For those who celebrate, Daylight Saving Time took place early Sunday morning. There is nothing like the thrill of watching your clock go from 1:59AM to 1:00AM. This is the good one, where you get to sleep in a bit.

Some interesting facts about it:

• Daylight Saving Time was started by the Germans in WWI.

• It’s shown to boost retail sales, but also disrupts productivity, with an estimated loss of over $400M in the U.S.

• China, India, Japan, Russia, and Brazil all got rid of it.

• I will not change my microwave or oven clocks ever.

Markets

Source: CoinGecko.com As of 4:51PM November 3 2024

World news

Top news stories of the past week

1) Buffett grows his cash stack: Warren Buffett, the famed 94-year-old investor, is sitting on a record $325B in cash, more than 50% of his investment portfolio, after selling down his holdings of Apple and Bank of America. He still holds both, with Apple his largest holding at nearly $70B.

2) U.S. manufacturing drops: The caption kind of says it all; the October manufacturing figure was a 15-month low. Why? Increased input costs and disruptions from the Boeing strikes? What does this mean? It’s a potential sign of a slowing economy, increase in inflation, and further reason for the US Federal Reserve to drop interest rates.

3) U.S. Presidential race is tight: Who’s ahead in the U.S. election? Depends who you ask. It’s too close to call right now. Should be a wild week with results coming out on Tuesday!

Top WEIRD stories of the past week

1) Google has been fined ₽2,000,000,000,000,000,000,000,000,000,000,000,000 by the Russian government for not restoring Youtube accounts belonging to Russian TV channels. This fine would be more than the entire global GDP. Will they pay? I’m going to guess no.

2) Hundreds of people were tricked into believing there was going to be a Halloween parade in Dublin and came out, lining the streets. Maybe next year, lads and ladies!

3) A 63-year-old man was arrested in connection with a £300,000 cheese heist. That’s 22 metric tons of cheese. I have my suspicions about the culprit.

Chart

You like charts? Graphs? Ya you do

Worried how the U.S. election will affect the stock market? Hasn’t been much of a problem in the past.

Investment idea

What are we investing in?

Music royalties

Music royalties are payments made to songwriters, artists, and producers whenever their music is played, streamed, or used commercially. Each time a song is played on the radio, streamed online, used in a film, or covered by another artist, royalties are generated, creating a steady stream of passive income.

As a type of intellectual property, music rights can be bought and sold, making royalties a unique asset that generates income over time without additional effort from the original creator. Royalties have been a popular investment for big players in the industry, but recent platforms have opened the door for everyday investors to participate in this income stream.

For the average person interested in investing in music royalties, platforms like Royalty Exchange and SongVest have made it easier than ever to buy shares of songs and receive payments each time those songs earn royalties. For instance, Royalty Exchange allows individuals to bid on music catalogs, with opportunities ranging from small, established songs to larger, high-earning hits.

Once an investor owns a portion of a song’s royalties, they receive regular payouts, providing a predictable and sometimes lucrative revenue stream. While there’s some risk involved, particularly if a song’s popularity declines, music royalties offer an alternative investment that’s uncorrelated to traditional financial markets, providing an appealing diversification opportunity.

So if you think you’re a real music connoisseur, back it up with some investments!

History

On this day…

…in 1922, Howard Carter discovered King Tut’s golden tomb.

Music

Banger of the week

Most important thing

Meme? Nah. Art.