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First Step to Final Offer (08/27/24)

First Step to Final Offer (08/27/24)

Brooks Gammill
August 27, 2024

Your weekly round-up of an M&A deal walkthrough, insightful market news summaries, technical quiz questions, and various internships, events, and diversity programs. A key resource to best prepare yourself for finance recruiting. If someone sent you the newsletter subscribe below!

CAREER OPPORTUNITIES

Class of 2027 Jobs & Events

Raymond James Banking Insights Program Link here
Bank of America Global Markets Sales & Trading Rotational Sophomore Summer Analyst Program – 2025 Link here
Goldman Sachs Possibilities Summits Link here
Deloitte Consulting Discovery Sophomore Intern Summer 2025 Link here
Deloitte Discovery Intern (Sophomore) Consulting (Government & Public Services) - Summer 2025 Link here
RBC Capital Markets U.S. Pathways Diversity Award Program Link Here
RBC Capital Markets U.S. Women’s Advisory Program Link Here
RBC Capital Markets LGBTQ+ Sophomore Insights Program Link Here
Bain & Company Event Series Link Here
Goldman Sachs Emerging Leaders Series - Link Here
Morgan Stanley Summer 2025 Applications - Link Here

Class of 2026

Morgan Stanley 2025 Investment Management Summer Analyst Program - Fixed Income High Yield (Boston) Link here
Goldman Sachs 2025 Internships Link here
StepStone Group 2025 Private Equity Summer Analyst Link here
Susquehanna International Group, LLP (SIG) Quantitative Trader Internship: Summer 2025 Link here
Bracebridge Capital 2025 Summer Investment Analyst Link here
Blackstone 2025 Real Estate Finance Summer Analyst Link here
BNY 2025 Summer Internship Programs Link here
Deutsche Bank Internship Program Investment Bank: Commercial Real Estate - New York - 2025 Link here
MUFG 2025 Corporate, Investment Banking and Markets (CIBM) Summer Analyst Program - Link here
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory Capital Markets - New York 2025 - Link here
Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - San Francisco 2025 - Link here
Lazard 2025 Institutional Client Group Summer Internship - Link Here
Baird, Equity Research Analyst Summer 2025 - Link Here
BCG Associate Internship - Link Here
Bain & Company Associate Consultant Intern - Link Here
Nomura Summer 2025 Analyst Roles - Link Here
Citadel Securities Trading Fundamental Analyst - Link Here
Loop Capital Summer 2025 Analyst Positions - Link Here
Stifel Financial Corp Summer 2025 Analyst Roles - Link Here
Citi Summer Summer 2025 Analyst Roles - Link Here
StepStone Group Summer 2025 PE Analyst - Link Here
Guggenheim Summer 2025 Applications - Link Here
Oppenheimer Summer 2025 Applications - Link Here
Abdiel Capital Summer 2025 Application - Link Here
Long Ridge Summer 2025 Application - Link Here
D.E. Shaw Summer 2025 Application - Link Here
Bank of America Summer 2025 Applications - Link Here
Point72 Summer 2025 Application- Link Here

MARKET NEWS

Dow Surges Over 450 Points as Powell Signals Potential Fed Rate Cuts

The Dow Jones Industrial Average climbed more than 450 points on Friday, closing at 41,175.08 after Federal Reserve Chair Jerome Powell hinted that interest rate cuts may be on the horizon. In his keynote speech at the Jackson Hole Economic Symposium, Powell expressed growing confidence that the battle against inflation is on track, suggesting that the time has come for the Fed to consider adjusting its policy. While Powell did not provide specific details on the timing or magnitude of potential rate cuts, his remarks were enough to lift markets. Technology stocks, including Tesla and Nvidia, saw significant gains, and the Nasdaq Composite and S&P 500 also rose, finishing the week on a high note.

Source: (CNBC)

U.S. Job Market May Be Near a Tipping Point, Research Suggests

Recent research indicates that the U.S. job market may be approaching a critical juncture, with signs of softening in certain sectors. While overall employment remains robust, the data suggests a slowdown in job creation, particularly in industries that had previously seen significant growth. This potential shift could signal changes in the broader economy, as employers become more cautious amid rising interest rates and economic uncertainties. The findings highlight the importance of monitoring labor market trends as a key indicator of future economic health.

Source: (Reuters)

U.S. Job Growth Revised Down by the Most Since 2009 – Why This Time Is Different

The U.S. Labor Department has significantly revised down job growth figures for recent months, marking the largest downward adjustment since 2009. The revision, which reflects slower job creation than initially reported, has raised concerns about the strength of the labor market. However, analysts note that the current economic context differs from previous downturns, with factors such as high consumer demand and ongoing labor shortages playing a unique role. Despite the revision, the labor market remains relatively strong, but these changes could influence future policy decisions by the Federal Reserve.

Source: (CNBC)

M&A DEAL OVERVIEW

KKR in Talks to Acquire The Parking Spot in $1.4 Billion Deal

Private equity giant KKR is reportedly in advanced discussions to acquire The Parking Spot, a leading U.S. provider of airport parking facilities, in a deal valued at approximately $1.4 billion. The Parking Spot, known for its extensive network of off-airport parking services, operates at major airports across the country. This acquisition aligns with KKR’s strategy to expand its portfolio in infrastructure and real estate assets. If finalized, the deal would mark a significant investment in the rapidly growing airport services sector, reflecting confidence in the ongoing recovery and growth of air travel.

Source: (Bloomberg)