What we’re reading (5/18)
“Crypto: New. Fraud: Old.” (Vox). “Crypto’s utopic vision can be an attractive one: a completely decentralized, egalitarian, anonymous ecosystem. It’s intended to be trustless, meaning that it runs without relying on the government or banks or any third party. It’s also, at least for now, not entirely a reality.”
“Home Prices Posted Largest Annual Drop In More Than 11 Years In April” (Wall Street Journal). “The national median existing-home price fell 1.7% in April from a year earlier to $388,800, the biggest year-over-year price decline since January 2012, NAR said.”
“A Secretive Annual Meeting Attended By The World’s Elite Has A.I. Top Of The Agenda” (CNBC). “The three-day event, which this year runs from Thursday to Sunday, is shrouded in mystery, with clandestine talks held behind closed doors and subject to Chatham House rules, meaning the identity and affiliation of speakers must not be disclosed.”
“Netflix Stock Jumps 9% As It Boasts Ad-Tier Growth” (CNBC). “The streaming service this week said it had five million monthly active users for its cheaper, ad-supported option and 25% of its new subscribers were signing up for the tier in areas where it’s available.”
“Billionaire George Soros’ 7 Top Stock Picks In 2023” (U.S. News & World Report). “Soros is considered one of the most successful investors in history. His Soros Fund Management currently manages $6.5 billion in assets, and Soros himself has an estimated net worth of $6.7 billion after donating more than $32 billion to philanthropic causes.”
