State Street Journal’s Post

Check out this week's TMT Report where we discuss news surrounding Amazon and Skydance! Saks Fifth Avenue and Neiman Marcus are merging into a $2.65 billion deal to form Saks Global with Amazon's support. Skydance is merging with Paramount Global in a $10.95 billion deal, acquiring National Amusements and appointing its CEO as the new leader. Also, comment your email address to be a part of our mailing list! Analyst: Aaron Bobby Joel Nishbert

Check out this week's Real Estate Report where we discuss changes in the housing market! While the US faces a housing shortage, some regions with an oversupply are experiencing rent stability as tenants negotiate lower rents, whereas in growing areas, despite the reopening of federal housing vouchers after 15 years, low-income families still struggle to find apartments due to high rents and landlords' reluctance. Also, comment down your email address to be a part of our mailing list! Analyst: Nathaniel Lieu-Chang

Check out this week's TMT Report where we discuss news around Amazon and Micron Technology! On June 26th, Amazon's market cap exceeded $2 trillion after a 30% YTD rally, driven by strong earnings, AWS growth, and fast-fashion plans. Micron Technology shares fell nearly 5% after Q3 earnings showed strong growth but lower future forecasts. Also, comment your email address to be a part of our mailing list! Analyst: Aaron Bobby Joel Nishbert

Check out this week's Financial Institutions Group Report where we discuss news surrounding Wells Fargo and Bilt Rewards! Launched in 2022, the Bilt Mastercard is a partnership between Wells Fargo and Bilt Technologies. It allows rent payments without landlord fees and offers reward points, attracting over one million accounts within 18 months. Despite its popularity, inaccurate projections cost Wells Fargo up to $10 million monthly. Also, comment down your email address to be a part of our mailing list! Analyst: Felix Gazca

Check out this week's TMT Report where we discuss news relating to BeReal. and the overall M&A landscape! The rising demand to swiftly incorporate AI capabilities into daily operations has spurred a surge in technology-based startup ventures, particularly in semiconductor infrastructure. This digital transformation has proven efficient and highly attractive to investors. Also, comment your email address to be a part of our mailing list! Analyst: Bassel Jabarin

Check out this week's TMT Report where we discuss the annual Tesla shareholder meeting and new European developments with Chinese EVs! Starting July 4th, the EU will raise tariffs on Chinese EVs to 38.1%. On June 13th, Tesla shareholders approved Elon Musk's $46 billion pay package, moved incorporation to Texas, and shortened board terms to one year. Also, comment down your email address to be a part of our mailing list! Analyst: Aaron Bobby Joel Nishbert

Check out this week's Macroeconomy Report where we discuss the state of consumer's excess savings that was built up during the COVID pandemic! Americans' savings have turned negative due to depleted pandemic reserves and rising debt, causing concerns for consumer spending. Retailers and companies like Tyson Foods are affected by inflation and stagnant wages. Also, comment down your email address to be a part of our mailing list! Analyst: Saiuri Parimi

Check out this week's Healthcare Report where we discuss news surrounding Eli Lilly and Company! Eli Lilly's Alzheimer's drug, donanemab, may outperform Leqembi in effectiveness and frequency of use. Charities have created SCI Ventures, an investment fund for spinal cord injury treatments. Also, comment your email address to be a part of our mailing list! Analyst: Pakhi Sahni

Check out this week's Real Estate report where we discuss the current US Housing market as well as the mortgage rates! The US faces a severe housing shortage, needing at least 1.5 million homes to meet demand and affordability concerns. Despite new construction, regulatory issues limit developers, causing record home sales. Meanwhile, mortgage rates have risen above 7%, raising concerns about inflation and potential Federal Reserve rate cuts. Also, comment your email address to be a part of our mailing list! Analyst: Nathaniel Lieu-Chang