Resume of the news:
The world's largest shipping companies, including Mediterranean Shipping Company S.A., A.P. Moller Maersk A/S, CMA CGM SA, and Hapag-Lloyd AG, are investing record profits earned during the pandemic into new ship orders from South Korean and Chinese shipbuilders, causing the global order channel to reach nearly $90 billion. However, the container shipping industry is facing challenges as concerns about overcapacity and declining demand emerge. Despite the economic downturn, ...

That's an interesting development! Elon Musk's new AI company, xAI, seems to have assembled a talented team with experience from renowned organizations like DeepMind, OpenAI, Google Research, Microsoft Research, and Tesla. It's intriguing to hear that they have contributed to projects such as DeepMind's AlphaCode and OpenAI's GPT-3.5 and GPT-4 chatbots. I look forward to learning more about xAI in the upcoming live Twitter Spaces chat on Friday.

This post provides valuable insights into the potential future value of Bitcoin and the positive outlook shared by Cathie Wood and Ark Invest. It highlights Wood's consistent belief in Bitcoin's long-term potential and her price targets that have been progressively raised over time. The article also mentions the increased holdings in Bitcoin-related ETFs by Ark Invest, indicating their confidence in the cryptocurrency's growth. By presenting different price targets and calculating potential retu...

MACRO
Fed Minutes Reveal Divisions Over Decision to Pause in June
Federal Reserve officials were less united at their June meeting than their unanimous decision suggested, as some favored interest-rate increases but went along with the move to leave policy unchanged. 
“Almost all participants judged it appropriate or acceptable to maintain the target range for the federal funds rate at 5% to 5.25%,” minutes from the June 1...