Unusual Whales

Elon Musk

Elon Musk teases 'Master Plan 3' on March 1, Tesla investor day, the path to Earth's fully sustainable energy future

Per Reuters Elon Musk says that he will be unveiling "Master Plan 3," which is expected to tackle achieving a fully sustainable energy future, on March 1. This would be when Musk's EV company Tesla will be launching the first-ever Investor Day. In a tweet, Elon

biden

Biden wants to stop outsourcing construction materials for Federal infrastructure projects

US President Joe Biden has announced that he wants to set new standards that would require Federal infrastructure projects to use construction materials that are made in America. The standards would help promote locally sourced construction materials and discourage outsourcing. The statement was given during Biden's second State

credit suisse

Credit Suisse caves in to pressure as it decides to drop its anti-money-laundering controls in Asia

Per Bloomberg Credit Suisse has decided to lighten its push regarding anti-money-laundering controls in Asia after receiving complaints from clients and bankers. This included executives needing to approve verifications on their clients' source of wealth. The ease in requirements happened late in 2022 as the company has also decided

Kim Kardashian earned $1 million dollars for speaking at a hedge fund conference

Kim Kardashian earned $1 million dollars for speaking at a hedge fund conference. This was for a single appearance at the iConnections Global Alts conference at the Fontainebleau Miami Beach hotel on January 31. Kardashian's appearance was a part of Miami's "Hedge Fund Week,"

The IRS has issued a new program for employers to report tips employees made

Per the IRS: The Treasury Department and Internal Revenue Service today issued Notice 2023-13, which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program between the IRS and employers in various service industries. The IRS is issuing this

Michael Burry says this time is different

Michael Burry says this time is different, after reactivating his Twitter account. On Jan 31, Michael Burry wrote to simply: sell. Previously, Michael burry said that though inflation may be receding, investors should prepare for a spike in the future. “Inflation peaked. But it is not the last peak of

gemini

Genesis and DGC reached an initial agreement with main creditors: equitization of a $1.1B 10-year promissory note to 3AC included

Per CoinDesk In the wake of FTX, Genesis, another crypto firm that also filed for bankruptcy, is entering an initial agreement with main creditors alongside the crypto firm's parent company, DGC (Digital Coin Group). The initial agreement includes restructuring plan terms. A source familiar with the story said

biden

Biden calls for a 20% minimum tax on billionaires and wants to quadruple corporate stock buybacks surcharge

Per Bloomberg US President Joe Biden recently gave a State of the Union speech that highlighted how he is calling for a 20% minimum tax on billionaires as well as quadrupling corporate stock buyback surcharges. The White House released an official statement regarding the economic results of the plans, per

atlanta

Atlanta Fed President says the improvement in jobs could result in higher interest rates

Per Reuters The Fed previously cut down rates after fear of a recession, which was the main concern of firms and financial analysts. Now, Atlanta Fed President Raphael Bostic said that the improved jobs could increase the possibility of higher interest rates. This comes at a time when the Nasdaq

twitter

Twitter hits 180,00 paying subscribers bringing it an estimated $27.8 million a year

Per The Information After we reported that Twitter was getting closer to breakeven and Elon Musk himself replied, saying the social platform is trending to be financially healthy, a report shared how the platform now has 180,000 paying subscribers in the US. Musk shared how difficult the past three

National Guard soldiers in New York have been reportedly distributing tickets, paid for by New York City, to migrants to allow them to settle instead in Canada

National Guard soldiers in New York have been reportedly distributing tickets, paid for by New York City, to migrants to allow them to settle instead in Canada, per NYP. A New York City Hall source confirmed it pays companies that run programs for migrants that include “reissuing tickets” so they

Google, GOOGL, is launching an Artificial Intelligence powered chatbot called Bard to rival Microsoft’s, MSFT, ChatGPT

Google, $GOOGL, is launching an Artificial Intelligence powered chatbot called Bard to rival Microsoft’s, $MSFT, ChatGPT. In a blog post, Alphabet Chief Executive Sundar Pichai said his company is opening a conversational AI service called Bard to test users for feedback. He also said Google plans to add AI

Bed Bath & Beyond, BBBY, has secured investor backing for a more than $1 billion capital raise to stave off bankruptcy

Bed Bath & Beyond, $BBBY, has secured investor backing for a more than $1 billion capital raise to stave off bankruptcy, per WSJ. The home goods retailer said in securities filings that if it can't complete the complex transaction, it would "likely file for bankruptcy protection."

Biden has said that the risk of a recession in the US is very low

Biden has said that the risk of a recession in the US is very low. Previously in November, he said that were not anywhere near a recession right now. He said: “Today’s report shows that we are making progress on bringing inflation down, without giving up all of the

Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015

Hedge funds betting against stocks globally abandoned those trades last week at the fastest pace since 2015, per Goldman Sachs. Last week’s short-squeeze followed a post-Fed rally. The tech-heavy Nasdaq surged 3.25% on Thursday – its biggest one-day jump in over two months. Despite the massive short covering, hedge

Software engineering and data science job listings are down 24% and 27% from last year

Software engineering and data science job listings are down 24% and 27% from last year, per Bloomberg. This, Bloomberg says, has to largely do with layoffs in the industry. Bloomberg News identified  professionals who lost their jobs in recent weeks at Amazon.com Inc., Meta Platforms Inc., Twitter Inc. and

57% of Americans can’t afford a $1,000 emergency expense

57% of Americans can’t afford a $1,000 emergency expense, per Forbes Reporting. According to two new Bankrate.com surveys, also, 57% of U.S. adults are unable to afford a $1,000 emergency expense and 35% of U.S. adults carry credit card debt from month to month,

Investor Jeremy Grantham has said the stock market could crash 50% this year as the bubble enters its 'final phase

Investor Jeremy Grantham has said the stock market could crash 50% this year as the bubble enters its 'final phase.' In his bear-case scenario, he warned of a potential 50% decline in the stock market this year as he believes valuations are still too high even after last

Binance is temporarily suspending U.S. dollar bank transfers starting on February 8th

Crypto exchange Binance is temporarily suspending U.S. dollar bank transfers starting on February 8th. "We are temporarily suspending USD bank transfers as of February 8th," a Binance spokesperson told CNBC. "Affected customers are being notified directly." The company said "0.01% of our monthly

americans

Americans are spending 30% of their income on rent: New York RTI shot up to 68.5%

Per Moody's Analytics In over 20 years, the national average rent-to-income has reached its highest number ever at 30%. This means that out of a normal US citizen's income, 30% of it will go directly to rent. Places like New York City have seen their rent

americans

Over half of American six-figure earners are still living paycheck to paycheck

Per NY Post A recent report found that over half of American six-figure earners live paycheck to paycheck. To be specific, 51% of respondents earning at least $100,000 shared that they lived paycheck to paycheck. LendingClub and Pymnts conducted the survey, taking into account the answers of 3,989

california

California kids won't need to get COVID-19 vaccinated for school, but mobile vaccination services remain available

Per Axios California has decided not to require children to be vaccinated to go to school for K-12 students. The decision was made as all COVID-19 restrictions for California are expected to end by Feb 8. The report shared how the K-12 vaccine mandate was initially delayed until 2023, which

berkshire hathaway

Berkshire Hathaway's Charlie Munger says US should ban cryptocurrencies like China

Per CNBC Berkshire Hathaway's vice chairman Charlie Munger has long expressed his thoughts against cryptocurrency. Now, Munger says that the US should follow in the footsteps of China when it comes to banning crypto. The 99-year-old Munger gave a statement regarding crypto in a piece in The Wall

paycheck

Almost 2/3rds of Americans lived paycheck to paycheck in 2022, jumping from 42% in 2021

Per CNBC More Americans are now living paycheck to paycheck as the prices of goods have risen, and inflation has affected people's income. Now, two-thirds of Americans say they are living paycheck to paycheck. The numbers came in for 2022 showing 64% of Americans had to live paycheck

Elon Musk says Twitter is “trending to breakeven”

Elon Musk says Twitter is “trending to breakeven” after he had to save it from bankruptcy, per Bloomberg. He said: Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone. Twitter still has