Unusual Whales

"A significant tax incentive is scheduled to expire in 2025, with many wealthy parents rushing to transfer their assets to their children," per YF

"A significant tax incentive is scheduled to expire in 2025, with many wealthy parents rushing to transfer their assets to their children," per YF. With a major tax incentive set to expire in 2025, many wealthy parents are hurrying to transfer assets to their children, driven by concerns

86% of U.S. workers with education debt said their degree wasn’t worth the toll that student loans has had on their overall well-being

86% of U.S. workers with education debt said their degree wasn’t worth the toll that student loans has had on their overall well-being. Further, 53% of workers said that knowing they would incur additional debt has prevented them from pursuing more education, per CNBC. Over two-thirds

Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work

"Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work," per BI. "Most importantly, the baby boom generation has started to retire with a record $76 trillion in net worth," he wrote for the

New York Mayor Eric Adams pleads not guilty in corruption case

New York Mayor Eric Adams pleads not guilty in corruption case. New York City’s embattled mayor, Eric Adams, pleaded not guilty on Friday to federal corruption charges, following allegations that he used his position to obtain free trips, luxury hotel stays, and questionable campaign donations. Adams faces charges of

Costco, $COST, has responded to the Sean Diddy Combs story and said "none of the company's US locations carry baby oil."

Costco is refuting a claim made by Sean “Diddy” Combs’ lawyer that the rapper’s extensive baby oil collection was sourced from their stores. The statement came after US attorneys alleged they discovered 1,000 bottles of baby oil at Combs' mansions, which they claim were used during “freak

China says it will give one-off cash handouts to people in extreme poverty

China’s government has announced a rare, one-time cash handout for citizens living in extreme poverty, following a broader package of measures aimed at reviving the country’s struggling economy. The Ministry of Civil Affairs stated on Wednesday (Sept 25) that subsidies will be distributed to vulnerable groups, including

Nearly half of remote workers multitask on work calls or complete household chores like unloading the dishwasher or doing a load of laundry

Nearly half of remote workers multitask on work calls or complete household chores like unloading the dishwasher or doing a load of laundry. A third of remote workers use the flexibility of working from home to run errands, such as going to the grocery store or picking up dry cleaning.

“If Harris was elected [I] would pull my money from the market. I’d go into cash, and I’d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and lower markets"

“If Harris was elected [I] would pull my money from the market. I’d go into cash, and I’d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and lower markets." A recent analysis by

The US has approved an additional $8 billion in military aid to Ukraine today

President Joe Biden announced over $8 billion in military aid for Ukraine on Thursday, aimed at helping Kyiv defend against Russian forces. The announcement was made during a visit by Ukrainian President Volodymyr Zelenskiy, marking a significant U.S. commitment to Ukraine's defense. Included in the aid package

President Trump is promoting a new watch collection with watches selling for as much as $100,000 each

The Trump Watch website showcases its most luxurious timepiece—the $100,000 Trump Victory Tourbillon—as being "crafted almost entirely from 18-carat gold and adorned with 122 diamonds." With gold priced around $85.75 per gram as of Thursday morning, the watch’s "approximately 200 grams

NYC Mayor allegedly defrauded New York City out of $10 million in public funds

NYC Mayor allegedly defrauded New York City out of $10 million in public funds. New York Mayor Eric Adams has been indicted by a federal grand jury on still-sealed charges, according to sources familiar with the situation. Adams is now the first sitting mayor in New York City’s

Sean ‘Diddy’ Combs’ lawyer has reportedly blamed Costco, $COST, for 1,000 bottles of baby oil

Sean "Diddy" Combs' lawyer has a straightforward explanation for the rapper’s large stockpile of baby oil: he buys in bulk. Marc Agnifilo, Combs’ attorney, addressed the claims surrounding the hip-hop mogul’s arrest and the federal prosecutors’ assertion that Homeland Security found 1,000 bottles

NYC Mayor Eric Adams has been indicted by a grand jury on charges connected to a federal probe

New York Mayor Eric Adams has been indicted by a federal grand jury on still-sealed charges, according to sources familiar with the situation. Adams is now the first sitting mayor in New York City’s history to face an indictment. Should he resign, the city's public advocate,

A Trump win would be better for stocks than Harris, per Bloomberg

A Kamala Harris victory in November’s U.S. presidential election is viewed as more favorable for Treasuries and less beneficial for stocks compared to a win for Donald Trump, according to a Bloomberg Terminal subscriber survey. Half of the survey participants indicated they would increase their equity exposure if

52% of Americas said they’d find it either very difficult (25%) or somewhat difficult (27%) to come up with $1,000 in cash to handle an unexpected expense

Many Americans have long faced challenges in building emergency savings, and the recent impact of high inflation and rising interest rates, following the COVID-19 pandemic, has only added to these difficulties, making it harder for people to feel secure about their savings. According to a new Bankrate poll, nearly

Kamala Harris says she promises to grow "AI and digital assets" if elected

Kamala Harris pledged that, if elected as the next U.S. president, her administration would focus on promoting the growth of digital assets and artificial intelligence (AI). Speaking at a Wall Street fundraiser in Manhattan, she stated, “We will work together to invest in America’s competitiveness and future. We

OpenAI is planning to no longer be a nonprofit

OpenAI, the company behind ChatGPT, is planning to restructure its business into a for-profit benefit corporation, no longer under the control of its non-profit board, according to sources familiar with the situation. This change is aimed at making OpenAI more appealing to investors. While the non-profit will

Austin, Texas once America's hottest housing market, but now home prices have fallen more than anywhere else

The once-booming pandemic housing market in Austin, Texas, is still seeing sellers reduce their asking prices by as much as 30%, as the city continues to recover from the significant downturn of recent years. A newly built, three-bedroom, three-bathroom house on New York Avenue, Austin, was listed

Hackers linked to the Chinese government have broken into U.S. internet-service providers

Hackers linked to the Chinese government have broken into U.S. internet-service providers, per WSJ Officials said they had disrupted a network of more than 200,000 routers, cameras and other internet-connected consumer devices that served as an entry point into U.S. networks he FBI has used

One of every five hotels in NYC a shelter, contributing to a shortage of tourist lodging, with hotel rooms costing an all time high per night

Dozens of hotels, from once-grand facilities to more modest establishments, closed to tourists and began exclusively sheltering migrants, striking multimillion-dollar deals with the city. The humanitarian crisis became the hotel industry’s unexpected lifeline in New York; the hotels became a safe haven for tens of thousands of

Russian president putin has just said: We reserve the right to use nuclear weapons in case of aggression against Russia and Belarus

Russian president putin has just said: We reserve the right to use nuclear weapons in case of aggression against russia and belarus. In a recent televised meeting with security officials on Wednesday, September 25, Russian President Vladimir Putin proposed revisions to Russia's nuclear deterrence doctrine, a change that

President Biden has said on ABC that an all out war is possible

U.S. President Joe Biden stated on Wednesday that while an all-out war in the Middle East is possible, there is also a chance for a settlement in Israel's conflicts with Gaza and Hezbollah, the Iran-backed group in Lebanon. Speaking on ABC's "The

Caroline Ellison guilty and most forfeit 11 billion

Caroline Ellison has been sentenced to two years in prison for her involvement in the collapse of the cryptocurrency exchange FTX, one of the largest financial frauds in U.S. history. Ellison, a top executive at FTX and the former girlfriend of its founder, Sam Bankman-Fried, played a key

The U.S. government will spend a record $1.2 trillion on interest payments in 2024, the highest amount ever recorded

For the first time ever, the U.S. government has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, according to a report released Thursday by the Treasury Department. With the Federal Reserve keeping benchmark interest rates at their highest level in

'We're only in 1996': The AI boom is still in its earliest days, according to Bank of America

Bank of America believes the artificial intelligence boom is still in its infancy, comparing it to the internet's early days in the 1990s. While some skepticism has emerged after a surge of investor interest, the bank sees AI as following a similar path to that of the internet,