News and my thoughts from the last week (22 Apr 2024)
Charlie Munger Gave His Family Fortune To The 'Chinese Warren Buffett' Li Lu Who Turned It Into Over $400 Million Dollars — 'Unholy Good Returns'
China unloads more US Treasury bills as odds of Fed rate cuts grow slim. With the Federal Reserve suggesting interest rate cuts are unlikely in the immediate future, China has unloaded more of its US Treasury holdings - SCMP
Epson closure of Tuas plant in Singapore - CNA
IMF Steps Up Its Warning to US Over Spending and Ballooning Debt. Annual report credits unsustainable spending for US growth. US fiscal stance risks global financial instability, IMF says. - Bloomberg
JUST IN: Ft. Worth Texas' tallest building is facing foreclosure just 3 years after the buyer acquired the building
The 40-story, 1M SF office building will be sold at a foreclosure auction scheduled for May 7. The seller acquired the building (801 Cherry St) in 2021 for $137M.
'No need for cell towers': China has revolutionised smartphone communications. Has China found its own "Starlink"? Times of India
These in-house AI chips that Google and Meta just announced pose one of the first real challenges to Nvidia’s dominant position. Nvidia controls more than 90% of the AI chips market with increasing demand. - Yahoo Finance
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