half year prison sentence, a stark reminder of the legal consequences in the crypto space.

  1. Why bitcoin ATMs are taking over malls and gas stations across the U.S. - Read more

  2. SEC Charges Cumberland DRW for Operating as an Unregistered Dealer in the Crypto Asset Markets - Read more

  3. Bitnomial sues SEC over claim that XRP is a security - Read more

  4. Ripple Brings Bank-grade Custody Solution to Crypto Businesses - Read more

  5. Justin Sun elected Prime Minister of Liberland micronation - Read more

  6. Ubisoft Reveals Release Date for ‘Champions Tactics’ NFT Game - Read more

  7. Trump's Lead Over Harris Widens on Polymarket's Prediction Market - Read more

  8. Has Ethereum Lost Its Way? - Read more

  9. $35 million worth of tokens drained from a crypto whale in phishing attack - Read more

  10. Mt. Gox Postpones Repayment Deadline to 2025, Allaying Concerns of Bitcoin Selling Pressure - Read more

  11. Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report - Read more

  12. Former FTX executive Ryan Salame begins his seven and a half year prison sentence - Read more

“You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.”

Dr. Seuss

Artificial Intelligence

Welcome to this week's AI and technology newsletter, where we explore the latest breakthroughs and controversies in the rapidly evolving world of artificial intelligence. Walmart is making waves with its ambitious plan to scale AI, generative AI, and augmented reality across its operations. AMD is gearing up for mass production of its next AI chip later this year, while also launching the new Ryzen™ AI PRO 300 Series Processors for commercial PCs. In a sign of AI's growing presence in our daily lives, Zoom is introducing AI avatars that can attend meetings on your behalf.

The intersection of AI and warfare is becoming increasingly prominent, with Shield AI's founder discussing the role of drones in Ukraine and the development of controversial AI weapons. In a historic shift, Wimbledon 2025 will replace human line judges with AI, ending a 147-year tradition. Amazon is dramatically increasing its use of robots in new warehouses, while a German military AI maker emphasizes the importance of code in modern warfare. DeepMind's Michelangelo benchmark has revealed limitations in long-context language models, prompting further research.

In the realm of scientific discovery, AI has uncovered 70,000 new viruses by scanning RNA 'dark matter'. AI pioneer Yoshua Bengio warns about the potential dangers of creating AI systems more powerful than humans. Meanwhile, ByteDance's TikTok is shifting towards AI-powered content moderation, resulting in job cuts. As we grapple with these rapid advancements, some are exploring how AI could transform the world for the better, while AI companies are betting on the future of AI agents to drive innovation and meet user needs.

  1. Walmart Reveals Plan for Scaling Artificial Intelligence, Generative AI, Augmented Reality and Immersive Commerce Experiences - Read more

  2. AMD sees next AI chip in mass production later this year - Read more

  3. Zoom will let AI avatars talk to your team for you - Read more

  4. Shield AI’s founder on death, drones in Ukraine, and the AI weapon ‘no one wants’ - Read more

  5. Wimbledon 2025: AI takes over line calls, ends 147-year human judge era for first time - Read more

  6. AMD Launches New Ryzen™ AI PRO 300 Series Processors to Power Next Generation of Commercial PCs - Read more

  7. Amazon’s new warehouses will employ 10x as many robots - Read more

  8. Wars are won with code, says German military AI maker - Read more

  9. DeepMind’s Michelangelo benchmark reveals limitations of long-context LLMs - Read more

  10. AI scans RNA ‘dark matter’ and uncovers 70,000 new viruses - Read more

  11. AI 'Godfather' Yoshua Bengio: We're 'creating monsters more powerful than us' - Read more

  12. ByteDance's TikTok cuts hundreds of jobs in shift towards AI content moderation - Read more

  13. Machines of Loving Grace. How AI Could Transform the World for the Better - Read more

  14. Agents are the future AI companies promise — and desperately need - Read more

“The only person you are destined to become is the person you decide to be.”

Ralph Waldo Emerson

Top Article Picks this week

Welcome to this week's newsletter, where we explore a diverse range of topics from ancient history to modern health and relationships. We start with the intriguing discovery of Pakistan's lost city of 40,000 people, offering a glimpse into a forgotten chapter of human civilization. For those in the job market, we've compiled 8 often-overlooked resume essentials to boost your chances of landing that dream position.

We delve into the psychology behind the seemingly simple act of returning shopping carts, and explore why Singapore is being hailed as the world's sixth 'Blue Zone' for longevity. In the realm of nutrition, we compare plant-based and beef burgers to help you make informed dietary choices. We also examine the internet's penchant for extreme relationship advice and offer science-backed strategies for improving your mental health and sleep quality.

On the scientific front, we uncover the fascinating ability of single bacterial cells to sense seasonal changes and explore the potential for gray hair to regain its original color. We address the challenges facing modern therapy and provide expert advice for fostering happier, healthier relationships. Finally, we take a cosmic perspective by pondering the maximum size of black holes and highlight the surprising impact of punctuation on business communications.

  1. Pakistan’s Lost City of 40,000 People (Reading time: 7 min) - Read here

  2. 8 Things You May Not Realize You Should Have on Your Resume (Reading time: 4 min) - Read here

  3. Why Don’t People Return Their Shopping Carts? (Reading time: 7 min) - Read here

  4. The world's sixth 'Blue Zone': Why Singapore values both quantity and quality of life (Reading time: 5 min) - Read here

  5. Are Plant Burgers Better Than Beef? Here’s How to Decide. (Reading time: 5 min) - Read here

  6. How “Divorce him!” became the internet’s de facto relationship advice (Reading time: 10 min) - Read here

  7. What to Do if You Wake Up Tired Every Day (Reading time: 5 min) - Read here

  8. Even a Single Bacterial Cell Can Sense the Seasons Changing (Reading time: 8 min) - Read here

  9. 3 Easy, Science-Backed Ways To Improve Your Mental Health (Reading time: 3 min) - Read here

  10. How to Stay Empathic Without Suffering So Much (Reading time: 6 min) - Read here

  11. Gray Hair Can Return to Its Original Color—and Stress Is Involved, of Course (Reading time: 5 min) - Read here

  12. Why Therapy Is Broken (Reading time: 10 min) - Read here

  13. Stupendously large: How big can black holes get? (Reading time: 10 min) - Read here

  14. The Experts: Therapists on 19 Ways to Have Much Happier, Healthier Relationships (Reading time: 12 min) - Read here

  15. The Commas That Cost Companies Millions (Reading time: 10 min) - Read here

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“Success usually comes to those who are too busy to be looking for it.”

Henry David Thoreau

Book of the week

"Why We Sleep" by Matthew Walker is a groundbreaking exploration of sleep's critical role in our lives. Walker, a neuroscientist and sleep expert, presents a compelling case for the importance of quality sleep in maintaining physical and mental health. The book delves into the latest scientific discoveries, revealing how sleep impacts learning, memory, emotional regulation, and creativity. Walker expertly explains complex concepts in an accessible manner, making the science behind sleep engaging for general readers.

He addresses common questions about sleep, including the effects of caffeine and alcohol, and debunks prevalent myths. The author's passion for the subject shines through as he discusses the far-reaching consequences of sleep deprivation on individual and societal levels. Walker offers practical advice for improving sleep habits and argues for systemic changes in how we approach sleep in modern society. While some readers might find certain sections repetitive, the overall message is powerful and potentially life-changing.

"Why We Sleep" serves as both a wake-up call about the dangers of insufficient sleep and a guide to harnessing sleep's benefits for enhanced well-being and longevity. This book is essential reading for anyone seeking to understand and optimize their sleep patterns for better health and performance.

“If you set your goals ridiculously high and it’s a failure, you will fail above everyone else’s success.”

James Cameron

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