Unusual Whales

Renting is now cheaper than owning a typical home in all but one of 35 major metro areas in the US

According to Bankrate’s analysis of Redfin and Zillow housing data, renting is cheaper than buying a typical home in all of the 50 largest U.S. metro areas. In 21 of these metros, the monthly cost of owning is at least 50 percent higher than the monthly cost of

Florida's home insurance is the highest in the country at an average of $6,000 per year, versus the US average of $1,700

National insurers have minimal presence in Florida, with big insurance companies dominating over half the market nationwide, but in Florida, State Farm holds about 7% of the market, according to the Insurance Information Institute. No other major insurer has even 2%. Regional and local insurers, left to provide coverage, are

46% of Gen Z adults rely on financial assistance from their parents and families

46% of Gen Z adults rely on financial assistance from their parents and families. Almost half (46%) of Gen Z adults ages 18 to 27 said they relied on financial assistance from their parents or other family members, according to the "Parent Trap" survey, released last week by

The monthly payment on a new $500,000 home loan is $1,200 higher than on a mortgage taken out in 2021

U.S. existing home sales fell more than anticipated in June, with the median house price hitting another record high. However, improving supply and declining mortgage rates offer hope for a potential rebound in the coming months. The National Association of Realtors reported on Tuesday that this is the fourth

Secret Service Director Kimberly Cheatle is resigning

U.S. Secret Service Director Kimberly Cheatle has resigned following widespread calls from lawmakers for her to step down after the assassination attempt on former President Donald Trump, according to three sources cited by NBC News. In her resignation letter, obtained from a senior official, Cheatle acknowledged the intense scrutiny

The Biden administration's ban on noncompete clauses has been upheld in court

A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses. U.S. District Judge Kelley Hodge in Philadelphia

Elon Musk has said: America is going bankrupt

Elon Musk expressed concern that the United States could soon face bankruptcy. In a post on his social media platform X (formerly Twitter), he wrote, “Overspending must stop or America will go bankrupt,” in response to a post by user @WallStreetSilv. The user had claimed that eventually, all U.S.

Just 13% of workers in the U.S. are now earning less than $15 an hour

Just 13% of workers in the U.S. are now earning less than $15 an hour. Just 13% of workers in the U.S. now earn less than $15 an hour, compared to 31.9% two years ago, according to new data from Oxfam. Why it matters: Even when adjusting

High inflation is largely not Biden’s or Trump’s fault, economists say per CNBC

High inflation is largely not Biden’s or Trump’s fault, economists say per CNBC. Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024 compared to June 2023, down from a 3.3% annual inflation rate in May, the

Median networth by age decade in the US

As of January 1, 2024, the Mint app has shut down. For alternatives, check out CNBC Select’s ranking of the best budgeting apps. Every three years, the Federal Reserve Board conducts the Survey of Consumer Finances to provide information about family net worth and income in the U.S.

California fast food workers now earn $20 per hour, franchisees are responding by cutting hours

Lawrence Cheng, whose family owns seven Wendy’s locations south of Los Angeles, was busy taking orders and preparing food at the Fountain Valley location in Orange County. He used to have nearly a dozen employees on the afternoon shift but now schedules only seven to manage the significant increase

Trump was kind of right about NATO, per Dimon

Jamie Dimon has a warning for Democrats: Don’t dismiss Trump supporters as people who are solely attracted to his personality. According to the JPMorgan CEO, former President Donald Trump was right about some critical issues. “I wish the Democrats would think a little more carefully when they talk about

Disneyland, $DIS, workers have authorized a strike by 99%

Disneyland, $DIS, workers have authorized a strike by 99%. On Friday, the Disney Workers Rising Bargaining Committee, consisting of four different unions representing 14,000 Disneyland park employees, announced that 99% of their members have authorized a strike, meaning they would not report to work if a strike is implemented.

The New York Stock Exchange has cleared the listing of Bitwise and Grayscale Ethereum Trust’s spot Ethereum ETF

On July 22, the U.S. Securities and Exchange Commission (SEC) approved the listing and registration of Bitwise's spot Ethereum ETF on the New York Stock Exchange (NYSE) ARCA under the 1934 Exchange Act. Previously, the SEC had also approved the listing of Grayscale Ethereum Mini Trust and

Democrats have now raised over $90 million since the day Joe Biden dropped out of the race and endorsed Kamala Harris

Democrats are rallying behind Vice President Kamala Harris following President Joe Biden's surprise announcement on Sunday that he is ending his struggling reelection campaign. These historic developments are energizing Democrats and revitalizing their efforts to defeat former President Donald Trump and his running mate, Ohio Sen. JD Vance.

Biden says he will resume campaigning for reelection next week

President Joe Biden announced on Friday that he will return to the campaign trail next week to continue challenging rival Donald Trump. This comes as he deals with the aftermath of his COVID-19 diagnosis and increasing pressure from Democrats, including Ohio Senator Sherrod Brown, who called for him to step

Elon Musk: We just deleted Crowdstrike $CRWD from all our systems

Elon Musk: We just deleted Crowdstrike $CRWD from all our systems Businesses worldwide struggled with a major IT outage on Friday, causing disruptions in financial services, doctors’ offices, and some TV broadcasters. Air travel was especially affected, with grounded planes, delayed services, and airports advising passengers. The outage followed a

State Farm Insurance is seeking permission from the Californian state government to increase insurance rates as much as 50%

State Farm Insurance is seeking permission from the Californian state government to increase insurance rates as much as 50%. Just months after announcing it would discontinue over 72,000 home policies in California, State Farm Insurance is seeking state approval to increase insurance rates by up to 50%. The largest

Bernie Sanders concedes that Biden 'can't put three sentences together' sometimes

Bernie Sanders concedes that Biden 'can't put three sentences together' sometimes. Sen. Bernie Sanders of Vermont, an independent and key progressive influence within the Democratic Party, is steadfastly supporting President Joe Biden despite questions about his viability. While acknowledging Biden's communication challenges, Sanders remains

Ken Griffin of Citadel has bought a complete Stegosaurus skeleton for $44 million

Ken Griffin of Citadel has bought a complete Stegoasurus skeleton for $44.6 million. Ken Griffin, CEO of the Citadel hedge fund, was the buyer who spent a record $44.6 million to purchase a stegosaurus fossil at auction, according to a person familiar with the acquisition. The skeleton, nicknamed

Institutional investors now own more than 35% of the rental housing stock in the United States

Institutional investors now own more than 35% of the rental housing stock in the United States. Aviva (AV.L), Legal & General (LGEN.L), and M&G (MNG.L) are increasing their investments in rental homes in Britain, betting on long-term returns in a market where housing demand far

Investors in several European commercial mortgage bonds that were originally sold with top credit ratings look set to suffer losses, the first time since the global financial crisis that the safest tier of this debt has been hit

Investors in several European commercial mortgage bonds that were originally sold with top credit ratings look set to suffer losses, the first time since the global financial crisis that the safest tier of this debt has been hit. Investors in several European commercial mortgage bonds, originally sold with top credit

Amazon, $AMZN, announces record-breaking sales for 2024 prime day

Online spending in the U.S. soared 11% year over year to $14.2 billion during Amazon's 48-hour Prime Day event, exceeding estimates and setting a new record, according to Adobe Analytics. Adobe attributed the strong performance to back-to-school shopping and an "apparent product refresh cycle,"

Officials say food prices are dropping but shoppers aren’t buying it

Officials say food prices are dropping but shoppers aren’t buying it, per FORTUNE. Slower-than-expected inflation in June should solidify hopes that Federal Reserve officials will feel confident enough to begin lowering interest rates. Recent consumer price readings, including Thursday’s report, indicate that inflation is on track and trending

Donald Trump has said he’ll bring down prices by opening up the US to more oil and gas drilling

Donald Trump has said he’ll bring down prices by opening up the US to more oil and gas drilling. Donald Trump will not seek to remove Federal Reserve Chair Jerome Powell before the central banker’s term ends and would consider JPMorgan CEO Jamie Dimon for Treasury secretary if