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- Tech Titans Tackle SF's Revitalization 🌆
Tech Titans Tackle SF's Revitalization 🌆
Ryan Serkes
March 21, 2025
The
Daily Trade
Hey Daily Traders,
San Francisco's tech giants are stepping up to rejuvenate the city under Mayor Daniel Lurie's leadership. With the Partnership for San Francisco initiative, industry leaders like Laurene Powell Jobs are tackling urban challenges, aiming to revitalize the city despite concerns over tech influence in politics.
Meanwhile, the Boston Celtics have sold for a record $6.1 billion, showcasing the soaring financial value of sports franchises. This sale, led by William Chisholm, underscores the cultural and economic significance of sports teams, as new ownership looks to blend tradition with innovation.
Here's what's happening today:
- 🌆 Tech giants join SF mayor to revive city.
- 🏀 Celtics sold for record $6.1 billion.
- 🏗️ Cleveland's Warner & Swasey gets redevelopment boost.
- 📉 Benson Hill seeks bankruptcy protection.
- đź‘• J.Crew partners with US Ski & Snowboard.
Question
Do you think San Francisco's collaboration with tech leaders will effectively address the city's challenges, or could it lead to an over-reliance on tech interests in urban policy?
Reply to this email with your answer
Real Estate San Francisco's new mayor, Daniel Lurie, has enlisted the help of top tech CEOs and industry leaders to aid in the city's recovery from its pandemic-era decline. The initiative, known as the Partnership for San Francisco, includes influential figures such as Laurene Powell Jobs and Ruth Porat, aiming to address issues like homelessness and crime while revitalizing downtown. The collaboration marks a significant gathering of private-sector executives, reminiscent of past efforts to uplift the city after major events like the Loma Prieta earthquake. Lurie, who has a background in affordable housing, ran for mayor as an outsider promising to make City Hall more business-friendly. His connections with powerful tech and corporate executives, however, have raised concerns among progressive voters about the growing influence of tech interests in city politics. Despite the potential risks, Lurie and his allies believe that this diverse coalition of business leaders can bring about meaningful change and help San Francisco reach a turning point in its recovery. Key Takeaway
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Stock Market  The Boston Celtics, the reigning NBA champions, have been sold to a group led by private equity mogul William Chisholm for a record $6.1 billion. This transaction marks the highest price ever paid for an American professional sports team, surpassing the previous record set by the sale of the Washington Commanders. Chisholm, a lifelong Celtics fan, plans to maintain the team's legacy while fostering community engagement and success on the court. The sale, pending approval by the NBA's board of governors, highlights the growing financial value of sports franchises, particularly those with a storied history like the Celtics. The new ownership group, which includes local businessmen, aims to continue the team's tradition of excellence while embracing new opportunities for growth and innovation. This acquisition underscores the increasing demand and investment in sports teams, reflecting their cultural and economic significance. Key Takeaway
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Real Estate  The historic Warner & Swasey complex in Cleveland is poised for a major redevelopment as the Cleveland Planning Commission is expected to approve demolition plans for portions of the site. The project, led by Philadelphia-based developer Pennrose, aims to convert the century-old factory complex into a mixed-use building. This $52 million overhaul will include 112 new residential units, commercial space, and various upgrades, breathing new life into the MidTown neighborhood. The redevelopment of the Warner & Swasey complex represents a significant step forward for one of Cleveland's most challenging projects. With demolition set to begin this summer and construction in the fall, the project promises to revitalize the area and provide much-needed housing and amenities. Supported by low-income tax credits and state and federal historic tax credits, this initiative is crucial for the economic and social rejuvenation of the community. Key Takeaway
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Stock Market  Benson Hill, once a promising food tech company with a billion-dollar valuation, has filed for Chapter 11 bankruptcy relief. The company, known for its innovative seed technology, has faced financial challenges since its public debut in 2021. Despite efforts to transform its business model, including cost reductions and asset divestitures, Benson Hill has struggled to stay afloat amidst industry challenges and financial constraints. Under Chapter 11, Benson Hill aims to sell its assets while continuing to support its partners and customers. The move highlights the difficulties faced by companies in the ag-tech sector, where rapid innovation and market volatility can create significant financial pressures. This development underscores the importance of strategic financial management and adaptability in a competitive industry. Key Takeaway
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Stock Market  U.S. Ski & Snowboard has announced a three-year partnership with retailer J.Crew to create a new line of lifestyle apparel. The collaboration will feature vintage-inspired, mountain-themed clothing, including pullovers, loungewear, and cold-weather accessories. This partnership aims to broaden the organization's reach into the lifestyle and après-ski space, while J.Crew will have a presence at major events leading up to the 2026 Milan-Cortina Olympics. The partnership between U.S. Ski & Snowboard and J.Crew represents a strategic move to engage new audiences and expand the brand's appeal beyond the slopes. By tapping into the growing interest in mountain lifestyle and adventure, the collaboration seeks to connect with a wider audience and celebrate the stories of athletes. This initiative reflects the increasing intersection of sports, lifestyle, and fashion, creating opportunities for brand growth and consumer engagement. Key Takeaway
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Today's Technical Analysis
RSI Sell | MFI Hold | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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