Unusual Whales

America’s banks are missing hundreds of billions of dollars

America’s banks are missing hundreds of billions of dollars, per the Economist. They said: Over the past year those in commercial banks have sunk by half a trillion dollars, a drop of nearly 3%. This makes the financial system more fragile, since banks must shrink to repay their deposits.

Starting April 15th, only verified Twitter accounts will be eligible to be in For You recommendations

Starting April 15th, only verified Twitter accounts will be eligible to be in For You recommendations, Elon Musk tweeted. He said: This is the only realistic way to address advanced AI bot swarms taking over. It is otherwise a hopeless losing battle. Voting in polls will require verification for same

Elon Musk says the state of the commercial real estate debt market is "by far the most serious looming issue."

Elon Musk says the state of the commercial real estate debt market is "by far the most serious looming issue." Previously, Elon Musk expressed his worries about how the Federal Reserve could potentially affect the entire stock market's value. He says that the Fed needs to

White House says US banking system is safe

White House says US banking system is safe. Asked whether the worst of the banking crisis was behind the country, White House's top spokesperson said Americans should not worry. Because of the decisive actions that we have seen ... from our administration, the banking regulators and also the Treasury

Apple

Apple staff get warnings for failing to go to the office three times a week

Per BI Apple is now issuing warnings to staff that fail to show up to the office for three days a week. The escalated warnings come as the company threatens its staff over office attendance. The news comes from Platformer's managing editor Zoë Schiffer who shared about the

survey

Survey of over 1,000 hiring managers reveals 27% of them have job postings up for over four months

Per WSJ In a survey, hiring managers revealed that over a quarter of them had job postings up for over four months. The survey consisted of 1,000 hiring managers, and they revealed a few facts about the job market. One of the revelations was that some hiring managers left

Elon Musk

Twitter employees are being offered equity grants by Elon Musk at a company valuation of $20 billion

Per WSJ Twitter employees are now being offered stock awards based on the company's valuation of $20 billion. This was less than half of Elon Musk's buying price, but despite that, the new CEO says he sees a path for the stock to 10x. Musk: “I

domino's

Domino's Pizza enters liquidation in Italy, closes after eight years

Per Bloomberg Domino's has been struggling to win customers' hearts in Italy, the country famous for its pizza. Now, ePizza SpA, the franchise partner of Domino's, is officially entering its liquidation proceedings per filings seen by Bloomberg. Since Domino struggled to win over customers in

john wick

John Wick: Chapter 4 debuts to $73.5 million box office numbers, a new record for the franchise

Per USA Today The fourth installation to the John Wick movie franchise just debuted, reaching new franchise box office record numbers at $73.5 million. This was almost five times its box office numbers when the original John Wick debuted in 2014. The latest movie starring Keanu Reeves reportedly broke

Robin Williams explains the 2008 banking crisis

He was on Charlie Rose. He says: "They acted like some junkie." "Listen, man. I just need som eliquidity. I just ran into some bad sub prime, you know. We just had complex formulas. We just didn't factor in greed and panic, you know. I

US authorities are weighing an expansion of an emergency lending facility

US authorities are weighing an expansion of an emergency lending facility, per Bloomberg. A potential adjustment to the Federal Reserve’s emergency lending program announced on March 13 is among options authorities have weighed in recent days, according to people with knowledge of the deliberations. Any expansion of the Fed’

openai

68% of ChatGPT users at work say they haven't told their bosses

Per Business Insider With over 43% of professionals reportedly using ChatGPT at work, 68% said they did not tell their bosses. This came from a survey by Fishbowl, which involved 11,700 workers from Jan 26 to 30. This was an update to an earlier survey in January with around

alphabet

Alphabet (Google's parent company) employees signed a petition for demands to CEO Pichai for a better layoff process

Per Bloomberg Employees at Google's parent company, Alphabet, have just signed a petition and an open letter detailing their demands for the company's CEO, Sundar Pichai, regarding its layoff process. The letter detailed the different demands of company employees. Here are some of the demands made

real estate

30-year mortgage rates drop from 6.6% to 6.42% after the second straight week of decline

Per ABC News The 30-year mortgage rates dropped from 6.6% to 6.42% after its second consecutive week of decline. These changes could positively affect homebuyers as the spring buying season is scheduled to start. A year ago, the average rate for 30-year mortgages was at 4.42%, exactly

doubleline

DoubleLine founder Jeffrey Gundlach says Feds would cut rates soon

Per Jeffrey Gundlach on Twitter Founder of DoubleLine, Jeffrey Gundlach, believes that the Feds would soon cut its rates. He specified on Twitter that they would do so "substantially." Gundlach also mentioned that he was wrong 30% of the time, and because of this, people should factor in

white house

Former White House advisor Gary Cohn: 'The Fed has lost control'

Per Business Insider The former White House advisor, Gary Cohn, has shared his thoughts on the Federal Reserve, saying it has "lost control." This was within a statement where Cohn, the now director of the National Economic Council, said that Cohn actually outsourced monetary policy. This came as

TikTok CEO answers Congress

“TikTok itself is not available in mainland China, we’re headquartered in Los Angeles and Singapore, and we have 7,000 employees in the U.S. today,” he said in his opening remarks. “Still, we have heard important concerns about the potential for unwanted foreign access to US data and

ford

Ford expects 2023 EV unit losses to reach $3 billion

Ford has disclosed a new financial reporting structure revealing it expects its EV unit to bring the company $3 billion in losses this year. The company's EV businesses are divided into two, Ford Blue and Ford Pro. Ford Blue is the company's arm responsible for selling

ftx

FTX lawyers cost the disgraced crypto firm $38 million for Jan alone, with new CEO John Ray III billing $305,565 for Feb

Per BI After the collapse of FTX, the disgraced crypto firm had to employ hundreds of lawyers, consultants, and accountants, among others, to investigate what happened. In January alone, the crypto firm was billed $38 million for the services of the hundreds hired. CoinDesk cited court records showing how law

bank of england

Bank of England tries to fight against inflation by raising interest rates by a quarter percentage to 4.25%, its highest since 2008

Per CNN The Bank of England has raised interest rates for the 11th consecutive time, reaching its highest point since 2008 at 4.25%. This came after the bank unexpectedly rose rates by a quarter of a percentage point on Thursday. The Bank of England is taking measures to fight

elizabeth warren

Elizabeth Warren explains skepticism of a system that keeps student loan borrowers struggling while bailing out billion-dollar crypto firms

Per NYT Senator Elizabeth Warren explains the reason why many people are skeptical of the system. She pointed out that the system would prioritize billion-dollar crypto firms instead of helping the remaining millions of Americans that still struggled with student loans. Warren: "It’s no wonder the American people

bernie sanders

Senator Bernie Sanders plans to push a bill to block bank executives from serving on overseeing boards

Per NYT Senator Bernie Sanders was among those that shared their sentiment regarding how Greg Becker, the CEO of Silicon Valley Bank, actually sat on the board of directors for the Federal Reserve Bank of San Francisco until March 10. The senator is pushing a bill that would prevent this

84% of Americans, including strong majorities of Republicans and Democrats, think taxpayers should not have to pay to resolve problems caused by irresponsible bank management

Per reuters: A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though Republican opposition to bank bailouts has softened over the last decade, a Reuters/Ipsos poll completed on Wednesday found. The poll’s results point to a potential

Coinbase Global, $COIN, has said it got a Wells Notice from SEC Staff in their Item 7.01 Regulation FD Disclosure

Coinbase Global, $COIN, has said it got a Wells Notice from SEC Staff in their Item 7.01 Regulation FD Disclosure. Reuters reports: The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase. The potential enforcement actions would be tied to aspects of Coinbase's spot

Yellen: We are not considering insuring all uninsured bank deposits

Yellen said: We are not considering insuring all uninsured bank deposits. Yesterday she said: the US financial system is safest and most liquid in the world. Last week, Yellen said deposits in US. Banks will be guaranteed only if a systemic risk determination is issued. Yellen said: “A bank only