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TradeBriefs Editorial

From the Editor's Desk

Chinese platforms are cracking down on influencers selling AI lessons - MIT Technology Review (No paywall)

But the platforms they thrived on have started to turn against them. Just a few weeks ago, WeChat and Douyin began suspending, removing, or restricting their accounts. While influencers on these platforms have been turning people’s anxiety into traffic and profits for a long time, the latest actions show how Chinese social platforms are trying to contain the damage before it goes too far. 

“I paid 198 RMB ($27.50), and the first three courses were void of actual content. It’s all about urging people to keep paying 1980 RMB for the next course,” Bessie, a Chinese user of the social media site Xiaohongshu, posted about her experience. The courses were created by Li Yizhou, a serial entrepreneur turned startup mentor who, despite having no background in AI, pivoted to posting about explaining AI and drumming up anxiety after the release of ChatGPT in November 2022.

Continued here


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The frugal life of Warren Buffett: How the billionaire spends his fortune, from McDonald's breakfasts to a rare and 'indefensible' splurge  
  

The frugal life of Warren Buffett: How the billionaire spends his fortune, from McDonald's breakfasts to a rare and 'indefensible' splurge
\"There are things money can\'t buy,\" Buffett once said at a shareholder\'s meeting. \"I don\'t think standard of living equates with cost of living beyond a certain point. My life couldn\'t be happier. In fact, it\'d be worse if I had six or eight houses. So, I have everything I need to have, and I don\'t need any more because it doesn\'t make a difference after a point.\"


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Opinion | Mass Tech Layoffs? Just Another Day in the Corporate Blender.  
  

Opinion | Mass Tech Layoffs? Just Another Day in the Corporate Blender.
After shedding over 260,000 jobs last year, the greatest carnage since the dot-com meltdown more than two decades ago, the major tech companies show little sign of letting up in 2024 despite being mostly profitable, in some cases handsomely so. In their words, the tech companies are letting people go to further the continuing process of aligning their structure to their key priorities, or “transformation” or becoming “future ready.” Behind these generalities, however, some tech companies are using what has hitherto been an extreme measure in order to engineer a short-term bump in market sentiment.






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Gene-editing pioneer calls for big investment in Crispr technology - FT (No paywall)  
  

Funding needed to drive innovation and make therapies available to all, says co-discoverer Jennifer Doudna


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Neuralink: Musk's firm says first brain-chip patient plays online chess  
  

Neuralink: Musk's firm says first brain-chip patient plays online chess
Mr Arbaugh also said that he had used the brain implant to play the video game Civilization VI. Neuralink gave him "the ability to do that again and played for eight hours straight", he said.




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Switzerland becomes first major economy to cut interest rates in surprise move  
  

Switzerland becomes first major economy to cut interest rates in surprise move
The Swiss National Bank on Thursday surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%, saying national inflation is likely to stay below 2% for the foreseeable future.


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Fetal tissue research gains in importance as roadblocks multiply  
  

Fetal tissue research gains in importance as roadblocks multiply
Scientists at the University of Wisconsin-Madison have spent years trying to unravel the details of Down syndrome: What happens inside the womb, how the genetic disorder alters the formation of neurons, and what specific processes affect brain development. The work can’t proceed without studying fetal tissue.




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Russia's Military Is Already Preparing for Its Next War
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The United States Has Less Leverage Over Israel Than You Think - Foreign Policy (No paywall)  
  

The United States Has Less Leverage Over Israel Than You Think
Argument: The United States Has Less Leverage Over Israel Than You Think




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Japanese startup generates AI models from 'evolutionary' process - Nikkei Asia (No paywall)  
  

Japanese startup generates AI models from 'evolutionary' process
TOKYO -- Sakana AI, a Japanese artificial intelligence startup, said Thursday that it has invented a new way of creating generative AI models that applies the concepts of evolution and natural selection. This approach, according to the company, allows significantly cheaper and faster AI development.


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Populist parties' divisions jeopardise chances of setting European agenda  
  

Populist parties' divisions jeopardise chances of setting European agenda
And rather than vaunting the European Commission's record, they should make the case for a stronger, more defence-minded Europe to counter further Russian aggression and the threat of Donald Trump's return to power in the US.




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Elon Musk's Neuralink shows brain-chip patient playing online chess  
  

Elon Musk's Neuralink shows brain-chip patient playing online chess
Last month, Reuters reported that the US Food and Drug Administration inspectors found problems with record keeping and quality controls for animal experiments at Elon Musk's Neuralink, less than a month after the startup said it was cleared to test its brain implants in humans.


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Taxpayers Were Overcharged for Patient Meds. Then Came the Lawyers.  
  

Taxpayers Were Overcharged for Patient Meds. Then Came the Lawyers.
But a New York Times investigation, drawing on thousands of pages of court documents, emails and other public records in multiple states, reveals that the case against Centene was conceived and executed by a group of powerful private lawyers who used their political connections to go after millions of dollars in contingency fees.




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A Mexican Drug Cartel’s New Target? Seniors and Their Timeshares  
  

A Mexican Drug Cartel’s New Target? Seniors and Their Timeshares
The cartel typically preys on older, retired people who want to leave as much money as they can to their family by selling off assets. Several victims interviewed by The New York Times said the money they had lost to scammers exceeded the value of their initial investment in timeshares in Jamaica, California and Mexico.


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Biden Administration Announces Rule Aimed at Expanding Electric Vehicles  
  

Biden Administration Announces Rule Aimed at Expanding Electric Vehicles
That would avoid more than seven billion tons of carbon dioxide emissions over the next 30 years, according to the E.P.A. That’s the equivalent of removing a year’s worth of all the greenhouse gases generated by the United States, the country that has historically pumped the most carbon dioxide into the atmosphere. The regulation would provide nearly $100 billion in annual net benefits to society, according to the agency, including $13 billion of annual public health benefits thanks to improved air quality.




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Opinion | The Potency of Trump’s ‘Lost Cause’ Mythmaking  
  

Opinion | The Potency of Trump’s ‘Lost Cause’ Mythmaking
It manifested itself last year when Florida changed its African American history standards to say that the enslaved “in some instances” benefited from their enslavement, and in Nikki Haley’s hesitance on the campaign trail to state the obvious, that slavery was the cause of the Civil War.


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Opinion | It Hurts to See Biden Imitating Trump on Trade  
  

Opinion | It Hurts to See Biden Imitating Trump on Trade
Legislators in both parties have jumped on the populist bandwagon. Senator Bob Casey, running for re-election in Pennsylvania, said he would “work like hell against any deal that leaves our steelworkers behind.” Never mind that under red-white-and-blue American ownership, U.S. Steel’s work force plummeted from 340,000 during World War II to about 22,000 today.


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At the Met Opera, the Show Goes On After a Technical Mishap  
  

At the Met Opera, the Show Goes On After a Technical Mishap
Javier C. Hernández is a culture reporter, covering the world of classical music and dance in New York City and beyond. He joined The Times in 2008 and previously worked as a correspondent in Beijing and New York. More about Javier C. Hernández


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'Controlling' man tricked wife into leaving Australia in order to have her visa cancelled, court told  
  

'Controlling' man tricked wife into leaving Australia in order to have her visa cancelled, court told
Once in Sudan, they stayed at the home her husband grew up in, which Saunders said was "derelict and very unclean", and she was forced to prepare meals for her family at another location.


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ABC broadcaster James Valentine 'hopeful and terrified' after oesophageal cancer diagnosis  
  

ABC broadcaster James Valentine 'hopeful and terrified' after oesophageal cancer diagnosis
"So, I'll be gone for a while. Probably two or three months. I'm going to make sure I'm fully recovered and my stomach is going to stay attached to my neck before I attempt broadcasting again. Wouldn't want it to come loose mid-show.


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Dutch project tells wartime stories of intrepid 'England voyagers'  
  

Dutch project tells wartime stories of intrepid 'England voyagers'
"This is quite different from the dark story of the Holocaust, in which many people in the Netherlands played a very dubious role … with a large component of collaboration," Lucker said. "What these people did was true resistance and they were considered the heroes of their time. And there is lots more to tell about them."


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Photos of Macron boxing raise eyebrows in France after he comes out swinging against Putin  
  

Photos of Macron boxing raise eyebrows in France after he comes out swinging against Putin
Brigitte Macron revealed last year in an interview with Paris Match that the president boxes twice a week and he has previously posed with boxing gloves to promote exercise ahead of the Paris Olympics.


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Portugal centre-right leader Luís Montenegro nominated as PM after narrow election win  
  

Portugal centre-right leader Luís Montenegro nominated as PM after narrow election win
Without it, Montenegro will be obliged to try to pass legislation on a case-by-case basis, and his government could face a survival test as early as this autumn when it tries to draw up the 2025 budget. A rejected budget could lead to a new election.


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Next cheers retail sector with bumper profits and talk of falling prices  
  

Next cheers retail sector with bumper profits and talk of falling prices
John Moore, senior investment manager at RBC Brewin Dolphin, said: “Next continues to deliver against a tough retail backdrop, with growing momentum on sales and cashflow management. The group’s strong balance sheet means Next is a beneficiary as other brands struggle in the current environment, and we have seen that play out in recent years with its acquisition of a range of well-known peers.”


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'Our bills have tripled': UK's first Turkish mosque fights to survive in London  
  

'Our bills have tripled': UK's first Turkish mosque fights to survive in London
Güney said: "I'm not here for money, if I was, I would have sold the building and gone. It's a mosque, it shouldn't be up for sale, it shouldn't be interfered with. It's a sacred place."


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Simon Armitage releases spring-themed poetry collection celebrating blossom  
  

Simon Armitage releases spring-themed poetry collection celebrating blossom
Annie Reilly, the head of the blossom programme, said she hoped the Armitage project would inspire people to dive into the annual feelgood spectacle, “whether that is by reading poetry under the falling petals of a cherry tree, listening to the music in the middle of an orchard, smelling spring’s perfume in the gardens, attending a live performance, or simply taking in the sea of pink and white petals, wherever they are”.


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'Nothing in the language excludes admission of women': KC issues opinion on Garrick Club rules  
  

'Nothing in the language excludes admission of women': KC issues opinion on Garrick Club rules
"Many members would also appreciate advice from the committee on the context of Mr Beloff's change of mind. In particular, it is important for them to know that, unlike other clubs that exclude women members, there is no explicit provision in the Garrick rules to do this."


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Meet Wall Street's Newest Stock-Split Stock, Along With the Artificial Intelligence (AI) Stock Likeliest to Follow in Its Footsteps  
  

Meet Wall Street's Newest Stock-Split Stock, Along With the Artificial Intelligence (AI) Stock Likeliest to Follow in Its Footsteps
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool\'s board of directors. Sean Williams has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Chipotle Mexican Grill, Nvidia, Tesla, and Walmart. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.


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Fed to slow the shrinking of its $7.5 trillion balance sheet 'fairly soon': Powell  
  

Fed to slow the shrinking of its $7.5 trillion balance sheet 'fairly soon': Powell
Powell on Wednesday declined to say by how much the runoff could be slowed exactly, but he did say that the \"longer-run goal\" is to get to a point where the balance sheet is \"mostly\" Treasurys — as opposed to mortgage-backed securities.


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Better Artificial Intelligence (AI) Stock: Palantir Technologies vs. Snowflake  
  

Better Artificial Intelligence (AI) Stock: Palantir Technologies vs. Snowflake
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.


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Isn’t Nvidia (NASDAQ:NVDA) Stock Overvalued? Not Quite  
  

Isn’t Nvidia (NASDAQ:NVDA) Stock Overvalued? Not Quite
Given the near-term momentum in the sector, the fact that demand for GPUs still outstrips supply, and the fact that we really are just at the start of the AI revolution, I remain bullish on Nvidia.


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Coinbase Derivatives Plans To Launch Futures Trading for Dogecoin in Letter to CFTC  
  

Coinbase Derivatives Plans To Launch Futures Trading for Dogecoin in Letter to CFTC
James Seyffart, an ETF research analyst at Bloomberg Intelligence, shared on X, suggesting that Coinbase’s selection of these 3 crypto assets for futures trading could be strategic, given that they are derived from Bitcoin, which the SEC already view as a commodity and not a security.


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Stocks Will Lose Steam Even as Fed Signals Rate Cuts, Survey Shows  
  

Stocks Will Lose Steam Even as Fed Signals Rate Cuts, Survey Shows
The MLIV Pulse survey was conducted among Bloomberg terminal clients immediately after the Fed decision by Bloomberg’s Markets Live team, which also runs the MLIV blog. Sign up for future surveys here.


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3 Millionaire-Maker Technology Stocks  
  

3 Millionaire-Maker Technology Stocks
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool\'s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool\'s board of directors. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.


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Wolves analyst charged with stealing info, fired  
  

Wolves analyst charged with stealing info, fired
According to his LinkedIn profile, Sarkar joined the Timberwolves in August 2021 and previously worked in analytics-related roles at the New York Knicks and the New Orleans Pelicans. He also worked as a basketball operations intern for the Houston Rockets from October 2012 to June 2013.


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Buffs survive cold shooting, pull out First Four win  
  

Buffs survive cold shooting, pull out First Four win
\"You just got to keep fighting and every day get better, and if we can put on a better team next year, you go farther,\" said Rice, who fell to 0-5 in tournament games, tied for the fifth-most losses by a coach without a win. \"There\'s always the next mile, the next hurdle, the next milestone, but it doesn\'t mean that this team didn\'t accomplish a heck of a lot because they sure did.\"


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Biden Suggests a Bigger Federal Role to Reduce Housing Costs  
  

Biden Suggests a Bigger Federal Role to Reduce Housing Costs
Mr. Bernstein added that administration officials believed many local leaders were encouraging a bigger federal role in zoning reform — which can help override objections from local groups that oppose development. “I feel like we’re kicking through more of an open door now than we ever have before,” he said.




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