Back on the Olympic Throne, Bill and the Terrible, Horrible, No Good, Very Bad Day - Weekly IB Recruiting Brief

Key Points: US rowing team wins gold in men's four event at 2024 Paris Olympics, ending 64-year drought Economy and Federal Reserve: Fed signals potential interest rate cut in 7 weeks Chair Powell hints at September cut Possible end to 2-year inflation battle Timing before election season could impact economic sentiments and recruiting strategies July Employment Report: Shows cooling job market Slowing growth and rising unemployment Contradicts previous robust employment narratives Potential impact on hiring across sectors Market Reactions: Investors betting on September rate cut Some pushing for half-point reduction Markets pricing in up to 70 basis points of Fed easing by year-end Expectations may influence deal flow and M&A activities Bill Ackman's IPO Setback: Downsized Pershing Square USA IPO by 90% Forced to scrap IPO entirely Plans to return with new structure to attract investors Recruiting Tips: Summer holiday period ideal for resume and narrative improvement New Courses Announcement: Prospect Rock Academy launches new courses Track A: For undergrads and MBAs seeking summer internships Track B: For recent grads and laterals, focusing on insider networking tips Discount code: JOB25 for 25% off all courses Closing Quote: "Keep your face towards the sunshine, your skills sharp, and your network strong."