Unusual Whales

Goldman Sachs fined $6 million from SEC

On Friday, the U.S. Securities and Exchange Commission (SEC) announced a $6 million penalty against Goldman Sachs for providing incomplete and inaccurate trading information to the regulatory body. Over a span of roughly 10 years, the banking giant made more than 22,000 deficient "blue sheet" submissions,

The number of bankruptcies in the US recorded year-over-year have increased for 13 straight months

The number of bankruptcies in the US recorded year-over-year have increased for 13 straight months, per MW. Americans filed more than 39,000 bankruptcy cases in August, an 18% increase from the same point last year. The month of August witnessed a consistent rise in consumer bankruptcies, highlighting the increasing

The number of under-50s worldwide being diagnosed with cancer has risen by nearly 80% in three decades

The number of under-50s worldwide being diagnosed with cancer has risen by nearly 80% in three decades, per the BMJ. “Since 1990, the incidence and deaths of early onset cancers have substantially increased globally,” the report says. “Encouraging a healthy lifestyle, including a healthy diet, the restriction of tobacco and

Who gets paid in a government shutdown

During a shutdown, per WaPo: - Members of Congress: Get paid - Congressional staffers: No pay, but get backpay - Congress janitorial/cafeteria contractors: No pay, no backpay Biden has said: If the government shuts down, members of the U.S. military are going to have to continue to work

"The odds of an US government shutdown have risen to 90%," per Goldman Sachs

"The odds of an US government shutdown have risen to 90%," per Goldman Sachs. Biden has said: If the government shuts down, members of the U.S. military are going to have to continue to work but not get paid. “There’s a small group of extreme House

Mark Zuckerberg and Priscilla Chan have announced they're building a computing system to eradicate human disease by 2100

Mark Zuckerberg and Priscilla Chan have announced they're building a computing system to eradicate human disease by 2100. In a statement, the Chan Zuckerberg Initiative (CZI) - Zuckerberg and Chan's foundation -  announced that they aim to develop a computing system that researchers can use with

Biden has said: If the government shuts down, members of the U.S. military are going to have to continue to work but not get paid

Biden has said: If the government shuts down, members of the U.S. military are going to have to continue to work but not get paid. “There’s a small group of extreme House Republicans who don’t want to live up to that deal,” Biden said in the video,

Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis

Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, per Goldman Sachs. Americans are defaulting on their credit cards and auto loans at levels not seen since the financial crisis. Increasing numbers of Americans are encountering difficulties in

Costco, $COST, is selling one-ounce gold bars and they are selling out within a few hours

Costco, $COST, is selling one-ounce gold bars and they are selling out within a few hours, per CNBC. Reportedly, they were recently fetching just under $1,900, as per discussions on Reddit. As of Wednesday afternoon, spot gold was trading at $1,876.56 per ounce. Irrespective of the price,

San Francisco Mayor London Breed is proposing new legislation requiring low-income residents to undergo substance abuse screening and treatment in order to receive welfare

San Francisco Mayor London Breed is proposing new legislation requiring low-income residents to undergo substance abuse screening and treatment in order to receive welfare, per NYP. Breed expressed that this move aims to instill accountability in addressing the city's challenges related to drugs and homelessness. “We need to

Gary Gensler says 90% of the SEC staff would be furloughed in a government shutdown

Gary Gensler says 90% of the SEC staff would be furloughed in a government shutdown. Republican U.S. House Speaker Kevin McCarthy dismissed a temporary funding bill making headway in the Senate on Wednesday, bringing Washington perilously close to its fourth partial shutdown of the U.S. government in a

US retailers are closing stores, cutting operating hours and changing product selections in response to an increase in crime

US retailers are closing stores, cutting operating hours and changing product selections in response to an increase in crime, per the National Retail Federation. Yesterday, Target, $TGT, said it will close nine stores across the country after struggling with crime and safety threats at those locations. "We cannot continue

Kevin O’Leary says a coming real estate collapse will lead to ‘chaos’ and banks "are going to fail because up to 40% of their portfolio is in commercial real estate"

Kevin O’Leary says a coming real estate collapse will lead to ‘chaos’ and banks "are going to fail because up to 40% of their portfolio is in commercial real estate," per BI. “Many of these office spaces are in sub-grade markets, but even in cities like Boston,

Gen Z falls for online scams more than their boomer grandparents do

Gen Z falls for online scams more than their boomer grandparents do, per Vox. According to a recent survey conducted by Deloitte, 5% of baby boomers reported falling prey to online scams. In stark contrast, a notable 16% of Gen Z users, more than three times the rate of the

Women say they would need to earn roughly $237,000 annually to be comfortable and about $502,000 a year to feel rich

Women say they would need to earn roughly $237,000 annually to be comfortable and about $502,000 a year to feel rich, per Bankrate. This is nearly $37,000, or 8%, more than men, per BankRate. 67% of those making $50,000 to $100,000 are living paycheck to

OpenAI says ChatGPT can now browse the internet

OpenAI says ChatGPT can now browse the internet. It said: ChatGPT can now browse the internet to provide you with current and authoritative information, complete with direct links to sources. It is no longer limited to data before September 2021. It added: Since the original launch of browsing in May,

American taxpayers are paying the salaries of Ukraine's first responders, all 57,000 of them

American taxpayers are paying the salaries of Ukraine's first responders, all 57,000 of them, per CBS. As the conflict in Ukraine approaches its third year, the United States has offered extensive aid, exceeding $70 billion in total. This financial support isn't limited solely to military

Target, $TGT, said it will close nine stores across the country after struggling with crime and safety threats at those locations

Target, $TGT, said it will close nine stores across the country after struggling with crime and safety threats at those locations. "We cannot continue operating these stores because theft and organized retail crime are threatening the safety of our team and guests, and contributing to unsustainable business performance,"

Ticket resellers who passed $600 in ticket sales on marketplaces such as StubHub and Ticketmaster now need to report their activity to the IRS

Ticket resellers who passed $600 in ticket sales on marketplaces such as StubHub and Ticketmaster now need to report their activity to the IRS. Ticket platforms will now have the responsibility of reporting sellers' earnings to the IRS if their ticket sales in 2023 exceed $600. This marks a

Costco, $COST, members will be eligible for online primary care visits for $29 and mental health visits for $79

Costco, $COST, members will be eligible for online primary care visits for $29 and mental health visits for $79. The company, headquartered in New York, has clarified that its platform does not accept health insurance primarily because it caters to two main groups: uninsured Americans and those with high-deductible plans

Mortgage affordability in the US is at an all time low

Mortgage affordability in the US is at an all time low, per Bloomberg. A recent surge in U.S. mortgage rates has led to the lowest level of affordability in nearly four decades, leaving prospective homebuyers facing a risky dilemma as they await potential relief. The past year had offered

Credit card losses are rising at the fastest pace since the Great Financial Crisis

Credit card losses are rising at the fastest pace since the Great Financial Crisis, per CNBC. Losses in the credit card sector reached their lowest point in September 2021, and while initial increases likely resulted from the cessation of stimulus measures, they have been steadily climbing since the first quarter

Home prices in the US will fall 30%, 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 mechanism. How can it not? If you can afford to pay more for your

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

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, bank deposits and other liquid assets were lower in June this year

Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression'

Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression,' per Moneywise. Numerous individuals from the baby boomer generation across the nation are confronting a stark reality: dedicating one's entire adult life to work no longer guarantees a secure roof overhead during their