And welcome back to Street Tweets from The Street Sheet!

As if he wasn’t facing enough controversy, Kanye West just added “crypto scammer” to his ever-expanding resume.

Last week, the artist launched a memecoin, $YZY, which briefly soared in value before crashing. According to one X user’s analysis, more than 50,000 investors lost anywhere from hundreds of dollars to hundreds of thousands. Only 5 made more than $1M. You know what they say. $YZY come, $YZY go.

It’s just not a Ye thing, though. Many rappers have launched memecoins. Let’s just say they should stick to music.

— Brooks & Cas

The economic outlook was looking bleak last week, until investors heard those two magic words: rate cut.

During Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium on Friday, America’s lead banker admitted that a change in the Fed’s current policy stance may be warranted.

Allow us to translate: an interest rate cut is almost definitely coming in September. It’s just a matter of how big.

Stocks rallied sharply on Friday after Powell’s speech, breaking a 5-day losing streak. All told, the Dow Jones ended the week up 1.52%, the S&P 500 rose 0.27%, and the Nasdaq Composite fell by 0.58%.

Next week, all eyes will be on the release of the US GDP growth rate and core PCE price index.

The US growth rate will reveal if AI has caused growth to spike, if tariffs have caused a slowdown, or if these two mega-trends have more or less canceled each other out.

Meanwhile, the core PCE index will reveal just how much prices (sans food and energy) are rising across the board. As the Fed’s most closely watched inflation gauge, it could provide the final piece to the September rate cut puzzle.

Other key reports to watch out for include new home sales, durable goods orders, the Case-Shiller Home Price Index, the US trade balance, and personal income/spending.

Institutional investors back startups to unlock outsized returns. Meanwhile, regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? That’s worth $1+ million, up 89,900%. No wonder thousands are taking the chance on Pacaso. 

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay also backed Pacaso. 

And you can join them as an early-stage investor for just $2.90/share. 

Just don’t wait. Pacaso’s opportunity officially ends September 18.

This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals. Past performance is not indicative of future results. Comparisons to other companies are for informational purposes only and should not imply similar success.

Target’s $TGT ( ▼ 1.05% ) new CEO is not just an internal hire, but a former intern.

In today’s era of quiet quitting and job hopping, it’s a nice reminder that company commitment can still pay off.

…or that Mr. Fiddelke has serious dirt on someone.

Cracker Barrel $CBRL ( ▲ 6.35% ) rolled out a new minimalistic logo, plus a more modern redesign of its stores. Bold strategy from a brand built almost entirely on nostalgia.

It seemed as if Bed, Bath, & Beyond — newly back from the dead — was going to take a dramatic political stance by refusing to operate in California.

Some heated tweets were exchanged.

But after reading past the headlines, it turns out BB&B is still operating a full online delivery business in CA, just not any brick-and-mortar stores.

Considering how well physical stores worked out the last time, they might consider the same strategy for every state.

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VC firms that backed Uber, Venmo, and eBay also invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.

And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.

Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.

And you can join them as an early-stage investor for just $2.90/share. 

Just don’t wait. Pacaso’s opportunity officially ends September 18.

This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals. Past performance is not indicative of future results. Comparisons to other companies are for informational purposes only and should not imply similar success.

A recent MIT study revealed that 95% of organizations are seeing 0% ROI from AI investments.

If you were a CEO right now, what would you do?

Google $GOOGL ( ▼ 0.65% ) released the Pixel 10 on Friday, unveiling a ton of AI-powered features.

Shortly after, Apple $AAPL ( ▲ 0.95% ) responded by… borrowing Google’s LLM (Gemini) to power Siri.

Tim Cook cracked it! That’s exactly what the iPhone’s flagging user base wants: an Android.