Unusual Whales

Japan's economy unexpectedly contracted for a second quarter at the end of 2023, slipping into recession

Japan's economy unexpectedly contracted for a second quarter at the end of 2023, slipping into recession, per Bloomberg. Japan unexpectedly slipped into a recession as its economy shrank for a second consecutive quarter due to weak domestic demand, leading some observers to revise their expectations on when the

$WISH has been sold for to Asian Ecommerce Platform Qoo10 for $173 million

The parent company of the discount online retailer Wish has agreed to sell its assets and liabilities for $173 million to the Singaporean e-commerce company Qoo10. ContextLogic Inc. will sell assets, including Wish, to Qoo10 for $6.50 per share in cash, as confirmed by a statement on Monday,

Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings

Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings. The sales began Friday, as detailed in the filing, and continued on Monday. Bezos sold a total of 11,997,698 shares in the company for approximately $2.08 billion, according

Raising a child from birth to age 18 now costs an average of $237,482

Raising a child from birth to age 18 now costs an average of $237,482, per BI. Millions of Americans find it challenging to save money, leaving them financially strained as they approach a significant life event: having a child. Raising a child from birth to age 18 now costs

Some young Americans are giving up on ever owning a home

Some young Americans are giving up on ever owning a home, per CNN. Americans are grappling with the toughest housing market in a generation, making the dream of owning a home increasingly elusive for many young people. Mortgage rates have surged in recent years, reaching their highest levels in over

Credit card debt jumped 14.5% in the fourth quarter up 2023

Credit card debt jumped 14.5% in the fourth quarter up 2023, per CNBC. Delinquency rates for credit cards and auto loans surged to their highest levels since the Great Recession, as revealed in a report released by the New York Fed on Tuesday. Why it's important: The

German banks braces for wave of bad loans in ‘greatest real estate crisis since the financial crisis'

German banks braces for wave of bad loans in ‘greatest real estate crisis since the financial crisis,' per CNN. Deutsche Pfandbriefbank (PBB), a German lender specializing in real estate, has increased its provisions for bad debts in anticipation of what it describes as the most significant decline in commercial

Remote workers 35% more likely to be fired than those who return to office

Remote workers 35% more likely to be fired than those who return to office, per NYP. The Wall Street Journal reported new data indicating that in 2023, full-time remote workers were 35% more likely to be laid off than their in-office counterparts. Live Data Technologies' data revealed

CPI comes in at 3.1% vs 2.9% expected

CPI comes in at 3.1% vs 2.9% expected . Inflation, as measured by the consumer price index (CPI), exceeded expectations for January. The CPI's year-over-year increase for January was projected to be 2.9%, a significant slowdown from December's 3.4% reading. However,

Russian President Vladimir Putin's suggestion of a ceasefire in Ukraine to freeze the war was rejected by the United States

Putin's strategy has failed, marking the start of the third year of Europe's deadliest conflict since World War II and underscoring the vast divide between the world's top two nuclear powers. A U.S. source refuted claims of any official contact and affirmed that

Elon Musk has said: US national debt growth is unsustainable

Elon Musk has said: US national debt growth is unsustainable In a recently released interview, US Federal Reserve Chair Jerome Powell cautioned that the United States is traversing a perilous trajectory, marked by a staggering $34 trillion national debt that soared to unprecedented heights due to pandemic-related expenditures. Addressing

History shows U.S. stocks falling more than 20% as Fed initiates rate cuts

History shows U.S. stocks falling more than 20% as Fed initiates rate cuts. A senior official at the US Federal Reserve cautioned on Tuesday against initiating interest rate cuts prematurely, despite recent progress made against inflation. The Fed has swiftly elevated interest rates to a 23-year peak as

Some 43% of Gen Z and 41% of millennials say they suffer from a flawed perception of their finances, dubbed money dysmorphia

Some 43% of Gen Z and 41% of millennials say they suffer from a flawed perception of their finances, dubbed money dysmorphia, per CreditKarma. In late 2023, a novel trend emerged both online and across various social media platforms, where individuals began questioning their financial status. This trend, termed "

60% of 30- to 34-year-olds in 1993 having at least one child; today, that's plunged to 27%

60% of 30- to 34-year-olds in 1993 having at least one child. Today, that's plunged to 27%. Having a college degree is associated with increased lifetime earnings and various financial advantages. However, there is a downside: A higher proportion of young adults have student loans compared

Apple, $AAPL, researchers have released a new model that lets users describe in plain language what they want to change in a photo without ever touching photo editing software

Apple, $AAPL, researchers have released a new model that lets users describe in plain language what they want to change in a photo without ever touching photo editing software, per the Verge. The collaborative effort between Apple and the University of California, Santa Barbara resulted in the development of the

January was the hottest ever

January was the hottest ever, per Bloomberg. The latest data from the European Union's climate change monitoring service Copernicus confirms that 2024 has already broken records, marking the hottest January ever recorded. According to Copernicus, the global average air temperature for January 2024 was 13.14 degrees Celsius,

Kamala Harris has said she is ready to serve as Biden faces age scrutiny

Kamala Harris has said she is ready to serve as Biden faces age scrutiny, per WSJ. In a Wall Street Journal interview published on Monday, US Vice President Kamala Harris expressed her readiness to assume leadership responsibilities amidst mounting voter concerns about President Joe Biden's age in an

45% of Gen Z and millennials are obsessed with the idea of being rich (44% and 46%, respectively)

45% of Gen Z and millennials are obsessed with the idea of being rich (44% and 46%, respectively), per CreditKarma. In late 2023, a novel trend emerged both online and across various social media platforms, where individuals began questioning their financial status. This trend, termed "money dysmorphia," refers

Uber, $UBER, Lyft, $LYFT, DoorDash, $DASH, drivers in the US to strike on Valentine's Day for fair pay

Uber, $UBER, Lyft, $LYFT, DoorDash, $DASH, drivers in the US to strike on Valentine's Day for fair pay. The impending strike marks the first since Uber and Lyft became publicly traded companies in 2019. Drivers intend to stage demonstrations outside airports and Uber offices, as indicated by two

OpenAI CEO Sam Altman seeks as much as $7 trillion for new AI chip project

OpenAI CEO Sam Altman seeks as much as $7 trillion for new AI chip project, per WSJ. According to a report from The Wall Street Journal, Sam Altman, the CEO of OpenAI, is in search of trillions of dollars in investments to revolutionize the global semiconductor industry. Altman has consistently

60% of American millennials would take a 20% salary cut for better work-life balance

With more than ten years of work experience under their belt, millennials appear to have reached a tipping point and are prepared to ease back. An astonishing 55% of millennials globally are willing to trade a substantial 20% of their salary in exchange for achieving a better equilibrium between work

A gap between men and women is occurring, per FT, in political ideology with men becoming more conservative and females becoming more liberal

A gap between men and women is occurring, per FT, in political ideology with men becoming more conservative and females becoming more liberal In nations across every continent, there has emerged a noticeable ideological divide between young men and women. Millions of individuals who inhabit the same urban areas, workplaces,

Housing is unaffordable for a record half of all U.S. renters

Housing is unaffordable for a record half of all U.S. renters, per Harvard Researchers. The State of the Nation's Housing 2023, a report published by Harvard's Joint Center for Housing Studies, reveals that a record number of American renters are facing significant financial burdens due

Nvidia, $NVDA, is now worth as much as the entire Chinese stock market

Nvidia's remarkable growth trajectory has led to a valuation equivalent to the entirety of China's stock market. According to a recent research note by Bank of America's chief investment strategist, Michael Harnett, Nvidia's market capitalization surged by $600 billion in just two

Chinese hackers infiltrated plane, train and water systems for five years

Chinese hackers infiltrated plane, train and water systems for five years. American and allied intelligence agencies, including the US National Security Agency, US cyber watchdog CISA, the FBI, and the Transportation Security Administration, revealed in a joint statement on Wednesday that an advanced Chinese hacking group targeting critical US infrastructure