Unusual Whales

There 481,000 new homes for sale as of May, the highest level since 2008

Sales of new U.S. single-family homes dropped to a six-month low in May, impacted by rising mortgage rates that dampened demand, signaling a faltering housing market recovery. However, the impact of the largest sales decline in over 1.5 years, as reported by the Commerce Department on Wednesday, was

Bill Gates is all in on nuclear energy

Artificial intelligence might eventually take over many jobs, but before that happens, the data centers it depends on will need a massive amount of electricity. How do we power these centers and millions of U.S. homes and businesses without increasing climate-warming gas emissions? Bill Gates, Microsoft founder, billionaire philanthropist,

Deporting immigrants could shrink the labor force, creating more competition for U.S. workers and pushing up wages, also adding to inflationary pressure, economists warn

Sixteen of the world's most notable economists, all Nobel Prize winners, are warning that former President Donald Trump could spark inflation if he wins the presidency in November and implements his economic plans. "Many Americans are concerned about inflation, which has come down remarkably fast. There is

Sales at bars and restaurants in the U.S. have fallen in four of the past six months for the first time since the pandemic

Hooters is closing down dozens of underperforming restaurants as inflation takes a toll on the hospitality industry. The sports bar-style restaurant chain has not specified how many locations are closing or released a list of affected outlets. However, local reports indicate that several dozen locations are shutting down in states

80% of real estate brokerages won’t be profitable with lower agent commissions at 2%

If real estate brokerages don't adapt their operations, 79% of them will be unprofitable if the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement lead to typical agent commissions dropping to 2%. This is according to a study published Tuesday by AccountTECH. The

People are delaying buying new cars, creating a deflationary 'spiral'

It's finally getting easier to buy a new car, but shoppers are still hesitant. High interest rates remain a significant deterrent for many car buyers, and price volatility has some delaying their purchases in hopes of securing a better deal in the coming months. This hesitation is creating

A record number of super-rich Norwegians are abandoning Norway for low-tax countries after increasing wealth taxes to 1.1% in 2023

A record number of super-rich Norwegians are leaving Norway for low-tax countries following the center-left government's decision to increase wealth taxes to 1.1%. In 2022, over 30 Norwegian billionaires and multimillionaires departed the country, according to research by the newspaper Dagens Næringsliv. This number exceeds the total

Lawsuit against Roaring Kitty of GameStop, $GME, and Chewy, $CHWY, for securities fraud has been dismissed

Lawsuit against Roaring Kitty of GameStop, $GME, and Chewy, $CHWY, for securities fraud has been dismissed. A court document filed on June 28 in the Eastern District of New York reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Gill, known

Salaries have fallen by an average of 8.2% in the last five years

The past three years have seen an average annual inflation rate of 5.6%, the highest three-year average since the early 1980s recession. With this in mind, we analyzed data from the Bureau of Labor Statistics (BLS), the Federal Housing Finance Agency (FHFA), and Redfin to see how salaries have

80% of Americans say grocery costs have notably increased since the pandemic started

The rate of price increases for food has subsided in recent months, according to the latest government inflation data. However, shoppers still report feeling burdened by the prices they're seeing in the grocery store aisles. In fact, within the past few years, 80% of Americans say they'

Supreme Court, SCOTUS, has partially backed Trump on Presidential Immunity

The Supreme Court has determined that while a president is immune from criminal prosecution for "official acts" carried out during their tenure, this immunity does not extend to "unofficial acts." "Under our constitutional structure of separated powers, the nature of Presidential power entitles a former

Roaring Kitty of GameStop, $GME, has been sued in the Eastern District of New York for securities fraud related to his recent tweets about GameStop

A court document filed on June 28 in the Eastern District of New York reveals that plaintiff Martin Radev accuses Gill of manipulating GameStop’s stock price through his social media influence. Gill, known for his significant role in the “meme stock” movement, is a former financial analyst. The lawsuit

The US Supreme Court SCOTUS has thrown out the judicial decision and backed a Jan 6 protestor that made them face obstruction criminal charges brought by Federal prosecution

WASHINGTON — The Supreme Court on Friday ruled in favor of a former police officer who is seeking to throw out an obstruction charge for joining the Capitol riot on Jan. 6, 2021. The justices in a 6-3 vote on nonideological lines handed a win to defendant Joseph Fischer, who is

Republican Chip Roy has said that today he will introduce resolution calling on VP Harris to start 25 amendment process to remove Biden due to mental incompetency

Republican Chip Roy has said that today he will introduce resolution calling on VP Harris to start 25 amendment process to remove Biden due to mental incompetency. The New York Times editorial board on Friday called on President Biden to abandon his reelection campaign after his widely criticized performance in

President Biden not plan on dropping out, he is committed to a second debate with Donald Trump in September

President Biden remains determined to participate in the second debate against Donald Trump, despite his poor performance on Thursday night. According to CNN Senior White House Correspondent Kayla Tausche, Biden, 81, will be back on the debate stage in September, as confirmed by an advisor. Additionally, Biden is not contemplating

Biden: I have a six handicap in golf

Biden: I have a six handicap in golf. Trump: No you don't. I have seen your swing. "President Biden has a cold," per two unnamed sources reported by NBC. A raspy President Joe Biden delivered rambling answers Thursday in the opening moments of his debate with

"President Biden has a cold," per two unnamed sources reported by NBC

"President Biden has a cold," per two unnamed sources reported by NBC. A raspy President Joe Biden delivered rambling answers Thursday in the opening moments of his debate with his Republican rival, Donald Trump, who countered Biden’s criticism with energy and at times by leaning into falsehoods

Donald Trump: I did not have sex with a pornstar"

Donald Trump: I did not have sex with a pornstar." A raspy President Joe Biden delivered rambling answers Thursday in the opening moments of his debate with his Republican rival, Donald Trump, who countered Biden’s criticism with energy and at times by leaning into falsehoods about the economy

Biden: "We finally beat Medicaid"

A raspy President Joe Biden delivered rambling answers Thursday in the opening moments of his debate with his Republican rival, Donald Trump, who countered Biden’s criticism with energy and at times by leaning into falsehoods about the economy and illegal immigration. The debate came at a pivotal juncture in

Trump, on Biden: “I really don't know what he said at the end of that sentence. I don't think he knows what he said either"

A raspy President Joe Biden delivered rambling answers Thursday in the opening moments of his debate with his Republican rival, Donald Trump, who countered Biden’s criticism with energy and at times by leaning into falsehoods about the economy and illegal immigration. The debate came at a pivotal juncture in

Biden said we have a thousand trillionaires in America

A raspy President Joe Biden delivered rambling answers Thursday in the opening moments of his debate with his Republican rival, Donald Trump, who countered Biden’s criticism with energy and at times by leaning into falsehoods about the economy and illegal immigration. The debate came at a pivotal juncture in

SpaceX will sell insider shares at $112 apiece in a tender offer, a higher-than-expected price that boosts the value of Elon Musk's space and satellite company closer to $210 billion

Elon Musk's SpaceX will sell insider shares in a tender offer that values the private space company at over $200 billion, according to a report. Citing people familiar with the matter, Bloomberg reported that SpaceX will sell insider shares at $112 apiece, valuing the company at close to

Buy now, pay later debt could become a problem for the U.S. economy

Buy now, pay later (BNPL) options are becoming increasingly accessible to consumers. According to a recent NerdWallet report, a quarter of Americans surveyed in April 2024 said they had used BNPL services in the past 12 months. The number of BNPL loans increased by nearly 1,100% between 2019 and

Walmart, $WMT, is replacing its price labels with digital screens—but the company swears it won’t use it for surge pricing

Sticker price tags are becoming obsolete in grocery stores, making way for "digital shelf labels" (DSLs). Retailers have been grappling with shifts in consumer behavior due to inflation, and while some have added service fees or sneaky price labels, others are leveraging DSLs to their advantage. Earlier this

US Supreme Court SCOTUS has blocked Purdue Pharma bankruptcy settlement that would shield Sackler family from Opoid lawsuits

The U.S. Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have protected members of the Sackler family, who own the company, from civil lawsuits related to the opioid crisis. This settlement also aimed to provide billions of dollars to address the epidemic.