Unusual Whales

Airbnb to Show Full Price in Search Results—Inclusive of Cleaning and Other Fees

Per Tech Crunch Airbnb CEO Brian Chesky announced that the platform would start showing full prices in search results. Users will get the total price (before taxes) in the results. Once clicked, the Airbnb service fee, discounts, and taxes breakdown will be visible. The CEO entertained the idea of displaying

List of Elon Musk's Twitter Plans

Per Baron Funds Interview Elon Musk clarified that Twitter users would get more than just a blue checkmark with its $8/mo verification plan. Here are Elon Musk's other plans: * Long-form video * Long-form audio * Podcasts * Prioritized search * Prioritized mentions * Prioritized replies * Impersonation accounts ban (without specification of "

House Representative Josh Gottheimer had 134 Trades in 19 Out of 24 Sectors in Q1 2021 Alone

By Unusual Whales Josh Gottheimer, Marie Newman, Susie Lee, and Zoe Lofgren were the busiest traders in Congress. Gottheimer had 134 trades in Q1 of 2021 alone. Out of the 24 sectors, the House Representative traded in all categories except five. The only sectors where Gottheimer didn't trade

Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week

Per WSJ: Meta Platforms Inc. is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be among the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the pandemic. The layoffs are expected to

Twitter Now Asks Some Fired Workers to Please Come Back

Per Bloomberg: Twitter Inc., after laying off roughly half the company on Friday following Elon Musk’s $44 billion acquisition, is now reaching out to dozens of employees who lost their jobs and asking them to return. Some of those who are being asked to return were laid off by

About 37% of small businesses, which between them employ almost half of all Americans working in the private sector, were unable to pay their rent in full in October

Per Bloomberg: Rent delinquency rates among US small businesses increased significantly this month, a new report shows. About 37% of small businesses, which between them employ almost half of all Americans working in the private sector, were unable to pay their rent in full in October. That’s according to

Large tax bill on the $1.6 billion Powerball lottery

Per CNBC: The jackpot for Saturday night's drawing is now the largest lottery prize ever at an estimated $1.6 billion — pretax — if you were to opt to take your windfall as an annuity spread over three decades. The upfront cash option — which most jackpot winners choose — for

Credit card debt in the U.S. has hit all-time high of $930 billion

Per CNBC: * U.S. credit card debt hit an all-time high of $930 billion * Debt surpassed the $870 billion peak during the 2008 financial crisis * Credit card delinquency rates increased .16% from the prior quarter to 5.32% * Younger Americans (18 to 29) have a 76% higher delinquency rate than

22% of millennials are going into debt from dating

22% of millennials (ages 26 to 41) and 19% of Gen Zers (ages 18 to 25) have gone into debt from what they’ve spent on dating, according to a September Lendingtree survey. Overall, survey respondents said they spend about $91 on a night out, on average. Respondents who identify

Biden says Twitter spews lies across the world

Per Reuters: U.S. President Joe Biden said on Friday that Elon Musk had purchased a social media platform in Twitter that spews lies across the world. Twitter laid off half its workforce on Friday but said cuts were smaller in the team responsible for preventing the spread of misinformation,

Mortgage application rates drop by almost 90%

Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dropped back a little bit last week, but they’re still near a 22-year high. The average contract interest rate for 30-year fixed-rate

Hedge-fund giant Elliott warns looming hyperinflation could lead to 'global societal collapse

Executives at leading hedge-fund firm Elliott Management Corp. warning that the world is heading toward the worst financial crisis since World War II. In a letter sent to investors, and reportedly seen by the Financial Times, the Florida-headquartered firm told clients that it believes the global economy is in an

Former President Donald Trump is tentatively planning to announce his widely anticipated 2024 campaign November 14

Per Bloomberg: Former President Donald Trump is tentatively planning to announce his widely anticipated 2024 campaign for the White House during the week after US midterm elections, according to people familiar with the matter. Trump has been discussing the week of Nov. 14 to make the announcement, according to the

63% Americans living paycheck to paycheck

As rising prices continue to outpace wage gains, families are finding less cushion in their monthly budget. As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March. A year ago, the number of adults who

63% of Americans support the idea of new stimulus checks to combat inflation

As Newsweek reported, a recent poll indicated that almost two-thirds of Americans are in favor of the federal government providing additional stimulus checks to help them combat inflation. The study, conducted for Newsweek by market research consultant Redfield & Wilton Strategies, polled 1,500 eligible American voters between Oct. 23-24,

63% of Americans Support Stimulus Checks to Combat Inflation

Per Newsweek In a survey of 1,500 eligible voters, 63% of Americans think that stimulus checks are the best way to combat inflation. 42% said they strongly agree, 18% of respondents said they disagree, 15% said they neither agree nor disagree, 3% said they didn't know in

US Unemployment Rate Increased to 3.7% from 3.5% a Month Ago

Per Reuters The US unemployment rate increased to 3.7% in October from 3.5% in September. The unemployment rate increased despite nonfarm payrolls increasing by 261,000 in September. The average hourly earnings grew by 0.4% in October from a 0.3% increase in September. Wages increased 4.

Meta is Officially the Worst Performing Stock in the S&P 500 This 2022

Per CNBC Meta, the parent company of Facebook, is at the bottom of the S&P 500 after being down roughly 73% over the past year. Meta is now the worst-performing stock in the S&P 500 this 2022. Meta performs worse than Align Technology, SVB Financial Group,

Twitter Sued for Elon Musk's Plans for Mass Layoffs

Per Bloomberg A class-action lawsuit was filed against Twitter as it intends to start cutting staff, per an email to employees. This was just shortly after Musk acquired the platform for $44 billion. Large companies are restricted from mass layoffs without at least 60 days of advanced notice per the

Elon Musk ordered Twitter employees to reportedly work 84 hours a week

Per RadarOnline: Elon Musk has reportedly ordered his employees at Twitter to work upwards of 84 hours a week in an effort to reach newly implemented deadlines. The latest development comes just days after the 51-year-old billionaire officially took over as the popular social media platform’s CEO on Thursday.

Elon Musk is closing Twitter's offices to employees before massive layoffs

Per Business Insider: Elon Musk is closing Twitter's offices and ensuring that employees do not return for now, except for the few working directly on projects deemed "Elon critical." On Thursday evening, Twitter employees received their first communication from the company since Musk took over. It

Apple pauses all hiring except for research and development

Per 9to5: According to people familiar with the matter, Apple made the decision to freeze hiring last month ahead of the company’s quarterly earnings report. Sources told Bloomberg that the pause doesn’t apply to teams working on future products and long-term initiatives. The sectors most affected are hardware

Turkish President Tayyip Erdogan said he may negotiate with Elon Musk to avoid paying the monthly $8 charge for the "verified" badge

Turkish President Tayyip Erdogan said he may negotiate with Twitter’s new boss Elon Musk to avoid paying the monthly $8 charge for the “verified” badge. After buying Twitter for $44 billion last week, Musk said the company will charge $8 a month for its Blue service, which includes the

Twitter to start layoffs at 9AM Friday, November 4

Per Reuters: Twitter will alert employees by 9 a.m. Pacific time (12 p.m. EDT/1600 GMT) on Friday about whether they will be laid off, the company said in an email to staff on Thursday. "In an effort to place Twitter on a healthy path, we will

Buy now, pay later is driving Gen Z into debt

Per moneycontrol: Australian firm Afterpay Ltd. popularized the concept of buy now, pay later as a new spin on layaway plans with an instant-gratification twist. The financial products typically let consumers pay for purchases in four installments with the promise of little to no fees, no interest and quick credit