Unusual Whales

In June, investors accounted for 26% of all single-family home buying in the US

In June, investors accounted for 26% of all single-family home buying in the US, per CoreLogic. MetLife Investment Management said that come 2030, 40% of single-family rentals in the US could be owned by institutional investors. This was according to MetLife Investment MAnagement's 2022 forecast. The

Biden's plan to forgive student debt for over 800,000 borrowers upheld by judge.

Biden's plan to forgive student debt for over 800,000 borrowers upheld by judge. More than 614,000 of them will have all of their remaining federal student loan debt canceled, per Axios. The decision marks a win for student loan borrowers and for President Biden, who promised

India has just made its first crude oil payment to United Arab Emirates in Indian rupees, officially dropping the US dollar

India has just made its first crude oil payment to United Arab Emirates in Indian rupees, officially dropping the US dollar, per Reuters. Indian Oil Corp has completed a payment transaction with Abu Dhabi National Oil Company (ADNOC), as confirmed by a statement from the Indian embassy in the United

Retirees face a $17,400 cut to Social Security benefits in 203

By the year 2033, Social Security is projected to implement reductions in benefits for retirees due to the depletion of its trust fund reserves. A recent analysis suggests that this reduction could be quite substantial. Unless corrective measures are taken before 2033, the standard Social Security checks for newly retired

Total household debt in the US has hit a record-high of $17.06 trillion

Total household debt in the US has hit a record-high of $17.06 trillion. The average credit card debt in the US is $5,733 per person, according to TransUnion. US credit card debt has now passed $1 trillion. Meanwhile, Gen X has the highest average credit card debt

Michael Burry updated portfolio

Michael Burry has just updated his portfolio, up to June 30. Nearly 51.05% of it is in S&P500, $SPY, puts and 42.54% in $QQQ puts (in notional value in his portfolio, they are worth much less of his total portfolio). He has about $1.6 billion

Sam Bankman-Fried is heading to a Brooklyn jail notorious for poor conditions

Sam Bankman-Fried is heading to a Brooklyn jail notorious for poor conditions. On the 11th, FTX founder Sam Bankman-Fried was ordered to be held in custody prior to his October trial on multiple charges related to financial crimes, as a federal judge has revoked his previous release on

Joe Rogan has said: "[With Trump]... unemployment was down. Business was booming. Regulations were being relaxed. More things were getting done. When you look at it from a policy perspective, what he did on paper was effective:

Joe Rogan has said: "[With Trump]... unemployment was down. Business was booming. Regulations were being relaxed. More things were getting done. When you look at it from a policy perspective, what he did on paper was effective." In Feb, Biden said that the risk of a recession in

Some consultants are getting paid to do nothing

Freshly minted graduates joining consulting powerhouses like Bain, Boston Consulting Group, and McKinsey often find themselves deeply immersed in work right out of business school. They find themselves in a constant back-and-forth between airports, diligently refining presentations, and tending to emails until the late hours. However, in current

Zuck of $META has said Elon isn't serious about the fight

Zuck of $META has said this about Elon and the fight: In response, Elon Musk called him a chicken. Meanwhile, UFC President Dana White has held a meeting with the Italian government to discuss the Elon Musk vs Mark Zuckerberg fight, and making it happen at the Roman Colosseum. In

Sam Bankman-Fried's bail revoked and he has been sent to jail

FTX founder Sam Bankman-Fried has been ordered to be held in custody prior to his October trial on multiple charges related to financial crimes, as a federal judge has revoked his previous release on bond. The 31-year-old former CEO of the FTX empire appeared in court on

$GM has said it was going to drop Apple, $AAPL, CarPlay and Android, $GOOGL, Auto in all vehicles

$GM has said it was going to drop Apple, $AAPL, CarPlay and Android, $GOOGL, Auto in all vehicles Cadillac's new ultra-luxury Escalade IQ will not feature Apple CarPlay or Android Auto. Despite the introduction of a massive 55-inch infotainment screen spanning from pillar to pillar in

US mortgage delinquency rates have fallen to an all-time low

US mortgage delinquency rates have fallen to an all-time low. If home prices decrease by 5%, more than 200,000 households could be at risk of falling into negative equity, essentially 'going underwater' on their home loans, per CoreLogic. A recent report from the National Association of

The U.S. budget deficit has hit $1.6 trillion in first 10 months of fiscal year, more than double what it was a year ago

The U.S. budget deficit has hit $1.6 trillion in first 10 months of fiscal year, more than double what it was a year ago. In April, the US federal government’s budget deficit hit $1.1 trillion in the first half of the fiscal year, a 63% jump

A new variant of COVID-19 dubbed EG.5 has become dominant in the US, according to the CDC

A new variant of COVID-19 dubbed EG.5 has become dominant in the U.S., according to the CDC. It is estimated that EG.5, an omicron subvariant, accounted for 17.3% of COVID cases in the U.S. in the two-week period through Aug. 5. Medical professionals

UFC President Dana White has held a meeting with the Italian government to discuss the Elon Musk vs Mark Zuckerberg fight, and making it happen at the Roman Colosseum

UFC President Dana White has held a meeting with the Italian government to discuss the Elon Musk vs Mark Zuckerberg fight, and making it happen at the Roman Colosseum. In June, it was announced Elon Musk and Mark Zuckerberg can reportedly fight at Colosseum, the Italian government has said. In

The Supreme Court has just blocked a $6 billion Purdue Pharma bankruptcy settlement that would protect the Sackler family from opioid-related civil claims

On Thursday, the Supreme Court halted Purdue Pharma's progress in its bankruptcy proceedings. The Biden administration had criticized this unusual arrangement, aimed at shielding the Sackler family from civil claims related to opioids. The court not only agreed to temporarily stop the settlement but also announced its intention

The average credit card debt in the US is $5,733 per person

The average credit card debt in the US is $5,733 per person, according to TransUnion. US credit card debt has now passed $1 trillion. Meanwhile, Gen X has the highest average credit card debt of any generation group, estimated to be $8,266, per Bloomberg. Gen Z had an

The average Manhattan rent just hit a new record of $5,588 a month

The average Manhattan rent just hit a new record of $5,588 a month. In over 20 years, the national average rent-to-income has reached its highest number ever at 30%. This means that out of a normal US citizen's income, 30% of it will go directly

Financial demands of supporting a family of 4 have surpassed what a single salary can adequately provide

Financial demands of supporting a family of 4 have surpassed what a single salary can adequately provide, per FT. Getting rich isn’t the American Dream anymore, per CNBC, with 54% in a recent survey defining it as "feeling happy in life." Meanwhile, it was noted that only

If home prices decrease by 5%, more than 200,000 households could be at risk of falling into negative equity, essentially 'going underwater' on their home loans

If home prices decrease by 5%, more than 200,000 households could be at risk of falling into negative equity, essentially 'going underwater' on their home loans, per CoreLogic. A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US

The U.S. government's debt will rise by $5.2 billion, every single day for the next decade

The U.S. government's debt will rise by $5.2 billion, every single day for the next decade. Drawing upon data sourced from the Congressional Budget Office, an autonomous federal agency, Harnett dissected the projection that government debt will ascend from its present $32.5 trillion mark to

EU to study blocking out sun

A report indicates that the European Union is considering the exploration of blocking sunlight as a potential strategy to address climate change. As reported by Bloomberg News, the European Union is expected to unveil a structured approach on Wednesday for evaluating potential security ramifications associated with climate change. This framework

The median sales price of a home in the US is now 560% of the median household income

The median sales price of a home in the US is now 560% of the median household income, per Gangespost. Meanwhile, 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 homes available are

Penn Nation, $PENN, to sell 100% of Barstool Sports back to David Portnoy

ESPN announced that it has partnered with Penn National to launch “ESPN BET.” Barstool founder Dave Portnoy then explained in a video that he has bought back the company from Penn. “I have purchased back Barstool Sports from Penn,” Portnoy said, adding that he once again owns 100 percent of