Unusual Whales

The qualifying yearly income for a median-priced house in 2020 was $49,680

The qualifying yearly income for a median-priced house in 2020 was $49,680. Now it’s more than $107,000, according to the NAR Morgan Stanley reverses course on the housing market, seeing a lot more pain ahead for homebuyers. The current housing market is facing challenges not seen in

The national average for a midrange bathroom remodel is $24,606

The national average for a midrange bathroom remodel is $24,606, per WSJ. The evolution of bathrooms has come a long way from the simple pedestal sink and alcove tub. Nowadays, people desire a personalized space that exudes not just functionality but also a sense of "joy and tranquility,

Equitable Bank in Canada, Canada’s seventh-largest bank, has announced that, in partnership with a third-party lender, it is introducing a new 40-year amortization mortgage product

Equitable Bank in Canada, Canada’s seventh-largest bank, has announced that, in partnership with a third-party lender, it is introducing a new 40-year amortization mortgage product, per CBC. The Canadian housing market is currently facing a high risk of unraveling, according to expert analysis. The precarious situation is primarily attributed

Boeing, $BA, has now lost more than $1 billion on each of the president’s two new jets

Boeing, $BA, has now lost more than $1 billion on each of the president’s two new jets, per CNN. On Wednesday, Boeing disclosed another $482 million in losses related to the contract for retrofitting two 747 jets into the next generation of the presidential plane, bringing the total losses

Biotech Sector News, highlighting BIIB, ALNY, and PETV

Every day, Unusual Whales will be doing sector news for the week, sponsored by an advertiser. Today is biotech, sponsored by $PETV! * BMY has earnings today * RCKT can quadruple per Cantor Fitzgerald * BIVI presenting data end of Oct * PETV released PR that they received a response at the 2023 Veterinary

Workers are the unhappiest they've been in 3 years—and it can cost the global economy $8.8 trillion

Workers are the unhappiest they've been in 3 years—and it can cost the global economy $8.8 trillion, per CNBC. New research conducted by BambooHR suggests that employee job satisfaction has been on a steady decline since 2020, reaching a notable drop this year, despite improvements following

The IRS has detailed tax dodging by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes

The IRS has detailed tax dodging by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes, per Bloomberg. The Internal Revenue Service (IRS) has announced that it collected $160 million in delinquent taxes this year by targeting affluent individuals who had not met their

U.S. banks could be grappling with at least $650 billion of unrealized losses in their securities portfolios

U.S. banks could be grappling with at least $650 billion of unrealized losses in their securities portfolios, per Reuters. In the third quarter, Bank of America (BAC.N) disclosed unrealized losses of $131.6 billion on its securities portfolio, showing an increase from the second quarter. Nevertheless, the bank

Most men experience the bulk of their wage growth by 35, with those in the middle cohort of incomes seeing a 65% uptick between 25 and 35

Most men experience the bulk of their wage growth by 35, with those in the middle cohort of incomes seeing a 65% uptick between 25 and 35, per Bloomberg. Women say they would need to earn roughly $237,000 annually to be comfortable and about $502,000 a year to

Russia has tested its ability to deliver a massive retaliatory nuclear strike

Russia has conducted a successful test to demonstrate its capability of executing a substantial retaliatory nuclear strike through land, sea, and air, according to an official statement from the Kremlin on Wednesday. This show of force coincides with Moscow's decision to withdraw its ratification of a significant nuclear

Russia has tested its ability to deliver a massive retaliatory nuclear strike

Russia has tested its ability to deliver a massive retaliatory nuclear strike, per Reuters. Russia has conducted a successful test to demonstrate its capability of executing a substantial retaliatory nuclear strike through land, sea, and air, according to an official statement from the Kremlin on Wednesday. This show of force

The UFC has signed a new partnership with Anheuser-Busch, $BUD, that makes Bud Light once again the official beer of the promotion

The UFC has signed a new partnership with Anheuser-Busch, $BUD, that makes Bud Light once again the official beer of the promotion, per ESPN. The UFC has officially inked a new partnership with Anheuser-Busch, designating Bud Light as the promotion's official beer once again, according to officials who

McDonald’s, $MCD, is giving away free fries every Friday for the rest of the year if you download the McDonald’s app and make an account

McDonald’s, $MCD, is giving away free fries every Friday for the rest of the year if you download the McDonald’s app and make an account. McDonald's enthusiasts who are part of the rewards program can utilize the chain's app to claim the offer. To

Most US mortgages are at rates below 4%

Most US mortgages are at rates below 4%, per Bloomberg. Many Americans who desire to relocate are confined to their current homes due to "golden handcuffs" – the dilemma of low interest rates they can't afford to give up. This phenomenon is causing a shortage of homes

Cash is now paying a higher yield in interest than the stock market does in earnings

Cash is now paying a higher yield in interest than the stock market does in earnings, per Bloomberg. The fixed-income market has experienced greater volatility than stocks, and according to one metric, bond price fluctuations are expected to surpass those in the equity market by the most in over 18

64% of Americans would welcome a recession if it meant lower mortgage rates

64% of Americans would welcome a recession if it meant lower mortgage rates, per USA today. A study conducted by Harris Poll on behalf of Credit Karma, designed exclusively for USA TODAY, revealed that 64% of Americans feel "ready for a recession" if it means they can afford

Jon Stewart's show has been canceled by Apple, $AAPL

Jon Stewart's show has been canceled by Apple, $AAPL. Comedian Jon Stewart's talk show on Apple TV+ has been reportedly axed after only two seasons. Sources suggest that the cancellation was influenced by conflicts between the host and Apple, particularly regarding the show's content,

Toronto skyscraper with $1.2 billion of debt has been put in receivership

Toronto skyscraper with $1.2 billion of debt has been put in receivership, per Bloomberg. A prominent condominium development in Toronto, known as "The One," has been mired in setbacks and delays for nearly a decade. Recently, the project faced a major setback when its primary lender took

Big banks are quietly cutting thousands of employees, and more layoffs are coming

Big banks are quietly cutting thousands of employees, and more layoffs are coming, per CNBC. Throughout the year, the largest American banks have been discreetly reducing their workforce, with some of the most significant layoffs yet to occur. Despite the economy's surprising resilience, many lenders have initiated job

Morgan Stanley reverses course on the housing market, seeing a lot more pain ahead for homebuyers

Morgan Stanley reverses course on the housing market, seeing a lot more pain ahead for homebuyers. The current housing market is facing challenges not seen in quite some time, although the exact comparison period varies. Existing home sales have experienced their most significant decline since 2010, during the Great Recession,

Car owners fall behind on payments at highest rate on record

Car owners fall behind on payments at highest rate on record, per Bloomberg. In nearly three decades, Americans are experiencing the highest rate of falling behind on their auto loans. As interest rates rise, making newer loans more costly, millions of car owners are encountering difficulties in meeting their payment

$124.5 billion worth of bonds are now in default in the entire $175 billion China property dollar bond sector

$124.5 billion worth of bonds are now in default in the entire $175 billion China property dollar bond sector, per Reuters. China's property sector is expected to face more debt defaults as struggling developers grapple with a challenging outlook for home sales and difficulties in raising funds,

There were a total of 37,679 U.S. properties with foreclosure filings in September 2023, up 11% from the previous month

There were a total of 37,679 U.S. properties with foreclosure filings in September 2023, up 11% from the previous month and up 18% from September 2022, per ATTOM. The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year

Tyson Foods, $TSN, making its first foray into the insect-protein industry as the meat giant seeks to diversify its operations

Tyson Foods, $TSN, making its first foray into the insect-protein industry as the meat giant seeks to diversify its operations, per Bloomberg. Tyson Foods Inc., the prominent American meatpacker, is venturing into the insect-protein industry, marking its first involvement in this sector as part of its strategy to diversify its

China sells the most US assets in 4 years, dumping $21 billion of US stock and Treasury bonds

China sells the most US assets in 4 years, dumping $21 billion of US stock and Treasury bonds, per BI. In the month of August, Chinese investors divested $21.2 billion worth of US assets, marking the most significant outflow in four years, as reported by data from the US