How the Penny’s Exit Could Save Millions

“A house divided against itself cannot stand.”

- Abraham Lincoln

Happy Monday everyone! America just said goodbye to the penny and the ripple effects could change how you pay at the register. More on this later in the Weekly Topic!

The White Lotus (2021) - S01E05 The Lotus-Eaters

In other news, House passes bill to end U.S. shutdown after 43 days. SoftBank sells its entire Nvidia stake for $5.8 billion. Michael Burry deregisters Scion Asset Management. Jack Dorsey is backing a new project called Divine, a modern reboot of Vine.

⤵️ In this week’s insight:

  • Weekly Highlights 

    How Africa Can Transform Into an Industrial Powerhouse

  • Digital Tool of the Week 

    Enables quick product searches and comparisons.

  • Weekly Topic 

    How the Penny’s Exit Could Save Millions

🔎 Weekly Highlights
This week’s highlight is from Bloomberg

Summary
  • Africa's severe energy poverty, with over 80% of the population lacking electricity, is a significant barrier to economic growth and industrialization, severely limiting access to essential services such as health and education.

  • Although rich in natural resources, Africa struggles with inadequate energy infrastructure and investment, resulting in low energy consumption levels that hinder industrial growth and lead to reliance on costly alternatives.

  • Renewable energy initiatives, such as Ethiopia's Grand Renaissance Dam and crowdsourced solar projects, aim to improve energy access and security for millions, with the goal of empowering 300 million Africans by 2030.

💸 Assets & Commodities

📬 Weekly Trivia

The Simpsons - How the Test Was Won [S20E11]

Q. Why did the Mint stop making pennies?

 🔗 Elevate Sphere
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