Unusual Whales

savings

American Personal Saving Rate Dropped to 17-Year Low While Household Debt Climbs

Per Bloomberg The rate of American personal savings is now dropping to its lowest rate in 17 years. The last time that the US experienced such low personal saving rates was in 2005. The report highlights how inflation and rising borrowing costs affect how Americans save their money. In October

China's population started shrinking in 2022 for the first time since 1960

China's population started shrinking in 2022 for the first time since 1960. 9.56 million babies were born in 2022. Bloomberg reports this is down 10.62 from 2021. A total of 10.41 million people died, a slight increase from around 10 million recorded in recent years.

Pfizer had Twitter censor users tweeting at them to ask for generic low cost vaccines, per Lee Fang of Twitter Files

BioNTech, which developed Pfizer's, PFE, vaccine, reportedly reached out to Twitter to request that Twitter directly censor users tweeting at them to ask for generic low cost vaccines, per Lee Fang of Twitter Files. Reportedly, BioNTech emaile Twitter directly to ask content moderators to censor users who had

U.S. banks get ready for a recession

U.S. banks get ready for a recession, per Reuters. "With most U.S. economists forecasting either a recession or significant slowdown this year, banks will likely incorporate a more severe economic outlook," said Morgan Stanley analysts said. Meanwhile, Goldman Sachs has laid off thousands of employees. Morgan

Microsoft, MSFT, employees are getting unlimited time off

Originally the Verge broke the story, but Microsoft employees were told they were getting unlimited time off. Kathleen Hogan, Microsoft's chief people officer, said: “How, when, and where we do our jobs has dramatically changed,” explains Hogan in the internal memo. “And as we’ve transformed, modernizing our

jpmorgan chase

JPMorgan Chase Shuts $175M Worth 'Frank' Website After Fraudulent Student User Count

JPMorgan Chase just purchased a website for $175 million on the pretense that it was doing well but now, the company is shutting it down after most of its users were reportedly false. The news comes at a time when $18 trillion worth of global stock was wiped out in

binance

Binance Lets Traders Keep Collateral Off-Chain Amid FTX Collapse Concerns

Per Bloomberg After the collapse of FTX and the bankruptcy of multiple crypto firms, Binance has decided to make a move to put traders at ease. The crypto exchange now allows firms to leave their collateral in cold storage. After FTX's collapse, multiple crypto firms have been declaring

tiktok

TikTok Amps Efforts to Win the US with $1.5 Billion Reorganizing Plan: Transparency Offered

Per WSJ TikTok has been the subject of massive criticism from different government bodies regarding how it handles its data. In a move to help win over the US government, which is taking action against the Chinese-owned app, the app is providing more detail about its $1.5 billion restructuring

france

France Raises Retirement Age Pension in 2030 from 62 to 64: Special Exemptions for Those Who Worked Before 20

Per PBS France is raising the age at which workers can enjoy full retirement pensions with special exemptions given to those who started working before they turned 20. The change is expected to occur in 2030 and will gradually start this year. French Prime Minister Elisabeth Borne announced that the

twitter

Twitter Suspends Tweetbot and Other Third-Party Apps With No Announcement

Per The Verge Elon Musk's Twitter has made another unexpected move with popular third-party apps like Tweetbot reporting issues connecting to the social platform. While some say this could be a bug, others say that they don't know the root cause. Developers of different third-party Twitter

Elon Musk has said: I think 2023 is going to be quite a serious recession, and it's going to be comparable to 2009

Elon Musk has said: I think 2023 is going to be quite a serious recession. It's going to be, in my opinion, comparable to 2009. "It does seem like we're headed into a recession here in 2023," Musk said during an episode of the

Bill Gates: Fake meat will eventually be "very good"

Bill Gates did a multiple of AMA's on Reddit. He said that: The world will not be able to avoid overshooting the goal established in the 2015 Paris Climate Accord to limit global warming to, ideally, 1.5 degrees Celsius compared to pre-Industrial levels. He said: While it’

The U.S. will hit the debt limit Jan. 19, Treasury Secretary Janet Yellen has said

The U.S. will hit the debt limit Jan. 19, Treasury Secretary Janet Yellen has said. Janet Yellen said the U.S. is projected to reach its roughly $31.4 trillion borrowing limit in less than a week. She said the Treasury Department will start taking necessary steps to keep

johnson & johnson

Johnson & Johnson Deals with Decrease in Covid Vaccine Demand by Scaling Back Production

Johnson & Johnson was one contender in the mass-vaccination period where it remained scarce, and more and more people were trying to get it. With less demand for a Covid vaccine, the company is vastly scaling back its production after terminating manufacturing deals with various companies in recent months. The

crypto.com

Crypto.com to Slash 20% Of Workforce Citing How the FTX Collapse Damaged Industry Trust

Per Reuters Crypto.com is the latest to join the list of companies that have let go of a significant chunk of their workforce. With plans of a 20% layoff, the crypto exchange follows rivals Coinbase, Huobi, and Genesis, which have also recently let go of a significant chunk of

salesforce

Salesforce CEO Raises Eyebrows Over Statements that Younger Remote Workers Might Not be as Productive

Per Business Insider The CEO of Salesforce is now under a lot of heat for remarks made regarding the productivity of some of its workers. Marc Benioff, Salesforce CEO, pointed out that the younger remote employees, ones especially hired during the pandemic, might not be as productive. The statements came

China

China Sold 5X More EVs Compared to the US in 2022

Per Forbes China has remained a huge market for electric vehicles compared to other markets like the US. Data showed that the country's EV sales were 5x more than the US. The China Passenger Car Association released 2022 sales data which revealed how their EV sales did against

uk

UK GDP Bump Helps Slightly Steer Risk of Recession

Bloomberg A small recovery in the UK economy via an increase of 0.1% in gross domestic product (GDP) is helping its economy slightly decrease the risk of falling into a recession. This comes despite a recession expected by the central bank from late 2022 until 2024. While some parts

Tesla decreases prices in the US

Tesla has decreased prices in the US, with the largest model Y being decreased by $13,000. Sawyer Merrit was first on it, with Electrek following. They have reportedly decreased prices in China, Singapore, and others. Canada has been slashed, for example, by 21% per Drive Tesla. The largest decrease

Genesis and Gemini charged by SEC with selling unregistered securities

Genesis and Gemini charged by SEC with selling unregistered securities, per CNBC. The Securities and Exchange Commission alleged in a complaint that crypto firms Gemini and Genesis offered and sold unregistered securities. Gemini's Earn program, supported by Genesis' lending activities, met the SEC's definition by

The federal budget deficit fell to $1.4 trillion for the 2022 calendar year

The US government recorded a deficit of $85 billion in December, bringing the total deficit to nearly $1.42 trillion for 2022. December’s deficit was nearly four times as large as the $21.3 billion deficit recorded in December 2021 as spending grew and revenue fell last month. The

Amazon's, AMZN, 'Thursday Night Football' audiences missed estimates by up to 25%

Amazon's, $AMZN, 'Thursday Night Football' audiences missed estimates by up to 25%, and the tech giant is scrambling to compensate advertisers, per BI. “Through the 2022 season, TNF averaged 11.3M viewers according to Amazon’s first-party measurement and the median age was the youngest in

sbf

SBF Maintains that He 'Didn't Steal Funds' Days After Lawyers Recovered at Least $5 Billion

Per NYT Sam Bankman-Fried is facing criminal charges but after a recent $5 billion in liquid assets were found by lawyers, the disgraced CEO maintains that he did not steal funds from customers. With the fall of FTX, customers are scrambling to try and get their funds back from the

subway

Subway Entertains Sale of Company with Valuation at Potentially Over $10 Billion

Per WSJ Subway had over 37,000 locations worldwide, and now, the sandwich chain is entertaining the potential of selling the company. So far, the company has retained advisers and is looking at selling the company at a valuation of $10 billion. The report highlights people familiar with the situation,

ftx

Miami-Dade County Wins Right to Strip FTX Name Off Arena: Federal Bankruptcy Court Terminates Deal

Per NBA FTX had multiple advertising deals with multiple outlets, including the Miami-Dade County arena, which resulted in it being referred to as the FTX Arena. A federal bankruptcy court has terminated the deal, which allows the arena to take down signs and advertising material related to the now-collapsed crypto