Unusual Whales

The FTC has sued Amazon, $AMZN, claiming it wields monopoly power and stunts competition

The FTC has sued Amazon, $AMZN, claiming it wields monopoly power and stunts competition. The lawsuit, which was joined by 17 state attorneys general, follows a four-year investigation and federal lawsuits filed against Alphabet's Google and Meta Platforms' Facebook. "The FTC and its state partners say

Reddit will start paying real money for posts, where eligible users will be able to convert their Reddit gold and karma into fiat currency

Reddit will start paying real money for posts, where eligible users will be able to convert their Reddit gold and karma into fiat currency. So far, the Reddit contributor program is limited to users in the United States (to start, at least) who are over the age of 18 and

The SEC has collected thousands of staff messages used on private devices from more than a dozen major investment companies

The SEC has collected thousands of staff messages used on private devices from more than a dozen major investment companies, including Carlyle, Apollo, KKR, TPG, Blackstone and Citadel, per Reuters. The regulatory body is currently examining discussions related to work transmitted via personal devices or applications by employees at firms

Justin Trudeau of Canada has said, per NYT: It really sucks right now. Like, everything sucks for people, even in Canada. We’re supposed to be polite & nice, but, man, people are mad.

Justin Trudeau of Canada has said, per NYT: It really sucks right now. Like, everything sucks for people, even in Canada. We’re supposed to be polite & nice, but, man, people are mad. People are mad at governments because things aren’t going all that well & people are

10% of home sales in the US are driven by employees who are forced to end remote work

10% of home sales in the US are driven by employees who are forced to end remote work, per Redfin. Meanwhile, mortgage rates on average 30-year mortgage in the US hit 7.39%, the highest since 2000, per Mortgage News Daily. Meanwhile, the American dream of owning a home is

67% of those making $50,000 to $100,000 are living paycheck to paycheck

67% of those making $50,000 to $100,000 are living paycheck to paycheck, per Bankrate. A third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap, per Moneywise. The use of

Americans filed more than 39,000 bankruptcy cases in August, an 18% increase from the same point last year

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 financial distress faced by many individuals. Recent data from Epiq Bankruptcy, a firm specializing in bankruptcy data

British Prime Minister Rishi Sunak is considering introducing measures that would ban those born after 2009 from ever being able to buy cigarettes

British Prime Minister Rishi Sunak is considering introducing measures that would ban those born after 2009 from ever being able to buy cigarettes, per Reuters. Sources within Whitehall have indicated that the Prime Minister is considering implementing measures akin to those introduced by New Zealand in December of the previous

BlackRock, State Street among money managers closing ESG funds

BlackRock, State Street among money managers closing ESG funds, per Bloomberg. BlackRock Inc. and other asset management firms have dedicated years to launching sustainable investment funds, aiming to tap into the growing interest in ESG (Environmental, Social, and Governance) investing. However, they are now discontinuing a growing number of these

A third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap

A third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap, per Moneywise. The use of credit cards has been on the rise, driven by the challenges posed by high inflation. In

Hollywood writers reach agreement with studios, streamers to end strike

Hollywood writers reach agreement with studios, streamers to end strike. Screenwriters and prominent Hollywood studios have tentatively reached a three-year agreement, which, pending ratification, would bring an end to one of the strikes that has effectively halted operations in Hollywood. In a letter addressed to its 11,500 members, the

Mortgage rates on average 30-year mortgage in the US hit 7.39%, the highest since 2000

Mortgage rates on average 30-year mortgage in the US hit 7.39%, the highest since 2000, per Mortgage News Daily. Meanwhile, the American dream of owning a home is slipping out of reach as affordability hits its worst point in nearly four decade, per Bloomberg. A recent report from the

55% of households earning less than $50,000 are living paycheck to paycheck

55% of households earning less than $50,000 are living paycheck to paycheck, per MoneyWise. Three in four Americans who earn less than $50,000 are living paycheck to paycheck, compared to roughly two in three of those making $50,000 to $100,000, per BankRate. A summary: 63 percent

The SEC has charged Citadel Securities for violating Order Marking Requirements of Short Sale Regulations

The SEC has charged Citadel Securities for violating Order Marking Requirements of Short Sale Regulations. The fine is 7 million. For over five years, Citadel incorrectly marked millions of orders improperly long vs. short, leading to inaccurate data to regulators Read the full SEC report here: The Securities and Exchange

The American dream of owning a home is slipping out of reach as affordability hits its worst point in nearly four decade

The American dream of owning a home is slipping out of reach as affordability hits its worst point in nearly four decade, per Bloomberg. A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US housing market, where more than 75% of

Mortgage demand stalls at a level not seen since 1996

Mortgage demand stalls at a level not seen since 1996, per CNBC. Meanwhile, mortgage applications in the United States have taken a sharp plunge, reaching their lowest point in 28 years, primarily due to a surge in mortgage rates. The latest data from the Mortgage Bankers Association’s (MBA) Weekly

Portugal is the best European country for retirement based on cost of living, healthcare and more

Portugal is the best European country for retirement based on cost of living, healthcare and more, per CNBC. In June, Portugal launched a 'government-funded' 4-day workweek trial. Employers have agreed to reduce the number of hours employees work every week from without cutting their pay through the 100-80-100

A family is suing Google, $GOOGL, after a husband and father of two drove his Jeep over a collapsed bridge in North Carolina while allegedly following Google Maps, causing him to drive into a creek and drown

A family is suing Google, $GOOGL, after a husband and father of two drove his Jeep over a collapsed bridge in North Carolina while allegedly following Google Maps, causing him to drive into a creek and drown, per Forbes. The navigation system allegedly led him over a bridge that had

India has suspended visa services for Canadian nationals

India has suspended visa services for Canadian nationals after diplomatic escalation, with Canada accusing India of killing a Canadian national on Canadian soil, per Bloomberg. “Due to operation reasons, with immediate effect i.e. 21 September 2023, Indian visa services in Canada have been suspended till further notice,” the letter,

4 out of 10 workers don’t contribute any money at all to a 401(k) or employer-sponsored plan

4 out of 10 workers don’t contribute any money at all to a 401(k) or employer-sponsored plan, per CNBC. The average 401(k) balance for a Gen Zer is about $7,100, per Fidelity. Meanwhile, the retirement savings of Gen Z has come into question as a new

X confirms that video and audio calls are coming to X, as well as payments

X confirms that video and audio calls are coming to X, as well as payments. Elon Musk has made the decision to transform X (formerly known as Twitter) into an "everything app" that offers a range of functionalities. This includes integrating a payment hub processor within the microblogging

Writers and producers are nearing an agreement to end the ongoing WGA strike

Writers and producers are nearing an agreement to end the ongoing WGA strike, per CNBC. David Faber said: After face to face meeting today, writers and producers near agreement to end WGA strike. Met today and hope to finalize deal tomorrow, according to people close to the negotiations, who, while

The U.S. will again offer four free at-home Covid tests starting Monday

The U.S. will again offer four free at-home Covid tests starting Monday. Americans will soon be able to use COVIDtests.gov to request four free tests, the administration said in a release. The government had offered free test kits through that website since January 2022, but the site stopped

he Biden administration has announced will cancel nearly $37 million in student debt for over 1,200 students who attended the University of Phoenix

The Biden administration has announced will cancel nearly $37 million in student debt for over 1,200 students who attended the University of Phoenix. The Department of Education canceled $72 million in federal student loan debt in August for more than 2,300 borrowers who attended the for-profit Ashford University

Ukraine’s Zelensky to meet with William Ackman, the head of Pershing Square Capital; Ken Griffin, CEO Citadel; Jonathan Gray, CEO of Blackstone; and Eric Schmidt, the former CEO of Google, to raise money for Ukraine

Ukraine’s Zelensky to meet with William Ackman, the head of Pershing Square Capital; Ken Griffin, CEO Citadel; Jonathan Gray, CEO of Blackstone; and Eric Schmidt, the former CEO of Google, to raise money for Ukraine, per FOX. The meeting was put together by JPMorgan, the big bank serving as