Unusual Whales

This was Janet Yellen ordering In-n-out before heading to the airport to greet Xi Jinping

This was Janet Yellen ordering In-n-out before heading to the airport to greet Xi Jinping, per Bloomberg: U.S. Treasury Secretary Janet Yellen has been frequently seen dining in the Bay Area during the Asia-Pacific Economic Cooperation (APEC) forum. Bloomberg News Treasury reporter Viktoria Dendrinou shared a photo on Twitter

Thousands of Starbucks, $SBUX, workers at hundreds of stores will strike on November 16,

On Monday, the Workers United union announced that thousands of Starbucks employees at hundreds of stores plan to participate in a walkout on the upcoming Red Cup day promotional event this week. The union cited concerns related to staffing and scheduling as the reasons behind the walkout. Red Cup day,

The House has passed the stopgap funding bill

The House has passed the stopgap funding bill. The vote, with a count of 336-95, saw support from 209 Democrats and 127 Republicans. Ninety-three Republicans opposed it, surpassing the number from the previous government funding bill in September. Only two Democrats, Jake Auchincloss of Massachusetts and Mike Quigley of Illinois,

1 in 2 Americans say their overall financial situation is worse now than it was before Biden was elected

1 in 2 Americans say their overall financial situation is worse now than it was before Biden was elected, per Bankrate. Since the November 2020 presidential election, Americans have encountered numerous challenges in recovering from the economic impacts of COVID-19. These include surging inflation, increasing interest rates, and wages that

The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation's cattle herd to its lowest level in decades

The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation's cattle herd to its lowest level in decades, per Reuters. The United States is witnessing record beef imports and reduced exports this year, a consequence of ranchers cutting the

Only 2% of the 140K migrants who have come to NYC have applied for work permits

Only 2% of the 140K migrants who have come to NYC have applied for work permits, per NYP. Approximately 3,200 asylum seekers in New York City have completed the necessary paperwork to initiate the process of obtaining legal employment, nearly 18 months after the persistent surge in migrant arrivals

The share of Americans working remotely has fallen to the lowest level since the end of the pandemic

The share of Americans working remotely has fallen to the lowest level since the end of the pandemic, per the Household Pulse Survey. Recent data from the two most recent Census Bureau Household Pulse Surveys indicates that less than 26% of US households now have someone working remotely at least

Auto insurance rates are rising at the fastest pace in nearly 50 years

Auto insurance rates are rising at the fastest pace in nearly 50 years An auto loan debt crisis looks imminent, per AutoMoBlog. Auto loan delinquencies among subprime borrowers reached a nearly-30-year high in September of 6.1% – the highest rate since 1994, per the Fed. The ability of car owners

10% of U.S. home sellers are former remote workers who are being called back into the office

10% of U.S. home sellers are former remote workers who are being called back into the office. Return-to-office policies are becoming a significant factor in the real estate market, as revealed by a survey from Redfin. The survey indicates that approximately 10% of home sales are influenced by employees

US CPI at 3.2% vs 3.3% expected

US CPI at 3.2% vs 3.3% expected. In October, inflation showed no change compared to the previous month, offering a hopeful indication that the persistent high prices in the U.S. economy might be loosening their grip and potentially signaling to the Federal Reserve that it can halt

A payment shock is coming for most Canadians with mortgages

A payment shock is coming for most Canadians with mortgages, per RBC. 24% of mortgage holders in Canada are having trouble paying their monthly payments, per the Canada Mortgage and Housing Corporation. Meanwhile, three prominent Canadian banks have disclosed that approximately 20% of their residential mortgage borrowers, representing nearly $130

Michael Burry’s Scion has purchased puts on 100,000 shares of Blackrock's iShares Semiconductor ETF with a nominal value of $47 million

Michael Burry’s Scion has purchased puts on 100,000 shares of Blackrock's iShares Semiconductor ETF with a nominal value of $47 million. In the most recent update on his portfolio, Michael Burry revealed that he closed his bets against the S&P 500 and Nasdaq 100

An auto loan debt crisis looks imminent

An auto loan debt crisis looks imminent, per AutoMoBlog. Auto loan delinquencies among subprime borrowers reached a nearly-30-year high in September of 6.1% – the highest rate since 1994, per the Fed. The ability of car owners to afford their vehicle payments is being hampered by higher car prices and

Argentina’s inflation is now at 142.7%

Argentina’s inflation is now at 142.7%. Amid Argentina's severe economic crisis with inflation soaring above 140%, cash-strapped citizens are increasingly turning to second-hand clothing markets. The country, grappling with widespread poverty and an impending recession, is witnessing a surge in people seeking affordable apparel and selling

Average credit card balances top $6,000, a 10-year high

Average credit card balances top $6,000, a 10-year high, per CNBC. Credit card debt has reached $1.08 trillion in US, an all time high. The burden of credit card debt is on the rise. As of Tuesday, Americans collectively owe $1.08 trillion in credit card debt, as

Bank of Canada has said it is not seeing the decline in house prices it had expected

Bank of Canada has said it is not seeing the decline in house prices it had expected, per the Globe and Mail. The Bank of Canada revealed that the impact of higher interest rates on home prices has been less significant than anticipated due to a persistent shortage of housing

Gen Z wants to retire early

Per Yahoo Finance The retirement savings of Gen Z has come into question as a new report shows that the median for all of their retirement savings accounts sits at just $33,000. However, not all Gen Zers have reached working age. For those that are still confused, Gen Zs

Auto loan delinquencies among subprime borrowers reached a nearly-30-year high in September of 6.1% – the highest rate since 1994

Auto loan delinquencies among subprime borrowers reached a nearly-30-year high in September of 6.1% – the highest rate since 1994, per the Fed. The ability of car owners to afford their vehicle payments is being hampered by higher car prices and increasing interest rates. Data from Fitch Ratings reveals that

Taiwan is preparing to send two battalions of ground troops to the US for training, the first time this has happened since the 1970s

Taiwan is preparing to send two battalions of ground troops to the US for training, the first time this has happened since the 1970s. When President Joe Biden approved a $80 million grant to Taiwan for the purchase of American military equipment, China expressed its opposition. Though seemingly modest, the

An article in the Globe: An apology to the next generation - sorry your living standards may be lower

An article in the Globe: An apology to the next generation - sorry your living standards may be lower. Bloomberg has an article recently written: The US economy is now breaking in plain sight. CNBC says: Something is breaking in the financial markets Meanwhile, Hedge funds using computers to trade

The US Air Force has carried out two new airstrikes against Iranian proxy targets in Eastern Syria

The US Air Force has carried out two new airstrikes against Iranian proxy targets in Eastern Syria moments ago. The UK-based Syrian Observatory for Human Rights (SOHR) reported on Monday that suspected US air planes targeted Iranian-backed armed groups in Syria. SOHR said that they targeted a military headquarters near

“What are the chances of a Gaza ceasefire?” Biden: “None. No possibility.”

“What are the chances of a Gaza ceasefire?” Biden: “None. No possibility.” Per Al Jeezera: Israel has agreed to begin daily four-hour pauses in fighting in northern Gaza to allow people to flee hostilities, the White House has announced, in what it called a step in the right direction. US

The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable

The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable According to Andy Walden, ICE Vice President of Enterprise Research, the current housing market is facing a significant challenge to return to pre-pandemic affordability. He outlined three extreme scenarios that

The FBI seized Mayor Eric Adams’s phones amid an investigation of his 2021 campaign

The FBI seized Mayor Eric Adams’s phones amid an investigation of his 2021 campaign, per the Hill. Earlier this week, the FBI seized electronic devices belonging to New York City Mayor Eric Adams as part of an investigation into potential illegal campaign donations from Turkish nationals. Federal agents approached

Moody's changes outlook on United States' ratings to negative from stable

Moody's changes outlook on United States' ratings to negative from stable. The rating agency expressed concerns about the persistently large fiscal deficits in the U.S., anticipating a substantial weakening of debt affordability. William Foster, a senior credit officer at Moody's, highlighted increased downside risks