here's why

CALM Stock Plunged: Here's What Happened

The Situation Cal-Maine Foods Inc (NASDAQ: CALM) shares – a fresh egg producer selling mostly in the mid-Atlantic, southwest, east-west, and midwest states – plunged on Thursday after the company reported Q2 profits that missed estimates. As of 1:50 PM ET, Cal-Maine shares dropped by 13.79%. The Explanation Cal-Maine Foods

taiwan

Taiwan Could Buy Anti-Tank Systems from the U.S. for $180 Million After State Department Approves Sale

Per Reuters Taiwan can now buy anti-tank systems from the United States while China is ramping up its military, diplomatic, and economic pressure on the country. The Pentagon announced that they approved the possible sale of Volcano anti-tank mine-laying systems. The U.S. State Department gave the authorization of a

milan

Two Flights to Milan from China Showed Almost Half of the Passengers were Positive for COVID-19

Per Bloomberg Despite China's zero-COVID policies, two flights to Milan resulted in plenty of passengers testing positive for the virus. The authorities reported that over half of the passengers had the virus. While the rest of the world has loosened its COVID restrictions, China's tightening of

Cathie Woods

Cathie Wood Buys Additional Tesla Shares with Valuation Over $2 Million

As Tesla shares are down 69.53%, but this included a jump of 8.10% as of press time as ARK Investment's Cathie Wood buys up 17,960 shares. Woods has remained bullish on Elon Musk's EV company and now holds a sizeable amount of TSLA

The US Virgin Islands is suing JPMorgan, $JPM, for “turning a blind eye” to former client Jeffrey Epstein’s sex-trafficking on his private island there

Per Bloomberg: The US Virgin Islands is suing JPMorgan for “turning a blind eye” to former client Jeffrey Epstein’s sex-trafficking on his private island there. Virgin Islands Attorney General Denise George said in a complaint filed in a Manhattan District Court that JPMorgan Chase facilitated the trafficking of minors

SBF to reportedly enter plea deal next week, per Reuters.

Per Reuters: Sam Bankman-Fried is reportedly expected to enter a plea next week to defrauding investors and stole billions of dollars in customer funds in FTX. DOJ, SEC and others have reportedly stated that SBF have "epic proportions"  by allegedly using customer deposits to support his Alameda Research

US has announced Covid-19 tests for China

Three years after the pandemic began, the US will require travellers from China to submit a negative Covid-19 test beginning on January 5th 2023. China has said its Covid infections are 'predictable and under control'. However, China is likely seeing 1 million Covid cases and 5,000 deaths

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HOFVW Stock Spiked: Here's What Happened

The Situation Hall of Fame Resort & Entertainment Co (NASDAQ: HOFVW) shares – a sports, entertainment, and media enterprise – spiked on Wednesday after the company completed its reverse stock split to raise its price. As of 1:00 PM ET, Hall of Fame shares spiked by 50.33%. The Explanation Hall

ukraine

Ukraine's Zelenskyy and Blackrock CEO Agree to Coordinate an Investment in the Country

Per CNBC Ukraine's President and BlackRock's CEO have both agreed to coordinate investments in the country. This comes just a week after Ukraine President Zelenskyy met with US President Joe Biden as he visited Washington, D.C. Blackrock CEO Larry Fink and Volodymyr Zelenskyy entered into

congress

Youngest Congress Member Aged 25 Says He was Rejected for an Apartment Because of Poor Credit History

Per NYT The youngest member of Congress, 25-year-old Maxwell Frost says that he shares a problem a lot of other Gen Zers struggle with in this modern age. The representative-elect said that he struggles to rent an apartment and was even rejected due to his poor credit score. Getting rejected

kraken

US-Based Kraken to Stop Japan Operations Deregistering on Jan 31

Per Reuters Kraken is stopping its operations in Japan next month and will deregister from the Financial Services Agency (JFSA) as of Jan 31. The crypto exchange assures users that they can still withdraw their assets. Just last month, Kraken announced that it would cut its workforce by 30%. This

Sam Bankman-Fried family pays $10K a week for armed security

Sam Bankman-Fried family pays $10K a week for armed security, per NYP. This is to surround and protect the family home where Joseph Bankman and Barbara Fried are living with SBF. SBF was granted home arrest while posting $250M bail with parent's house as collateral, per NYP. Reportedly,

Elon Musk has said that Twitter is "open to the idea" of buying Substack

In a response to WSS on Twitter, Elon Musk has said that Twitter is "open to the idea" of buying Substack. Previously Elon had reported that Twitter will end its use with Revue. He has previously stated this before.  On Dec 9,  a user said to Elon: "

here's why

COSM Stock Plunged: Here's What Happened

The Situation Cosmos Health Inc (NASDAQ: COSM) shares – a global healthcare group with proprietary lines of nutraceuticals and distribution of pharmaceuticals – plunged on Tuesday after the company announced the results of its settlement agreement. As of 11:30 PM ET, Cosmos shares dropped by 11.18%. The Explanation Cosmos Health

southwest airlines

70% of Flights were Cancelled on Monday by Southwest Airlines

As people are trying to get home during the holidays, Southwest Airlines has cancelled 70% of flights citing winter weather as a reason why flights are cancelled. The company plans to fly a third of its flights as the situation gets better. The Airlines released an official apology regarding the

inflation

15-Year-High Interest Rates Result in Americans Sinking Deeper Holes with Poor Loan Terms

Per Bloomberg As interest rates reach a 15-year-high, Americans are now forced to agree to unfavorable loan terms. Almost a third of car buyers are now taking six- to seven-year loans to help them afford the purchase. Ludwig Institute for Shared Economic Prosperity economist Philip Cornell gave a statement regarding

twitter files

Twitter Files Reveal How Expert Opinions Contrasting the CDC were Censored Under Both Administrations

Per David Zweig on Twitter Since Elon Musk's $44 billion acquisition of Twitter, one push made by the billionaire was to forward free speech and reveal the mistakes of how the social platform was handled before his takeover. Musk launched a series of "Twitter Files," a

biden

Biden Expects Lower Christmas Costs This Year Compared to Last

The President of the United States announced that individuals would have to spend less on gas this year compared to last year. This is as the price of gas rose to $3.40 by December 2021 before going back to $3.23, per Ycharts. The rising gas prices have been

uk

1.9 Million UK Households Missed Payments or Defaulted on at Least One Mortgage Leading to Christmas

Per Yahoo! News Leading to Christmas, more UK households have either missed payments or have defaulted on at least one mortgage. The data came from a survey by Which? involving 2,000 participants to come up with the estimation. Per the survey, they found that 6.7% were unable to

China

China Hits Record Quarter Billion Covid Cases in Last 18 Days

Per FT China has hit new heights when it comes to Covid cases, reaching a quarter billion confirmed ones in the last 20 days. In total, numbers report that 18% of the population was affected by the virus. The estimate says that in the last 20 days, 18% of the

Elon Musk requested staff get

Per the Washington Post: Elon Musk sent a Signal message ordering his staff to aid in the Twitter Files: "please give Bari [Weiss] full access to everything at Twitter. No limits at all," per the Washington Post. IT reportedly staff refused to onboard Weiss,  per Washington Post, worried

The judge assigned to oversee the criminal trial of Sam Bankman-Fried recused herself from the case late yesterday, citing a potential conflict of interest stemming from the fact that her husband’s law firm previously advised FTX

The judge assigned to oversee the criminal trial of Sam Bankman-Fried recused herself from the case late yesterday, citing a potential conflict of interest stemming from the fact that her husband’s law firm previously advised FTX. Federal judge Ronnie Abrams of the US District Court for the Southern District

avo

AVO Stock Plunged: Here's What Happened

The Situation Mission Produce Inc (NASDAQ: AVO) shares – a worldwide avocado distributor and marketing business – plunged on Friday as the company announced Q4 results. As of 12:30 PM ET, Mission Produce Inc shares dropped by 14.72%. The Explanation Mission Produce Inc officially went public on Sep 2020, reaching

millennials

95% of Millennials Want to Buy a Home but Fear They Can't Afford It

Per Bloomberg Shortly after the pandemic brought bidding wars among buyers to purchase a home in an under-supplied market, the situation worsened for first-time buyers as interest rates started to hike. While some buyers could take advantage of the historically low mortgage rates, others were left behind and now struggle

prince alwaleed

Second Largest Twitter Investor, Prince Alwaleed, Rolled Over $1.89 Billion in Shares to Elon Musk

Per LiveMint After previously rejecting Elon Musk's offer to purchase Twitter at $54.20 a share, Saudi Prince Alwaleed bin Talal Al Saud is the second largest owner of the now private social platform. Per the Saudi Prince, Musk's initial offer to purchase Twitter wasn'