Unusual Whales

Elon Musk has created a new artificial intelligence company called X AI that is incorporated in Nevada

Elon Musk has created a new artificial intelligence company called X AI that is incorporated in Nevada, per WSJ. Elon Musk is planning an AI startup rival to Open AI, per FT. Elon Musk is said to be moving forward with an artificial-intelligence project within Twitter, after recently purchasing roughly

France’s Constitutional Council clears President Emmanuel Macron’s plan to raise the retirement age to 64 from 62

France’s Constitutional Council clears President Emmanuel Macron’s plan to raise the retirement age to 64 from 62. France raised the age at which workers can enjoy full retirement pensions with special exemptions given to those who started working before they turned 20 in January. The change is expected

78% of Americans do not feel confident that life for their children’s generation will be better than their own, the highest percent ever

78% of Americans do not feel confident that life for their children’s generation will be better than their own, the highest percent ever, per WSJ. The poll also found 65% of Americans were most likely to describe inflation as a major financial concern. That was followed by housing, at

US housing may see a 2008-style correction as 20% of the market could be mispriced

US housing may see a 2008-style correction as 20% of the market could be mispriced, DeltaTerra's Capital Dave Burt has said per CNBC. Meanwhile, Reuters said: The US housing market isn't going to see a 2008-sized crash. Analysts expect home prices to decline by a modest

Americans will have to live with high prices for years, BlackRock, $BLK, has said

Americans will have to live with high prices for years, BlackRock, $BLK, has said. "We think the 'politics of inflation' narrative is on the cusp of changing," strategists wrote in a note Monday. "The cycle of rapid rate hikes will stop without inflation being back

real estate

Sales of multi-tenant apartment buildings dropped 74%, reaching a new record since 2009

Per WSJ The real estate market has taken a massive hit as sales of multi-tenant apartment buildings dropped by 74%. The report shared that this happened as the demand for these buildings declined. The report also shared different reasons why sales of multi-tenant apartment buildings dropped. It highlighted three major

openai

Nobel Prize-winner Christopher Pissarides says ChatGPT could open the doors to a four-day week

Per Fortune The four-day workweek has recently been the topic of discussion for some companies as a recent study yielded positive results. Now, Nobel Prize-winner Christopher Pissarides said that ChatGPT could open the door to the four-day week. Pissarides gave his thoughts on adopting artificial intelligence in the workplace, saying

moneywise

Moneywise compared gold vs. the US dollar's purchasing power, finding the latter losing 98% of its power since 1971

Per Moneywise Moneywise released a report discussing the dollar's dominance and sought to answer the question as to whether the US dollar was replaceable or not. The report compared gold vs. the US dollar, finding that the latter lost 98% of its purchasing power since 1971. The article

richest

The richest 1% owns two-thirds of the new wealth created, owning more than the other 99% of Americans

Per CNBC The richest 1% of Americans own more stocks compared to the bottom 99%, with the richest snatching up two-thirds of new wealth created since 2020. Last year, the richest 1% took two-thirds of new wealth, with one-third distributed among the bottom 99%. At the start of the year,

blackrock

Blackrock expects Americans to have to live with higher prices for years

With the rising prices of most goods, Blackrock expects Americans to have to live with these high prices for years to come. The firm's strategists also expect not to be able to meet its inflation targets. Previously, the Fed announced its plans to bring inflation down to just

Twitter now supports tweets up to 10,000 characters

Twitter now supports tweets up to 10,000 characters. They said: We’re making improvements to the writing and reading experience on Twitter! Starting today, Twitter now supports Tweets up to 10,000 characters in length, with bold and italic text formatting. Sign up for Twitter Blue to access these

Amazon, $AMZN, is attempting new measures to get customers to return fewer of their online orders, including charging a fee to return items to UPS stores

Amazon, $AMZN, is attempting new measures to get customers to return fewer of their online orders, including charging a fee to return items to UPS stores. Amazon will start charging customers a $1 fee if they return items to a UPS store when there is a Whole Foods, Amazon Fresh

Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade

Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade. China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. "The expectation

A former $META recruiter says she was paid $190,000 per year to do nothing

A former $META recruiter says she was paid $190,000 per year to do nothing, per WSJ. Career strategist Madelyn Machado posted a video on TikTok titled “Getting paid $190k to do nothing at Meta." “We weren’t expected to hire anybody for the first six months, even the

The average cost to raise a child to 17 is now $310,605, up more than $26,000 from a previous estimate made in 2017

The average cost to raise a child to 17 is now $310,605, up more than $26,000 from a previous estimate made in 2017, per Bloomberg. There has been an increase in parents using their savings to help their adult children (people aged 18 and up). This data came

25% of college graduates don’t make more than the typical high school grad

25% of college graduates don’t make more than the typical high school grad, per Bloomberg. Americans with a college degree saw wages decline the most in two decades, per Bloomberg. In 2022, median annual pay was $52,000 for Americans with a bachelor’s degree, according to data released

Americans are working less than they did pre-pandemic,

Americans are working less than they did pre-pandemic, per Bloomberg: Americans have reportedly been struggling to make ends meet, and with inflation remaining the driving factor, 44% of them decided to take up a side hustle on top of their full-time jobs last year. In 2020, only 13% of Americans

Cities with the lowest take home pay of a $100,000 salary in the US

In New York City, a $100,000 salary feels like $36,000, per Bloomberg. New York ranked last, with take-home pay of $35,791. Tennessee, took the No. 1 spot on SmartAsset’s list, with $86,444 in take-home pay after taxes and adjusting for cost of living. “I think

1.9% of multifamily properties financed with Commercial Real Estate Collateralized Loan Obligations didn't earn enough rent to cover their debts

1.9% of multifamily properties financed with Commercial Real Estate Collateralized Loan Obligations didn't earn enough rent to cover their debts, per Trepp. Recently, Due to the high housing prices, even banks are losing money on every mortgage they finance. On average, every mortgage that banks originated in

Bud Light owner Anheuser-Busch is reportedly pausing its marketing efforts and reevaluating its influencer partnerships

Bud Light owner Anheuser-Busch is reportedly pausing its marketing efforts and reevaluating its influencer partnerships, per the Daily Wire. Daily Wire claims: “No one at the senior level” of the company was aware of Bud Light’s ongoing partnerships, quoting an unnamed source. This is after a reported partnership with

Supreme Court allows $6 billion student loan debt settlement, per CNBC

Supreme Court allows $6 billion student loan debt settlement, per CNBC. The class-action settlement concerns loans that borrowers claim should be canceled because they were taken out based on misrepresentation made by their schools, many of which are for-profit. The settlement could be worth more than $6 billion. The application

millennials

Millennials have been taken over by the Baby Boomers as the top homebuyers of 2023

Per the National Association of Realtors Millennials used to make up the largest chunk of homebuyers, but in 2023, Baby Boomers overtook them, resulting in 39% of homebuyers this year. Gen Z buyers also saw an increase, reaching 4%. In 2022, baby boomers only made up 29% of home buyers,

debt

Outstanding US debt totaling $384 billion in the first six months of 2023

Per Bloomberg The outstanding US debt reached $384 billion in the first six months of 2023. This resulted in a 32% increase compared to the same period in 2022, as the federal government's budget deficit jumped by 63% over a year ago. This reportedly meant that the budget

mortgage rates

Americans think mortgage rates could increase past 8% in the next 12 months

Per NY Feds Americans aren't too optimistic about the future of mortgage rates as they expect it to blow past 8% in the next 12 months. This was compared to the 11.5% in February of last year. Regarding real estate for investment or personal use, the New

Apple

Apple Tim Cook starts reading emails at 5 AM to start his day

Per GQ Magazine A recent piece was published taking a closer look into one of the most powerful people in the tech industry today, Tim Cook, the CEO of Apple. The report revealed the CEO's schedule and how he works throughout the day, including his first task, which