Unusual Whales

Iran has warned Israel it could review its nuclear stance if its atomic facilities are threatened

Iran's nuclear doctrine may undergo a reassessment in response to threats from Israel, according to a senior Islamic Revolutionary Guard Corps commander. The commander's remarks come amidst anticipation of an Israeli retaliation for Iran's unprecedented drone and missile strike on April 13. While Iran

A congressional probe found that Wall Street used billions of dollars of American retirement savings to buy shares in index funds that included blacklisted Chinese firms

A congressional probe found that Wall Street used billions of dollars of American retirement savings to buy shares in index funds that included blacklisted Chinese firms. The investigation, carried out by a bipartisan House committee tasked with developing strategies for the U.S. to respond to China, focused on BlackRock,

Boeing, $BA, to bring flying cars to Asia by 2030

Boeing, $BA, to bring flying cars to Asia by 2030, per Nikkei. Indeed, the vehicles are poised to enter a research and development phase, supported by new office openings in Japan. The company aims to leverage the potential demand for the vehicle in densely populated areas, offering a solution to

President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to $559 billion

President Biden’s latest proposal for student loan cancellation is estimated to cost taxpayers $559 billion and primarily benefit households with annual incomes exceeding $300,000, according to a study by the University of Pennsylvania’s Penn Wharton Budget Model. The new plan includes several provisions that, along with the

Home prices are poised to jump another 5% this year as the market is even tighter than it was in 2023

Home prices are poised to jump another 5% this year as the market is even tighter than it was in 2023. According to Capital Economics, home prices may continue to rise this year, as the housing market is not as favorable for prospective buyers as it may seem. Despite a

Ripple, $XRP, CEO predicts crypto market will double in size to $5 trillion by the end of 2024

The CEO of blockchain startup Ripple predicts that the cryptocurrency market's combined market capitalization will exceed $5 trillion this year. Brad Garlinghouse of Ripple told CNBC that he anticipates the entire crypto market's value to double, citing macro factors such as the launch of the first

Swelling US debt could tip US markets into crisis as soon as next year

Swelling US debt could tip US markets into crisis as soon as next year. Congress must act swiftly to curb the rapid growth of US debt, or 2025 could see market turbulence similar to the UK's 2022 financial crisis. Wharton professor Joao Gomes cautioned that failing to adjust

Pringles has teamed up with Crocs, $CROX, for an ankle holster for your potato chips

Pringles has teamed up with Crocs, $CROX, for an ankle holster for your potato chips. Pringles and Crocs have joined forces for a limited edition shoe collection, featuring some styles with a built-in snack can holder. Crocs announced a new shoe collection in collaboration with Pringles, the snack brand owned

Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated

Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated. Oil traders have invested heavily in options contracts, accumulating more than 3 million barrels' worth, betting that prices

Boston Dynamics has revealed its new generation "Atlas" robot

The robotics company retired its hydraulic humanoid robot, Atlas, on Tuesday and introduced its new, fully electric Atlas in a video on Wednesday. "We're excited to demonstrate the capabilities of the world's most dynamic humanoid robot—in the lab, in the factory, and in our

The US Federal Aviation Administration issued a ground stop advisory for all Alaska Airlines' mainline and subcarrier flights

An issue with the weight and balance calculation system for Alaska Airlines planes was resolved on Wednesday morning, leading to the U.S. Federal Aviation Administration (FAA) lifting a ground stop that had been put in place. The ground stop, affecting all Alaska Airlines and Horizon Air departures, was implemented

The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose 'significant risks' for the global economy

The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose 'significant risks' for the global economy. The International Monetary Fund (IMF) stated in its benchmark Fiscal Monitor that it anticipates the US to record a fiscal deficit of 7.1 percent next

Canada to increase capital gains tax on firms and individuals

The federal government is raising capital gains taxes on wealthy individuals and companies to help fund billions in new spending on housing and other government priorities. The federal budget, released Tuesday, increases the inclusion rate on some capital gains. Businesses will now pay income tax on two-thirds of their capital

Seafood restaurant chain Red Lobster is considering a Chapter 11 bankruptcy filing

According to sources familiar with the matter cited by Bloomberg, Red Lobster is considering filing for Chapter 11 bankruptcy to renegotiate leases, address other long-term contracts, and manage rising labor costs. The report indicates that the seafood chain is receiving counsel from the law firm King & Spalding on this

Google, $GOOGL, workers are staging sit-ins and protests over the company's $1.2 billion contract with Israel's government

Google employees across the country organized sit-ins at company headquarters, protesting Google's contract with the Israeli military and its alleged role in the Israel-Hamas conflict. Tech workers at both Amazon and Google have voiced opposition to Project Nimbus, a $1.2 billion contract between Google, Amazon, and the

Earth has its warmest March on record, beating 2023's milestone

March marked the 10th consecutive month globally to set a record for its respective warmest month. Europe's Copernicus Climate Change Service announced this milestone, confirming a recent preliminary finding. This development is significant as Copernicus is one of the most closely watched and respected sources of temperature data,

Bank of America, $BAC, has said that the copper supply crisis is here

The increasing issue of a lack of mine projects is becoming more pronounced for copper. This, coupled with investments in green technologies and a global economic rebound, is expected to push prices to US$10,250/t (465c/lb) by the fourth quarter,” an 8% upgrade from their previous outlook,

Bitcoin ‘halving’ rally is already partially priced in, Marathon, $MARA, CEO Fred Thiel has said

The original cryptocurrency has surged over 60% since the beginning of the year, driven by optimism surrounding record demand for US exchange-traded funds that directly hold the tokens. Historically, Bitcoin prices have tended to increase in the months following its triennial halving event. "I think the ETF approval, which

FTX CEO John Ray lll has been paid $1,575 per hour last month as the FTX bankruptcy continues

FTX CEO John J. Ray III received $1,575 per hour last month for his oversight of the exchange's bankruptcy, as revealed in a court document filed on Thursday. During the period from March 1 to March 31, Ray worked 231 hours and received a total of $363,

80% of stocks held by Americans are held by those over the age of 55, up from 60% two decades ago, and an all time record

80% of stocks held by Americans are held by those over the age of 55, up from 60% two decades ago, and an all time record. The proportion of equities held by individuals at or near retirement age (55+) has increased to approximately 80%, up from 60% two decades ago,

California spent $24 billion to tackle homelessness over the past five years but didn't consistently track whether the huge outlay of public money actually improved the situation

California spent $24 billion to tackle homelessness over the past five years but didn't consistently track whether the huge outlay of public money actually improved the situation. With makeshift shelters lining the streets, disrupting businesses in cities and towns across California, homelessness has become a major issue in

Jerome Powell just now: “The recent data have clearly not given us greater confidence and instead indicate that it is likely to take longer than expected to achieve that confidence”

Federal Reserve Chair Jerome Powell suggested on Tuesday that interest rate cuts may not happen as quickly as previously anticipated, citing a "lack of progress" in cooling inflation this year. Why it matters: Powell's comments indicate that the Fed could maintain the current, two-decade high level

JPMorgan, $JPM, has made the case that high rates are actually driving inflation

Jack Manley from JPMorgan Chase argues that the Fed's current rate range of 5.25% to 5.5% is actually contributing to inflation, and that prices won't stabilize until the central bank starts cutting rates. "A lot of what's driving inflation today is

US households have added $37 trillion in wealth in the past 4 years, but the distribution is concentrated among the top 0.1%

Almost all Americans have seen an increase in wealth since the pandemic, but a subset of affluent households is experiencing a decline in their share of the overall wealth. From the end of 2019, households in the 90-to-99.9 percent bracket of wealth have been losing their share of the

Hong Kong approves first bitcoin, ethereum spot ETFs

Hong Kong approves first bitcoin, ethereum spot ETFs Hong Kong regulators have granted approval for the launch of spot bitcoin and ether exchange-traded funds (ETFs), according to asset managers, following similar moves in the U.S. this year. Bitcoin was trading approximately 3% higher at 7:11 a.m. ET