jpmorgan

JPMorgan CEO wants regulators to look at short-selling ban on banks

Per Bloomberg Recently, JPMorgan CEO Jamie Dimon went on Bloomberg Radio to discuss his thoughts on a short-selling ban. He specifically commented on a short-selling ban on banks and said that regulators should look into it. When asked whether regulators should look at short-sellers of banks, the

fdic

FDIC announcement says big banks to pick up the bill and pay extra fees to cover failure of SVB

Per Bloomberg The Federal Deposit Insurance Corp. just announced that big banks would have to pay extra FDIC fees in order for the failure of SVB to be covered. This would be true for banks with over $50 billion in assets, as the FDIC says they would have to "

About 67% of millennials who want to own a home at some point in their lives have no money saved for a down payment and 18% have less than $10,000

About 67% of millennials who want to own a home at some point in their lives have no money saved for a down payment and 18% have less than $10,000, per Bloomberg. Meanwhile, 39% of Americans say they’ve skipped meals to make housing payments, per Clever Real Estate

Robinhood to offer 24/5 hr trading

Robinhood Markets, known for its app and PFOF, has announced that it will soon enable its users to trade Tesla shares at any hour of the day. On Wednesday, Robinhood revealed plans to introduce 24-hour trading for selected stocks and exchange-traded funds (ETFs) throughout the week. This initiative

research

How Elon Musk Influences Crypto: A Deep Dive Report

From 2021 12 01 TL;DR * Elon’s tweets have been found to move $TSLA * Historically, his viral meme tweets yield higher short term returns than his tweets specifically mentioning the coins * His tweets coincide with higher volume within the first 3 days of the tweet * Building a crypto investment

research

The Pelosi Portfolio

From 2021 There’s been intense interest in Nancy Pelosi’s financial disclosures for a long time. Whether it’s her family’s wealth, her district’s proximity to Silicon Valley, her partner Paul’s business dealings, or her long tenure in Congress, the general consensus is that her family

research

Who watches the Fed? No one.

From 2021. Over the past month, we’ve witnessed gross conflicts of interest come to light at the Federal Reserve System (the “Fed”). High-ranking officials like Jerome Powell, Rich Clarida, Rob Kaplan and Eric Rosengren have been caught trading securities while fulfilling the Fed’s main purpose of providing

research

Chamath Versus Everyone: Concerning performance of the King and his SPACs

At Unusual Whales, there’s a feature that tracks Furus and the stocks they mention. In this report, we’ll take a deeper dive into the SPAC King: Chamath PalihapitiyaTLDR: * Judging by reported yearly returns, Chamath’s SPACs performed SPACtacularly in 2020 during the bull market. * However, 2021 has been

research

David Portnoy Versus Everyone: An investing study of the fintwit celebrity

From 2021 At Unusual Whales, there’s a feature that tracks Furus and the stocks they mention. In this report, we’ll take a deeper dive into the self-proclaimed Furu: Dave Portnoy aka @stoolpresidente aka the founder of Barstool Sports.Fresh off the heels of Penn National Gaming buying

research

Congressional Trading in COVID-19 Vaccine Stocks

From 2021 In previous reports, Unusual Whales has shown that elected officials often trade in sectors that they legislate in. They are privy to non-public information through the committee positions they hold while in office. Even if not acted upon, there is a perceived advantage over regular folks like

indeed

Indeed data shows a 55.4% decline in software development job postings compared to a year ago

Per Hiring Lab The recent Indeed Hiring Lab posted a Q1, 2023 report that showed how there was a 55.4% decline when it came to software development job postings compared to a year ago. In total, the Indeed site reported that they saw a 15% YoY drop in job

cpi

CPI drops to 4.9% YoY in April, just 0.1% off of expectations

Per CNBC The consumer price index (CPI) has reached its lowest annual pace since April 2021, dropping to 4.9% year-over-year in April. This resulted in it being just 0.1% off compared to initial expectations. A recent Labor Department report shared how the CPI increase was in

gop

Majority of GOP voters support a TikTok ban, with only 33% of Democrats in favor

Per WSJ A new report by WSJ shows that the majority of GOP voters were supportive of a TikTok ban. However, only 33% of Democrats were in favor, bringing the tally to nearly half of US voters supportive of the ban. Per the report, the imposing of a TikTok ban

new york

New York and California taxpayers moving to other states during Covid cost the two over $90 billion in income

Per CNBC As the pandemic happened, many people started evaluating their living conditions, with some deciding to move to a different state. During Covid, New York City and California reportedly suffered as they lost over $90 billion in income as these taxpayers moved. There were many reasons why some people

metaverse

Metaverse could contribute $760 billion, resulting in 2.4% of the US GDP by 2035

Per Reuters Despite Meta's Mark Zuckerberg mentioning the metaverse less in recent talks, a study they commissioned showed that it could still result in a significant chunk of the US GDP. By 2035, the study estimates that it could contribute $760 billion, which would be equal to 2.

Mark Zuckerberg of $META has won gold in his first Brazilian Jiu Jitsu tournament over the weekend.

Mark Zuckerberg, the founder of Facebook and Meta, has added a new accomplishment to his list: becoming a medalist in martial arts. In a surprising turn of events, Zuckerberg won gold and silver medals at his debut Brazilian jiu-jitsu tournament in Redwood City, California. This unexpected victory has taken

Tucker Carlson to launch his show on Twitter

Tucker Carlson, the former Fox News presenter, has revealed plans to debut a new program on Twitter. The announcement came via a video on the social media site, two weeks following his departure from Fox News. In his video, Carlson emphasized, "A free society cannot exist unless individuals are

Mark Zuckerberg of $META has won gold in his first Brazilian Jiu Jitsu tournament over the weekend

Mark Zuckerberg of $META has won gold in his first Brazilian Jiu Jitsu tournament over the weekend. Meta CEO Mark Zuckerberg won two medals in a Brazilian Jiu-Jitsu tournament held at a Silicon Valley high school Saturday, adding to the tech leader’s vast array of extracurricular activities. The

Yellen is calling CEOs personally to warn on US debt ceiling

Yellen is calling CEOs personally to warn on US debt ceiling, per  Reuters. Yesterdya, the National Association of Government Employees (NAGE) have decided to come together and sue US President Biden and Treasury Secretary Janet Yellen should political talks on national debt ceiling raises fail. These US gov't

Tucker Carlson to launch his show on Twitter

Tucker Carlson to launch his show on Twitter. In a video he said: “Speech is the fundamental pre-requisite for democracy. That’s why it was enshrined in the first of our Constitutional amendments,” Carlson said. “Amazingly, as of tonight, there are not that many platforms left that allow free

Donald Trump has been found liable of sexual assault, but not rape, in the Jean Carroll suit

Donald Trump has been found liable of sexual assault, but not rape, in the Jean Carroll suit, per Reuters. The jury awarded her $5 million in damages for her battery and defamation claims. Asked on its verdict sheet whether Carroll, 79, had proven “by a preponderance of the evidence” that

ChatGPT is reportedly largely powered contractors making $15 an hour

ChatGPT is reportedly largely powered contractors making $15 an hour, per NBC News. Meanwhile, the finance industry is witnessing the emergence of academic research that applies ChatGPT, an artificial intelligence (AI) chatbot, to finance-related tasks. Early results indicate that the technology lives up to its hype. Two recent studies

biden

NAGE union workers sue Biden and Yellen to continue borrowing should the national debt ceiling raise fail

Per Bloomberg The National Association of Government Employees (NAGE) have decided to come together and sue US President Biden and Treasury Secretary Janet Yellen should political talks on national debt ceiling raises fail. These US gov't employees asked a federal judge to order Yellen to continue borrowing to

shaq

Shaq tries to dismiss the FTX lawsuit citing how the summon papers were "tossed" at his moving car

Per BI Shaquille O'Neal was among some of the most popular celebrities that were also caught up in legal issues due to their promotion of FTX. The former NBA player is now trying to dismiss the FTX lawsuit, citing how the summon papers were "tossed" at

twitter

Twitter wins two lawsuits regarding mass layoffs targeting women

Per Reuters Since Elon Musk's $44 billion acquisition of Twitter, the CEO has been making drastic moves like laying off most of the company's staff. Now, the social platform has just won two lawsuits it received regarding the mass layoffs. With the company's sudden