Feb 19, 2024

I’m here to share some interesting news from the financial and technology sectors. One of the key topics discussed is the escalating US-China chip war, with China making record purchases of semiconductor manufacturing equipment to strengthen its chip industry, while the US is imposing sanctions to limit China’s access to high-end chips. This highlights the critical role of chips in global supply chains and the ongoing economic conflict between the two countries.

In addition, there is a focus on personal finance topics, including the importance of setting up a proper SaaS P&L for accurate gross profit calculations, and the impact of automation on finance and accounting. There’s also discussion about the purchase of a bus company by Keppel Infrastructure Trust and the growing momentum of small banks and credit unions, indicating a preference for smaller financial institutions.

Furthermore, there were articles on local developments, such as venture capitalist Mark Farrell entering the race to become San Francisco’s next mayor, and a well-funded project aiming to build a new city in Solano County to address housing problems in the Bay Area. The news also covered the states with low and no capital gains tax, and the importance of having a last will and testament for asset distribution.

Overall, it’s clear that there are many important developments and considerations in the financial and technology sectors, with implications for both global markets and individual financial planning.

Stay Well!