Wealth Management News & Insights
SpaceX Heads to $400bn Valuation in Share Sale, Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms, Does Brooklyn Need a New Waterfront Neighborhood?
Primary Sources
- Federal Open Market Committee: A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, June 17, 2025, at 9:00 a.m. and continued on Wednesday, June 18, 2025, at 9:00 a.m. [FRB]
- Amazon Prime Day 2025 Delivers Record Sales and Savings in Expanded Four-Day Shopping Event: Customers saved billions while shopping Amazon’s millions of deals during Amazon’s biggest Prime Day shopping event yet. [Amazon]
Financial Markets
- First-Time Home Buyers Are MIA. Landlords Are the Winners: America’s renter population has hit a record because fewer people can afford to get on the housing ladder. [WSJ]
- Delta’s Stock Soars Over 10% on Signs of ‘Stabilized’ Travel Demand: The airline reported better earnings than expected for its latest quarter, and restored its forecast for the rest of the year. [NYT]
- SpaceX Heads to $400bn Valuation in Share Sale: Deal places rocket and satellite group on par with top 20 most valuable public companies in S&P 500. [FT]
The chart above shows the adoption of AI across various US industries. As of June 2025, 9.2% of all firms have adopted AI. Information, Professional, Scientific, and Technical, and Educational Services industries lead in AI adoption.
Financial Planning
- What Trump’s Megabill Means for You: How parents, retirees, tipped workers, Medicaid recipients and others will be affected by the new law. [WSJ]
- ‘Buy Now, Pay Later’ Purchases Can Now Affect Your Credit Score. Here’s What That Means: The credit scoring company FICO recently announced it will add something new to some of its credit scores: data from buy now, pay later loans. [NPR]
- How Coupons Became Passé, Even in a High-Price World: Not that long ago, extreme couponing was practically a sport. Now, some former enthusiasts say it just isn’t worth it. [WSJ]
Business Strategy
- Saving a Studio? This Looks Like a Job for Superman!: The man of steel is back in a new $225 million reboot. It’s the last, best hope for DC Comics to match the success of the Marvel industrial complex. [WSJ]
- Ferrero to Buy Cereal Maker WK Kellogg for $3.1 Billion and Kellogg Shares Jump 30%: WK Kellogg, which makes cereals such as Froot Loops and Frosted Flakes, spun off into a standalone company in 2023. [CNBC]
- Microsoft Pledges $4 Billion Toward A.I. Education: Microsoft said it would provide cash, artificial intelligence tools and computing services to schools, colleges and nonprofit groups. [NYT]
- Why the Business World Can’t Let Go of Landline Phones: Smartphones have come to dominate our consumer life, but in many businesses across the country, there’s still a strong case for that hard plastic handset. [WSJ]
- Fast-Casual Restaurants Lean on Loyalty Programs to Offset Consumer Pullback: Flexibility, personalization, and surprise rewards are becoming central to how brands design loyalty programs. [CNBC]
- How Netflix Keeps Luring Big-Name Directors Away From the Traditional Box Office: The streamer offers lucrative contracts, creative freedom and an audience pool of more than 300 million subscribers. [CNBC]
The chart above shows the percentage of US apparel and footwear imports by country. China and Vietnam are the top sourcing partners for both categories.
Life & Work
- A.I. Is Making Sure You Pay for That Ding on Your Rental Car: Hertz and other agencies are increasingly relying on scanners that use high-res imaging and A.I. to flag even tiny blemishes, and customers aren’t happy. [NYT]
- Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms: Recent graduates who haven’t started their gigs at big banks are being recruited for jobs that don’t start for another couple of years. [WSJ]
- Like to Travel? Love to Play Tennis? These Vacation Spots Might Be for You: A holiday is no excuse to let your backhand slip. At these four destinations, you can hone your tennis skills, sometimes with the help of major stars. [WSJ]
- Does Brooklyn Need a New Waterfront Neighborhood?: The risks and opportunities of turning 122 industrial acres over to developers. [NYT]
- T.S.A. Officially Tells Fliers They Can Keep Their Shoes On: Pointing to “layered screening,” Kristi Noem, the homeland security secretary, ended two decades of socks and bare feet at U.S. airport checkpoints. [NYT]
- How We Chose the 2025 TIME100 Creators: We release the inaugural TIME100 Creators list, in recognition of how significantly these individuals are changing the way people inform themselves. [TIME]