Today’s topics

• India smashes Forbes’ Billionaires list again

• How much do you need for retirement?

• Yahoo acquires AI-driven news startup

• Solar panels as your new garden fence

• Tiny robot that can reforest the whole planet

  and more…

Stock market faced a turbulent start to the second quarter. The S&P 500, Dow Industrials, and Nasdaq Composite all plunged into the red on Tuesday, 2 April. With a nearly 400-point fall, the Dow recorded its poorest opening two days of a quarter since 2020. The S&P 500 retreated by 0.72% to 5,205.81, and the Nasdaq Composite declined by 0.95%, settling at 16,240.45. For the Dow and the S&P 500, it was their bleakest day since March.

Yahoo acquires Artifact: Instagram co-founders' AI startup. Yahoo announced its acquisition of Artifact, the AI-driven news startup from Instagram's co-founders, Kevin Systrom and Mike Krieger. While the financial details remain undisclosed, Artifact's technology will soon merge with Yahoo's platforms, including Yahoo News. The move follows Artifact's decision to cease operations due to market constraints, shifting away from its original news focus to compete with platforms like Meta's Threads.

UPS takes flight. United Parcel Service (UPS) secures a significant deal to become the United States Postal Service's (USPS) primary air cargo provider. This announcement comes as FedEx terminates its longstanding partnership with USPS after over two decades. While the financial specifics remain undisclosed, UPS heralds the agreement as substantial.

Bezos adds $90 million mansion to Florida collection. Jeff Bezos, expanding his real estate portfolio, acquired a third mansion on Florida's exclusive Indian Creek island. In an off-market deal, the Amazon founder secured a six-bedroom home for approximately $90 million.

Retirement reality check. US adults insist on needing $1.5M for a cushy retirement, but reality hits hard with an average savings of $88,400. The gaping chasm between aspiration and reality is alarming. Rising inflation and withdrawals from retirement accounts exacerbate the struggle. Younger generations inflate the figure, eyeing an even heftier sum, anticipating a century-long lifespan.

India’s record on Forbes’ World’s Billionaires List. India smashes Forbes’ Billionaires list again, boasting 200 tycoons nearing a trillion dollars. Mukesh Ambani, Asia's first centibillionaire, sees his Reliance Industries' shares skyrocket, boosting his net worth to $116 billion from $83 billion. Holding onto his ninth spot globally, Ambani solidifies his reign as India's and Asia's richest.

Tiny Robot That Can Reforest The Whole Planet

Meet the "Erodium Copy" robot, a marvel from Morphing Matter Lab, poised to reforest the planet and safeguard endangered species. Drawing inspiration from nature's mechanisms, it buries seeds deep underground with precision and simplicity, mimicking natural processes to ensure optimal growth.

Watch the video.

Spotting The Sea Unicorn

With fewer than 60 confirmed sightings, the ornate eagle ray, dubbed the "unicorn of the sea," remains elusive. Identified by its dark striped pattern and reticulated spots, along with its long whip-like tail, this majestic creature captivates. However, distinguishing between individual rays remains a challenge, blurring the line between repeated sightings of the same ray and encounters with distinct specimens.

Solar panels: from roofs to fences. Solar panels have become so cheap that they are being used to build garden fences in the Netherlands and Germany. While they may not capture sunlight as efficiently as on rooftops, the significant savings on labor and scaffolding costs make them an attractive option for households.

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Evolution of New York's Social Clubs

New York's social scene has been molded by private clubs since the Gilded Age, each meticulously crafted to captivate before the rise of skyscrapers. However, a modern wave of clubs has emerged, offering diverse price points, exclusivity levels, and amenities, reshaping the city's social fabric.

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