The Wealth Newsletter: 6th Edition

Author

Abhishek Shanbhag
March 15, 2024


Read Time: [4 to 5 minutes]

Hello, Wealthy Person

TikTok is on the verge of being banned in the United States of America. They have another option; they can sell it. Read for more.

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The Wealthy Menu

- TikTok Ban

- US Inflation Data

- Tesla’s Bad Week

- 5 Step Disconnect

More stories in each section

This week in technology and world news:

TikTok might be in big trouble.

TikTok Ban

The US House of Representatives passed a bill that could lead to a ban on TikTok unless the app’s Chinese parent company, ByteDance, sells it. The bill aims to address national security concerns, as there are worries that China could access data from US TikTok users. The fate of the bill is now in the hands of the Senate, and if it becomes law, TikTok would have about five months to separate from ByteDance or face a ban on US app stores hosting the app.

One sentence: The US House passes a bill that could potentially ban TikTok due to security concerns,

US Inflation Data

1. Prices rose by 0.4% in February 2024, indicating ongoing inflation.

2. Over the past year, inflation increased by 3.2%, affecting goods and services.

3. The core CPI (Consumer Price Index), excluding food and energy, also rose by 0.4%, reaching 3.8% year-on-year.

One sentence: Prices rose by 0.4% in February 2024

This week in stocks:

(Source for data: Google Finance)

Tesla’s Downfall

Tesla has fallen over 15% in the past month. It is the worst performing stock in the S&P 500. It hit its 10-month low this week.

One sentence: Tesla is falling consistently.

Boeing’s Struggle

Boeing has fallen over 25% YTD. This is due to safety concerns of recent horrible events.

One sentence: Boeing is currently struggling.

This week for self-development:

This week is all about Colby Kultgen’s recent post:

After 7 PM you should:

Reflect: What are you grateful for? What was your biggest win? What did you struggle with?

Disconnect: Don’t watch TikTok in bed.

Plan Ahead: Know what you are doing tomorrow, today.

Meditate: Try.

Read: You’re already reading this, congrats!

Done!
See you next Friday!

Thanks,
Abhishek Shanbhag