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Unusual Whales

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

California spent $24 billion to tackle homelessness over the past five years but didn't consistently track whether the huge outlay of public money actually improved the situation

California spent $24 billion to tackle homelessness over the past five years but didn't consistently track whether the huge outlay of public money actually improved the situation. With makeshift shelters lining the streets, disrupting businesses in cities and towns across California, homelessness has become a major issue in
2 min read

Jerome Powell just now: “The recent data have clearly not given us greater confidence and instead indicate that it is likely to take longer than expected to achieve that confidence”

Federal Reserve Chair Jerome Powell suggested on Tuesday that interest rate cuts may not happen as quickly as previously anticipated, citing a "lack of progress" in cooling inflation this year. Why it matters: Powell's comments indicate that the Fed could maintain the current, two-decade high level
1 min read