Unusual Whales

META

Meta spent the most on private jets compared to other companies, splurging $2.3 million for Mark Zuckerberg's private jets

Per Fortune In total, S&P 500 companies spent $41.3 million on private jets, according to Financial Times, with Meta spending the most, as it was responsible for $2.3 million of that amount on Mark Zuckerberg alone. The company also spent for other executives as well. As

jpmorgan chase

JPMorgan Chase saw 74% tech applicants from Handshake platform, totaling 8,000 applications

Per CNBC With the recent disruption in the tech sector, after massive layoffs of multiple companies, JPMorgan Chase reportedly received more than 8,000 applications on Handshake, a networking platform, since 2023 alone. This was reportedly a 74% increase from the number of total applications in 2022 for tech. It

survey

New survey shows the majority of investors believe there won't be a recession in 2023

Per CNBC A new survey by CNBC Delivering Alpha conducted a poll among 400 Wall Street investors and found that most believe a recession won't happen this year. This came as most of them believed the economy to be entering a bullish market. The survey specifically took the

rivian

Rivian exceeds Q2 estimates by delivering 12,640 vehicles compared to the expected 11,298

Rivian recently had a small victory after surpassing second-quarter estimates for the number of vehicles delivered. The company was able to deliver 12,640 vehicles compared to the expected 11,298. The report by Reuters noted that this resulted in the EV company's shares increasing by 9% during

federal reserve

Doomsday scenario will result in big US banks losing $541 billion

Per The Hill The Federal Reserve has recently commented on how much big US banks are expected to lose should the economy enter a doomsday scenario. It was noted that the findings came from its annual banking sector stress test, which aimed to see how vulnerable the banking sector was.

google

Google search results to block Canadian news outlets

Per CNBC After the passage of Bill C-18, Google search results will now block Canadian news outlets. This comes after the bill would've required platforms owned by Google and Meta to pay newsrooms for linking to their content. Should they not have decided to block Canadian news outlets,

costco

Costo adds photo identification requirements in self-checkout registers to avoid membership sharing

Per Barron's In a move following Netflix's password sharing, Costco is adding an additional layer of identification for its self-checkout registers. This is to help avoid membership plans being shared. This was first reported by the Dallas Morning News, which shared how customers will need to

Elon Musk limits posts reading on Twitter

Elon has said about Twitter: - Verified accounts are limited to reading 6000 posts/day - Unverified accounts to 600 posts/day - New unverified accounts to 300/day He said: “To address extreme levels of data scraping & system manipulation, we’ve applied the following temporary limits." Less

Elon Musk and Mark Zuckerberg can reportedly fight at Colosseum, the Italian government has said

Elon Musk and Mark Zuckerberg can reportedly fight at Colosseum, the Italian government has said. In response, Musk, 52, entertained the idea by tweeting, “Some chance fight happens in Colosseum.” Meanwhile, Zuckerberg, 39, has been training in MMA gyms since September with the hopes of competing, he revealed on June

lgbtq

SOTUS votes 6-3 in support of Christian artists refusing to make same-sex wedding websites

Per NBC News The Supreme Court voted 6-3 in support of Christian web designers on the topic of same-sex wedding website designs. The decision would support Christian web designers who decide not to work with same-sex weddings. The ruling says the designers have a free speech right under the Constitution&

supreme court

Supreme Court votes 6-3 against President Biden's $400 billion student loan debt dissolution plan

Per Fox 8 The Biden administration planned to pardon student loan debt to the tune of $400 billion. Finally, a decision has been made by the Supreme Court, ruling 6-3 against it. Under the plan, millions of Americans would have reduced or cancelled student loan debt. These repayments are expected

louisiana

Louisiana's new bill says kids using YouTube, Roblox, TikTok, and Instagram would need to get parental consent

Per New York Times Louisiana has just passed a new bill that will require parental consent for certain apps for users under 18. The consent would be required for popular services like Roblox, YouTube, TikTok, Instagram, and even Fortnite (video game). Republican state legislator Laurie Schlegel, who spearheaded the new

Reddit

Reddit says private communities' mods would lose status if they don't reopen

Per The Verge Reddit has given a message to moderators of private communities, specifically those of protesting communities, that they would lose mod status if they don't reopen. The message said the message was a courtesy. Should the communities not reopen, it was noted that the moderators would

australia

Australia becomes the first nation to address PTSD by allowing MDMA and psilocybin

Per Nature Australia is now the first country ever to allow PTSD treatment to include MDMA and psilocybin drugs. However, some clinicians are sharing concerns about how drug regulations for these substances might not be enough. The Therapeutic Goods Administration (TGA), the country's drug regulator, approved the decision,

home sales

US home costs are 44% higher than pre-pandemic levels

Per Business Insider The prices of US homes have way exceeded pre-pandemic levels, now at 44% higher. The data was revealed by Redfin, showing a massive difference in price from January 2020 until recently. In January 2020, median home prices were $290,264 before the pandemic. Now, prices have reached

school

American 13-year-olds are scoring their lowest in math and reading in decades

Per ABC The 13-year-olds of America are scoring the lowest in decades on math and reading scores. This came from the nation's report card federal test results. Specifically, math scores dropped by their largest margin ever recorded. The article reported that this was also due to the pandemic

sbf

SBF's 5 out of 13 FTX fraud-related charges withdrawn

Per Business Insider The Assistant US Attorneys for the Department of Justice have withdrawn five out of the 13 charges against Sam Bankman-Fried. These charges were in relation to the financial fraud of FTX. Initially, SBF was facing 13 criminal charges, but five of them would be dropped in time

pfizer

Former Pfizer statistician charged by SEC for insider trading ahead of COVID-19 announcement

Per SEC Former Pfizer employees Amit Dagar and another individual were charged by the SEC for insider trading before the company's COVID-19 Paxlovid announcement. The announcement of Paxlovid resulted in a nearly 11% single-day gain. Pfizer's announcement of the Paxlovid COVID-19 antiviral treatment resulted in its

hsbc

HSBC Asset Management warns of potential US recession in 2023 and Europe recession in 2024

Per CNBC HSBC Asset Management recently commented on the state of the US, saying that it would "enter a downturn" in Q4. Following this, it was also noted that a European recession was expected to happen in 2024. This came from HSBC Asset Management Joseph Little, who stated

c-suite

Majority of C-suite leaders plan to increase hiring amid generative AI boom

Per CNBC A recent Upwork study shared how the majority of C-suite leaders plan to hire more workers amid the generative AI boom. This comes despite Goldman Sachs previously reporting how 300 million jobs could be affected worldwide. Upwork research institute managing director, Kelly Monahan, gave a statement on the

bank for international settlements

Bank for International Settlements says banks could experience 2008-like losses if inflation isn't controlled

Per Business Insider The Bank for International Settlements (BIR) is talking about a potential banking crisis that could happen with uncontrolled inflation. This was despite the bullish stock market as of press time. The BIS published an annual report which highlighted how possible the banking system could experience 2008-like losses

charles schwab

Charles Schwab survey finds almost half of Gen Zers and a little over half of millennials feel somewhat or very wealthy

Quartz Two particular age groups, Gen Zers, and millennials, reportedly feel somewhat or very wealthy. This came from a Charles Schwab survey which included 1,200 participants. The participants included different age groups, from Gen Zers to Boomers. Here's the breakdown for the participants. * Gen Z - 13%

federal reserve

Fed says top 23 banks could absorb losses and lending despite unemployment hitting 10% and stock market falling 45%

Per Fed The Federal Reserve is assuring the public regarding the performance of the top 23 banks, saying they are capable of withstanding major unemployment and stock market plunge. The agency says these large banks would handle a 45% stock market drop and 10% unemployment. This came as Michael S.

us coast guard

US Coast Guard says they found 'presumed human remains' from Titan submersible

Per CNN The US Coast Guard has given a recent update regarding findings around the Titan submersible, the famed submarine that took five people to their doom while trying to view the Titanic. As they sorted through debris and evidence, they said they found "presumed human remains." The

Biden: "It's hard to tell, but Putin is clearly losing the war in Iraq. He is losing war at home."

Biden was asked: "To what extent has Vladimir Putin been weakened by recent events?" Biden: "It's hard to tell, but he is clearly losing the war in Iraq. He is losing war at home." See full video: https://twitter.com/unusual_whales/status/1674088517280972802