Unusual Whales

Major Democrat donors to the largest pro-Biden super PAC have frozen $90 million in pledged donations

Some major Democratic donors have informed the largest pro-Biden super PAC, Future Forward, that approximately $90 million in pledged donations will remain on hold if President Joe Biden continues his candidacy, the New York Times reported on Friday, citing unnamed sources. According to two individuals briefed on the conversations,

Biden's campaign team thinks Obama — who spoke with Pelosi — is behind the revolt against him

Biden's campaign team thinks Obama — who spoke with Pelosi — is behind the revolt against him. Former President Barack Obama and ex-House Speaker Nancy Pelosi have reportedly discussed their growing concerns about President Biden’s 2024 re-election campaign in private conversations. According to sources, a rising number

US President Biden accidentally introduces Ukraine President Zelenskyy as Russian President Putin in his NATO speech

Joe Biden, speaking to reporters at the Nato summit just now, mistakenly referred to Ukraine's president, Volodymyr Zelenskiy, as “President Putin”. Biden quickly realised his mistake and corrected himself. Zelenskiy joked: I'm better.

Governments worldwide owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations

Governments owe an unprecedented $91 trillion, nearly matching the size of the global economy, which will ultimately take a heavy toll on their populations. Debt burdens have grown so large — partly due to pandemic costs — that they now pose a growing threat to living standards even in wealthy economies like

CPI comes in at 3% vs 3.1% YoY expected

Slower-than-expected inflation in June should solidify hopes that Federal Reserve officials will feel confident enough to begin lowering interest rates. Recent consumer price readings, including Thursday’s report, indicate that inflation is on track and trending sustainably back to the Fed’s 2% target after a period of

Americans' pandemic savings are gone

Americans' pandemic savings are gone. The pandemic savings cushions that helped Americans manage high prices in recent years have dwindled, leading to a reduction in consumer spending power that is affecting the economy. Delinquencies are rising, executives are expressing caution about shopper behavior in recent earnings calls, and retail

Nearly two in five (38%) U.S. renters don't believe they'll ever own a home, up from roughly one-quarter (27%) less than a year ago

Nearly two in five (38%) U.S. renters don't believe they'll ever own a home, up from roughly one-quarter (27%) less than a year ago, per Redfin. Lack of affordability is the main reason many renters doubt they will become homeowners. Nearly half (44%) of

The number of hardship withdrawals per 1,000 savers increased about 40% last year and have doubled since 2021

An increasing number of Americans are making emergency "hardship withdrawals" from their 401(k) plans to avoid eviction or foreclosure, according to new data from investment and retirement giant Vanguard. This trend raises concerns about the looming retirement crisis and questions the robustness of the current "economic

67% of voters say Biden should step aside as the presumptive Democratic nominee

A majority of voters (67%) believe President Biden should step aside as the presumptive Democratic nominee, according to a new ABC News/Washington Post/Ipsos poll published Thursday. Why it matters: This is another survey indicating that most voters think Biden should withdraw following his performance in last month'

U.S. announces new $225 million military assistance package for Ukraine

President Joe Biden announced a new $225 million aid package for Ukraine on Thursday, which includes a Patriot missile system to strengthen its air defenses against a deadly barrage of Russian airstrikes. Biden made the announcement during a meeting with Ukrainian President Volodymyr Zelenskyy, who called it “strong news” but

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-

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’

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

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

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

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,

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

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-

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,