Unusual Whales

mcdonalds

McDonald's President Says $22/Hr Rate is 'Costly and Job-Destroying': Made $7.4 Million in 2022

McDonald's president Joe Erlinger shared his thoughts about California's new law that makes businesses pay their employees $22 per hour. He noted that the new rate is "costly and job-destroying" while making $7.4 million in 2022. The president of one of the largest

ken griffin

SEC Asks Ken Griffin's Citadel to Probe Employee Devices for 'Evidence of Business Dealings on Unapproved Channels'

Per Reuters The SEC is asking big hedge funds to look into employees' devices to see if there was any "evidence of business dealings on unapproved channels." This news comes after Citadel reported astronomical gains as the top-earning hedge fund of 2022. Last year, Ken Griffin'

sbf

SBF Barred From Using Signal to Contact Ex-Employees

Per Reuters FTX founder Sam Bankman-Fried is being charged with defrauding customers of his crypto exchange, among other charges, and now, he is no longer allowed to contact his former employees via Signal. The ban also includes contacting employees of his hedge fund, Alameda Research. The general ban is that

shell

Shell Reports Around $40 Billion Record High Annual Profit

Per CNBC Shell reported its highest annual profit ever recorded for the full year of 2022. The giant oil company raked in $39.9 billion throughout the year. One sector that was exponentially growing amid the economic turmoil of 2022 was energy. This was because oil and gas prices rose

Fed hikes rates by 25BPS, Powell says disinflationary process started

Today, the Federal Reserve increased rate by 25BPS. For many, this suggested a turning the corner of inflation. Notably, the Fed vote was unaminous. It stated that inflation was still high, with the war in Ukraine contributing. Policymakers also projected "ongoing increases" in borrowing costs would be needed,

Microsoft, MSFT, hosted an exclusive, private Sting concert for top executives on January 17th. The very next day, they announced mass lay offs of 10,000 people.

Microsoft, MSFT, hosted an exclusive, private Sting concert for top executives on January 17th. The very next day, they announced mass lay offs of 10,000 people. Microsoft announced that through March 31, the company will let go of 10,000 employees. This comes shortly after employees were told they

nasdaq

Nasdaq and S&P 500 Get Best January Since 2001 and 2019, Respectively

Per Barrons and CNBC The Nasdaq and the S&P 500 have seen their brightest January this 2023, since 2001 and 2019, respectively. Many reports of a potential recession this year have surfaced, as the Feds have been raising rates throughout 2022. This report comes at a time when

canada

Canada's British Columbia Decriminalizes Owning 2.5 Grams of Illegal Drugs for Adults 18 and Older

Per British Columbia Government Canada's British Columbia has just announced that it will no longer subject adults aged 18 and above to criminal charges if they are caught owning less than 2.5 grams of illegal drugs. Aside from no more charges, the drugs will also not be

tesla

Tesla Grew Employees by 23% in 2022 Despite Stock Dropping by 65%: Tech Sector Layoffs Increase

Per Teslarati While other big tech companies were laying off employees, Tesla, on the other hand, decided to grow its headcount by 23% in 2022. This happened while the company's stock dropped by 65%, per WSJ. While Musk sent out an email to employees saying they were overstaffed

chatgpt

Google Tests ChatGPT Competitors Like 'Apprentice Bard,' a Language Model for Dialogue Applications

Per CNBC While the public has been wondering whether Microsoft's integration of ChatGPT into Bing and other products could give it a chance against Google's search engine, Alphabet's world's most popular search engine is now looking at other competitors in the artificial

Elon Musk

Elon Musk Announces Monetization on Twitter Beta Version Could Come as Early as Next Week

After Elon Musk acquired Twitter for $44 billion and gave previous comments about its struggle to raise profits, he has given many proposed features and ideas that could come to the platform. One of them would be allowing users to monetize their content on Twitter by paying them for posting.

Michael Burry says to sell

In his first tweet since coming back to Twitter, Michael Burry has written to simply: sell. Previously, Michael burry said that though inflation may be receeding, investors should prepare for a spike in the future. “Inflation peaked. But it is not the last peak of this cycle. We are likely

Ken Griffin of Citadel has said he would serve as Treasury secretary, but only if the country is in economic trouble

Ken Griffin of Citadel has said he would serve as Treasury secretary, but only if the country is in economic trouble. Previously, he was noted be a mega-donor.  He was become a GOP $100 million midterm megadonor, per CNBC. Notably, Ken Griffin's Citadel earned $16 billion in 2022.

Earning less than $30,000 a year is a 'deal breaker' for daters

Earning less than $30,000 a year is a 'deal breaker' for daters, per CNBC. In the same survey, it was found that one-third of couples don’t talk about finances until after marriage, according to a recent survey of 1,000 adults by Western & Southern Financial

OpenAi has released tool to help tell when text is written by AI

OpenAi has released tool to help tell when text is written by AI. It has stated that it is not 100% accurate, being able to mislabel both AI-generated and human text. OpenAI says its new AI Text Classifier can limit the ability to run automated misinformation campaigns, use AI tools

openai

OpenAI Could Train Its AI Tech to Replace Its Own Software Engineers: Basic Coding to Become Obsolete?

Per Semafor The creator of ChatGPT, OpenAI, is now hiring additional contractors to help with its coding. In the past, the company's AI model was trained by getting codes from GitHub, which is owned by Microsoft, an early investor in the company. The AI tool has made headlines

META

Mark Zuckerberg Says He Doesn't Like 'Managers Managing Managers': Against Managers Creating Larger Teams

Per Business Insider Meta CEO Mark Zuckerberg shared his thoughts on managers managing other managers and commented on the structure of large teams. This came with the company's announcement of building AI tools similar to ChatGPT. Chris Cox, the company's chief product officer, made a post

ftx

FTX Lawyers are Making $810 to $2,000 Per Hour: Sullivan & Cromwell has 150 Lawyers on the Case

Per Business Insider After FTX filed for bankruptcy and Sam Bankman-Fried was brought to the US, John Ray III took over as CEO to oversee the bankruptcy and investigate the crypto firm's practices while SBF was running the show. The crypto firm's bankruptcy proceedings are being

celsius

Former CFO Said Celsius was Doing Things That Were 'Possibly Illegal'

Per The Block After the fall of FTX, other crypto firms filed for bankruptcy; recently, Celsius was one of them. While investigating its bankruptcy filings, the company's CFO admits that there could be things done that were "possibly illegal." Hamuri Urata-Thompson, Celsius CFO, worked at the

norway

Norway's Sovereign Wealth Fund Lost $164 Billion in 2022 Due to 'Very Unusual' Market Conditions

Per CNBC The sovereign wealth fund of Norway, called the Government Pension Fund Global, lost $164 billion in 2022. The year resulted in the fund's value dropping by 14.1%. Nicolai Tangen, Norges Bank Investment Management CEO, gave a statement regarding the global economic factors that affected the

The names of the two people who co-signed Sam-Bankman Fried’s $250 million bail bond can be made public

The names of the two people who co-signed Sam-Bankman Fried’s $250 million bail bond can be made public, per CoinDesk. U.S. District Judge Lewis Kaplan made the ruling on Monday. The Wall Street Journal, Bloomberg and CoinDesk had all filed a suit to get the court to release

The US likely gave $5.4 billion in potentially fraudulent COVID-19 loans and aid

The US likely gave $5.4 billion in potentially fraudulent COVID-19 loans and aid, per Reuters. The watchdog, the Pandemic Response Accountability Committee (PRAC), said it "identified 69,323 questionable Social Security Numbers used to obtain $5.4 billion from the Small Business Administration's COVID-19 Economic Injury

FTX founder Sam Bankman-Fried attempted to stall bankruptcy proceedings in the U.S. in November in order to transfer assets from his crypto exchange to foreign regulators

FTX founder Sam Bankman-Fried attempted to stall bankruptcy proceedings in the U.S. in November in order to transfer assets from his crypto exchange to foreign regulators, per DOJ. “Because FTX’s and Alameda’s remaining assets may include stolen customer funds, fraud proceeds, or assets that are otherwise recoverable

Biden has said that the US will not provide F-16 jets to Ukraine

Biden: US will not provide F-16 jets to Ukraine. Asked on the White House South Lawn if the U.S. would provide F-16 fighter jets to Ukraine, he said, "No." Previously, deputy White House national security adviser Jon Finer told MSNBC that the U.S. would discuss the

Amazon, AMZN, employees are already using ChatGPT for software coding

Amazon, $AMZN, employees are already using ChatGPT for software coding, per BI. One employee said that the Amazon Web Services cloud unit to test the AI's impact on its business. Through testing, this team found ChatGPT does a "very good job" at answering AWS customer support