Unusual Whales

Tesla, $TSLA, plans to delay Robotaxi unveiling to October from August

Tesla is delaying the launch of its robotaxi by about two months to October, as the design team was instructed to rework some elements of the car, Bloomberg News reported on Thursday, citing people familiar with the decision. Shares of Tesla, which is betting on self-driving vehicles over less-expensive cars,

Bill Hwang has been found guilty of market manipulation

Bill Hwang, founder of Archegos Capital Management, was found guilty of fraud Wednesday by a Manhattan federal court after the 2021 collapse of his investment firm wiped billions of dollars off financial markets and nearly brought down Wall Street. The jury delivered a swift conviction, finding Hwang guilty on 10

11% of men aged 25-54 don't have a job and aren't looking for one, more than triple the percentage recorded in 1955, when just 3% were out of the workforce

A significant proportion of American men aged 25 to 54 are neither employed nor actively seeking work, creating a substantial gap in the nation's economy. Back in 1953, nearly all men in this age group were either employed or looking for employment. Since then, this figure has steadily

Costco, $COST, is increasing its executive memberships by $10 and its annual membership by $5

It’s soon going to cost more money to get your foot in the door at Costco. But the good news is your hot dog is still $1.50 — for now at least. The retailer is raising membership fees by $5 to $65 a year in the US and Canada,

U.S. household debt has reached a record and more Americans are falling behind on their credit card payments

More Americans are falling behind on their credit card payments. About 8.9% of credit card balances became delinquent over the past year, according to the Federal Reserve Bank of New York. This indicates that a growing number of borrowers are struggling with rising prices and high interest rates. "

Treasury Secretary Janet Yellen has insisted she goes to the grocery store “every week” and isn’t shocked by the prices

Yellen quickly dismissed a question about grocery prices, which have risen 20% since before the COVID-19 pandemic, during an interview with Yahoo Finance’s Jennifer Schonberger on Monday. “Have you been to the grocery store lately?” Schonberger asked Yellen. “I sure have — I go every week,” Yellen responded. “It’s

Alexandria Ocasio-Cortez, AOC, has now introduced articles of impeachment against Supreme Court Justices Samuel Alito and Clarence Thomas due to financial conflicts and lack of disclosures by SCOTUS

Alexandria Ocasio-Cortez has introduced articles of impeachment against conservative US Supreme Court justices Clarence Thomas and Samuel Alito, her office announced in a statement on Wednesday. This move comes after US Senators Sheldon Whitehouse and Ron Wyden called for the US Attorney General to appoint a special counsel to investigate

Microsoft, $MSFT, is quitting the board of OpenAI

Microsoft Corp. and Apple Inc. have decided not to take board roles at OpenAI, highlighting the increasing regulatory scrutiny over Big Tech's influence on artificial intelligence. Regulatory bodies in Europe and the US had raised concerns about Microsoft's influence over OpenAI, prompting one of the world&

Powell has said: We have significant housing issues in the country

The U.S. is "no longer an overheated economy" with a job market that has cooled from its pandemic-era extremes and is, in many ways, back to where it was before the health crisis, Fed Chair Jerome Powell told Congress, indicating that the case for interest rate cuts

The average purchase price of a single-family home is $505,750, according to the U.S. Census Bureau

The average purchase price of a single-family home is $505,750, according to the U.S. Census Bureau. The mortgage on a $500,000 house is $2,952 per month toward your mortgage principal & mortgage interest, assuming a 6.86% interest rate and a 30-year fixed term with 10%

45% of Disney-going, $DIS, parents with young children have gone into debt for trip

45% of Disney-going, $DIS, parents with young children have gone into debt for trip. The magic of Disney is driving some parents into debt. Among the 77% of theme park-going parents with children under 18 who have visited Disney, 45% have gone into debt for a Disney trip, with 83%

Nearly 50,000 tech workers have lost their jobs since the start of this year

UiPath will cut approximately 420 jobs as part of a broader restructuring, the company announced in a filing with the SEC on Tuesday. The majority of these layoffs will be completed by the end of the first quarter of fiscal 2026, which concludes next April. On Tuesday, UiPath shares dropped

Microsoft, $MSFT, has told employees in China that starting in September they’ll only be able to use iPhones for work, effectively cutting off Android-powered devices from the workplace

Microsoft, $MSFT, has told employees in China that starting in September they’ll only be able to use iPhones for work, effectively cutting off Android-powered devices from the workplace. Microsoft will require its employees in China to use only iPhones due to their enhanced security features. The decision comes as

The US real-estate market is headed for a correction, strategist Chris Vermeulen has said

America's real-estate market could be headed for a significant correction, according to veteran strategist Chris Vermeulen. The chief market strategist of The Technical Traders highlighted concerning signals in the real-estate sector, particularly as borrowing costs are expected to remain high. Construction starts for single- and multi-family homes have

The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession

The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession. The stock market is projected to crash by 32% in 2025 as the Federal Reserve struggles to prevent a recession, according to the most bearish strategist on Wall Street. Peter Berezin,

New York City paid McKinsey $4,000,000 to do a study on if trash cans work

New York City’s long-stalled plans to test containerized trash collection are gaining momentum. The city has commissioned a multimillion-dollar study and two of its largest property owners have launched pilot programs for garbage bins. Earlier this week, the Department of Sanitation and the city’s Economic Development Corporation awarded

Joe Biden is now deporting more people than Donald Trump ever did as president, amid a record high number of people crossing the US-Mexico border illegally

In June, Biden implemented a sweeping new asylum ban aimed at quickly deporting more recent border crossers to their home countries or Mexico. Even with the tougher border policy, Biden has continued to work to protect longer-term immigrants in the U.S. illegally, including through a new effort announced in

United, $UAL, Boeing, $BA, plane has lost a wheel after takeoff

A United Airlines jet lost a landing-gear wheel on Monday when it took off from Los Angeles, but it safely landed in Denver, its planned destination, with no injuries, the airline said. The wheel from United Flight 1001, a Boeing 757-200, was recovered in Los Angeles. "We are investigating

Countries of the BRICS economic bloc are currently working on the launch of a financial system that would be independent of the dominance of third parties

Countries of the BRICS economic bloc are currently working on the launch of a financial system that would be independent of the dominance of third parties, according to the Russian Ambassador to China Igor Morgulov. The volume of Russia’s transactions in national currencies with fellow BRICS nations is continuously

Biden tells House Democrats to stop calling on him to drop out

Biden tells House Democrats to stop calling on him to drop out. President Biden sent a two-page letter to Democratic lawmakers on Monday, stating, “I am firmly committed to staying in this race,” and emphasized that speculation over his future was aiding former President Donald Trump. He urged that it

NYC shuttered 80% of its Airbnbs, $ABNB, in an attempt to make housing more affordable. All that's done so far is make hotels more expensive

Last September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Less than a year into the city's policy, known as Local Law 18, it's not clear

A Wells Fargo, $WFC, analyst ordered the same Chipotle, $CMG, burrito bowl 75 times, and found that the bowls’ weights were wildly inconsistent

A Wells Fargo, $WFC, analyst ordered the same Chipotle, $CMG, burrito bowl 75 times, and found that the bowls’ weights were wildly inconsistent. Chipotle Mexican Grill's portion sizes are under scrutiny after a Wells Fargo analyst found significant inconsistencies in the popular burrito bowls. Zachary Fedam and his

In the United States, the federal government will spend $892 billion in the current fiscal year on interest payments

Governments worldwide are grappling with an unprecedented debt load, totaling a staggering $91 trillion. This amount nearly matches the size of the entire global economy and poses a significant threat to the well-being of their populations. The surge in debt is partly attributed to pandemic-related costs, which have swollen fiscal

For his events, President Biden's staffers prepare a short document with large print and photos that include his precise path to a podium, according to an event template the White House sends to staffers

For his events, President Biden's staffers prepare a short document with large print and photos that include his precise path to a podium, according to an event template the White House sends to staffers. For his events, President Biden's staffers prepare a concise document with large

France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government

France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government. France’s leftist alliance plans to raise the top marginal income tax rate to 90% if it wins the legislative elections concluding on July 7. Eric Coquerel shared