Unusual Whales

About 67% of millennials who want to own a home at some point in their lives have no money saved for a down payment and 18% have less than $10,000

About 67% of millennials who want to own a home at some point in their lives have no money saved for a down payment and 18% have less than $10,000, per Bloomberg. Meanwhile, 39% of Americans say they’ve skipped meals to make housing payments, per Clever Real Estate

indeed

Indeed data shows a 55.4% decline in software development job postings compared to a year ago

Per Hiring Lab The recent Indeed Hiring Lab posted a Q1, 2023 report that showed how there was a 55.4% decline when it came to software development job postings compared to a year ago. In total, the Indeed site reported that they saw a 15% YoY drop in job

cpi

CPI drops to 4.9% YoY in April, just 0.1% off of expectations

Per CNBC The consumer price index (CPI) has reached its lowest annual pace since April 2021, dropping to 4.9% year-over-year in April. This resulted in it being just 0.1% off compared to initial expectations. A recent Labor Department report shared how the CPI increase was in line with

gop

Majority of GOP voters support a TikTok ban, with only 33% of Democrats in favor

Per WSJ A new report by WSJ shows that the majority of GOP voters were supportive of a TikTok ban. However, only 33% of Democrats were in favor, bringing the tally to nearly half of US voters supportive of the ban. Per the report, the imposing of a TikTok ban

new york

New York and California taxpayers moving to other states during Covid cost the two over $90 billion in income

Per CNBC As the pandemic happened, many people started evaluating their living conditions, with some deciding to move to a different state. During Covid, New York City and California reportedly suffered as they lost over $90 billion in income as these taxpayers moved. There were many reasons why some people

metaverse

Metaverse could contribute $760 billion, resulting in 2.4% of the US GDP by 2035

Per Reuters Despite Meta's Mark Zuckerberg mentioning the metaverse less in recent talks, a study they commissioned showed that it could still result in a significant chunk of the US GDP. By 2035, the study estimates that it could contribute $760 billion, which would be equal to 2.

Mark Zuckerberg of $META has won gold in his first Brazilian Jiu Jitsu tournament over the weekend

Mark Zuckerberg of $META has won gold in his first Brazilian Jiu Jitsu tournament over the weekend. Meta CEO Mark Zuckerberg won two medals in a Brazilian Jiu-Jitsu tournament held at a Silicon Valley high school Saturday, adding to the tech leader’s vast array of extracurricular activities. The 38-year-old

Yellen is calling CEOs personally to warn on US debt ceiling

Yellen is calling CEOs personally to warn on US debt ceiling, per  Reuters. Yesterdya, the National Association of Government Employees (NAGE) have decided to come together and sue US President Biden and Treasury Secretary Janet Yellen should political talks on national debt ceiling raises fail. These US gov't

Tucker Carlson to launch his show on Twitter

Tucker Carlson to launch his show on Twitter. In a video he said: “Speech is the fundamental pre-requisite for democracy. That’s why it was enshrined in the first of our Constitutional amendments,” Carlson said. “Amazingly, as of tonight, there are not that many platforms left that allow free speech.

Donald Trump has been found liable of sexual assault, but not rape, in the Jean Carroll suit

Donald Trump has been found liable of sexual assault, but not rape, in the Jean Carroll suit, per Reuters. The jury awarded her $5 million in damages for her battery and defamation claims. Asked on its verdict sheet whether Carroll, 79, had proven “by a preponderance of the evidence” that

ChatGPT is reportedly largely powered contractors making $15 an hour

ChatGPT is reportedly largely powered contractors making $15 an hour, per NBC News. Meanwhile, the finance industry is witnessing the emergence of academic research that applies ChatGPT, an artificial intelligence (AI) chatbot, to finance-related tasks. Early results indicate that the technology lives up to its hype. Two recent studies have

biden

NAGE union workers sue Biden and Yellen to continue borrowing should the national debt ceiling raise fail

Per Bloomberg The National Association of Government Employees (NAGE) have decided to come together and sue US President Biden and Treasury Secretary Janet Yellen should political talks on national debt ceiling raises fail. These US gov't employees asked a federal judge to order Yellen to continue borrowing to

shaq

Shaq tries to dismiss the FTX lawsuit citing how the summon papers were "tossed" at his moving car

Per BI Shaquille O'Neal was among some of the most popular celebrities that were also caught up in legal issues due to their promotion of FTX. The former NBA player is now trying to dismiss the FTX lawsuit, citing how the summon papers were "tossed" at

twitter

Twitter wins two lawsuits regarding mass layoffs targeting women

Per Reuters Since Elon Musk's $44 billion acquisition of Twitter, the CEO has been making drastic moves like laying off most of the company's staff. Now, the social platform has just won two lawsuits it received regarding the mass layoffs. With the company's sudden

biden

Biden administration forgives $42 billion student loan debt for public service workers

The Biden administration will forgive student loan debt worth $42 billion for over half a million public service workers. The program would help forgive the debts of teachers, nurses, government employees, and more. This comes from an announcement by the US Department of Education, highlighting changes to its Public Service

nyc

NYC spends around $8 million daily on asylum seekers in shelters

Per Bloomberg A new report by Bloomberg reveals the amount that New York City spends daily on asylum seekers currently in shelters. It was noted that in one day alone, the city spends a whopping $8 million on them, resulting in around $240 million monthly or around $2.9 billion

Washington could be compelled to take an emergency halt to stop short-selling given the banking crisis

Analysts at JPMorgan, $JPM, have reportedly predicted that Washington could be compelled to take an emergency halt to stop short-selling given the banking crisis, per the Times. Meanwhile, it was recently reported that in the third quarter of 2022, 722 banks had amassed massive unrealized losses over 50% of their

22 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022

22 banks reported unrealized losses exceeding 50% of their capital at the end of the third quarter of 2022, per the Fed. In March, the Federal Reserve announced it will launch the service FedNow in July, which will allow banks to instantly transfer payments across the financial system. Announced in

A graphic showing US bank failures

See here: Meanwhile, Elizabeth Warren has said: These bank failures were entirely avoidable if Congress & the Fed had done their jobs and kept strong banking regulations in place since 2018. "Remember after the crash in 2008, we understood that if you don't put pretty strict regulations

Ken Griffin of Citadel and Jeff Bezos of $AMZN at Formula 1 Miami

Ken Griffin of Citadel and Jeff Bezos of $AMZN were seen at Formula 1 Miami. Bloomberg reports tickets cost  $5,000, and bottle service costs $200,000. acing fans spent an average of $1,940 per person at the race–double what the typical Miami tourist spends, Front Office Sports

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