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Quarter to date

Many people buy things they don’t need, to impress people they don’t necessarily like. WARNING: BROUGHT TO YOU BY CLEAN & GREEN SINGAPORE. DO NOT PROCEED IF YOU'RE ALLERGIC TO SPONSORED CONTENT. https://thewokesalaryman.substack.com/p/we-live-in-a-consumerist-society

East Asians get less meaning from family and children than Westerners

🇺🇸#stocks #us #macro US small caps now trade at a discount to US large caps for the first time since the 2008 financial crisis. Goldman: stock-picking in the US small-cap sector can be very valuable.

PIMCO: "A rematch between what will be an 82 year old sitting president and a 78 former president who has now been convicted for paying off an adult actress is certainly in the realm of 'you cannot make this up.' .. One conclusion is clear, however: Yesterday’s verdict may simply lead to more disillusionment and disengagement among a swath of voters, who already feel discouraged by the choice in front of them in November." [Cantrill]

https://www.theguardian.com/world/article/2024/may/29/delhi-temperature-hits-499c-as-indias-capital-records-hottest-day?

Today, we are pleased to let you know that initial Earn distributions — approximately 97% of the digital assets owed to you by Genesis as of the suspension date (November 16, 2022) — are now available in your Gemini account. This follows our previous announcement that we reached a settlement with Genesis and other creditors in the Genesis Bankruptcy, which will result in all Earn users receiving 100% of their digital assets back in kind. This means that if you lent one bitcoin in the Earn program, you will receive one bitcoin back. And it means that you will receive any and all increase in the value of your assets since you lent them into the Earn program. With the initial distributions, Earn users are receiving $2.18 billion of their digital assets in kind. These initial distributions represent: - 97% of digital assets owed to you - $1 billion more than when Genesis halted withdrawals - A 232% recovery from when Genesis halted withdrawals In order to access the initial Earn distribution in your account, please follow these steps: - Log into your Gemini account - Navigate to your account settings - Visit the "Earn Distributions" section - Read through the materials - Click or press the "Access" button to initiate the distribution process After you take these steps, we will update your available balance to reflect your initial Earn distribution in your Gemini account. Please allow up to several hours for your initial distribution to appear in your account. If you take no action, we will automatically update your available balance to reflect your initial distribution in your account by May 31, 2024. We are thrilled that we have been able to achieve this recovery for you. We recognize the hardship caused by this lengthy process and appreciate your continued support and patience throughout.

2 Potential Growth Trend Factors in Robotics ✅Aging Population and Labor Shortages: As populations age and labor shortages become more prevalent, robots can fill critical gaps in industries like healthcare and manufacturing. ✅Rising Labor Costs: In some regions, rising labor costs make robotic automation a more cost-effective solution for businesses. 2 Potential Risk Trend Factors in Robotics ❌High Initial Investment Costs: The upfront cost of acquiring and implementing robotic systems can be a barrier for some businesses, especially smaller enterprises. ❌Job Displacement Concerns: The widespread adoption of robots raises concerns about job displacement and the need for workforce retraining and reskilling.

🌎 Global News Flow 🔘 10-year Treasury yield rises above 4.5% following weak auction 🔘 Energy Transfer (ET.US) expands Permian presence with $3.25 bln WTG Midstream buy 🔘 Activist Elliott takes $2.5 billion stake in Texas Instruments (TXN.US), urges company to improve free cash flow 🔘 T-Mobile (TMUS.US) to buy US Cellular's (USM.US) wireless operations in $4.4 billion deal 🇨🇳🇭🇰 China/HK News Flow 🔘 HSI Fades 6 pts as ALI HEALTH Rallies 10%; Shippers Rise 🔘 Guangzhou Further Refines Housing Policy 🔘 HK Int'l Airport's Pax./ Flight Movements Hike 30%+ YoY in Apr 🔘 SENSETIME-W (0020.HK): CN Chipmakers Catching Up Fast with Int'l Makers in AI Field 🇲🇾 Malaysia News Flow 🔘 Supermax (SUM.MY) narrows net loss in 3Q on improved profit margins despite weak demand 🔘 UEM Sunrise’s (UEM.MY) 1Q earnings down 48% on higher expenses, lower sales 🔘 Magnum (MGN.MY) says 1Q net profit up 65%, declares 1.5 sen dividend Source: Bloomberg, CNBC, Yahoo Finance, AAstocks, The Edge Malaysia, The Star