Unusual Whales

Google, $GOOGL, has started to layoff hundreds of ‘core’ employees and has started hiring for the same roles in cheaper countries like India and Mexico

Just before releasing its impressive first-quarter earnings report on April 25, Google implemented layoffs affecting at least 200 employees from its “Core” teams, as part of a reorganization that includes relocating some roles to India and Mexico, according to CNBC. The Core unit is responsible for constructing the technical framework

The Federal Reserve has not cut rates, and has kept rates the same

The Federal Reserve has not cut rates, and has kept rates the same. The Federal Reserve of the United States decided to keep interest rates unchanged on Wednesday, signaling a continued inclination towards eventual reductions in borrowing costs. However, the Fed raised concerns about recent disappointing inflation data and suggested

Incoming junior Wall Street analysts could be in danger of losing their jobs to AI, sources within banks told the New York Times

Incoming junior Wall Street analysts could be in danger of losing their jobs to AI, sources within banks told the New York Times. Consider the realm of entry-level Wall Street banking positions. Recent concerns highlighted in a New York Times report suggest that junior analysts could face potential job losses

Samsung reportedly tells executives they're working 6 days a week now

Samsung reportedly tells executives they're working 6 days a week now. Samsung will soon implement a six-day workweek for its executives, as reported by the Korea Economic Daily on April 18. The Korea-based conglomerate, known for its Galaxy smartphones, flatscreen televisions, appliances, and various other devices, is a

Yellen: people generally are better off despite price increases

During a House Ways and Means Committee hearing, Treasury Secretary Janet Yellen disagreed with Larry Summers, her predecessor, who suggested that the Federal Reserve might need to raise interest rates due to concerns about inflation. Yellen criticized Summers, calling him "a person who's been wrong in the

Subway has officially been bought out by Roark Capital

Subway has officially been bought out by Roark Capital. Roark's reported $9.6 billion acquisition of Subway, as per the Wall Street Journal, faced scrutiny from the U.S. Federal Trade Commission over concerns that it would create an unfair advantage for the Atlanta-based private equity firm in

Binance previous CEO CZ sentenced to 4 months in prison

Binance previous CEO CZ sentenced to 4 months in prison. Before his sentencing hearing on Tuesday, Zhao, known as CZ, expressed regret for his actions as CEO of Binance, the cryptocurrency exchange he established in 2017. “I deeply regret the choices that have led me to this point,” he stated

The Biden administration is considering bringing certain Palestinians to the U.S. as refugees

The Biden administration is reportedly considering the possibility of admitting certain Palestinians into the United States as refugees, offering them a permanent safe haven. This move would provide refuge to individuals fleeing the conflict-ridden Gaza Strip. Internal documents from various U.S. federal agencies, obtained by CBS News, indicate that

DEA moving to reclassify marijuana as less dangerous drug

DEA moving to reclassify marijuana as less dangerous drug. The U.S. Drug Enforcement Administration (DEA) is planning to reclassify marijuana as a less harmful drug, marking a significant shift in American drug policy. This move, which is pending review by the White House Office of Management and Budget, would

Blackstone, $BX, has sold 1740 Broadway in New York for $185 million, a $420 million loss

Yellowstone Real Estate recently acquired the remaining debt on 1740 Broadway, previously known as the Mutual of New York tower, for $185 million. This is a significant decrease from the $605 million Blackstone paid for the building in 2014. At that time, Blackstone paid nearly $1,000 per square foot

BlackRock's, $BLK, assets under management have hit a record of $10.5 trillion

Global stock markets surged in the first quarter on expectations that major central banks would shift from tightening monetary policy to cutting interest rates, which helped drive up BlackRock's assets under management (AUM). The MSCI's global stock performance gauge rose 7.7% in the first three

Billionaires are racing to buy TikTok after Chinese owners ordered to sell app, with Steve Mnuchin in lead

Billionaires are racing to buy TikTok after Chinese owners ordered to sell app, with Steve Mnuchin in lead, per NYP. A few American finance and tech moguls are preparing multi-billion dollar bids to acquire TikTok following President Joe Biden's signing of an act that will compel its Chinese

43% of small businesses were unable to pay their rent in full in April due to economic headwinds

The delinquency rate among small businesses in the US has reached a three-year high, reflecting the challenges posed by rent increases and decreasing revenue, as per a monthly survey. The Small Business Rent report from Alignable, an online networking platform for business owners, reveals that 43% of small businesses were

Four months into office, Argentine President Javier Milei has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency

The peso has not only halted its continuous decline but has also experienced a significant surge in one crucial foreign-exchange market — Argentina has several, a result of its complex set of rules. In the market known as the blue-chip swap, which is utilized by many investors and companies, the peso

The typical person purchasing today’s median-priced home for about $420,000 has a record-high $2,864 monthly housing payment with a 7.1% mortgage rate, the current 30-year fixed-rate average

The typical person purchasing today’s median-priced home for about $420,000 has a record-high $2,864 monthly housing payment with a 7.1% mortgage rate, the current 30-year fixed-rate average. Nearly two in every five (38%) homeowners believe they couldn't afford to purchase their own home if

Milei has anounced Argentina's first budget surplus in 16 years

Milei has anounced Argentina's first budget surplus in 16 years, per AFP. Argentina's newly elected President Javier Milei has praised the country's first quarterly budget surplus since 2008 as a "historic achievement." In the first quarter of 2024, Argentina recorded a budget

Donald Trump's allies are quietly drafting proposals that would attempt to erode the Federal Reserve's independence if the former president wins a second term, with some advisers arguing that the president should be consulted on interest-rate decisions

Donald Trump's allies are quietly drafting proposals that would attempt to erode the Federal Reserve's independence if the former president wins a second term, with some advisers arguing that the president should be consulted on interest-rate decisions, per WSJ. A small group of allies of the

The Federal Reserve may not cut interest rates at all this year with inflation remaining high, JPMorgan Chase, $JPM, President Daniel Pinto has said

The Federal Reserve may not cut interest rates at all this year with inflation remaining high, JPMorgan Chase, $JPM, President Daniel Pinto has said. "It might be a while before they can reduce rates," Pinto stated at a Semafor event in Washington, noting that the chances of a

Venice has launched the world’s first tourist entry fee, with day trippers needing to pay a charge of 5 euros (US$5.40) to enter

Venice has launched the world’s first tourist entry fee, with day trippers needing to pay a charge of 5 euros (US$5.40) to enter. Municipal workers were observed checking the tickets of day-trippers outside Venice's Santa Lucia railway station, located in the delicate lagoon city. Signs

Daily users of marijuana are reshaping the consumer economy by buying more frozen food, and they’re also ordering on delivery apps such as DoorDash and Uber Eats more than average

Daily users of marijuana are reshaping the consumer economy by buying more frozen food, and they’re also ordering on delivery apps such as DoorDash and Uber Eats more than average, per Blooberg. A study of nearly 6,000 cannabis consumers, conducted by Numerator, a data and technology company, revealed

Commercial foreclosures jumped 117% year-to-date in March

The commercial real estate market continues to face challenges, highlighted by a significant increase in property foreclosures. According to real estate data provider ATTOM, foreclosure activity surged by 117% year-over-year in March, with 625 foreclosures reported. This marks a stark contrast to the pandemic lows, when foreclosures hit a bottom

Calculator app reportedly coming to the Apple, $AAPL, iPad this year

In addition to introducing new artificial intelligence capabilities, Apple's upcoming OS updates are rumored to bring significant enhancements to the Calculator app. Several reports suggest that Apple is planning to enhance the Calculator app's functionality, add math features to Apple Notes, and introduce the Calculator app

TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban

On Wednesday, President Joe Biden signed a bill mandating the separation of TikTok from its Chinese parent company, ByteDance. Failure to sell TikTok could result in a U.S. ban for the app. The bill, passed by the Senate on Tuesday, was part of a larger package providing aid to

New York City’s congestion pricing program, the first in the U.S., will go into effect June 30

New York City’s congestion pricing program, the first in the U.S., will go into effect June 30, the MTA has announced. It will cost a $15 fee for most drivers entering the busiest part of Manhattan, south of 60th Street during daytime hours, per NYT. The program, enacted

Biden administration drops plan to ban menthol cigarettes

Biden administration drops plan to ban menthol cigarettes, per WSJ. "This rule has attracted significant attention, and the public comment period has generated a large amount of feedback, including from various civil rights and criminal justice groups," stated Health and Human Services Secretary Xavier Becerra in a Friday