Unusual Whales

Money market funds are the "next bubble," per Bank of America, $BAC

Money market funds are the "next bubble," per Bank of America, $BAC: Total assets held in money-market funds, which are investment vehicles that buy cash-like securities such as short-term Treasury bills, recently reached close to $5.5 trillion, according to RBC. That is the highest on record. The

Zillow Chief Economist Skylar Olsen has said that short-term strategies like home-flipping won't work anymore

Zillow Chief Economist Skylar Olsen has said that short-term strategies like home-flipping won't work anymore, per BI. Meanwhile, in November, nationwide, households need six-figure incomes to comfortably afford the typical home for sale, according to a report by Redfin. Last month, the nation’s home buyers needed to

Marjorie Greene has said: We should go back to the gold standard, not digital currency payment systems.

Marjorie Greene has said: We should go back to the gold standard, not digital currency payment systems. This is following discussions of CBDC in the US. Notably, as well, on the global scale, Saudi Arabia has joined a China-led security bloc and trade alliance with China, Russia, India, Pakistan and

gen z

Gen Z has started to use more flip phones to limit screen time

Per CNBC As technology becomes more accessible, more Gen Z starts to gravitate towards the use of flip phones. Aside from hopping on the new "vintage" tech trend, they are also trying to limit their screen time. The type of phones being used in this trend is flip

vr

Only 4% of VR American teen owners use it daily, with most of them not excited

Per CNBC A Piper Sandler survey found that most Americans weren't too excited about Virtual Reality. While 87% of participants owned iPhones, only 29% owned a VR device. 88% of American teens noted that they wanted their next phone to be an iPhone.   The study found that only

bill gates

Bill Gates says Elon Musk's and researcher's call to pause AI development won't 'solve the challenges'

Per Reuters Previously, Elon Musk and other researchers have called for a pause on AI development for technologies like GPT-4 and more advanced. Now, Microsoft co-founder Bill Gates has commented on the requests saying pausing development isn't the solution. Gates: “I don’t think asking one particular group

walmart

Walmart wants two-thirds of stores to be automated by 2026 to improve costs per unit by about 20%

Per Fox Business Walmart is planning a huge automation drive for the majority of its stores. By 2026, the retailer giant wants 65% of its stores to be serviced by automated supply chains to improve costs per unit by about 20% potentially. The company's press release revealed its

small business

Small businesses bankruptcy rate beats peak pandemic levels

Per BI While the peak of the pandemic saw multiple small businesses file for bankruptcy, that rate of them filing for bankruptcy was taken over by current numbers. At the pandemic's peak, the four-week moving average was just 4.5% in June 2020, but in late February, the

Donald Trump: Our currency is crashing and will soon no longer be the world standard, which will be our greatest defeat, frankly.

Donald Trump said today: Our currency is crashing and will soon no longer be the world standard, which will be our greatest defeat, frankly. Former President Donald Trump has been charged with 34 felony counts of falsifying business records in connection with a scheme that directed hush money payments to

Staplers and tape are no longer being provided to employees at Google, $GOOGL, print stations companywide as part of a cost effectiveness initiative

Staplers and tape are no longer being provided to employees at Google, $GOOGL, print stations companywide as “part of a cost effectiveness initiative,” per CNBC. “We’ve been here before,” the email stated in Google. “Back in 2008, our expenses were growing faster than our revenue. We improved machine utilization,

Trigger for Saudi oil production cut was the comment that the U.S. would not refill its strategic petroleum reserves this year

Trigger for Saudi oil production cut was the comment that the U.S. would not refill its strategic petroleum reserves this year, per MarketWatch. OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, over the weekend. Saudi Arabia led the cartel by pledging its

Malaysia and China to discuss ‘Asian Monetary Fund’ to reduce dependence on US Dollar

Malaysia and China to discuss ‘Asian Monetary Fund’ to reduce dependence on US Dollar, per Bloomberg. Last week, China and Brazil reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. "The expectation is that this will reduce costs... promote even greater bilateral

U.S. pledges another $2.6 billion in weapons aid to Ukraine

U.S. pledges another $2.6 billion in weapons aid to Ukraine. Last week, the Pentagon announced another $350 million in military aid for Ukraine. The Kremlin previously released warnings about the West getting involved with the conflict in Ukraine. Notably, the Pentagon is planning to invite Ukraine troops to

Trump has been indicted on 34 accounts

Former President Donald Trump is charged with 34 felony counts of falsifying business records in connection with a scheme that directed hush money payments to two women before the 2016 presidential election, per CNBC. Prosecutors also said a Trump-friendly publishing company, American Media Inc., paid $30,000 to a former

Tesla, $TSLA, will go after the Wall St short-sellers, certain law firms & (sometimes) corrupt regulators who are the true evil

Elon Musk has said: Tesla, $TSLA, will "go after the Wall St short-sellers, certain law firms & (sometimes) corrupt regulators who are the true evil." In February, it was announced that Tesla was building a legal team. They added , Brandon Ehrhart, joins the company as it continues to

finland

Finland is now the 31st member of NATO

Per CNN Finland officially joined the North Atlantic Treaty Organization (NATO) in a ceremony held at the Brussels NATO headquarters. Antony Blinken, US Secretary of State, was in attendance. Other people in attendance include Jens Stoltenberg, NATO Secretary General, as the accession of Finland was established by Pekka Haavisto, Minister

tech layoffs

2023 tech layoffs surpassed 2022 numbers

Per LayoffFYI Data on Layoffs.fyi showed that tech layoffs in 2023 have surpassed 2022 numbers. As of press time, 2022 had a total of 164,441 layoffs, but now, 2023 saw 167,004 layoffs in the first four months of the year. Another interesting comparison was that the 2022

remote work

Remote-friendly roles see an all-time high in some major US cities

Per Bloomberg Some major cities in the US saw an increase in the number of remote-friendly roles. This was true for places like Atlanta, Chicago, and New York. After remote work became compulsory for most positions during the pandemic, the trend is declining in major tech companies like Meta and

work

Nearly half of the business meetings aren't needed and won't leave negative impacts

Per Bloomberg Law A recent Future Forum survey involving over 10,000 desk workers found that nearly half of the business meetings weren't important. It was noted that the meetings could disappear without negatively affecting the business. The study found that executives spend 25 hours weekly, on average,

bill gates

Bill Gates warns of 'huge mistake' if new TB vaccines aren't funded

Per Reuters Bill Gates is again speaking out about another type of vaccine, the first new tuberculosis vaccine, saying the world would make a "huge mistake" if they didn't fund it. With insufficient funding, the vaccine's late-stage trials could be pushed by over a

Jeffery Epstein’s behavior was so widely known at JPMorgan, $JPM, that senior executives joked about Epstein’s interest in young girls, per the US Virgin Islands lawsuit

Jeffery Epstein’s behavior was so widely known at JPMorgan, $JPM, that senior executives joked about Epstein’s interest in young girls, per the US Virgin Islands lawsuit. Three days ago, Google, $GOOGL, founder, former Disney, $DIS, exec were to be subpoenaed in the JPMorgan, $JPM, vs Jeffrey Epstein lawsuit.

Yellen: rising inequality leading to social instability in US.

Yellen: rising inequality leading to social instability in US. This is following the banking crisis. Yellen previously said: Deposits in US. Banks will be guaranteed only if a systemic risk determination is issued. Yellen said: “A bank only gets that treatment if a majority of the FDIC board, a supermajority

A majority of Americans now think getting a college degree isn't worth it

A majority of Americans now think getting a college degree isn't worth it, a new WSJ poll has said. 56% of Americans think earning a four-year degree is a bad bet. In 2013, 53% of Americans were bullish on college, and 40% weren’t. In 2017, 49% of

White House: Additional Ukraine assistance package to come this week

White House: Additional Ukraine assistance package to come this week. Last week, the Pentagon has announced another $350 million in military aid for Ukraine. The Kremlin previously released warnings about the West getting involved with the conflict in Ukraine. Notably, the Pentagon is planning to invite Ukraine troops to US

Wall Street and numerous hedge funds has lined up against SEC chair Gary Gensler to overhaul the US stock trading system

Wall Street and numerous hedge funds has lined up against SEC chair Gary Gensler to overhaul the US stock trading system, per CNBC. “These proposals are potentially crucial steps towards addressing the issues we saw in January 2021 and making the markets more fair for retail investors,” Better Markets has