Unusual Whales

The IRS has stated that from 2004 to 2013, Microsoft, $MSFT, underpaid its taxes by $28.9 billion

The IRS has stated that from 2004 to 2013, Microsoft, $MSFT, underpaid its taxes by $28.9 billion. Per CNBC: Microsoft plans to contest the notices through the IRS’ administrative appeal and is willing to go to judicial proceedings, if necessary. “Microsoft disagrees with these proposed adjustments and will pursue

George Santos was charged with conspiracy, wire fraud, false statements, falsification of records, aggravated identity theft and credit card fraud

US prosecutors have filed an array of criminal charges against embattled Representative George Santos, accusing him of accruing multiple charges on the credit cards of campaign donors. The Department of Justice has lodged 23 charges against the Republican, including wire fraud and identity theft. This legal action builds upon an

White-collar jobs are the most at risk in the looming recession

White-collar jobs are the most at risk in the looming recession, per Bloomberg. Bloomberg has also said: A US recession is still likely — and coming soon. Banks are bracing for a recession, per MarketWatch. "There is currently no obstacle preventing higher Treasury yields," states Kathy Jones, Chief Fixed-Income

Canada has seen a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets

Canada has seen a surge in homelessness that has seen tens of thousands of people priced out of rental and real estate markets, per Barrons. The average cost of a home in Canada is $754,700 CAD, per DollarWise. Meanwhile, Canada's housing starting constructions are not keeping pace

Median-priced single-family homes and condos are becoming unaffordable compared to historical averages in 99% of the counties in the US

Median-priced single-family homes and condos are becoming unaffordable compared to historical averages in 99% of the counties in the U.S, per ATTOM. A recent report from ATTOM reveals that homeownership expenses have become increasingly unaffordable in a staggering 79% of US counties. This financial strain comes as home prices

Stocks are in a bubble and could crash by over 50%

Stocks are in a bubble and could crash by over 50%, per Jeremy Grantham. Home prices in the US will fall 30%, per Jeremy Grantham. This was on a podcast, per BI. "Forty years of lower and lower interest rates push asset prices up, particularly housing through the mortgage

A second war could erupt in Europe between Serbia and Kosovo

A second war could erupt in Europe between Serbia and Kosovo, per CNBC. Meanwhile, tensions have heightened in another part of Europe, which remains exceptionally volatile after a brutal and intricate conflict in the 1990s. Analysts express apprehension over the escalating hostilities between Serbia and Kosovo, historically strained, with recent

There's approximately $250 billion worth of mortgages in Canada that are currently amortized for 35 years or longer

There's approximately $250 billion worth of mortgages in Canada that are currently amortized for 35 years or longer, per CBC. That's 12% of all mortgages. Three prominent Canadian banks have disclosed that approximately 20% of their residential mortgage borrowers, representing nearly $130 billion in loans, are

A prospective buyer in Manhattan would have to make $407,125 a year to afford a typical home

A prospective buyer in Manhattan would have to make $407,125 a year to afford a typical home, per ATTOM. A buyer on a $3,000 monthly budget can afford a $419,000 home with a 7.7% mortgage rate. They lost $38,000 in purchasing power since last October.

Caroline Ellison has said SBF directed her to commit crimes

Caroline Ellison has said SBF directed her to commit crimes. Caroline Ellison, the former CEO of Alameda Research, took the stand as the fifth prosecution witness in Sam Bankman-Fried's six-week trial. She asserted that the ex-FTX CEO instructed her to engage in fraud and money laundering activities. During

Bipartisan bill to appropriate $2 billion for Israel introduced, including to restock Israel’s iron dome.

On Tuesday, President Joe Biden confirmed that Americans are indeed among the hostages held by Hamas following its weekend rampage. In a passionate and indignant condemnation of the terror, he expressed his anticipation of a robust retaliation by Israel. During his address, the president vividly depicted the atrocities committed by

Biden says Israel has right and duty to respond to attacks

On Tuesday, President Joe Biden confirmed that Americans are indeed among the hostages held by Hamas following its weekend rampage. In a passionate and indignant condemnation of the terror, he expressed his anticipation of a robust retaliation by Israel. During his address, the president vividly depicted the atrocities committed by

The White House is considering a move to attach Ukraine funding to a request for urgent aid to Israel

The White House is considering a move to attach Ukraine funding to a request for urgent aid to Israel, per WaPo. The White House is contemplating the inclusion of Ukraine funding in an urgent aid request for Israel, aiming to enhance the likelihood of Congress approving aid to Kyiv despite

Bloomberg has said: A US recession is still likely, and coming soon

Bloomberg has said: A US recession is still likely — and coming soon. Banks are bracing for a recession, per MarketWatch. "There is currently no obstacle preventing higher Treasury yields," states Kathy Jones, Chief Fixed-Income Strategist at Schwab Center for Financial Research. While bank stocks are poised for annual

50% of young adults are living with their parents, an all time high per Morgan Stanley

50% of young adults are living with their parents, an all time high per Morgan Stanley. Recent data from the US Census Bureau shows that nearly half of young Americans between the ages of 18 and 29 are living with their parents today. That's a historical high not

BlackRock CEO Larry Fink has said: "“The biggest issue for me—and I say this to every governmental leader I see worldwide—what the world is missing today is hope"

BlackRock CEO Larry Fink has said: "“The biggest issue for me—and I say this to every governmental leader I see worldwide—what the world is missing today is hope. I see more fear than any time in my business career." “[BlackRock] is the largest retirement manager in

Banks are bracing for a recession

Banks are bracing for a recession, per MarketWatch. "There is currently no obstacle preventing higher Treasury yields," states Kathy Jones, Chief Fixed-Income Strategist at Schwab Center for Financial Research. While bank stocks are poised for annual losses due to a pronounced increase in interest rates, the banking industry&

Americans are still spending like there’s no tomorrow

Americans are still spending like there’s no tomorrow, per WSJ. Meanwhile, 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 Bloomberg. For the bottom 80% of households by income,

A severe crash in prices is coming for US office properties

A severe crash in prices is coming for US office properties, per Bloomberg. The United States is on the verge of an impending crash in office prices, and the commercial real estate market is expected to undergo at least another nine months of decline, as indicated by Bloomberg's

Yellen: US likely to take steps to enforce $60/barrel oil

* “We are looking at enforcement very carefully and we want to make sure that market participants are aware we take this price cap seriously, and, to the extent Western services are used, we mean business about abiding by the cap,” * Yellen didn’t describe any specific enforcement actions. The price

A senior Hamas official said the group is open to discussions over a possible truce with Israel

A senior Hamas official said the group is open to discussions over a possible truce with Israel, per Reuters. Moussa Abu Marzouk told Al Jazeera in a phone interview that Hamas was open to "something of that sort" and "all political dialogues" when asked whether the

"We cannot let British cities go the way of San Francisco or Seattle" UK Home Secretary Suella Braverman has said this week

"We cannot let British cities go the way of San Francisco or Seattle"  UK Home Secretary Suella Braverman has said this week. ech workers are paying up to $700 a month for tiny bed 'pods' in San Francisco, per BI. While tech workers have embraced the

Iran helped plot attack on Israel over several weeks

Iran helped plot attack on Israel over several weeks, per WSJ. Iranian security officials reportedly played a role in orchestrating Hamas's surprise attack on Israel last Saturday, giving the green light for the assault during a meeting in Beirut last Monday, according to information provided by senior members

The Pentagon is expected to announce as early as Sunday an initial emergency military assistance package for Israel amid the war in Gaza

The Pentagon is expected to announce as early as Sunday an initial emergency military assistance package for Israel amid the war in Gaza, per Axios. In a Sunday call, President Biden assured Israeli Prime Minister Benjamin Netanyahu that extra military support is currently en route to Israel, with further assistance

More than 100 rockets reportedly fired into Israel from Gaza currently

More than 100 rockets reportedly fired into Israel from Gaza currently. Per CNN, Prime Minister Benjamin Netanyahu said Israel is "at war" after Gaza militants launched a surprise attack Saturday morning, firing thousands of rockets and entering Israel by land, sea and air using paragliders. At least 200