Unusual Whales

egg

Egg prices fell 13.8%, resulting in the largest decline since 1951

Per Axios The price of eggs, one of the basic types of foods, has seen a significant drop in May compared to April. This was reportedly the largest drop it ever experienced since January 1951. A report by Axios shares how it is now easier for people to afford eggs.

Americans need an average post-tax income of $68,499 to live comfortably in the U.S

Americans need an average post-tax income of $68,499 to live comfortably in the U.S, per CNBC. Recently it was found during tax season in the US, residents of three cities—New York, San Francisco, and Honolulu—face the reality that they need to earn over $300,000 to

The US warned Ukraine not to attack Nord Stream, after it obtained detailed information about a Ukrainian plot to destroy a main energy connection between Russia and Europe

The US warned Ukraine not to attack Nord Stream, after it obtained detailed information about a Ukrainian plot to destroy a main energy connection between Russia and Europe, per WSJ. According to The Washington Post, leaked information posted online reveals that the United States became aware of a Ukrainian plot

The Westfield mall, the biggest mall in San Francisco, to give up property to lenders

The Westfield mall, the biggest mall in San Francisco, to give up property to lenders. It had $558 million in outstanding mortgage debt. Recently, San Francisco's downtown area has suffered another setback as a major investor in one of its largest hotels announced it would cease loan payments.

US Treasury Secretary Yellen has said: one should expect a slow decline in the US dollar as the reserve currency

US Treasury Secretary Yellen has said: one should expect a slow decline in the US dollar as the reserve currency. Asked by Rep. Warren Davidson, R-Ohio, on whether US sanctions could impact dollar transactions, Yellen acknowledged that their use has motivated some countries to look for currency alternatives. "But

Donald Trump has been arrested in his federal charges

Donald Trump and aide were arrested formally at Miami courthouse, per CNN. Donald Trump has plead not guilty to all 37 federal charges. His aide plead not guilt too. Donald Trump was released without any conditions, as he is reportedly not a flight risk per the judge.   Trump did not

us

US May CPI comes 0.1% below the expected 4.1%

Per Reuters The consumer price index for the United States in May has resulted in 0.1% below the initially expected 4.1%. This was reportedly a two-year low annual increase. New York's Nationwide chief economist Kathy Bostjancic gave a statement regarding the situation. It was mentioned how

inflation

US inflation hits two-year low

Per CBC The US inflation rate has finally hit its lowest level in the last two years. This came as its inflation rates hit 4%, well below April's 4.9%. This came as consumer prices saw a 0.1% increase from April to May. The report by CBC

linkedin

LinkedIn sees the future as skills over degrees

Per Bloomberg LinkedIn, a social platform described as "for professionals" where many users look for job positions, has given its two cents regarding the future. In a report by Bloomberg, it was shared that in the future, LinkedIn thinks that employers will be looking more into skill-based hires.

elizabeth holmes

Elizabeth Holmes's lawyers argue she can't pay the $250 monthly restitution

Per Business Insider Elizabeth Holmes, the former CEO of the now-disgraced Theranos, has been sentenced to jail. Now, her lawyers are arguing that she won't be able to pay the $250 monthly restitution as previously ordered. For context, Elizabeth Holmes and Ramesh "Sunny" Balwani were reportedly

Portugal just launched a 'government-funded' 4-day workweek trial

Portugal just 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 model: Workers get 100% of the pay for working 80% of the time in exchange for delivering 100% of

Twitter testing spaces for bot limits

There was a space today with 1.15 million listeners. The host appeared to be a bot. The majority of the listeners were seemingly bots. Recently DeSantis announced his presidential bid with Elon Musk on Twitter spaces. He also hosted a space with Robert Kennedy. He recent invited George Soros&

Canadian real estate prices vs income have hit an all time high difference

Canadian real estate prices vs income have hit an all time high difference. See more: https://twitter.com/unusual_whales/status/1667955102743957505 Meanwhile, the Bank of Canada shared its findings regarding the financial situation of the country in its Financial System Review - 2023 report. The bank detailed what fixed-rate

"Do not go to law school. The legal field is in big trouble. That's going to be one of the first disrupted by AI," Geoff Lewis has said

"Do not go to law school. The legal field is in big trouble. That's going to be one of the first disrupted by AI," Geoff Lewis has said.. "I talk to folks who spend thousands of dollars a week on legal bills, they're

Trump indictment unsealed

Former US President Donald Trump, aged 76, has been charged with mishandling classified documents following his departure from the White House. The media reports that Mr. Trump faces seven charges, including unauthorized retention of classified files. However, the specific charges have not yet been disclosed to the public. This marks

pentagon

Pentagon announces $2 billion Ukraine air defense package with HAWK air defense systems

Per US News While the Pentagon has already given hundreds of billions of dollars to Ukraine, it has yet again announced another $2 billion aid package. This particular package would reportedly give the country "critical air defense" and "ammunition capabilities." This comes as Ukraine has already

robinhood

Robinhood cuts three major tokens; Cardano, Polyugon, and Solana

Per Decrypt Robinhood has recently axed three major tokens after the Securities and Exchange Commission recently listed them as unregistered securities. This comes as the SEC is going against Coinbase and Binance with lawsuits. The three major tokens to no longer be supported by Robinhood include the following. * Cardano (ADA)

college

Over half of Americans don't think college is worth it

Per Business Insider While going to college used to be looked at as one of the only ways someone would become successful, the situation has now changed. A recent survey by the Wall Street Journal revealed that over half of its American participants didn't think that a four-year

gen z

Over 80% of Gen Z Americans started investing before 21

Per Business Insider American Gen Z individuals are reportedly trying to become more aggressive toward reaching their financial goals. This resulted in 80% of them starting to invest before they turned 21. This information came from a Financial Industry Regulatory Authority Investor Education Foundation (FINRA) and CFA Institute survey. One

ken griffin

Billionaire Ken Griffin comments on how becoming a programmer has become harder because of generative AI

Per Business Insider Citadel founder Ken Griffin has given his two cents on how he thinks that becoming a software programmer could be harder due to the rise of generative AI. This comes as new technologies like OpenAI's ChatGPT make it easy for anyone to produce code with

tiktok

TikTok plans to hit $20 billion in merchandise sales growth amid Southeast Asia rapid growth

Per Bloomberg TikTok has been struggling in the US as it faces many legal battles, but despite that, the company has seen rapid growth in Southeast Asia. Because of this, the platform is aiming to reach up to $20 billion in merchandise sales this 2023. This was according to people

mortgage applications

US mortgage applications fell for a fourth week, reaching the second-lowest level since 1995

Per Bloomberg Fewer Americans are applying for mortgages for the fourth week in a row as its levels reach the second-lowest since 1995. This came despite a recent 10 basis point decrease in 30-year-fixed mortgages. As seen on the Mortage Bankers Association index, it was revealed that there was a

inter miami

Inter Miami ticker price skyrockets amid Lionel Messi announcement

Per Reuters The price of Inter Miami tickets has skyrocketed as Lionel Messi made an announcement that he plans to join them. It was noted that with the price increase, tickets have reached over $300. This comes as the initially limited tickets for a chance to see Lionel Messi play

kim

Federal Judge dismissed Kim Kardashian, but US District Judge gives plaintiffs a new chance to pursue action

Per Coin Telegraph Kim Kardashian was one of the celebrities that got into trouble for promoting EthereumMax (EMAX), which was now defunct. Although previously fined and dismissed by the Federal Judge, a new US District Judge is giving plaintiffs a new chance to pursue action. Kim Kardashian and Floyd Mayweather

openai

OpenAI founder says he doesn't want the company to go public to retain full control

Per Fortune OpenAI has become one of the most popular companies not just in the AI space but in the tech space in general since the launch of its ChatGPT. Now, its CEO says that he wants the company to remain public because he wants to retain control. OpenAI CEO