Unusual Whales

Following all the market activity, big or small, and reporting on it. Financial journalism isn't dead in the ocean.

Millionaires are flocking back to New York City, as residents earning under $172,000 flee

Millionaires are flocking back to New York City, as residents earning under $172,000 flee, per BI. Read full article: https://www.msn.com/en-ca/money/markets/millionaires-are-flocking-back-to-new-york-city-as-people-making-less-than-172-000-move-out/ar-AA1l4V6z A recent report by the nonprofit Fiscal Policy Institute contradicts the notion that New York City was on the decline, particularly
2 min read

US Senator Elizabeth Warren introduced legislation to address her concerns surrounding the alleged misuse of digital currencies in illicit activities, citing money laundering, drug trafficking, sanctions evasion

Today, Senator Elizabeth Warren of the United States introduced legislation aimed at addressing her concerns regarding the alleged misuse of digital currencies in various illicit activities, including money laundering, drug trafficking, sanctions evasion, and more. The bill, which has garnered support from a coalition within the Banking Committee, represents a
1 min read

A bill has been introduced in the House and Senate that would prevent hedge funds from owning single-family houses in the United States

Democratic legislators in both the U.S. House of Representatives and the U.S. Senate have introduced bills in their respective chambers aiming to prohibit hedge funds from participating in the single-family housing market. They argue that such participation exacerbates supply and affordability challenges. The Senate bill, named the “End
1 min read