Unusual Whales

Argentina President Javier Milei to visit Tesla factory in United States to meet Elon Musk this week

Elon Musk will meet President Javier Milei at Tesla Inc.’s factory in Austin, Texas, Friday morning during a week-long trip abroad, Argentina’s government announced Wednesday. Milei, who arrived alongside his sister and presidential adviser Karina Milei in Miami Wednesday morning, was originally scheduled to meet with Musk

An economist from the Bureau of Labor Statistics corresponded on data related to the consumer price index with major Wall Street firms like JPMorgan Chase & Co. and BlackRock Inc., raising questions about equitable access to economic information

An economist from the Bureau of Labor Statistics corresponded on data related to the consumer price index with major Wall Street firms like JPMorgan Chase & Co. and BlackRock Inc., raising questions about equitable access to economic information The BLS economist answered numerous inquiries about details within the consumer price

US sees missile strikes on Israel by Iran or its proxies as imminent

The US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent, in what would mark a significant widening of the six-month-old conflict, according to people familiar with the intelligence. The potential assault, possibly using

Intel, $INTC, unveils new AI accelerator processor called Gaudi 3

Intel, $INTC, unveils new AI accelerator processor called Gaudi 3. Intel announced at a company event on Tuesday that its updated processor, Gaudi 3, will be widely available in the third quarter. This chip is specifically designed to enhance performance in two crucial areas: aiding in the training of AI

New Boeing, $BA, whistleblower to testify at April 17 Senate hearing

The Federal Aviation Administration (FAA) is looking into claims made by a whistleblower at Boeing, who alleges that the company disregarded safety and quality concerns during the production of its 787 and 777 jets, according to an agency spokesperson on Tuesday. Boeing has been dealing with a significant safety crisis

A typical person now believes they need $1.5 million to retire comfortably, per Northwestern Mutual

A recent study by Northwestern Mutual revealed that adults aged 18 and older now believe they need $1.46 million in savings to retire comfortably. This figure represents a significant 15% increase from the $1.27 million reported the previous year and a substantial 53% surge from the $951,000

US government debt, per Bank of America, $BAC

US government debt, per Bank of America, $BAC: The Congressional Budget Office's (CBO) latest forecasts, released earlier this year, are based on optimistic assumptions, covering various aspects from tax revenue to defense spending and interest rates. According to these forecasts, if we factor in the current market'

McKinsey consulting firm will pay some of its employees to not work for nine months and look for another job

Hundreds of managers at McKinsey's U.K. office have been given the opportunity to spend nine months of company time finding another job instead of working on client projects. During this period, McKinsey is not only retaining these employees on payroll but also assisting them in enhancing their

The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago

The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago, per Moody's. According to a February report from McKinsey & Company, groceries are becoming a primary spending focus for younger generations. The report, which surveyed

Median and average 401(k) balances in the US

Median and average 401(k) balances in the US, per CNBC: Meanwhile, Americans need an average post-tax income of $68,499 to live comfortably in the U.S, per CNBC. Recently it was found during tax season in the US, residents of three cities—New York, San Francisco, and

Bezos of $AMZN pays $90 million for third mansion in Florida

The founder of Amazon.com Inc. has agreed to purchase a six-bedroom home in the Miami area for approximately $90 million in an off-market transaction, according to sources familiar with the deal. Bezos intends to reside in this home while he demolishes the other properties he acquired on

Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets, combined

Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets, combined. Revenue in the online lottery market is expected to surpass $5 billion in 2024, according to Statista Market Insights. In 2023, U.S. lottery sales exceeded $113 billion,

Costco, $COST, selling as much as $200 million in gold bars monthly, Wells Fargo has said

Sales of gold bars at Costco are booming, with analysts at Wells Fargo estimating revenue could be as high as $100 million to $200 million per month. This rapid growth comes since the precious metal was introduced to the warehouse club in late summer 2023. Edward Kelly, an equity analyst

Millennials and Gen Z's trendy new splurge: groceries

According to a February report from McKinsey & Company, groceries are becoming a primary spending focus for younger generations. The report, which surveyed over 4,000 individuals spanning baby boomers to Gen Z, asked about their spending intentions for the year. Millennials and Gen Zers ranked groceries as their top

JPMorgan, $JPM, says stocks are so crowded they may crack at any time

JPMorgan, $JPM, says stocks are so crowded they may crack at any time. The chief global equity strategist at the Wall Street giant cautioned clients on Wednesday that they might find themselves "stuck on the wrong side" of the momentum trade when it eventually falters. He encouraged them

Tesla, $TSLA, has a plan to fend off cheaper competition from China with a $25,000 electric car

Tesla, $TSLA, has a plan to fend off cheaper competition from China with a $25,000 electric car The company is shifting to what it terms an “unboxed” approach, likened more to assembling Legos than a traditional production line. Instead of a large, rectangular car moving along a linear conveyer

Ken Griffin of Citadel: “It is irresponsible for the U.S. government to incur a deficit of 6.4% when unemployment is hovering around 3.75%. We must stop borrowing at the expense of future generations"

Hedge fund mogul Ken Griffin has criticized the "irresponsible" U.S. government for allowing the national debt to swell to $34.6 trillion and rising. In his year-end 2023 letter to investors, the Citadel CEO stated: "The surging U.S. public debt is a growing concern

UBS has said: the Federal Reserve is expected to cut interest rates three times this year and five more times next year

Investors are scaling back their expectations for interest rate cuts by the US Federal Reserve this year, as robust economic data strengthens the belief that the central bank will need to maintain higher borrowing costs to tackle inflation. The market now anticipates two quarter-point rate cuts by the Fed

Office vacancies are at an all time high

Office vacancies are at an all time high. "The office sector has broken its previous vacancy record set just a quarter ago," and is nearing the 20% mark, according to Moody’s. In the first quarter of this year, the office vacancy rate reached 19.8%, up from

President Joe Biden will announce on Monday his plans to cancel student debt for more than 30 million Americans by this fall

The Democratic president is set to announce plans in Madison, Wisconsin, which include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income. This move is estimated to eliminate the entirety of that interest for 23 million borrowers. Progressive voters, whom Biden hopes will support

The Bored Ape-themed hamburger restaurant in Long Beach, California has shut down

The Bored Ape-themed hamburger restaurant in Long Beach, California has shut down, per Web3IsGoingGreat. Bored & Hungry, a burger restaurant in Long Beach, California, launched a couple of months ago claiming to be the first restaurant to accept Ethereum and Apecoin.  Bored & Hungry, which opened in April, is

Brazil Supreme Court Justice Alexandre de Moraes has opened an inquiry into Elon Musk and 𝕏 for “obstruction of Justice” and “incitement to crime"

Following the closure of several accounts on his messaging platform X by Brazilian Supreme Court Justice Alexandre de Moraes due to the spread of misinformation and hate speech, tech billionaire Elon Musk responded with strong criticism and a threat. In response, Moraes has initiated an investigation against Musk, citing evidence

A Boeing, $BA, engine part fell off during Southwest flight takeoff, FAA has said

A Boeing plane's engine covering came loose and struck the plane's wing flap as Southwest Airlines Flight 3695, bound for Houston, took off from Denver International Airport on Sunday morning, officials reported. Following the incident, the aircraft safely returned to the airport around 8:15 a.

President Biden wants companies SpaceX that use American airspace for rocket launches to start paying taxes into a federal fund that finances the work of air traffic controllers

President Biden wants companies SpaceX that use American airspace for rocket launches to start paying taxes into a federal fund that finances the work of air traffic controllers, per NYT. President Joe Biden is proposing that private space companies like Elon Musk's SpaceX and Jeff Bezos' Blue

The average worker now logs off at 4 p.m. on Fridays

Conversations about implementing four-day workweeks have faded amid the pandemic, but U.S. workers are now signing off earlier on Fridays, a trend that has persisted. The pandemic's impact on work habits, such as lighter Friday workloads while remote, has endured. Analysis of sign-off times from