Unusual Whales

Republican-led House has passed a bill to cut IRS funding.

The Republican-led House has passed a bill to cut IRS funding. This would rescind nearly $71 billion that Congress had provided the IRS. Kevin McCarthy had campaigned on this promise, adn the bill was passed by party-line of vote 221-210. It is likely the Democratic-controlled Senate will not pass it.

The House of Representatives has voted to pass a new set of rules that will severely weaken the ability of the Office of Congressional Ethics to investigate members of Congress for potential wrongdoing, including stock trading

The House of Representatives has voted to pass a new set of rules that will severely weaken the ability of the Office of Congressional Ethics to investigate members of Congress for potential wrongdoing, including stock trading. "The proposed rules package severely curtails the ability of OCE to do the

Several classified documents from President Joe Biden's time as vice president were discovered last fall in a private office

Several classified documents from President Joe Biden's time as vice president were discovered last fall in a private office, Biden's attorneys have acknowledged per NYT. Attorney General Merrick Garland has asked the US attorney in Chicago to investigate the matter, a source familiar with the matter

Prosecutors are reportedly telling lawyers that the FTX fraud investigation is so sprawling that it could exhaust resources of the southern district

The original quote was from Charles Gasparino. He stated: BREAKING: Prosecutors are telling lawyers connected to @SBF_FTX fraud investigation the case is so sprawling that it could exhaust resources of the southern district since it includes potential bribery, campaign contribution violations, market manipulation on top of theft & fraud.

ftx

Filing Reveals FTX Spent $7M on Food in 9 Months: $40M Spent In Total for Hotels, Foods, and Travel

Per Business Insider While Sam Bankman-Fried tried to give a low-key demeanor, it was recently revealed that the now-bankrupt FTX spent a total of $40 million on hotels, food, and travel in nine months. $7 million of that amount was spent on food alone. Bankruptcy court documents revealed massive spending

China

China Removes Over 1,000 Social Media Accounts, Citing Almost 13,000 Violations

Per BBC Weibo, a Chinese social media site, has said it purposely suspended accounts criticizing country specialists for COVID-19. So far, the platform has removed over 1,000 accounts and has cited more than 13,000 violations. In line with China's zero-Covid policy enacted in December, the government

goldman sachs

Goldman Sachs to Let Go of Almost 3,200 Employees With a Third Coming from Trading and Banking Units

Per Bloomberg Goldman Sachs is letting go of almost 3,200 employees, with over a third coming from its core banking and trading units. Since 2018, the bank has grown by 34%, recorded on September 2022. Under Goldman Sachs CEO David Solomon, the bank grew its staff and reached 49,

twitter

Elon Musk Says Twitter Will Add Bold, Underline, and Font Size Options

Per Elon Musk on Twitter Elon Musk has talked repeatedly about Twitter's word limit and is planning to increase it to 4,000 words. Aside from that, the CEO also announced other additions, like the ability to underline or tweet in bold while adjusting the font sizes. The

Apple

Apple Job Postings in India Refer Directly to Retail Operations: Company to Open Its First Flagship Stores

Per FT Apple is making its presence known in India as the company recently posted job positions on flagship retail operations in Idia. This leads experts to believe that the company is preparing to open its first flagship locations in the country. This expansion will be important as Apple still

Larry Summers says markets are wrong to think things will return to normal

Former Treasury Secretary Larry Summers has said that markets are wrong to think things will return to normal. He stated with Bloomberg that: "I suspect tumult." He added: "This is going to be remembered as the year when we recognized that we were heading into a different

Anthony Fauci has said he has 'no idea' what Elon Musk's talking about after Elon has said he will release the 'Fauci Files.'

Anthony Fauci has said he has 'no idea' what Elon Musk's talking about after Elon has said he will release the 'Fauci Files.' On CBS, he said: "I have no idea what he's talking about. I mean, there's a

Wells Fargo has fired an executive after he reportedly urinated on a fellow passenger during a flight

The executive was fired after reportedly peeing on a fellow passenger. The banker was inebriated reportedly. The company said: WFC holds employees to the highest standards of professional and personal behavior." Previously, the Chief Financial Officer of Tyson Foods CFO John Tyson was arrested in November  after he allegedly

disney

Disney's 'Avatar: The Way of the Water' Hits Around $1.51 Billion and is Now 2022's Highest-Grossing Film

Per Box Office Pro While Disney has dropped 40.04% in the span of a full year, one of its movies, Avatar: The Way of the Water, hits around $1.51 billion, counting its domestic and global performance. The movie made $464.9 million domestically and $1.05 billion internationally,

huobi

Huobi Cuts 20% of Staff: Company Expects a Lean Team to Maintain the Crypto Exchange Moving Forward

Per Reuters Huobi has decided to cut its staff by 20% as it plans to keep a lean team to maintain its operations moving forward. The platform grew over the last three months, adding an average of 20,000 new daily users. CoinGecko's November numbers showed that Huobi

hilary clinton

Hilary Clinton Becomes a Professor of Global Affairs at the Columbia University

Per NYP Former US secretary of state and presidential candidate Hilary Clinton is becoming a professor of global affairs for the academic year 2023 to 2024. The former presidential candidate will focus on advising efforts to engage women and young people with her new role with the Columbia World Project.

digital currency group

Digital Currency Group Closes its HQ with $3.5 Billion in Assets Under Management

Per Bloomberg The Digital Currency Group (DGC) is officially closing down its wealth-management division, called its HQ, as the company is dealing with the aftermath of the FTX collapse. The FTX collapse reportedly affected some of the company's biggest subsidiaries resulting in changes and challenges. DGC is a

openai

OpenAI Valuation at $29 Billion While In Talks of Selling Existing Shares in a Tender Offer

Per WSJ OpenAI reached new levels of mainstream popularity among students and many other users on the internet as an AI-writing assistant that could crank up thousands of words in a matter of seconds. While certain features like its Code completion or Image generation are still in beta mode, the

ukraine

Ukraine Hit 30-Year-Low Economic Decline at 30.4% in 2022

Per Reuters The war on Ukraine has resulted in the country's economy hitting its 30-year low in 2022. The country's economy dropped by 30.4% in gross domestic product (GDP). Preliminary economy ministry data revealed that the war in Ukraine resulted in steep economic drops as

Celsius Owns Customer-Deposited Crypto per Judge: Some Customers to be Paid Last

Per Reuters Celsius' bankruptcy left approximately 600,000 customers furious, and now, a judge ruling has stated that Celsius Network owned most of the crypto deposited by customers. The ruling notes that while some customers will be able to receive a 100% repayment for their deposits, not everyone will

economy

Nearly Two-Thirds of Voters Think the 2023 Economy Will be in the Worse Shape

Per WSJ A December 3-7 poll of 1,500 registered voters by the WSJ found that two-thirds think the 2023 economy will be worse. The survey showed that Republicans had the strongest pessimism, while only almost a quarter of Democrats shared the same sentiments. The article says that the negative

salesforce

Salesforce Plans to Cut 10% of Workforce and Reduce Real Estate Holding

Per Bloomberg Salesforce, a company with 80,000 employees per the regulatory filing, plans to fire 10% of its workforce and completely restructure its company by 2024. This comes after the company almost tripled its workforce in the span of four years. The cloud-based software company saw a massive increase

DELL

Dell 2024 Plans Include Phasing Out 'Made In China' Chips

Per Nikkei As tensions between US and Beijing are rising, Dell, an American computer company, has decided that it is planning to significantly decrease its reliance on "Made in China" chips to phase them out completely by the year 2024 finally. While most companies, especially tech companies, rely

Elon Musk downsizes Twitter headquarters to two floors from six

Elon Musk downsizes Twitter headquarters to two floors from six, per NYP. This is after cutting thousands (down from 7,500), to approximately 2,500. This is also after reportedly closing its Seattle office. New York Times reported that after missing rent payments, Twitter has gone from six floors to

Twitter is cutting employee benefits starting this quarter

Twitter is cutting employee benefits starting this quarter, per the Platformer. Reporter Zoe from the Platformer noted that commuter benefits, family planning, and meal allowances are all out. Meanwhile, snacks remain. This is all from leaked information that the Platformer has direct access to. Recently, Twitter reportedly closed its Twitter

Amazon to lay off more than 17,000 workers

Amazon will lay off more than 17,000 employees, per WSJ. This is the highest ever reduction at Amazon. Back in November, it was stated that they would start with corporate cuts, then moving to Alexa. Initially, the WSJ stated that there would be 10,000 cuts. The additional amount