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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

In this week's newsletter, we'll dive into some of the biggest business and financial stories making headlines. From the shocking $50 billion stock collapse of SuperMicro amid AI hype, to Robinhood's struggles with weaker-than-expected results, there's no shortage of crucial updates across the tech and investing landscapes.

We'll also explore the current state of the economy, including the dichotomy where things are "going great" in some areas, yet there's still "one huge problem" that looms large. Amazon's earnings beat and Apple's services unit reaching a remarkable $100 billion a year in revenue are just a couple of the positive datapoints we'll unpack.

On the personal finance front, we'll look at insights like Dr. Dre's impressive net worth and investment strategies, as well as the financial stress faced by those who retired earlier than expected. The best passive income investments will also be on the agenda. Of course, we can't forget the shakeups in the world of semiconductors, with Nvidia joining the prestigious Dow Jones Industrial Average and replacing rival Intel, whose R&D teams are reportedly being scaled back. Google's cloud ambitions are also heating up the AI battle.

In the world of electric vehicles, we'll examine how China's BYD has surpassed Tesla in quarterly sales. And in the markets, we'll look at the dollar's recent weakening as investors rein in bets on a Trump victory, as well as Warren Buffett's Berkshire Hathaway trimming its Apple stake and growing its cash pile. It's going to be an information-packed issue, so let's dive right in. I'm confident you'll find plenty of valuable insights and takeaways to apply to your own financial journey.

1. Super Micro’s $50 billion stock collapse underscores risk of AI hype - Read more

2. Robinhood Stock Sinks as Promotions Lead To Weaker-Than-Expected Results - Read more

3. The Economy Is Going Great, Except For One Huge Problem - Read more

4. Amazon shares pop on earnings beat, cloud growth - Read more

5. Apple’s services unit is now a $100 billion a year juggernaut after ‘phenomenal’ growth - Read more

6. Dr. Dre's Net Worth Is 9 Figures. See Where He Invests. - Read more

7. People Who Retired Earlier Than Expected Are Financially Stressed, Survey Shows - Read more

8. The 4 Best Passive Income Investments - Read more

9. Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel - Read more

10. Google’s cloud outpaces rivals in third quarter as AI battle heats up - Read more

11. Chinese EV maker BYD’s quarterly sales overtook Tesla’s for the first time - Read more

12. Dollar weakens as investors rein in bets on Trump victory - Read more

13. Warren Buffett's Berkshire Hathaway Sells Apple Stock, Boosts Cash Pile to Record - Read more

14. Intel reportedly scaling back R&D teams in Israel — several hundred talented staff will go - Read more

15. Why banks are (probably) rooting for Donald Trump - Read more

16. Ken Griffin’s money machine: market maker Citadel Securities - Read more

Crypto News

This week's newsletter is packed with major updates from the world of crypto, where developments are happening at a breakneck pace. First up, we'll dive into the story of Binance founder CZ, who was recently freed from prison in Dubai and received an ovation as he discussed a new educational venture.

On the regulatory front, we have news that the SEC is threatening a lawsuit against Ethereum gaming firm Immutable over its IMX token sales. This comes as Tether reports a $2.5 billion profit in Q3 and reveals it holds over $100 billion in U.S. Treasuries. Former President Donald Trump is also making waves in the crypto space, sending a birthday wish to Bitcoin while taking a dig at Vice President Kamala Harris. Meanwhile, Franklin Templeton has launched a tokenized money fund on Base.

In the world of crypto investment products, Canary Capital has taken the first step toward a US-listed spot Solana ETF with an S-1 filing. Over at crypto casino Metawin, the platform lost $4 million due to an exploit of its Ethereum and Solana hot wallets. Singapore is pushing for the commercialization of tokenization technology, while bets on Harris and Trump are neck-and-neck ahead of the US election, with "voter fraud" rumors swirling. 21Shares is looking to secure SEC approval for an XRP ETF as interest in crypto funds grows.

Finally, we'll explore the latest Bitcoin price predictions for November based on historical returns, as well as the impressive performance of Solana (SOL), which has smashed the golden cross. It's going to be an action-packed issue, so let's jump right in. I'm confident you'll find plenty of valuable insights and analysis to keep you informed on the latest crypto and financial developments.

1. Freed From Prison, Binance Founder CZ Gets Ovation in Dubai and Talks New Educational Venture - Read more

2. Ethereum Gaming Firm Immutable Says SEC Is Threatening Lawsuit Over IMX Token Sales - Read more

3. Tether Reports $2.5B Profit in Q3, Holds Over $100B of U.S. Treasuries - Read more

4. Former President Donald Trump sends a birthday wish to Bitcoin and takes a dig at VP Kamala Harris - Read more

5. Franklin Templeton launches tokenized money fund on Base - Read more

6. Canary Capital Takes First Step Toward US-Listed Spot Solana ETF With S-1 Filing - Read more

7. Crypto casino Metawin loses $4 million to exploit of Ethereum, Solana hot wallets - Read more

8. Singapore Pushes for Commercialization of Tokenization - Read more

9. Harris and Trump Bets Near Even Odds Ahead of U.S. Election Day as 'Voter Fraud' Rumors Swirl - Read more

10. 21Shares looks to secure SEC approval for XRP ETF amid growing interest in other crypto funds - Read more

11. Bitcoin price prediction for November, according to BTC historical returns - Read more

12. Solana (SOL) Smashes Golden Cross, Here’s How Price Reacts - Read more

Artificial Intelligence

In this week's tech landscape, the dominance of AI and cloud computing is reshaping industries across the globe. Microsoft is making headlines with a massive 61% increase in gaming revenue, largely fueled by its cloud and AI advancements, while also charging $30 to users who want to delay upgrading to Windows 11. Meanwhile, Amazon’s CEO highlights the explosive growth of its generative AI division, claiming it’s growing three times faster than cloud computing once did.

On the flip side, AI's influence on web search may have unintended consequences, with some experts warning it could "break the web." In international news, Costa Rica leads the way as the first country to leverage AI for its national branding, showcasing how emerging tech is influencing even public diplomacy. Additionally, Chinese researchers are reportedly developing military applications for AI, building on Meta’s open-source Llama model.

On the corporate front, Palantir's impressive earnings report reveals the potential for continued AI-driven gains in the stock market, while Amazon faces surging capital expenditures, up 81%, in its AI investments. And in a surprising twist, Elon Musk's latest AI endeavor involves collecting medical data from users—raising questions about data privacy in the AI age.

1. Microsoft gaming revenue increases 61% as cloud and AI take center stage - Read more

2. Microsoft just delayed Recall again - Read more

3. Amazon CEO Says GenAI Is Growing Three Times Faster Than Cloud Computing Did - Read more

4. Microsoft wants $30 if you want to delay Windows 11 switch - Read more

5. AI search could break the web - Read more

6. Elon Musk wants you to submit medical data to his AI chatbot - Read more

7. Costa Rica: First country in the world to use artificial intelligence to create its Nation Brand strategy - Read more

8. Amazon CEO pledges AI investments will pay off as capital expenditures surge 81% - Read more

9. Exclusive: Chinese researchers develop AI model for military use on back of Meta's Llama - Read more

10. Palantir Earnings Provide Litmus Test for 140% AI-Fueled Rally - Read more

Top Article Picks this week

This week's newsletter dives into a range of fascinating topics - from personal growth insights to intriguing scientific discoveries. Ever wondered if talking to strangers could actually make you smarter? Research suggests it can, challenging us to step out of our comfort zones for unexpected benefits. For those seeking an optimal daily rhythm, science has suggestions for the “best” routine, while another article questions if depression might be more contagious than we think.

Health tips are also in the spotlight: experts share 22 practical, easy ways to care for your teeth, and there’s a closer look at how sugar affects our bodies. Coffee lovers will appreciate a dive into the health implications of their favorite beverage, with the latest findings on its benefits and potential downsides. For a taste of history, we finally have insights into why Roman concrete has endured for thousands of years—an engineering marvel that continues to intrigue scientists.

On the cosmic front, physicists may be closer than ever to uncovering the mysteries of dark matter. And for those curious minds, we’ve included a list of 20 paradoxes that are sure to bend your mind. Financial wisdom from "The Richest Man in Babylon" offers timeless advice, while an inspiring piece shares how one person manages to read 50+ books a year. Whether you're looking to grow intellectually, explore the universe, or optimize your daily life, there’s something here to spark curiosity and reflection.

1. Why Talking to Strangers Can Make Us Smarter (Reading time: 10 min) - Read it here

2. The Best Routine, According to Science (Reading time: 3 min) - Read it here

3. Is Depression Contagious? (Reading time: 6 min) - Read it here

4. The experts: dentists on 22 quick, easy ways to care for your teeth (Reading time: 12 min) - Read it here

5. We Finally Know Why Ancient Roman Concrete Was Able to Last Thousands of Years (Reading time: 5 min) - Read it here

6. This Is Your Body on Sugar (Reading time: 6 min) - Read it here

7. After Decades of Searching, Are Physicists Closing In on Dark Matter? (Reading time: 8 min) - Read it here

8. 20 Paradoxes That Will Boggle Your Mind (Reading time: 20 min) - Read it here

9. Is Coffee Healthy? (Reading time: 4 min) - Read it here

10. The Richest Man in Babylon (7 lessons for financial success) (Reading time: 20 min) - Read it here

11. Running From the Pain (Reading time: 5 min) - Read it here

12. I Read 50-Plus Books Every Year: Here’s How I Do It (Reading time: 6 min) - Read it here

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Book of the week

In this profound philosophical work, Erich Fromm presents a compelling critique of modern society's obsession with possession and consumption. At its core, the book explores the fundamental distinction between two modes of human existence: the "having" mode, characterized by materialism and the drive to own, and the "being" mode, focused on authentic experience and meaningful engagement with life. Fromm argues that contemporary Western society has become increasingly dominated by the having mode, leading to widespread alienation, environmental destruction, and psychological distress.

Through careful analysis of historical, religious, and philosophical texts, he demonstrates how this shift from being to having has evolved over centuries of human civilization. The author draws on diverse sources, from Biblical passages to Marx's economic theories, to illustrate how the having orientation has infiltrated not just our economic systems but our very way of thinking and experiencing the world. He provides numerous examples from everyday life that show how language, relationships, and learning are all affected by whether we approach them from a having or being perspective.

The being mode, Fromm argues, represents our potential for genuine fulfillment through active engagement, love, and creative expression. Particularly compelling is his analysis of how our relationship with knowledge has been corrupted by the having mode, turning education into a process of collecting information rather than developing understanding. Fromm's critique extends to both capitalist and socialist systems, suggesting that merely changing economic structures isn't enough without a fundamental shift in human consciousness.

His discussion of ecological concerns feels remarkably prescient, anticipating many of today's environmental debates. The book's strength lies in its ability to connect personal psychological insights with broader social and economic analysis. While some might find Fromm's proposed solutions idealistic, his diagnosis of society's ills remains startlingly relevant. Throughout the work, Fromm maintains a hopeful tone, suggesting that humanity has the capacity to shift toward the being mode if we can recognize and actively resist the allure of the having orientation.

The book concludes with practical suggestions for individual and social transformation, making it not just a theoretical work but a guide for personal and collective change.

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