Unusual Whales

The U.S. budget deficit has hit $1.6 trillion in first 10 months of fiscal year, more than double what it was a year ago

The U.S. budget deficit has hit $1.6 trillion in first 10 months of fiscal year, more than double what it was a year ago. In April, the US federal government’s budget deficit hit $1.1 trillion in the first half of the fiscal year, a 63% jump

A new variant of COVID-19 dubbed EG.5 has become dominant in the US, according to the CDC

A new variant of COVID-19 dubbed EG.5 has become dominant in the U.S., according to the CDC. It is estimated that EG.5, an omicron subvariant, accounted for 17.3% of COVID cases in the U.S. in the two-week period through Aug. 5. Medical professionals

UFC President Dana White has held a meeting with the Italian government to discuss the Elon Musk vs Mark Zuckerberg fight, and making it happen at the Roman Colosseum

UFC President Dana White has held a meeting with the Italian government to discuss the Elon Musk vs Mark Zuckerberg fight, and making it happen at the Roman Colosseum. In June, it was announced Elon Musk and Mark Zuckerberg can reportedly fight at Colosseum, the Italian government has said. In

The Supreme Court has just blocked a $6 billion Purdue Pharma bankruptcy settlement that would protect the Sackler family from opioid-related civil claims

On Thursday, the Supreme Court halted Purdue Pharma's progress in its bankruptcy proceedings. The Biden administration had criticized this unusual arrangement, aimed at shielding the Sackler family from civil claims related to opioids. The court not only agreed to temporarily stop the settlement but also announced its intention

The average credit card debt in the US is $5,733 per person

The average credit card debt in the US is $5,733 per person, according to TransUnion. US credit card debt has now passed $1 trillion. Meanwhile, Gen X has the highest average credit card debt of any generation group, estimated to be $8,266, per Bloomberg. Gen Z had an

The average Manhattan rent just hit a new record of $5,588 a month

The average Manhattan rent just hit a new record of $5,588 a month. In over 20 years, the national average rent-to-income has reached its highest number ever at 30%. This means that out of a normal US citizen's income, 30% of it will go directly

Financial demands of supporting a family of 4 have surpassed what a single salary can adequately provide

Financial demands of supporting a family of 4 have surpassed what a single salary can adequately provide, per FT. Getting rich isn’t the American Dream anymore, per CNBC, with 54% in a recent survey defining it as "feeling happy in life." Meanwhile, it was noted that only

If home prices decrease by 5%, more than 200,000 households could be at risk of falling into negative equity, essentially 'going underwater' on their home loans

If home prices decrease by 5%, more than 200,000 households could be at risk of falling into negative equity, essentially 'going underwater' on their home loans, per CoreLogic. A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US

The U.S. government's debt will rise by $5.2 billion, every single day for the next decade

The U.S. government's debt will rise by $5.2 billion, every single day for the next decade. Drawing upon data sourced from the Congressional Budget Office, an autonomous federal agency, Harnett dissected the projection that government debt will ascend from its present $32.5 trillion mark to

EU to study blocking out sun

A report indicates that the European Union is considering the exploration of blocking sunlight as a potential strategy to address climate change. As reported by Bloomberg News, the European Union is expected to unveil a structured approach on Wednesday for evaluating potential security ramifications associated with climate change. This framework

The median sales price of a home in the US is now 560% of the median household income

The median sales price of a home in the US is now 560% of the median household income, per Gangespost. Meanwhile, A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US housing market, where more than 75% of homes available are

Penn Nation, $PENN, to sell 100% of Barstool Sports back to David Portnoy

ESPN announced that it has partnered with Penn National to launch “ESPN BET.” Barstool founder Dave Portnoy then explained in a video that he has bought back the company from Penn. “I have purchased back Barstool Sports from Penn,” Portnoy said, adding that he once again owns 100 percent of

Mega Millions at $1.55 billion

You can choose a $1.55 billion over 29 annual payments, or a cash lump sum of approximately $752.2 million, per Reuters. There now have been 31 straight drawings without a jackpot winner. The last time someone won the Mega Millions jackpot was April 18. The $1.55 billion

US credit card debt has now passed $1 trillion

US credit card debt has now passed $1 trillion. Meanwhile, Gen X has the highest average credit card debt of any generation group, estimated to be $8,266, per Bloomberg. Gen Z had an average credit card debt of $2,781 in Q4 of 2022, marking a 5.90% jump

Hedge fund billionaire Dan Loeb has said: ‘Fundamental analysis is increasingly taking a back seat to monitoring daily option expiries and Reddit message boards’

Dan Loeb is mad at memestock sellers, per Bloomberg. The meme-driven crowd has, once again, resurfaced, propelling stocks upward and inflicting losses upon short sellers, reminiscent of the chaotic early days of the pandemic. Companies such as Tupperware Brands Corp., Nikola Corp., and Yellow Corp. have witnessed substantial surges,

Pickleball injuries could be $400 million

A fresh hypothesis put forward by UBG Group AG, an investment banking firm, establishes a connection between escalating healthcare expenses and the harm suffered by elderly individuals engaging in pickleball games. According to UBS's disclosed findings to Bloomberg, the occurrences of pickleball-related injuries in 2023 have led

Getting rich isn’t the American Dream anymore, per CNBC, with 54% in a recent survey defining it as "feeling happy in life"

Getting rich isn’t the American Dream anymore, per CNBC, with 54% in a recent survey defining it as "feeling happy in life." Meanwhile, it was noted that only 7% of Americans earned an annual $250,000, according to SmartAsset. However, their purchasing power depends on where they

Elon Musk said he will receive an MRI of his neck and upper back tomorrow and may require surgery

lon Musk said he will receive an MRI of his neck and upper back tomorrow and may require surgery, per Bloomberg.Elon Musk vs Mark Zuckerberg fight will be live-streamed on X. In June, it was announced Elon Musk and Mark Zuckerberg can reportedly fight at Colosseum, the Italian

U.S. government scientists have achieved net energy gain in a fusion reaction for the second time since December last year

U.S. government scientists have achieved net energy gain in a fusion reaction for the second time since December last year Per Reuters: Scientists at the California-based lab repeated the fusion ignition breakthrough in an experiment in the National Ignition Facility (NIF) on July 30 that produced a higher

Elon Musk vs Mark Zuckerberg fight will be live-streamed on X

Elon Musk vs Mark Zuckerberg fight will be live-streamed on X. In June, it was announced 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,

Countries with higher credit rating than the US

See list: On Tuesday, Fitch Ratings downgraded its US debt rating from AAA, the highest rating, to AA+, citing a consistent decline in governance standards. The downgrade was influenced by several factors, including the recent debt ceiling negotiations that took place earlier in the year, posing the risk of the

Ilya "Dutch" Lichtenstein plead guilty to 2016 cyberattack on Bitfinex, a bitcoin theft that amounted to $4.5 billion in value

On Thursday, a man from New York confessed to being the original hacker behind the 2016 cyberattack on Bitfinex, a bitcoin theft that amounted to $4.5 billion in value. Ilya "Dutch" Lichtenstein, aged 35, made this shocking revelation during his guilty plea for laundering the stolen bitcoin

Federal student loan bills return in October. But a growing chorus of borrowers say they simply can’t, or won't pay

Federal student loan bills return in October. But a growing chorus of borrowers say they simply can’t, or won't pay, per Bloomberg. In July, U.S. President Joe Biden announced he will cancel $39 Billion in student loan debt for more than 804,000 borrowers. This year,

These states have a higher credit rating than US

This is per Bloomberg: On Tuesday, Fitch Ratings downgraded its US debt rating from AAA, the highest rating, to AA+, citing a consistent decline in governance standards. The downgrade was influenced by several factors, including the recent debt ceiling negotiations that took place earlier in the year, posing the risk

30 year average mortgage rates in the US have hit 7.20%, a 23 year high

30 year average mortgage rates in the US have hit 7.20%, a 23 year high. Last month, mortgage rates surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November. This increase is partly due to the rise in the yield