Unusual Whales

At $2 million per minute, Treasuries are minting cash like never before

For the first time in nearly a generation, fixed income investments are truly living up to their name. This change is largely due to benchmark rates in the US rising from 0% to over 5% in just two years. Amid the current focus on whether the Federal Reserve will cut

For the first time ever, half of younger renters — those under age 50 — don’t think they will be able to buy a home

US renters are feeling less optimistic about their chances of ever owning a home, and households' expectations of home-price growth have picked up again after a decline last year, according to a new survey from the Federal Reserve Bank of New York. The survey, conducted in February, revealed that

Walmart, $WMT, is firing hundreds of corporate jobs and asking most remote workers to return to offices

Walmart, $WMT, is firing hundreds of corporate jobs and asking most remote workers to return to offices. Walmart Inc (WMT.N) announced on Tuesday that it intends to reduce its corporate headquarters' workforce and relocate most of its U.S. and Canada-based remote workers to three main offices, marking

Fed's Powell: my confidence in inflation moving back down is lower than it was

Fed's Powell: my confidence in inflation moving back down is lower than it was. Federal Reserve Chair Jerome Powell expressed optimism about the current state of the U.S. economy, foreseeing continued growth above trend and maintaining confidence in decreasing inflation, which, while shaken by recent data, remains

GameStop, $GME, shorts have lost approximately an estimated $2 billion in mark-to-market losses in two days

GameStop, $GME, shorts have lost approximately an estimated $2 billion in mark-to-market losses in two days. Holy, this trader turned thousands into millions with GameStop, $GME. This $GME trader got $25 call contracts expiring 05/17/2024 at an average of $0.21, for 27k. They peaked at $13.63.

Trump's SEC Chair has argued SEC should halt trading in GameStop, $GME

Trump's SEC Chair has argued SEC should halt trading in GameStop, $GME. In an interview with CNBC on Friday, former SEC chair Clayton voiced his concerns about the recent surge in stock prices of GameStop and AMC. Clayton suggested that the recent stock surge resembles gambling more than

OpenAI releases real-time voice translation

OpenAI is introducing GPT-4o, a new version of its GPT-4 model, which powers ChatGPT. According to OpenAI CTO Mira Murati, the updated model is significantly faster and enhances capabilities across text, vision, and audio. Murati announced this in a livestream on Monday, stating that the model will be freely available

Starting on May 28, US trades will "settle," or complete the exchange of dollars for stock, in one day rather than two

Starting on May 28, US trades will "settle," or complete the exchange of dollars for stock, in one day rather than two, per Bloomberg. 4. Why is collateral necessary? Brokers must provide collateral, also known as margin, to a fund held by the Depository Trust & Clearing Corp.

For the first time in history, billionaires have a lower effective tax rate than working-class Americans

Amid increasing wealth inequality and recent shifts in government tax policies, an unprecedented trend has emerged: billionaires in the United States are currently paying a lower effective tax rate than working-class Americans for the first time in history. The effective tax rate for the 400 richest Americans has dropped to

A surprising thing is happening to some women on weight-loss drugs like Ozempic who’ve struggled with fertility issues: They’re getting pregnant

A surprising thing is happening to some women on weight-loss drugs like Ozempic who’ve struggled with fertility issues: They’re getting pregnant, "I thought I couldn’t have any more kids,” said Torria Leggett, 40, who had been trying for another after her first child was born in

US government debt is now the highest in history; it's more than $34 trillion, and that number keeps climbing

US government debt is now the highest in history. It's more than $34 trillion, and that number keeps climbing, per BI. Former Treasury Secretary Steven Mnuchin remarked that a robust dollar currently benefits the U.S. by facilitating the financing of substantial fiscal deficits, but he urged the

Nearly 40% of U.S. renters don’t believe they’ll ever own a home, up from 27% last year

Nearly 40% of U.S. renters don’t believe they’ll ever own a home, up from 27% last year. Nearly 38% of U.S. renters now doubt they will ever own a home, a significant increase from around 27% less than a year ago, according to a recent report

The Biden Administration is set to quadruple tariffs on Chinese EVs, from 25% to a 100% tariff

President Joe Biden is preparing to unveil new tariffs on Chinese goods, including a significant increase in levies on electric vehicles (EVs), according to sources familiar with the matter. The announcement, expected next week, will maintain the existing tariffs on many Chinese products set by former President Donald Trump. Additionally,

Biden's $7.5 billion investment in EV charging has only porduced 7 stations in two years

President Biden has made a longstanding commitment to establish 500,000 electric vehicle (EV) charging stations in the United States by 2030. These stations, according to the White House, are intended to bolster Americans' confidence in purchasing and driving electric cars while aiding the country in reducing carbon pollution.

"We need 70% less coders from third parties to code as the AI handles most of the coding," per the BP earnings call

"We need 70% less coders from third parties to code as the AI handles most of the coding," per the BP earnings call . e head of Indian IT company Tata Consultancy Services has said artificial intelligence would result in “minimal” need for call centres in as soon as

A surge in immigration has made the U.S. economy more competitive by preventing wages from rising more than they otherwise would have

A surge in immigration has made the U.S. economy more competitive by preventing wages from rising more than they otherwise would have, the head of the International Monetary Fund said. Asked to explain why U.S. economic growth is currently outpacing Europe, IMF Managing Director Kristalina Georgieva cited “abundant

Almost half (43%) of Americans don't know what a 401(k) is

A recent study sheds light on a significant gap in financial knowledge among Americans, with nearly 43 percent of participants admitting they’re unsure about what a 401(k) retirement plan entails. The survey, conducted by OnePoll on behalf of Beyond Finance, polled 2,000 US residents from various age

One in three Americans ages 18 to 24 have no income

Research conducted by the St. Louis Federal Reserve’s Institute for Economic Equity, focusing on Generation Z, reveals that over 1 in 3 young adults currently have no income, a stark increase from 1 in 5 in 1990. This shift could have significant implications, both on individual lives and the

There are just six cities where the median-priced home is affordable for median-income earners

There are just six cities where the median-priced home is affordable for median-income earners, per FOX. New research from Clever Real Estate reveals that in 44 of the largest 50 metropolitan areas in the U.S., housing prices are too high to be considered affordable for households earning the median

Burnett Plaza, the tallest building in Fort Worth, has been sold at foreclosure auction for $12.3 million

Burnett Plaza, the tallest building in Fort Worth, has been sold at foreclosure auction for $12.3 million. The previous owner, an affiliate of Opal Holdings based in New York, failed to repay a $13 million loan from Pinnacle, leading to foreclosure proceedings. In 2021, the Opal affiliate acquired the

Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans

Barry Sternlicht, co-founder, chairman, and CEO of the $115 billion real estate giant Starwood Capital Group, expressed concern about the more than 4,000 regional and community banks in the U.S. With the real estate industry facing challenges from higher interest rates, vacancies, and inflation, Sternlicht warned that its

Microsoft, $MSFT, has banned U.S. police departments from using enterprise AI tool for facial recognition

Microsoft has reiterated its prohibition on U.S. police departments using generative AI for facial recognition through Azure OpenAI Service. This service is Microsoft's fully managed, enterprise-focused wrapper around OpenAI technology. Language added to the terms of service for Azure OpenAI Service now explicitly prohibits integrations with Azure

US probe finds widespread sexual misconduct at FDIC

An independent report released on Tuesday is calling for significant changes at the Federal Deposit Insurance Corporation (FDIC) to address widespread sexual harassment and other misconduct, raising questions about the future of the banking regulator's leadership. Prompted by a Wall Street Journal investigation, the report cites accounts from

President Biden tells CNN that the US will stop providing Israel with artillery shells, bombs for fighter jets and other offensive weapons if it invades Rafah

President Biden tells CNN that the US will stop providing Israel with artillery shells, bombs for fighter jets and other offensive weapons if it invades Rafah President Joe Biden stated in a CNN interview on Wednesday that the United States would not provide offensive weapons to Israel that could be

FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries

FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries. Lower-ranking creditors typically receive only a fraction of their holdings in bankruptcies, but FTX benefited from a strong rally in cryptocurrencies, including Solana,