Unusual Whales

Norfolk Southern, $NSC, has made another $1.1 million in cash donations to East Palestine, Ohio

Norfolk Southern, $NSC, has made another $1.1 million in cash donations to East Palestine, Ohio. They have given $4.9 million in direct payments to 3,000 households. Norfolk Southern, $NSC, whose trains derailed in East Palestine, Ohio, spilling toxic vinyl chloride, has announced it is creating a $1

Biden is considering adding new payroll taxes on income over $400k to fund Social Security and Medicare

Biden is considering adding new payroll taxes on income over $400k to fund Social Security and Medicare, per WaPo. The current system taxes workers' first $160,200 in earnings, and many Democrats have called for changing that cap as the Social Security trust fund faces insolvency, per BI. "

Biden has reportedly said he has no plans to visit site of train derailment in East Palestine, Ohio

Biden has reportedly said he has no plans to visit site of train derailment in East Palestine, Ohio, per Reuters. On the other hand, President Joe Biden has directed federal agencies to go door-to-door in East Palestine, Ohio, to check on families affected by the toxic train derailment. Norfolk Southern,

Men with degrees who earn $100,000 per year or more are leading the charge to clock in fewer hours at work

Men with degrees who earn $100,000 per year or more are leading the charge to clock in fewer hours at work, per BI. "We think these highly-educated, hard-working high-earners are cutting back on hours for better work-life balance, which is the crux of the Quiet Quitting phenomena,"

college

American college degree holders saw the largest wage decline at 7.4% since 2004

Per Bloomberg Americans who hold college degrees are sharing how they have been struggling with the decline in wages. People without college degrees are slowly catching up to those that already hold secondary degrees. The New York Federal Reserve shared how the median annual pay for bachelor's degree

Elon Musk

Elon Musk needs to get lawyer approval before tweeting Tesla-related info, per SEC

Per Yahoo Finance Elon Musk still needs to get approval from his lawyers before he says anything related to Tesla on Twitter. According to the US Securities and Exchange Commission, this is because of an earlier settlement agreement between Musk and the agency. Per a recent letter, the SEC maintained

department of justice

The DOJ could launch a lawsuit in March to block Adobe's $20 billion Figma acquisition deal

Per CNBC Adobe shared information through a report regarding how the US Justice Department is looking for a way to stop its next $20 billion acquisition deal. This meant stopping the company's planned acquisition of Figma, a startup company that is slowly competing with it. An Adobe spokesperson

bank of america

Bank of America expects the second half of 2023 to be affected by the delayed US recession

Per Bloomberg A Bank of America strategist says that the stock market will take a hit in the second half of this year and that the drop would be due to the delayed recession in the US. Executive Vice President Michael Harnett led a team that came up with the

goldman sachs

Goldman Sachs chief economist Jan Hatzius denies the notion of big tech layoffs being a sign of an impending recession

Per Yahoo Finance Goldman Sachs chief economist Jan Hatzius denies the notion that big tech layoffs are a sign of an impending recession. In a note to clients, Hatzius shared their standing on the big tech layoffs. Hatzius: "Tech layoffs are not a sign of an impending recession,"

A federal court judge ruled in the Dapper vs SEC that these emojis 🚀📈💰objectively mean "one thing: a financial return on investment"

A federal court judge ruled in the Dapper vs SEC that these emojis: 🚀📈 objectively mean "one thing: a financial return on investment," per Lisa Braganca. She shared this image from the trial: This is despite Dappers’ lawyer’s claims that “Basketball cards are not securities. Pokémon cards are

Four states, Utah, West Virginia, Texas and Louisiana, have sued the SEC

Four states, Utah, West Virginia, Texas and Louisiana, have sued the SEC about the new rule that requires certain investment funds to reveal more about how they vote on shareholder ballots, including on pay packages for top executives. The new rule will put shareholders at increased risk of loss, encouraging

United States readies an additional $10 billion in economic assistance for Ukraine, Yellen has said

United States readies an additional $10 billion in economic assistance for Ukraine, Yellen has said. To this, the Biden administration is preparing a $2 billion aid package to Ukraine, per Bloomberg. White House Press Secretary Karine Jean-Pierre had said earlier on Thursday that the administration is planning to announce a

Amazon, $AMZN, employees express dismay, anger about sudden return-to-office policy

Amazon, $AMZN, employees express dismay, anger about sudden return-to-office policy, per CNBC. Amazon tech workers created a Slack channel and drafted an internal petition pushing back on the mandate, with the group retaining 16,000 members, and about 5,000 employees signing a petition. “By arbitrarily forcing return-to-office without providing

Home Depot, $HD, is spending $1 billion to increase wages for hourly workers

Home Depot, $HD, is spending $1 billion to increase wages for hourly workers, per BI. Ted Decker, Chairman, President, and Chief Executive Officer: "The investments in our associates, stores, digital platforms, supply chain, technology and other strategic initiatives have strengthened our business and enabled us to grow share and

JPMorgan, $JPM, has said it should not be held liable for a former top executive’s relationship with Jeffrey Epstein in a lawsuit

JPMorgan, $JPM, has said it should not be held liable for a former top executive’s relationship with Jeffrey Epstein in a lawsuit accusing the largest U.S. bank of facilitating its former client’s sex trafficking enterprise, per Reuters. This is in light of the fact that Jeffrey Epstein

The US equity market was headed for a collapse in 2052, per a Finnish researcher, Klaus Grosby, published in BI

The US equity market was headed for a collapse in 2052, per a Finnish researcher, Klaus Grosby, published in BI. In a recent paper titled "Armageddon of Financial Markets: Is the US equity market eventually going to collapse?", Klaus Grosby looked at data including the 2008 financial crisis,

Canada’s population growth from immigration is causing rents to surge in its biggest cities, per Bloomberg

Canada’s population growth from immigration is causing rents to surge in its biggest cities, per Bloomberg. They showed this figure: Prime Minister Justin Trudeau’s government plans to welcome 465,000 new permanent residents this year, and increase the annual target to half a million by 2025. Rent inflation

real estate

US housing market dropped by $2.3 trillion in the 2nd half of 2022, just 0.9% less than the 2008 housing crisis decline

Per Bloomberg The US housing market has reportedly shrunk by a significant 4.9% during the second half of 2022, meaning it dropped by $2.3 trillion in the total value of homes, per Redfin data. During the housing crisis, this drop was just 0.9% shy of its historical

americans

60% of Americans across different income groups are optimistic and expect their finances to improve by 2024

Per Bloomberg 60% of Americans coming from different income groups are optimistic about 2024. According to the Gallup poll, they believe that their finances would improve. Gallup shares that the optimism is not actually unusual and that Americans lean more towards expecting improvement. Jeffrey Jones noted in the report that

google

Google to implement its new desk sharing strategy next quarter

Per CNBC Google is trying to find new ways to make the use of its real estate more "efficient", and this includes its new desk-sharing strategy, where employees would share desks and alternate days with other desk-mates. The strategy will start next quarter for five of its largest

institutional traders

72% of institutional traders say they don't plan to touch crypto in 2023

Per Coin Telegraph Most institutional traders say they don't have plans to invest or trade crypto this 2023, per a JPMorgan study. 72% of institutional traders cite volatility and liquidity concerns, among other reasons. JPMorgan launched an e-trading survey to find out the plans of institutional traders this

norfolk southern

Norfolk Southern could get a $70,000 daily fine for cleanup and toxic wreck payment failure, per EPA

Per CNN Norfolk Southern could be fined $70,000 daily for cleanup and toxic wreck payment failure after the Ohio train incident, per the EPA. If they didn't present a solution for the whole year, they would be fined $25,550,000 for the whole year, which is

Apple, $AAPL, is making major progress on a no-prick blood glucose monitoring system for its smartwatch

Apple, $AAPL, is making major progress on a no-prick blood glucose monitoring system for its smartwatch, per Bloomberg. The company believes it could bring the monitoring to market eventually. Bloomberg reports there's still years of work ahead. Per Bloomberg: The system uses lasers to emit specific wavelengths of

Beijing plans to hand out $6 a month to low-income families to help offset the cost of food

Beijing plans to hand out $6 a month to low-income families to help offset the cost of food, per BI. The handouts are slated to start at the end of February and are expected to be granted to over 300,000 people, per BI. Several people on WeChat said the

Elon Musk has said that Tesla’s, $TSLA, is making California their new global engineering headquarters.

Elon Musk has said that Tesla’s, $TSLA,  is making California their new global engineering headquarters. “This was HP’s original headquarters, and so I think it’s a poetic transition from the founders of Silicon Valley to Tesla and we’re very excited to make this our global engineering