Unusual Whales

Nearly 50,000 tech workers have lost their jobs since the start of this year

UiPath will cut approximately 420 jobs as part of a broader restructuring, the company announced in a filing with the SEC on Tuesday. The majority of these layoffs will be completed by the end of the first quarter of fiscal 2026, which concludes next April. On Tuesday, UiPath shares dropped

Microsoft, $MSFT, has told employees in China that starting in September they’ll only be able to use iPhones for work, effectively cutting off Android-powered devices from the workplace

Microsoft, $MSFT, has told employees in China that starting in September they’ll only be able to use iPhones for work, effectively cutting off Android-powered devices from the workplace. Microsoft will require its employees in China to use only iPhones due to their enhanced security features. The decision comes as

The US real-estate market is headed for a correction, strategist Chris Vermeulen has said

America's real-estate market could be headed for a significant correction, according to veteran strategist Chris Vermeulen. The chief market strategist of The Technical Traders highlighted concerning signals in the real-estate sector, particularly as borrowing costs are expected to remain high. Construction starts for single- and multi-family homes have

The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession

The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession. The stock market is projected to crash by 32% in 2025 as the Federal Reserve struggles to prevent a recession, according to the most bearish strategist on Wall Street. Peter Berezin,

New York City paid McKinsey $4,000,000 to do a study on if trash cans work

New York City’s long-stalled plans to test containerized trash collection are gaining momentum. The city has commissioned a multimillion-dollar study and two of its largest property owners have launched pilot programs for garbage bins. Earlier this week, the Department of Sanitation and the city’s Economic Development Corporation awarded

Joe Biden is now deporting more people than Donald Trump ever did as president, amid a record high number of people crossing the US-Mexico border illegally

In June, Biden implemented a sweeping new asylum ban aimed at quickly deporting more recent border crossers to their home countries or Mexico. Even with the tougher border policy, Biden has continued to work to protect longer-term immigrants in the U.S. illegally, including through a new effort announced in

United, $UAL, Boeing, $BA, plane has lost a wheel after takeoff

A United Airlines jet lost a landing-gear wheel on Monday when it took off from Los Angeles, but it safely landed in Denver, its planned destination, with no injuries, the airline said. The wheel from United Flight 1001, a Boeing 757-200, was recovered in Los Angeles. "We are investigating

Countries of the BRICS economic bloc are currently working on the launch of a financial system that would be independent of the dominance of third parties

Countries of the BRICS economic bloc are currently working on the launch of a financial system that would be independent of the dominance of third parties, according to the Russian Ambassador to China Igor Morgulov. The volume of Russia’s transactions in national currencies with fellow BRICS nations is continuously

Biden tells House Democrats to stop calling on him to drop out

Biden tells House Democrats to stop calling on him to drop out. President Biden sent a two-page letter to Democratic lawmakers on Monday, stating, “I am firmly committed to staying in this race,” and emphasized that speculation over his future was aiding former President Donald Trump. He urged that it

NYC shuttered 80% of its Airbnbs, $ABNB, in an attempt to make housing more affordable. All that's done so far is make hotels more expensive

Last September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Less than a year into the city's policy, known as Local Law 18, it's not clear

A Wells Fargo, $WFC, analyst ordered the same Chipotle, $CMG, burrito bowl 75 times, and found that the bowls’ weights were wildly inconsistent

A Wells Fargo, $WFC, analyst ordered the same Chipotle, $CMG, burrito bowl 75 times, and found that the bowls’ weights were wildly inconsistent. Chipotle Mexican Grill's portion sizes are under scrutiny after a Wells Fargo analyst found significant inconsistencies in the popular burrito bowls. Zachary Fedam and his

In the United States, the federal government will spend $892 billion in the current fiscal year on interest payments

Governments worldwide are grappling with an unprecedented debt load, totaling a staggering $91 trillion. This amount nearly matches the size of the entire global economy and poses a significant threat to the well-being of their populations. The surge in debt is partly attributed to pandemic-related costs, which have swollen fiscal

For his events, President Biden's staffers prepare a short document with large print and photos that include his precise path to a podium, according to an event template the White House sends to staffers

For his events, President Biden's staffers prepare a short document with large print and photos that include his precise path to a podium, according to an event template the White House sends to staffers. For his events, President Biden's staffers prepare a concise document with large

France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government

France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government. France’s leftist alliance plans to raise the top marginal income tax rate to 90% if it wins the legislative elections concluding on July 7. Eric Coquerel shared

Anthony Fauci says he has 'no doubt' President Biden possesses the mental and physical fortitude to remain president

Dr. Anthony Fauci says he has 'no doubt' President Biden possesses the mental and physical fortitude to remain president. Speaking on CBS News's "The Takeout" podcast Tuesday, Fauci mentioned his frequent interactions with Biden during his time in Washington, D.C. He said these

More than half of Americans don’t have an emergency fund, and 40% of those who do have less than $10,000

More than half of Americans don’t have an emergency fund, and 40% of those who do have less than $10,000. A striking new survey conducted by Bankrate, involving 1,030 participants, reveals that over half of American adults (56%) lack sufficient savings to cover an unexpected $1,000

Buying a house is as unaffordable as ever, per NYT

The mortgage 'lock-in' effect is here to stay and home prices won't fall for years to come, per Capital Economics. Capital Economics suggests that the frozen state of the US housing market may persist for several years. Following the housing boom during the pandemic, factors such

27% of Americans say they are occasionally skipping meals due to the rising cost of food

39% of Americans say they’ve skipped meals to make housing payments, per Clever Real Estate survey. And among millennials, that figure rose to 44%. Among Baby Boomers, it was 20%. Meanwhile, Housing affordability in the US is near all-time-lows, per $GS. In November, nationwide, households need six-figure incomes to

California has now lost all of the tech-sector jobs it gained during the boom of 2021/2022

California has now lost all of the tech-sector jobs it gained during the boom of 2021/2022, per Joey Politano. The state now has fewer tech jobs than it did pre-pandemic. The US economy added 206,000 jobs in June, according to the Bureau of Labor Statistics report on Friday,

Trump sparks talks of bitcoin as a strategic reserve asset

Donald Trump has just said: “I will ensure that the future of crypto and Bitcoin is shaped in the USA. I will support the right to self-custody for the nation's fifty million crypto holder Former U.S. President Donald Trump has shared his views on the cryptocurrency industry.

JPMorgan, $JPM, states the Fed will cut rates in November later than its previous July forecast

JPMorgan, $JPM, states the Fed will cut rates in November later than its previous July forecast. The Federal Reserve may not cut interest rates at all this year due to persistent inflation, said JPMorgan Chase & Co. President Daniel Pinto. “It may take a bit longer until they can cut

Apple, $AAPL, will reportedly bring ChatGPT and Google, $GOOGL, Gemini under its Apple Intelligence

Apple, $AAPL, will reportedly bring ChatGPT and Google, $GOOGL, Gemini under its Apple Intelligence. Most of the announcements at the event were AI-themed, but the most notable was Apple's new partnership with OpenAI. This partnership brings OpenAI's ChatGPT to the iPhone, giving Siri a much-needed overhaul.

24% of those in Gen Z said they felt pressured by friends to take trips they can’t afford

24% of those in Gen Z said they felt pressured by friends to take trips they can’t afford, per Empower. Gen Z is poised to make the biggest impact this summer, with surveys showing they are increasing their vacation plans and spending more than older travelers. No longer content

The US will soon announce more than $2.3 billion in new security assistance for Ukraine, defense secretary Lloyd Austin has said

Austin also acknowledged Ukraine's ambitions to eventually join NATO, more than two years after Russia's full-scale invasion. Referring to next week's NATO summit in Washington, he mentioned, "We will take steps to build a bridge to NATO membership for Ukraine." He did

President Biden on campaign call: "Let me say this as clearly as I possibly can as simply and straightforward as I can: I am running… no one’s pushing me out. I’m not leaving. I’m in this race to the end and we’re going to win."

President Biden on campaign call: "Let me say this as clearly as I possibly can as simply and straightforward as I can: I am running… no one’s pushing me out. I’m not leaving. I’m in this race to the end and we’re going to win.