Unusual Whales

California fast food restaurants have cut 10,000 jobs since passing $20 minimum wage

California fast food restaurants have cut nearly 10,000 jobs due to the state’s new $20 minimum wage, as struggling franchises slash labor costs and raise prices to survive, a major trade group said Thursday. The California Business and Industrial Alliance (CABIA) criticized Democratic Gov. Gavin Newsom for implementing

Apple, AAPL, announces deal with OpenAI

Apple announced at its WWDC 2024 keynote on Monday that it is partnering with OpenAI to integrate ChatGPT into Siri. ChatGPT will be available for free in iOS 18 later this year without requiring an account, and Apple assures that user queries won’t be logged. Additionally, the popular chatbot

France’s Macron has now officially and unexpectedly dissolved the French parliament

President Emmanuel Macron dissolved the lower house of France's parliament in a surprise announcement on Sunday following the dominance of far-right parties in France and other countries in the European Parliament elections. This move sends French voters back to the polls in the coming weeks, with legislative elections

OpenAI is ‘exploring’ how to responsibly generate AI porn

OpenAI, the AI powerhouse behind ChatGPT and other leading AI tools, revealed on Wednesday that it is exploring ways to "responsibly" allow users to create AI-generated porn and other explicit content. This announcement, found in a detailed document aimed at gathering feedback on product guidelines, has raised concerns,

Making $150,000 is considered 'lower middle class' in California, Virginia, Washington, and Arizona

Making $150,000 is considered 'lower middle class' in California, Virginia, Washington, and Arizona. "In America’s most expensive cities, the bar has definitely been raised to be considered ‘middle class,’" Andrew Murray, lead content data researcher at GOBankingRates, told Fox News Digital. "To escape

"Texas is now home to more Fortune 500 companies, including Exxon Mobil, AT&T and American Airlines, than any other state"

"Texas is now home to more Fortune 500 companies, including Exxon Mobil, AT&T and American Airlines, than any other state," per WSJ. BlackRock, $BLK, and Citadel Securities fund plans to start a new national stock exchange in Texas to "take on" the New York

Americans must earn roughly $106,500 in order to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020

Americans must earn roughly $106,500 in order to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020, per Zillow. Homeownership is typically considered affordable if a buyer spends no more than 30% of their

80% of Americans say fast food is now a luxury because it’s become so expensive

A recent nonprobability survey conducted by LendingTree revealed that 78% of consumers now regard fast food as a "luxury" purchase due to the high cost of meals. Half of the respondents said they consider fast food a luxury because they are facing financial struggles. This sentiment is particularly

Two more Boeing, $BA, whistleblowers go public over plane safety

Two former Boeing employees and a key contractor have revealed to The Post that despite the deaths of two whistleblowers within two months this year, they are more determined than ever to expose what they claim are dangerous practices at the now scandal-ridden manufacturer. Roy Irvin, a veteran Boeing employee,

The U.S. Federal Reserve will cut its key interest rate in September and once more this year, according to a majority of forecasters in a Reuters poll

The U.S. Federal Reserve is expected to cut its key interest rate in September and once more this year, according to a majority of forecasters in a Reuters poll. However, there remains a significant risk that they might opt for only one cut or none at all. Economists surveyed

Mexico and the WHO has reported the world’s first human case of H5N2 bird flu in a 59 year old who has now died

The WHO reported that the 59-year-old had died on April 24 after experiencing a fever, shortness of breath, diarrhea, nausea, and general discomfort. This was the first laboratory-confirmed human case of infection with the A(H5N2) subtype of bird flu globally and the first H5 virus infection in a person

The U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses

The U.S. Small Business Administration (SBA) plans to introduce new government-backed credit lines of up to $5 million for small businesses, according to SBA Administrator Isabel Casillas Guzman in an interview with CNBC. The SBA is launching a working capital pilot program in the coming months that aims to

Berkshire Hathaway's, $BRK.A, purchase of Treasury bills has been so aggressive ($158B at the end of Q1) that it now owns 3% of the entire bill market

Buffett now has $158 billion U.S. invested in Treasury Bills, or T-bills. A T-bill is a short-term debt obligation backed by the U.S. Treasury Department with a maturity of one year or less. Interest is paid on T-bills when they mature. With interest rates elevated, T-bills are currently

JPMorgan's Kolanovic says the resurgence in meme-stocks like GameStop, $GME, is a bad sign for stock market

JPMorgan's Kolanovic says the resurgence in meme-stocks like GameStop, $GME, is a bad sign for stock market. In a note on Monday, Kolanovic reiterated his bearish view on stocks even as the S&P 500 trades within 1% of its record high. The strategist has one of

The median mortgage payment in the United States hit a new record high of $2,894 per month, for May 2024

The median mortgage payment in the United States hit a new record high of $2,894 per month, for May 2024. New listings rose 9% year over year, marking the smallest increase in three months (excluding the four weeks ending March 31, 2024, when there was an artificially small decline

Bank of Canada cuts interest rates by 25 BPS, the first in the G7 to do so

Bank of Canada cuts interest rates by 25 BPS, the first in the G7 to do so. "Let's just enjoy the moment for a bit," said Governor Tiff Macklem at a press conference after announcing that the central bank had reduced rates to 4.75% from

US home prices have increased 47% since 2020

US home prices have increased 47% since 2020. Home prices have surged 47.1% since the start of 2020, far outpacing the gains seen in recent decades. According to a recent analysis by ResiClub of the Case-Shiller National Home Price Index, house prices in the 1990s and 2010s grew by

Nearly three in five Americans wrongly believe the US is in an economic recession

Nearly three in five Americans mistakenly believe the US is in an economic recession, with the majority blaming the Biden administration, according to a Harris poll conducted exclusively for the Guardian. The survey revealed persistent pessimism about the economy as election day approaches. The poll highlighted many misconceptions people have

Biden to temporarily shut Mexico border to asylum seekers

Biden to temporarily shut Mexico border to asylum seekers. President Joe Biden signed an executive order on Tuesday that will temporarily halt asylum requests once the average number of daily encounters exceeds 2,500 between official ports of entry, according to a senior administration official. “The border is not a

BlackRock, $BLK, and Citadel Securities fund plans to start a new national stock exchange in Texas to "take on" the New York Stock Exchange

BlackRock, $BLK, and Citadel Securities fund plans to start a new national stock exchange in Texas to "take on" the New York Stock Exchange. The Texas Stock Exchange has raised $120 million and plans to file registration documents with the US Securities and Exchange Commission, according to a

The Massachusetts securities regulator is probing the trading activities of GameStop, $GME investor Keith Gill aka DeepFuckingValue aka Roaring Kitty

The Massachusetts securities regulator is investigating the trading activities of Keith Gill, known as "Roaring Kitty," a prominent figure during the 2021 meme stock surge involving GameStop. Massachusetts Secretary of State Bill Galvin, the chief securities regulator for the state, has initiated this probe into Gill's

E*Trade is considering kicking RoaringKitty, aka DeepFuckingValue, off the platform, as they are reportedly "growing concerned about potential stock manipulation around his recent purchases of GameStop, $GME"

E*Trade is considering kicking RoaringKitty, aka DeepFuckingValue, off the platform, as they are reportedly "growing concerned about potential stock manipulation around his recent purchases of GameStop, $GME," ChatGPT Shortly before Keith Gill reignited the meme stock craze in May, he purchased a large volume of GameStop options

Andrew Left, the founder of Citron Research, has placed another new bet against the GameStop, $GME, today

Andrew Left, the founder of Citron Research, has placed another new bet against the GameStop, $GME, today The video-game retailer’s stock price surged as much as 75% on Monday after Keith Gill, an investor and meme stock influencer known as DeepF---ing Value on Reddit, revealed he held five million

BRK A, Berkshire Hathaway Class A, has been halted down, down 99.97%, -$627,214.90 by NSYE

$BRK.A, Berkshire Hathaway Class A, has been halted down, down 99.97%, -$627,214.90 by NSYE. Class A shares of Berkshire Hathaway appeared to plummet 99.97% to just $185.10 per share. The erroneous share price data indicated the stock losing more than $627,000 in

Former President Trump says he would declassify the Epstein, JFK, and September 11 files if elected in 2024

Former President Trump says he would declassify the Epstein, JFK, and September 11 files if elected in 2024. competition," Trump said during an interview with Fox News’ Will Cain, Rachel Campos-Duffy, and Pete Hegseth that aired Sunday morning. "They wouldn’t be handling this well right now. They’