What I read this week.

Apr 20, 2024

The upcoming Bitcoin halving is different from others before it - CNBC - The forthcoming Bitcoin halving, distinct from previous occurrences, holds significance for investors. It should take place any day now, and it marks a reduction in the rate at which new bitcoins are created. “After the 2012, 2016, and 2020 halvings, the bitcoin price ran up about 93x, 30x, and 8x, respectively, from its halving day price to its cycle top.” -CNBC. As of this writing, one bitcoin was worth almost $64,000.
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Retail sales surge 0.7% in March - AP - The Commerce Department reported a 0.7% increase in retail sales for March 2024, beating forecasts of 0.3% growth. This marked a strong rebound from the 0.3% rise in February and a 1.1% decline in January. The uptick was driven by higher sales at auto dealers, building material stores, and online retailers. Gas continues to go up as well.
Fallout has already scored a green light for a second season - Engadget - Fallout is a hit and has already been renewed for a second season. The game itself has seen an uptick in sales, and I’ll be the first to admit I was skeptical of the show, but it’s actually great.
How Nike Won the Battle for Caitlin Clark - WSJ - NBA All-Star weekend in Indianapolis saw top shoe company executives vying for 6-foot senior Caitlin Clark, rewriting NCAA records. Nike emerged victorious with an eight-year, potentially $28 million deal after fierce competition. 💰