Social Security now expected to run short on funds in 2035, one year later than previously projected

Social Security now expected to run short on funds in 2035, one year later than previously projected. Social Security is now projected to face a shortfall in funds by 2035, a year later than previously estimated. O’Malley, who took the helm of the agency in December, called on Congress

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ISHARES MSCI EAFE ETF (EFA) stock volume breakdown

Unusual Options Activity and Flow in ISHARES MSCI EAFE ETF (EFA) Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for ISHARES MSCI EAFE ETF (EFA). Here are the options volume by expiry currently for

Rue 21 will close all of its 540 stores after filing for bankruptcy for the third time

Rue21, known for its teen apparel, is set to shut down all 540 of its stores nationwide, as reported by Reuters based on court filings submitted last Thursday. Having filed for bankruptcy twice before, the fashion chain attempted to find a buyer but ultimately decided to close its doors. Rue21

Citigroup, $C, expects the US Federal Reserve to start cutting interest rates in July versus June expected earlier

Citigroup, $C, expects the US Federal Reserve to start cutting interest rates in July versus June expected earlier. Economists at Citigroup Inc. are taking a contrarian stance, disagreeing with the prevailing sentiment on Wall Street regarding the Federal Reserve's actions. Despite recent inflation readings coming in slightly higher

The Fall Guy," a $125 million production, brought in just $28.5 million in its domestic box-office debut this weekend

Comcast Corp.’s Universal Pictures' $125 million production brought in just $28.5 million in its domestic box office debut this weekend. Despite a few blockbuster hits in recent years, such as 2023’s Barbie and Oppenheimer, or 2022’s Avatar: The Way of Water, ticket sales have stubbornly

Amazon, $AMZN, says more packages are arriving in a day or less

Amazon has announced its commitment to delivering even more packages to customers in one day or less, a metric that the e-commerce giant is highlighting as it faces increased competition in the online shopping sector. According to the company, nearly 60% of orders placed through Prime in the top 60

"U.S. inflation is re-accelerating and interest rate cuts are off the table "for the foreseeable future," Regan Capital's Skyler Weinand has said

In March, inflation exceeded expectations, primarily due to rising housing and energy costs, according to the Labor Department's report on Wednesday. The consumer price index (CPI) showed a monthly increase of 0.4%, matching February's rate and surpassing the anticipated 0.3% rise. Annually, the CPI

Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade

A recent analysis by Morningstar estimates that Cathie Wood's Ark Invest has erased around $14.3 billion in wealth over the past decade. Ark Invest gained significant popularity in 2020 and 2021 due to its concentrated bets on speculative technology companies, which benefited from low interest rates and

The number of Indians immigrating to Canada has more than quadrupled since 2013

The number of Indian students choosing Canadian universities over U.S. institutions has quadrupled since 2013, primarily due to Canada's more favorable immigration policies. These policies, designed to attract and retain talent, have resulted in a significant increase in Indian immigration to Canada. However, recent diplomatic tensions between

Nearly 4 in 10 renters in a new nationwide survey say they don’t believe they’ll ever own a home, up nearly a quarter from less than a year ago

Nearly 4 in 10 renters in a new nationwide survey say they don’t believe they’ll ever own a home, up nearly a quarter from less than a year ago, per MSN. The combination of soaring home prices and mortgage rates continues to deter Americans from purchasing homes, with

Hamas says it accepts ceasefire proposal of Egypt, Qatar

Hamas says it accepts ceasefire proposal of Egypt, Qatar, per AP. Hamas, classified as a terrorist organization by various countries and international bodies such as the United States, the European Union, Israel, Canada, and Japan, has been at the center of conflict and negotiations in the Middle East. The group&

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Checkout the unusual options flow happening with DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES (SOXL)

Unusual Options Activity and Flow in DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES (SOXL) Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES (SOXL). Here are the options volume

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Here's the options activity for STARBUCKS CORP (SBUX)

Unusual Options Activity and Flow in STARBUCKS CORP (SBUX) Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for STARBUCKS CORP (SBUX). Here are the options volume by expiry currently for SBUX: Here are the

"If we send a check like we did last year... and if 800 other companies had done the same thing, no other person in the United States would have had to pay a dime in federal taxed," Warren Buffett said

At Berkshire Hathaway's annual shareholder meeting on Saturday, Warren Buffett reflected on the passing of his longtime partner Charlie Munger and addressed concerns about his own mortality. He reassured investors that a plan was in place and revealed that Greg Abel, his successor, would be responsible for investment

Warren Buffett discussed climate change at the 2024 Berkshire Hathaway annual meeting

At Berkshire Hathaway's annual shareholder meeting on Saturday, Warren Buffett reflected on the passing of his longtime partner Charlie Munger and addressed concerns about his own mortality. He reassured investors that a plan was in place and revealed that Greg Abel, his successor, would be responsible for investment

Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss

Warren Buffett disclosed that he sold off Berkshire Hathaway's entire stake in Paramount, incurring a loss on the investment. "At Berkshire's annual shareholder meeting, Buffett took full responsibility for the decision to sell, stating, 'It was 100% my decision, and we've sold

Sam Altman: I don't care if we burn $50 billion a year, we're building AGI and it's going to be worth it

Sam Altman, CEO of OpenAI, recently appeared on Stanford eCorner's talk and expressed his perspective on the company's financial investments. "Whether we burn $500 million, $5 billion, or $50 billion a year, I don't care. I genuinely don't, as long as

Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion

Berkshire Hathaway announced on Saturday a significant year-over-year increase in operating earnings for the first quarter, with its cash reserves reaching record levels. The conglomerate, led by Warren Buffett, reported an operating profit of $11.22 billion, a 39% increase from the same period last year. This increase was primarily

MicroStrategy, $MSTR, has said that Bitcoin is better than stocks, bonds or gold

MicroStrategy Inc., primarily known for its business-analytics software, shifted its focus to discussing bitcoin extensively during its post-earnings call with analysts. The company adopted bitcoin as its primary treasury reserve asset in 2020. During the prepared remarks session of the post-earnings conference call, the word "bitcoin" was mentioned

Minnesota bankruptcy law firm files for bankruptcy after losing fight with another bankruptcy firm

One of Minnesota's long-standing bankruptcy law firms has filed for Chapter 11 bankruptcy protection following a five-year legal battle with another bankruptcy law firm over allegations of false advertising and "click fraud." LifeBack Law Firm, based in St. Cloud and with eight offices across Minnesota, filed

Jerry Seinfeld has said that "the movie business is over"

In an interview with GQ magazine, Seinfeld discussed his experience directing his first feature film, Unfrosted, expressing admiration for his collaborators' dedication while lamenting the crisis in the film industry. He remarked, "I thought I had done some cool stuff, but it was nothing like the way these

This is Jared Bernstein, the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy, from the documentary: Finding the Money

Well this is unusual. This is Jared Bernstein, the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy, from the documentary: Finding the Money. He seems unable to communicate how the US monetary system works, despite being an advisor on it to the president.

White House will 'make sure gas prices remain affordable' heading into summer, Biden advisor has said

President Joe Biden’s top economic advisor stated Thursday that the White House would ensure gas prices remain affordable, hinting at a potential use of the Strategic Petroleum Reserve (SPR). “We’ll continue to closely monitor, ensuring gas prices remain affordable for many American families as we head into the

Dave & Buster’s, $PLAY, to allow customers to bet on arcade games

Software firm Lucra Sports revealed on Tuesday its collaboration with the entertainment chain Dave & Buster’s, enabling customers to place bets on arcade games through the Dave & Buster’s app. However, some lawmakers are raising objections. Illinois State Rep. Daniel Didech, a Democrat from Buffalo Grove, introduced a

“Housing is in this recession, and the rest of the economy is booming,” Redfin CEO has said

“Housing is in this recession, and the rest of the economy is booming,” Redfin CEO has said. Home prices in the U.S. surged by 6.4% in February compared to a year earlier, outpacing the previous month's 6% annual increase. This marks the fastest growth rate since