Unusual Whales

Peloton’s, PTON, former billionaire CEO says he’s lost all his money and had to sell his possessions after PTON's stock collapse

Peloton was one of the hottest stocks during the pandemic, but as COVID-19 concerns faded, so did the company's fortune. Its former billionaire CEO, John Foley, said his wealth was wiped out as a result. “At one point, I had a lot of money on paper,” Foley, who

It took Wells Fargo, $WFC, 4 days to notice that an employee had died in their cubicle

Around 7 a.m. on a Friday, Denise Prudhomme checked in for her job at Wells Fargo, located in a corporate office in Tempe, Arizona. Four days later, she was found dead at her cubicle. Prudhomme, 60, was pronounced dead by Tempe police on Tuesday, August 20, at 4:55

The average American drops $330,000 on rent before becoming a homeowner

The typical American can expect to spend approximately $333,065 over their lifetime on renting, which includes bills and additional expenses. This averages out to $25,620 per year for renters between the ages of 22 and 35. In Hawaii, the lifetime cost of renting is the highest among all

Nvidia denies DOJ subpoena

Nvidia on Wednesday denied reports that it had received a subpoena from the Department of Justice regarding antitrust concerns. "We have inquired with the U.S. Department of Justice and have not been subpoenaed," a representative from Nvidia told CNBC. "Nonetheless, we are happy to answer any

Kamala Harris is now using Coinbase, $COIN, to accept crypto campaign donations, though it seems more likely it is a PAC

Coinbase executive Alesia Haas may have made an error or been unclear when she stated that Vice President Kamala Harris is accepting crypto donations. At a Citigroup event on Wednesday, Haas was quoted as saying Harris "is accepting donations" and "using Coinbase Commerce to accept crypto for

U.S. judge temporarily blocks Biden legalization program for immigrant spouses of US citizens

A U.S. judge on Wednesday upheld a temporary block on a Biden administration program aimed at legalizing immigrant spouses of U.S. citizens. U.S. District Judge J. Campbell Barker of Texas extended the pause on the program until September 23 to allow time for further legal briefings and

Vice President Kamala Harris has proposed a 28% tax on long-term capital gains for any household with an annual income of $1 million or more

"We will tax capital gains in a way that benefits America’s innovators, founders, and small businesses," the Democratic presidential nominee declared at a rally in North Hampton, New Hampshire. The Wall Street Journal was the first to report on Harris' capital gains tax proposal. Currently, long-term

The SEC has charged six credit rating agencies with "significant recordkeeping failures"

The SEC has charged six credit rating agencies with "significant recordkeeping failures." The Securities and Exchange Commission (SEC) announced today that it has charged six nationally recognized statistical rating organizations (NRSROs) for significant failures in maintaining and preserving electronic communications. These firms admitted to the facts in the

Kamala Harris will propose expanding small business tax deduction to $50,000 from $5,000

Vice President Kamala Harris is set to propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a significant increase from the current relief and part of her economic policy aimed at appealing to middle-class Americans as she campaigns for the presidency, which she announced

Nvidia, NVDA, has received a DOJ subpoena in an escalating antitrust investigation

Nvidia, $NVDA, has received a DOJ subpoena in an escalating antitrust investigation. Antitrust authorities are concerned that Nvidia is making it more difficult for customers to switch to other suppliers and may be penalizing buyers who do not exclusively use its artificial intelligence chips, according to sources who requested anonymity

Finland has unveiled plans for a full ban on property acquisitions by some foreign nationals

Finland has announced plans to implement a complete ban on property purchases by certain foreign nationals due to growing security concerns over acquisitions linked to Russia near critical infrastructure. On Monday, Defense Minister Antti Hakkanen introduced a proposal aimed at preventing Russians from purchasing property in Finland, a Nordic NATO

There is speculation is growing that Intel, $INTC, will be delisted from the Dow Jones Industrial Average as the microchip company’s stock continues to decline

Intel, one of the first two tech companies to join the Dow Jones Industrial Average during the dot-com boom of the late '90s alongside Microsoft, may lose its spot on the prestigious index due to a sharp decline in its stock price. Analysts and investors anticipate Intel's

Volkswagen is cancelling a no-layoffs pledge and won't rule out closing plants in Germany

Volkswagen has warned that due to challenges facing the auto industry, it may be forced to close plants in Germany and abandon a long-standing job protection agreement that has been in place since 1994, which would have prevented layoffs through 2029. "The European automotive industry is in a very

US production has fallen for the first time in seven months

Economic activity in the manufacturing sector continued its decline in August, marking the fifth consecutive month of contraction and the 21st time in the past 22 months, according to the latest Manufacturing ISM® Report On Business®. Timothy R. Fiore, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey

The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported

The Bureau of Labor Statistics' preliminary annual benchmark review indicates that there were 818,000 fewer jobs in March 2024 than initially reported. Each year, the BLS revises data from its monthly payroll survey, adjusting the March employment levels to align with figures from the Quarterly Census of Employment

The median American home is 128 square feet smaller and $125,000 more expensive than it was five years ago

The typical American home is now 128 square feet smaller and $125,000 more expensive than it was five years ago, according to a recent analysis by USA Today Homefront. The research team used data from Realtor.com to analyze changes in listing prices and home sizes across 150 of

Kamala Harris is more trusted than Donald Trump on the US economy

A new poll reveals that more Americans trust Kamala Harris to handle the US economy than Donald Trump, a shift in voter sentiment after President Joe Biden withdrew from the 2024 race. Conducted by the Financial Times and the University of Michigan Ross School of Business, the survey marks the

Brazil Supreme Court orders X/Twitter to be fully suspended in the country immediately

Brazil's highest court has ordered the immediate suspension of X (formerly Twitter) in the country after its owner, Elon Musk, refused to appoint a legal representative for the platform in Brazil. This move escalates a long-standing conflict between Musk and Supreme Court Justice Alexandre de Moraes, who is

Nearly half of Gen Z relies on family financial help, as they face higher daily expenses and lower wages adjusted for inflation compared to their parents

Nearly half of Gen Z relies on family financial help, as they face higher daily expenses and lower wages adjusted for inflation compared to their parents, per Bank of America. The rising cost of living is impacting Generation Z, with nearly half of young adults relying on financial help from

Goldman Sachs, $GS, to lay off over 1,300, up to 4% of workforce

Goldman Sachs (GS.N) is set to lay off over 1,300 employees from its global workforce as part of its annual review process aimed at trimming low performers, according to a report from the Wall Street Journal, which cited sources familiar with the situation. The bank is expected to

The number of 401(k) millionaires has hit an all-time high

The number of 401(k) plan participants with account balances exceeding $1 million reached a record high by the end of June, according to new data from Fidelity Investments. Approximately 497,000 individuals became so-called 401(k) "millionaires" in the second quarter, reflecting a 2.5% increase from

Workers won't accept less than $81,000 for a new job right now,

Workers are increasingly concerned about job security as executives signal plans to replace them with AI, according to a survey by the Federal Reserve Bank of New York. However, despite this growing anxiety, job seekers are not lowering their salary expectations for new roles. The NY Fed survey, conducted every

A record number of buyers backed out of purchase deals in July due to high costs and economic worries

US homebuyers are increasingly backing out of deals as elevated prices continue, causing the supply of available homes to rise. In July, active home listings saw a record 13.7% year-over-year increase, according to a report from Redfin. This spike is largely attributed to a record-breaking 59,000 canceled home-purchase

4.4% of Americas expect to lose their jobs in the near future

Workers are increasingly concerned about job security as executives signal plans to replace them with AI, according to a survey by the Federal Reserve Bank of New York. However, despite this growing anxiety, job seekers are not lowering their salary expectations for new roles. The NY Fed survey, conducted every

Housing supply is surging as a record number of buyers get cold feet amid sky-high prices

US homebuyers are increasingly backing out of deals as elevated prices continue, causing the supply of available homes to rise. In July, active home listings saw a record 13.7% year-over-year increase, according to a report from Redfin. This spike is largely attributed to a record-breaking 59,000 canceled home-purchase