Unusual Whales

new car

Only 8% of new vehicles cost less than $30,000, down from 38% since pre-pandemic levels

Per CNBC Buying a car has become extremely expensive as now only 8% of new vehicles cost less than $30,000, down from 38% during pre-pandemic levels, according to CoPilot. This means that the car market is at record low affordability. CoPilot CEO Pat Ryan gave a statement regarding the

francis suarez

Miami Mayor Francis Suarez doubles net worth reaching $3.5 million, he receives his $126,000 annual salary in crypto

Per Bloomberg The Mayor of Miami, Francis Suarez, has seen his net worth double to $3.5 million. He reportedly converts his $126,000 salary into crypto. In 2021, regulatory filings reveal that he was able to pay off close to $1.7 million in debt. He also bought a

disney

Bob Iger now selling a third of Disney's business while looking to downsize

Per Bloomberg Bob Iger, the CEO of Disney, is now looking to downsize as he's now selling a third of the business. This includes TV networks Freeform, ABC, and FX, while also looking for a "strategic partner for ESPN." This comes at a time when the

The Biden administration has halted the Wuhan Institute of Virology’s access to federal funding after the lab failed to provide documents about safety and security measures

The Biden administration has halted the Wuhan Institute of Virology’s access to federal funding after the lab failed to provide documents about safety and security measures, per Bloomberg. Per Bloomberg: "The Department of Health and Human Services notified the Wuhan Institute on Monday of the suspension, and also

Bitcoin

Standard Chartered shares Bitcoin prediciton, saying it could reach $120,000 by 2024

Per Reuters Standard Chartered has given its predictions regarding Bitcoin, saying that the top crypto could reach $120,000 by the end of 2024. For the end of this year, the expectation is that BTC will reach $50,000. In April, Standard Chartered shared its expectations, believing that it would

real estate

Average home price in America sits at $410,110 from just $66,125 in 1981

Per Business Insider Realtor.com reports that the average home price in America sat at $410,110 compared to its initial $66,125 in 1981. This was as housing affordable was even worse for certain Baby Boomers. During that time, home prices were around six times more affordable. To be

uk

UK now incentivizes small modular reactors that generate nuclear power in a bid to lower fossil fuel reliance

Per Bloomberg The UK has just announced its new moves to incentivize those wanting to build small modular reactors to generate nuclear energy. The funding package comes as the UK is trying to reduce fossil fuel reliance. In total, the UK will be providing $205 million in grants for companies

modelo

Modelo, a Mexican beer, is now the top-selling beer in the US for its 2nd consecutive month after Bud Light lost its spot

Per Fox Business Bud Light is far from its spot as the number one top-selling beer in the US. Now, Modelo, a Mexican beer, records its second consecutive month as the top-selling beer in the US for May and June. Despite that, Bud Light remains the top-selling beer when it

disney

Disney average wait time drops to 27 minutes from 47 minutes pre-pandemic

Per CBS News Disney is seeing faster average wait times, meaning that lesser people are lining up to see their flagship Magic Kingdom park. On July 4, it was reported that people only had to wait an average of 27 minutes from the initial 47 minutes in 2019. In 2019,

mortgage

7% mortgage rates regarded as the 'new normal' by Compass CEO

Per Business Insider The CEO of Compass, Robert Reffkin, described 7% mortgage rates as the new normal. This came in an interview with CNBC, where the CEO said that home buyers would just have to accept the new rates. Reffkin previously said that 6% was the new normal but has

bankruptcy

Epiq Bankruptcy says close to 3,000 firms declared bankruptcy in the past six months

Per Business Insider Close to 3,000 firms reportedly filed for bankruptcy in the past six months ending in June, according to Epiq Bankruptcy. This was the highest number of filings ever since 2010. This came as high-interest rates resulted in more American businesses deciding to file for bankruptcy. The

Baby boomers own a massive $75 trillion in wealth spread out across stocks, homes, and businesses

Baby boomers own a massive $75 trillion in wealth spread out across stocks, homes, and businesses, per BI. Meanwhile, Millennials used to make up the largest chunk of homebuyers, but in 2023, Baby Boomers overtook them, resulting in 39% of homebuyers this year. Gen Z buyers also saw an increase,

ford

Ford slashes prices up to $10,000 for its F-150 Lightning Electric truck

Per CNBC One of Ford Motors' strongest units in the EV space, the F-150 Lightning, offers a treat for buyers as the company slashes prices for up to $10,000. This includes its top-line Platinum trim, which will also drop by prices by $6,000. The F-150 Lightning was

treasury secretary

Treasury Secretary Janet Yellen says she doesn't expect a US recession

Per Fortune Treasury Secretary Janet Yellen recently commented on the state of the US economy, saying that she doesn't expect the country to go into a recession. This comes in a statement she gave during her interview with Bloomberg Television. Yellen: “Many countries do depend on strong Chinese

bank of england

The Bank of England warns regarding sharp mortgage payment increases for 4 million households reaching almost £3,000 yearly

Per Bloomberg The Bank of England has announced that they would be increasing mortgage rates sharply, which would affect four million households. This would result in average borrowers having to pay almost £3,000 yearly. This comes as Governor Andrew Baily explains the situation, saying that the decision would still

microsoft

Microsoft enters a binding agreement with Sony for a 10-year Call of Duty deal for PlayStation

Per The Verge Fans of Call of Duty will be able to play the game on PlayStation as Sony signed a 10-year deal with Microsoft. This comes as Microsoft, which owns the Xbox consoles, is allowing the game to be played on PlayStation. The deal would take effect even after

india

India sees increasing tomato prices 300% as producing states experience major floods

Per CNBC India is seeing increasing prices for tomatos, with some places like a vegetable market in Kolkata selling them for 108.92 rupees on July 11 from its original 26.76 rupees during the start of the year. This was a reported 366.86% markup from its original price.

lionel messi

Lionel Messi finalizes Inter Miami deal

Per Reuters Lionel Messi has just officially finalized his deal with Inter Miami, and with it, the superstar shared how excited he was regarding the deal. Messi made this statement during 'The Unveil" event at the Miami home stadium. Messi was present wearing pants and his signature No.

tesla

Tesla job offering pays people $18 to $48 to be a seasonal test driver, driving its EVs for the summer

Per Business Insider Tesla has listed a job offer that announces how he's paying people $18 to $48 for the position of a seasonal test drive. The job includes driving the company's EVs for the summer. This comes as the company is trying to collect "

Resumes including ‘they/them’ pronouns are more likely to be overlooked, per CNBC

Resumes including ‘they/them’ pronouns are more likely to be overlooked, per CNBC. The phantom resume including pronouns received 8% less interest than the one without, and fewer interview and phone screening invitations. According to the report, over 64% of the companies that received these resumes were Equal Opportunity Employers,

U.S. President Joe Biden's will cancel $39 Billion in student loan debt for more than 804,000 borrowers

U.S. President Joe Biden's will cancel $39 Billion in student loan debt for more than 804,000 borrowers. Borrowers will be eligible for forgiveness if they have made either 20 or 25 years of monthly IDR payments, the department said. "These borrowers will join the millions

FDA says soda sweetener aspartame is safe, disagreeing with WHO finding on possible cancer link

FDA says soda sweetener aspartame is safe, disagreeing with WHO finding on possible cancer link. Two upcoming reports by the World Health Organization (WHO) will address the safety of aspartame, an artificial sweetener commonly found in beverages like Diet Coke and Diet Pepsi. The WHO's International Agency for

Gaming

Men aged 15 to 24 are gaming the highest amount ever

Per Bloomberg A recent survey by Bloomberg found that men aged 15 to 24 were spending the most time gaming ever on average. This was true for 2022, when the average gaming time spent for this age group was 3.82 hours daily. The survey also found that a fraction

uk

UK GDP toppled by UK debt for the first time in 60 years

Per Bloomberg For the first time in 1961, UK debt exceeded 100% of the UK economy. This comes as its public sector net debt in May was 100% of the total nation's GDP, according to the Office for National Statistics. The public sector net debt reached 100.1%

fed

Fed data shows only 2.43% of Americans delinquent on their credit card payments

Per Lending Tree The most recent Fed data showed that the number of Americans that were delinquent on their credit card payments increased by 0.18% compared to Q1 2023. This was for the people who had 30-day delinquencies. The increase results in the third straight quarter for 30-day delinquency