Unusual Whales

stellantis

Stellantis is expected to eliminate 3,500 hourly jobs ahead of a United Auto Workers contract expiration

Per CNBC TV18 Stellantis is expected to let go of thousands of workers ahead of one of its contracts expiring. Specifically, the United Auto Workers (UAW) contract expiration is expected to happen on September 14, but before that, the Metro Detroit automaker plans to let go of 3,500 workers.

ken griffin

Ken Griffin expressed concerns regarding Gov. Ron DeSantis despite publicly backing him six months ago

Per NYT Ken Griffin previously donated $5 million to Gov. Ron DeSantis towards his re-election efforts in a previous report per Politico. However, the hedge fund billionaire has recently expressed concerns regarding the Governor's recent moves. Per two people that were familiar with the matter, Ken Griffin met

A second Bud Light, $BUD, senior marketing executive has been placed on leave

A second Bud Light, $BUD, senior marketing executive has been placed on leave. Last week, Bud Light's, $BUD, marketing underwent a change after recent performance, with Alissa Heinerscheid, who has led the brand since June, taking leave of absence, and being replaced by Budweiser global marketing VP Todd

Bud Light sales fell 17% in dollars, while volume dropped 21% in the week ended April 15

Bud Light sales fell 17% in dollars, while volume dropped 21% in the week ended April 15,, per NielsenIQ. Recently, Bud Light's, $BUD, marketing has undergone a change after recent performance, with Alissa Heinerscheid, who has led the brand since June, taking leave of absence, and being replaced

US default on debt would trigger an 'economic catastrophe,’ Yellen has said

US default on debt would trigger an 'economic catastrophe,’ Yellen has said. "A default on our debt would produce an economic and financial catastrophe," Yellen told Sacramento Metropolitan Chamber of Commerce members. "A default would raise the cost of borrowing into perpetuity. Future investments would become

Elon Musk

Elon Musk now earns $100,000 monthly from the almost 25,000 people paying $4 to subscribe to his Twitter profile

Per BI Elon Musk's Twitter profile lets users pay $4 to follow it for premium news. With almost 25,000 people subscribing, the billionaire earns around $100,000 from his profile subscribers alone. This came after the now Twitter owners announced the rebranding of its "Super Followers&

biden

Biden announces re-election bid at the age of 80

Per CNN At the age of 80, current US President Joe Biden has announced his official re-election bid, saying he wants to fight for freedom and rights. Biden is already the oldest inaugurated president, who took the position when he was 78 in January 2021. In a video that opened

spotify

Spotify reaches 500 million active monthly users

Per Reuters For the first time ever, Spotify has reached half a billion active monthly users for the first time ever. After the news of its increased active monthly user count, shares of the company increased by 5%. To be specific, Spotify reached 515 active monthly users in the first

americans

Over a third of Americans had more credit card debt than savings, a new record

Per CNBC Over a third of Americans reportedly had more credit card debt than savings. To be specific, 36% of them reportedly had less money saved than their debts, per a new report. The data comes from the New York Fed's Quarterly Report on Household Debt and Credit

lvmh

LVMH becomes the first European company to surpass a market value of $500 million

Per CNBC LVMH, the parent company of Louis Vuitton, Hennessy, and other brands, has officially become the first company to surpass a market value of half a billion. This came after a 17% increase in its first-quarter sales. The company was able to double the expectations of analysts, resulting in

Bitcoin could hit $100,000 by end-2024, Standard Chartered has said

Bitcoin could hit $100,000 by end-2024, Standard Chartered has said. “We see potential for Bitcoin (BTC) to reach the USD 100,000 level by end-2024, as we believe the much-touted ‘crypto winter’ is finally over,” analyst Geoff Kendrick of Standard Chartered said in the report, titled “Bitcoin — Pathway to

EV

The share of US adults that say they or someone within their household owns or leases an EV sits at just 8%

Per CBS News The share of US adults that say they or at least someone within their household owns or leases an electric vehicle sits at just 8%. The same percentage said their household has a plug-in hybrid vehicle. This comes as four in ten US adults said that they

mcdonald's

McDonald's plans to add a small change to its burgers

Per CNN McDonald's has announced its plans to add small changes to its burgers. This comes as the company is upgrading its core items to improve sales. Here are some of the things promised. * Softer buns * Gooier cheese * Additional onions to the patties on the grill * More Big

work

The average US workweek saw an over half an hour drop over the last three years

Per Bloomberg Law Before the pandemic started, the average US workweek was reportedly up by over half an hour compared to the total hours today. The new research was conducted by the former Bureau of Labor Statistics Commissioner Katharine Abraham and Lea Rendell, her University of Maryland colleague. However, the

california

California power companies would include income-based computations for your electricity bill

Per Fox LA Three of the largest power companies in California have worked together to submit a joint proposal regarding how they would charge income-based fees for electricity. This comes as Californias are expecting how their electricity bill is charged to change by 2025. Southern California Edison communications professional Kathleen

ubs

UBS predicts a rise in commercial real estate loan defaults, although not a 2008-like credit crunch crisis

Per BI UBS is predicting an increase in defaults for commercial real estate loans. However, the impact isn't expected to be as bad as the global financial crisis in 2008. UBS Global Wealth Management Chief Investment Officer Americas, Solita Marcelli, wrote a note to clients detailing their view

San Francisco will give thousands to open pop-ups in empty downtown storefronts

San Francisco will give thousands to open pop-ups in empty downtown storefronts. Those running the pop-ups will get three months of free rent and grants of between $3,000 and $8,000. The city aims to have the first pop-ups open this summer, per SF Standard. The grants are funded

Senator Foster calls retail traders clueless. Gary Gensler responds: "Actually, I like to think the individual investor is pretty smart."

Senator Foster calls retail traders clueless. Gary Gensler responds: "Actually, I like to think the individual investor is pretty smart." See full clip: https://twitter.com/unusual_whales/status/1649767761827053569 During the same hearing, Representative Warren Davidson introduced legislation to remove SEC Chairmen Gary Gensler He said: To

Bud Light's, $BUD, marketing has undergone a change after recent performance, with Alissa Heinerscheid, who has led the brand since June, taking leave of absence

Bud Light's, $BUD, marketing has undergone a change after recent performance, with Alissa Heinerscheid, who has led the brand since June, taking leave of absence, and being replaced by Budweiser global marketing VP Todd Allen, per Ad Age. In April, it was reportedly announced it was pausing its

About 113,800 adults in households with annual incomes of at least $200,000 reported receiving benefits in the last seven days, up 500% from last year

About 113,800 adults in households with annual incomes of at least $200,000 reported receiving benefits in the last seven days, up 500% from last year, per Bloomberg. This is up from about 18,100 a year ago. Per Bloomberg: More than 250,000 adults in such households reported

Voice actors say they're "shocked" to find AI replicating their speech and tone, and they're worried about losing their jobs

Voice actors say they're "shocked" to find AI replicating their speech and tone, and they're worried about losing their jobs, per Bloomberg. Mike Cooper, a British voice actor based in the US, also found his voice on two AI voice-generation websites that claim they’

A new bipartisan bill will be introduced to let the U.S. Mint alter the metal content of coins to save money

A new bipartisan bill will be introduced to let the U.S. Mint alter the metal content of coins to save money. GOP Sen. Joni Ernst, of Iowa, and Democratic Sen. Maggie Hassan, of New Hampshire, seek to cut the soaring cost of minting America’s quarters, dimes, nickels and

Kevin McCarthy's plan for raising the debt ceiling would require Medicaid recipients to work 80 hours per month

Kevin McCarthy's plan for raising the debt ceiling would require Medicaid recipients to work 80 hours per month, per Axios. The measure would require Medicaid recipients to work 80 hours per month. There are a number of exceptions, though, including for people with dependent children, those under age

The Federal Housing Finance Agency’s push for affordable housing will increase payments for good-credit homebuyers to subsidize high-risk mortgages

The Federal Housing Finance Agency’s push for affordable housing will increase payments for good-credit homebuyers to subsidize high-risk mortgages, starting in May 1st. A new federal rule enforced by the Biden administration will make it so that people looking to buy a home with a credit score of 680

Day traders lose $358,000 per day gambling on zero-day options

Day traders lose $358,000 per day gambling on zero-day options, per Bloomberg. This is since May 2022. “We are seeing the study as a cautionary tale,” Heiner Beckmeyer, who co-authored the study along with Nicole Branger and Leander Gayda, said in an interview. “These 0DTE options have huge leverage.