Unusual Whales

Charlie Munger of Berkshire Hathaway, $BRK.A, $BRK.B, has died

Charlie Munger of Berkshire Hathaway, $BRK.A, $BRK.B, has died, per Bloomberg Read full article: https://finance.yahoo.com/news/charlie-munger-warren-buffetts-longtime-investing-partner-dies-at-99-211406297.html In a momentous partnership that captivated millions globally, Warren Buffett and Charlie Munger successfully shaped Berkshire Hathaway

“Every person on social media should be verified by their name. It's a national security threat," Nikki Haley has said

“Every person on social media should be verified by their name. It's a national security threat," Nikki Haley has said. Nikki Haley, a Republican presidential candidate, has put forth a proposal advocating for the mandatory verification of social media users by their legal names online. Citing national

A surge in respiratory illnesses across China that has drawn the attention of the World Health Organization is caused by the flu and other known pathogens and not by a novel virus

A surge in respiratory illnesses across China that has drawn the attention of the World Health Organization is caused by the flu and other known pathogens and not by a novel virus, the country's health ministry has said. Mysterious respiratory outbreak in China gets attention of World Health

China will allow citizens from countries including France, Germany and Italy to enter the country without a visa

China will allow citizens from countries including France, Germany and Italy to enter the country without a visa, per Bloomberg. Read full article: https://www.cnbc.com/2023/11/25/china-offers-visa-free-entry-for-citizens-of-france-germany-italy.html China is set to grant temporary visa exemptions

An ex-Google, $GOOGL, employee has said that company has an "eroded" culture and morale is at "an all-time low"

An ex-Google, $GOOGL, employee has said that company has an "eroded" culture and morale is at "an all-time low," per BI. Former Google employee Ian "Hixie" Hickinson has voiced strong criticism against Google CEO Sundar Pichai, accusing him of lacking visionary leadership

A jury has found that U.S. egg producers conspired to fix prices from 2004 to 2008

A jury has found that U.S. egg producers conspired to fix prices from 2004 to 2008, per MW. Read full article: https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-8cd455003a3a40bab74d0f046d0f2c9d This week, an Illinois jury reached a verdict in a federal lawsuit filed 12 years ago, ruling

80% of American households are in a worse financial position now than they were before the covid pandemic hit

80% of American households are in a worse financial position now than they were before the covid pandemic hit, per YahooFinance. Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, per

American families increasingly believe the American dream is out of reach, with 42% believing it is no longer possible

American families increasingly believe the American dream is out of reach, with 42% believing it is no longer possible, per FOX. Read more: https://www.foxbusiness.com/economy/american-families-increasingly-believe-american-dream-out-reach The most recent State of the American Family survey, unveiled by MassMutual this month,

Elon Musk told Israeli Prime Minister Benjamin Netanyahu that he wants to help rebuild Gaza after the end of the Israel-Hamas war

Elon Musk told Israeli Prime Minister Benjamin Netanyahu that he wants to help rebuild Gaza after the end of the Israel-Hamas war, per Axios. Read full article: https://www.axios.com/2023/11/27/elon-musk-visit-israel-netanyahu-hamas-attack Elon Musk expressed his intention to assist in

UK records first human case of new swine flu strain H1N2

UK records first human case of new swine flu strain H1N2, per Reuters. Read full article: https://www.reuters.com/business/healthcare-pharmaceuticals/britain-detects-first-human-case-flu-strain-similar-pig-virus-2023-11-27/#:~:text=LONDON%2C%20Nov%2027%20(Reuters),mild%20illness%20and%20fully%20recovered. On Monday,

The SEC has adopted a financial crisis-inspired rule barring traders in asset-backed securities from betting against the same assets they sell to investors

The SEC has adopted a financial crisis-inspired rule barring traders in asset-backed securities from betting against the same assets they sell to investors, per Reuters. Read full article by Reuters: https://www.reuters.com/markets/us/wall-st-regulator-adopts-dodd-frank-rule-against-trader-conflicts-2023-11-

Mark Cuban says he is leaving “Shark Tank” after the popular ABC show’s next season wraps up, ending an over 10-year-long tenure during which he’s invested at least $29 million in at least 85 companies whose founders appeared on the show

Mark Cuban says he is leaving “Shark Tank” after the popular ABC show’s next season wraps up, ending an over 10-year-long tenure during which he’s invested at least $29 million in at least 85 companies whose founders appeared on the show, per Forbes. Read full article

Some OpenAI engineers make as much as $800,000

Some OpenAI engineers make as much as $800,000, per BI. OpenAI has reinstated its Chief Executive Officer, Sam Altman, following a situation where hundreds of employees threatened to quit over his removal. This incident underscores the significant leverage held by highly valued tech workers in the industry. Artificial intelligence

Amazon, $AMZN, is trialling humanoid robots in its US warehouses

Amazon, $AMZN, is trialling humanoid robots in its US warehouses. Amazon is conducting trials of humanoid robots in its US warehouses, marking another step in the tech giant's increasing automation efforts. The company stated that the goal is to "free employees up to better deliver for our

President Biden: I’m determined to put an end to trickle-down economics

President Biden: I’m determined to put an end to trickle-down economics. I look at the economy through the eyes of the people I grew up with in Scranton and Claymont. Full comments: Well, guess what?  I’m pretty sure you saw in your home what I saw in

Vox has written: "Wages are rising. Jobs are plentiful. Nobody’s happy."

Vox has written: "Wages are rising. Jobs are plentiful. Nobody’s happy." Meanwhile, 55% of workers say their pay isn’t keeping up with inflation, per CNBC. Salary increases are not keeping up with the cost of living increases, per J.P. Morgan. Per CNBC:  40% of Americans

Last week, President Xi Jinping said China wants to be friends with the US and that his nation won’t fight a war with anyone, one of his clearest remarks yet proclaiming a desire for peaceful ties between the world’s two largest economies

In a recent address to business leaders in San Francisco, following his meeting with U.S. President Joe Biden, Chinese President Xi Jinping expressed China's desire for amicable relations with the United States. He emphasized that China has no aspirations to challenge or dethrone the U.S. and

Argentina's President-elect Javier Milei has said that he will close Argentina’s central bank

Argentina's President-elect Javier Milei has said that he will close Argentina’s central bank, per Reuters. Javier Milei, Argentina's President-elect, affirmed on Friday that the closure of the country's central bank, a central campaign promise, is a "non-negotiable matter."

Across the board, there's disinflation in the US economy, and we're heading back to 2%, per JPMorgan

Across the board, there's disinflation in the US economy, and we're heading back to 2%, per JPMorgan. Following the release of the October Consumer Price Index (CPI) report, yields on two-year Treasuries witnessed a notable decline, while stock futures saw a significant surge. The report,

It’s the best time to buy a US home since mid-September, as mortgage rates fall and sellers drop prices, per Redfin

Mortgage rates have experienced a rapid decline, plummeting from a two-decade high of 8% to 7.4% in the past three weeks, providing potential homebuyers with a chance to secure a lower rate, as reported by Redfin, the technology-driven real estate brokerage. Several macroeconomic factors contributed to the

The Economist has said a "second Trump term would be a watershed in a way the first was not" and the "fate of the world" will depend on the ballots of "tens of thousands of voters in just a handful of states" in the 2024 presidential election

The Economist has said a "second Trump term would be a watershed in a way the first was not" and the "fate of the world" will depend on the ballots of "tens of thousands of voters in just a handful of states" in the

72% of Millennials and 67% of Gen Z say money can buy happiness

72% of Millennials and 67% of Gen Z say money can buy happiness, per Empower. Empower's "Financial Happiness" study reveals that 59% of Americans, including 72% of Millennials and 67% of Generation Z, believe money can buy happiness, with the perceived price tag being $1.2

Microsoft, $MSFT, will let users uninstall Edge, Bing, and disable ads on Windows 11 as it complies with the Digital Markets Act

Microsoft, $MSFT, will let users uninstall Edge, Bing, and disable ads on Windows 11 as it complies with the Digital Markets Act, per Windows Central. Microsoft has outlined changes to Windows 11 to comply with the Digital Markets Act (DMA) in the European Economic Area (EEA). Users within the EEA

The U.S. will enter the 22nd century with a shrinking population unless immigration increases

The U.S. will enter the 22nd century with a shrinking population unless immigration increases, per the Census. The United States is projected to face a declining population in the 22nd century unless there is an increase in immigration, according to new projections from the U.S. Census Bureau released

Almost a third of millionaires in the US now say they're part of the middle class

Almost a third of millionaires in the US now say they're part of the middle class, per CNBC. Approximately 60% of investors with investable assets exceeding $1 million classify themselves as upper middle class, according to a recent survey by Ameriprise Financial. Additionally, nearly one-third (31%) of