Unusual Whales

Only 62% of millennials do own homes by 40

Only 62% of millennials do own homes by 40. 69% of baby boomers owned their own home at 40, per BI. 64% of Gen Xers owned a house at forty. Meanwhile, during tax season in the US, residents of three cities—New York, San Francisco, and Honolulu—face the reality

hugh

Hugh Hendry shares fears of US citizen rights restrictions regarding withdrawal from the banking sector

Per Bloomberg Hugh Hendry, the founder of Eclectica Macro, went on Bloomberg to share his opinions regarding regional banks. He was asked how bad he thought it would get and responded with his fears of what could happen. Before his explanation, he directly answered the query, saying "real bad&

bachelorette

Bachelorette party costs rise by 40% from 2021

Per Axios There have been noticeable price increases in different things, from going out at night to other necessities. Axios reports that even the price of a bachelorette party has increased by 40% from 2021 to this year. It was reported that the average bachelorette party in the US now

compound

Compound Capital Advisor founder says Microsoft, Apple, Google, and Amazon revenue hit $1.4 trillion in the last 12 months

Per Charlie Bilello on Twitter Charlie Bilello, the founder of Compound Capital Advisor, shared how the four largest companies in the US combined reached a record revenue of $1.4 trillion in the last 12 months. It was also highlighted how their growth combined resulted in an 11x growth in

China

China has $3.205 trillion in forex reserves after another increase in April

Per Reuters In April, it was reported that China had reached a whopping $3.205 trillion, and although this didn't beat its previous record, this was still considered a significant high for its reserves. The figure beats previous estimations and comes as the dollar is struggling. It was

banks

722 banks had unrealized losses over 50% of their capital in Q3, 2022

Per Andrew Lokenauth on Twitter It was recently reported that in the third quarter of 2022, 722 banks had amassed massive unrealized losses over 50% of their capital, per Bitcoin.com. This could result in a hindrance to the bank's ability to meet potential unexpected liquidity needs. Lokenauth,

CNBC says something unusual. "It's a perfect situation... shorts don't have to return your borrow"

CNBC says something unusual. "It's a perfect situation... shorts don't have to return your borrow." See full clip: https://twitter.com/unusual_whales/status/1655316825994035201 U.S. authorities at both the federal and state levels are investigating the possibility of "market manipulation"

California's reparations task force has voted to approve recommendations on how the state may compensate for reparations to Black residents, with estimates projecting that the state could owe $800 billion, or more than 2.5 times its annual budget

California's reparations task force has voted to approve recommendations on how the state may compensate for reparations to Black residents, with estimates projecting that the state could owe $800 billion, or more than 2.5 times its annual budget, per NPR. In March, it was announced California was

"It's possible we'll have what I hope will be a mild recession," Powell said

"It's possible we'll have what I hope will be a mild recession," Powell said. This is after the Fed hiked rates by 25BPS. Additionally, the Fed dropped language that it 'anticipates' more policy firming may be appropriate to attain 'sufficiently restrictive&

Senator John Kennedy: "Banks are just ... sophisticated ponzi schemes

Senator John Kennedy said: "Banks are just ... sophisticated ponzi schemes." See full clip: https://twitter.com/unusual_whales/status/1654954438124277760 A recent example: First Citizens Bank, the buyer of Silicon Valley Bank's assets, is run by a billionaire North Carolina family that's bought over

cbs

CBS explains the reason behind 'The Late Night Show With James Corden' shutting down, citing a $20 million loss

Per Business Insider CBS has addressed the reason as to why they had decided to shut down "The Late Night Show With James Corden," saying they lost $20 million in production. It was noted that since 2015, the show's yearly production cost from $60 million to

Elon Musk

Elon Musk stops allowing OpenAI to access Twitter data due to concerns regarding the lack of payment

Per BI Elon Musk previously decided that Twitter would no longer provide OpenAI data. This came as the CEO said he felt the approximately $2 million yearly payment by the ChatGPT creator. Just a few weeks after OpenAI officially launched its ChatGPT tool in December, Twitter stripped the tool from

russia

Russia now suffers the worst labor shortage it ever had since 25 years ago

Per Newsweek Russia's economy has also been affected by its war in Ukraine; now, the country is experiencing a 25-year record labor shortage. This meant that the country had not experienced this much labor shortage since the late 1990s. This came after a survey was conducted by the

who

WHO: COVID-19 no longer a global emergency

Per Reuters WHO has officially lifted the "global emergency" label off COVID-19. The announcement was given by Tedros Adhanom Ghebreyesus, the WHO Director-General. Ghebreyesus: "It is therefore with great hope that I declare COVID-19 over as a global health emergency," The report mentioned that there have

ceo

CEO Tim Cook clarifies that a layoff for Apple would be a 'last resort' and not in consideration

Per CNBC While other tech companies have been letting go of staff left and right, Tim Cook, the CEO of Apple, assures its workers that this is not something the company was considering. The CEO highlighted that mass layoffs would be a "last resort." Cook gave a statement

Bud Light, $BUD, has said that the drop in US sales after a backlash toward the brand is about equivalent to 1% of the company’s global volumes

Bud Light, $BUD, has said that the drop in US sales after a backlash toward the brand is about equivalent to 1% of the company’s global volumes. The week of April 22nd saw a 26.1% decrease in sales, year over year, per Bloomberg. Last week, a second Bud

venezuela

Connections between Venezuela and China are being re-established as the governments resume joint projects

Per Bloomberg For years, Venezuela and China have had cooling ties with one another, but recently, their connections have been re-established. A Maduro government lawmaker, former industry minister, and vice president of the Venezuela-China Parliamentary Friendship Group, Rodolfo Sanz, said that China is a "strategic ally." This comes

Elon Musk

Elon Musk: 'Mild recession is already here'

Per Business Insider Elon Musk has previously commented about a recession coming, and now, he noted that a "mild recession" was "already here." He noted that although a "mild" recession was here, there could still be a "severe" recession coming. This came

ftc

FTC proposes new restriction on Facebook parent company Meta from using kids' data as part of their monetization efforts

Per CNBC The FTC stated that Meta, the parent company of Facebook, violated a privacy order of 2020. Because of that, they are proposing that the parent company would not be able to use kids' data from its monetization efforts. This was after "several gaps and weaknesses"

mcdonald's

McDonald's franchisees fined after illegally working minors were found, including two 10-year-olds

Per CNBC Three franchisees that were responsible for the operations of 62 McDonald's were found to have violated federal labor laws. It was noted that 305 minors were found to be working illegally, including two 10-year-olds. The US Labor Department specified that the locations that violated federal labor

first horizon

IRS to hire special agents, paying up to almost $95,000, who could use "deadly force" if necessary

Per Business Insider The IRS wants to ramp up its efforts regarding tax collection and ensure that what needs to be paid gets paid. To do this, they're hiring special agents, offering them up to almost $95,000, and ensuring they are prepared to use "deadly force&

Fed hikes rates by 25 BPS

The Fed hikes rates by 25BPS. Additionally, the Fed dropped language that it 'anticipates' more policy firming may be appropriate to attain 'sufficiently restrictive' stance. The Fed also repeated that US banking system is sound and resilient. Fedwatch notes US interest rate futures price in a

russia

Russia says a night-time drone attack by Ukraine on the Kremlin failed and that Putin was not there, but Ukraine denies the attack

Per Reuters Russia has clarified that Putin was not in Kremlin when an alleged night-time drone attack by Ukraine tried to take out President Vladimir Putin. However, Ukraine denied the accusation. Kremlin gave a statement regarding the supposed situation. It also said Russia "reserved the right to retaliate"

americans

Americans spend less on groceries than on restaurants

Per Axios A new study by Axios has found that Americans were spending less on groceries than they had been spending on restaurants. From 2021 to 2023, the gap will widen. It was reported that Americans spent $95 billion on dining out compared to the $72 billion spent on groceries.

match group

Match Group, the owner of Tinder and Hinge, says it'll exit Russia by June 30

Per Reuters Match Group, the owner of Tinder and Hinge, has expressed its desire to exit Russia. The company has announced a timeline, saying it would officially exit Russia by June 30. Match gave a recent statement regarding their reason for exiting Russia. This makes the company part of many