Unusual Whales

Saudi Arabia has lowered oil prices for Europe but raised them for the US

Per Business Insider: Saudi Arabia is raising oil prices for the US market again, while lowering them for Europe and leaving them largely unchanged for Asia. November shipments of Arab Light crude to Asia from state-run producer Saudi Aramco will remain steady at $5.85 per barrel above benchmark prices.

Nord Stream Leaks Show Sign of Sabotage—Detonations Show Evidence of a Deliberate Act With Spain Pointing to Russia

Per Bloomberg and Reuters Swedish investigators found that detonations caused Russia's Nord Stream gas pipe leaks. The preliminary investigation found evidence pointing towards the incident being a deliberate act. No details were revealed by the Swedish investigators on how the detonation happened or who could be responsible for

Jim Cramer ETF Filed Called Long Cramer $LJIM and Short Cramer $SJIM—Here are 5 Times He was Wrong

Per Business Insider, CNBC, CBS, and Market Watch After taking on Cathie Wood, Tuttle Capital Management filed two new ETFs tracking TV personality Jim Cramer's stock recommendations; Long Cramer ETF $LJIM and Short Cramer ETF $SJIM. 5 times Cramer was wrong: * Nov 2, 2012 - Cramer said to

The White House Says OPEC+ is Aligning With Russia After Group Agreed on Deep Oil Production Cuts

Per FT After the OPEC+ group said they would reduce production targets to 2mn barrels a day (2% of global supply), the US White House accused them of aligning with Russia. The decision to cut production targets was made after an in-person meeting, the first in two years, held in

Twitter Employees Will Quit If Musk Takes Over—CEO Parag Could Receive $42M if Removed From His Position

Per NYT and Reuters Some Twitter employees have already left the company in anticipation of Elon Musk's takeover.  Kevin Roose from the NYT said that all employees he spoke with over the last six months plan to leave if Musk's takeover pushes through. Despite this, CEO

Why Unusual Whales does not carry an 'Below Bid' or 'Above Ask' filter

We often get asked why we don't provide a way to filter for trades taking place 'Below Bid' or 'Above Ask'. Why we haven't: It's impossible to trade outside of the 'NBBO (National Best Bid and Offer) bid-ask spread.

Over 50% of CEOs are Thinking of Downsizing—Remote Workers to be the Least Priority

Per Market Watch and KPMG 1,300 CEOs from the world's largest businesses shared their thoughts on the recession, downsizing, and the remote or hybrid setting. * 91% of CEOs believe a recession is coming in the next 12 months * 51% of CEOs are considering downsizing their workforce, with

US Debt Historically Hits $31 Trillion Resulting in Interest Payments Potentially Overtaking the US Defense Budget by 2029

Per New York Times The US national debt hit $31 trillion, as revealed by the Treasury Department. This comes when historically low interest is being replaced with higher rates. The Congressional Budget Office estimates that expenses on interest alone could overtake the United States defense budget by 2029.

Carl Icahn Said 'The Worst is Yet to Come' After Making a $250M Profit on His Twitter Stake

Per WSJ Carl Icahn said "the worst is yet to come" after making a $250 million profit on his Twitter stake. Icahn was able to amass a stake worth over $500 million over the past few months. Icahn entered his stake at the mid-$30/share mark. Shares

Largest Oil Producer Saudi Aramco Says 'World Should be Worried' About Limitations on Oil Supply

Per WSJ Saudi Aramco's Amin Nasser says limitations on oil supply could lead to a disrupted energy market. The chief executive said when the spare capacity is eroded, there will be little buffer left for interruptions or unforeseeable events. Global crude il benchmark declined over the past four

Survey Finds 49% of Millennials Bailed on Their Investments in the 12 Months Through August

Per CNBC A survey by Ally Financials found that 49% of millennials either sold all or part of their investments in the 12 months through August. The young investors were the heavy sellers over the past year. Only 13% of baby boomers, 17% of Gen Z, and 21% of Gen

$3K/Mo Earners Can Only Afford a 931 Sqft Home in San Diego Compared to a 1,366 Sqft Home a Year Ago, Redfin

Per Redfin Homebuyers earning $3,000/month in San Diego can now only afford smaller homes compared to a year ago. Current buyers can only afford a 931 sqft home at a 6.7% mortgage rate compared to the 1,366 sqft home at a 3% mortgage rate a year

UN Says FED and Central Banks are Risking a Global Recession by Continually Raising Interest Rates

Per Wall Street Journal The United Nations says the FED and other central banks risk a global recession if they continue raising interest rates. UNCTAD estimates that the reduced economic output in poor countries due to the FED's rate increases could amount to $360 billion in three years.

Jim Cramer Promotes Credit Suisse Over 14 Years After Saying 'Bear Stearns is Fine' Before It Went Bankrupt

Per CNBC * Jim Cramer in October 2022: "Whoever gets Credit Suisse, $CS, is going to do quite well... this is some great franchise." * Jim Cramer in March 2008: "Bear Stearns is fine. Do not take your money out." Shortly after Cramer's statement on March

JPMorgan Expresses Concerns Over Bond Demand Estimating FED's Holdings Drop $180B YTD

Per Bloomberg JPMorgan is expressing its concerns over bond demands saying commercial banks, foreign governments, and the Federal Reserve are all stepping away from the market. They estimated that the FED's Treasury holdings dropped $180 billion YTD. The collective holdings of Treasuries by commercial banks fell by $60

Insurers Could Pay $57B for Damages Caused by Hurricane Ian

Per Reuters Insurers are trying to assess the damages Hurricane Ian caused while preparing for a potential bill of $57 billion. The death toll passed 80 with an estimated 628K homes and businesses still without power on Monday. Damages could balloon up to $60 billion but without the National Flood

Survey Shows 25% of Netflix Subscribers Plan to Quit the App This Year

Per Reviews.org 1,000 Americans were surveyed to assess their 2022 streaming habits and the study found that 1 out of 4 plan to quit Netflix. 40.49% of those planning to leave attribute their decision to the rising cost of the platform's subscription. The average monthly

Kim Kardashian Settles Over $1M to the SEC for Crypto Scam Shorty After Being Sued for $40M for 'Fake Lottery Scam'

Per CNBC and The Sun Kim Kardashian has agreed to pay a settlement of $1.26 million to the SEC for charges regarding failure to disclose received payments for promoting the EthereumMax crypto asset. K Kardashian was sued along with boxer Floyd Mayweather Jr. and former NBA star Paul Pierce

Credit Suisse executives reassure investors after CDS spike, Financial Times reports

Per Reuters: Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters. Executives made the calls after spreads Credit Suisse credit

Morgan Stanely says dollar will break something

Per Bloomberg: The US dollar’s recent rally is creating an “untenable situation” for risk assets including stocks, and in the past this kind of dollar strength has led to some kind of financial or economic crisis, according to one of Wall Street’s most vocal bears. “While hard to

Elon and Parag's texts

Per LiveMint: Elon Musk and Twitter CEO Parag Agrawal grew close over their shared passion for engineering, recently-released text exchanges show. After learning that Musk had acquired a sizable investment in the business, Twitter gave him a seat on its board but Musk thought it would be a waste of

Grocery Prices Balloon 13.5% in August YOY Marking Largest Increase Since March 1979, General Mills Reports 14-15% Cost Increase

Per CNN The price of groceries surged by 13.5% in August compared to its prices year-over-year. This is the highest annual increase recorded since March 1979. IRI, a market research company, expects food inflation to increase by between 5% and 10% next year. General Mills, the company behind Cheerios,

Citigroup Plans to Scale Back Lending to Asset Managers with Books Estimated to Drop from $65B to $20B

Per FT Citigroup plans to dramatically scale back lending to asset managers. Existing books total about $65B but Citi is preparing to drop it to just about $20B in the next few months. This information came from people familiar with the matter but Citi declined to give a comment. The

Zuckerberg Expects Meta to Become a 'Somewhat Smaller' Org in 2023 to Drop Expenses by Around $3B

Per Bloomberg Mark Zuckerberg plans to reorganize teams and reduce headcount for the first time ever. The company added 5,700 new hires to its 83,500 workforce in the second quarter. Annual expenses are expected to drop by about $3B as its estimated range ballooned up to $95B. Meta

Jack Dorsey Told Elon Musk 'I Trust You' a Year Before $44B Deal

Per Business Insider Jack Dorsey once sent a private text to Elon Musk saying "I trust you" even a year before the $44 billion Twitter deal. * Dorsey: "It can't be a company. That's why I left." * Musk: "What should it look