Unusual Whales

Only 21% of Baby Boomers with at least $1 million said they “want the next generation to enjoy my money while I’m alive"

Baby Boomers are notably the least inclined among generations to pass on their wealth during their lifetimes, according to a new survey by Charles Schwab. The survey found that only 21% of Boomers with at least $1 million in investable assets expressed a desire to share their wealth with the

There are around 11 million Americans 65 or older who are working today, accounting for 7% of all wages and salaries paid by US employers

Baby boomers are extending their careers, creating a ripple effect on the job market for younger workers. While some, like LVMH’s Bernard Arnault, are holding onto their positions for as long as possible, others are “unretiring” after brief stints in retirement, realizing it’s not for them. A new

Chain restaurant bankruptcies are reportedly at their highest level since the pandemic

Chain restaurant bankruptcies are reportedly at their highest level since the pandemic, with several well-known brands struggling to stay afloat. One of the latest casualties is TGI Friday’s, a casual dining chain, which joins over a dozen high-profile restaurants that filed for bankruptcy protection between January and October of

Elon Musk has come out against the bill to avert a looming government shutdown

Tech billionaire and Trump ally Elon Musk has voiced his opposition to a stopgap funding deal, calling for the government to reduce spending. After the release of the bipartisan legislation Tuesday night, Musk took to his platform, X, to criticize the measure, describing the 1,547-page bill as a "

Trump has said: Many Canadians want Canada to become the 51st State

U.S. president-elect Donald Trump has taken another swipe at Canada, suggesting it could become the 51st state of the United States. In a post on Truth Social, Trump claimed that many Canadians support the idea, citing potential savings on taxes and military protection. He added that he thinks it’

U.S. home sales are on track for the worst year since 1995

The average rate for a 30-year mortgage in the U.S. declined for the third consecutive week, providing some relief for potential homebuyers during what is typically a quieter period for the housing market. Mortgage buyer Freddie Mac reported Thursday that the rate dipped to 6.6%, down from 6.

The Supreme Court has agreed to hear oral arguments on Jan. 10 over whether the law to force a sale of TikTok from its parent company or face a ban is constitutional

The Supreme Court announced Wednesday that it will review a legal challenge to a new law that could result in a U.S. ban on TikTok, setting the stage for a significant legal battle over access to the widely popular app, which is used by tens of millions of Americans.

Selling new gas cars in California will be banned in 2035

The Environmental Protection Agency (EPA) approved two California requests on Wednesday to implement stringent vehicle emissions rules, including a landmark policy aiming to ban the sale of new gasoline-powered cars by 2035. However, the incoming Trump administration is expected to challenge this decision. California’s regulation goes beyond a federal

Harvard Law enrolled 19 first-year Black students this fall, the lowest number since the 1960s, following last year's SCOTUS decision banning affirmative action

The percentage of Black students in Harvard Law School’s J.D. Class of 2027 dropped by over four percentage points compared to the previous year, according to enrollment data released by the school on Monday. This marks the first class admitted after the Supreme Court’s ruling against race-based

Restaurant prices have risen 44% since 2015, compared to a 26% uptick in grocery prices during the same timeframe

Chain restaurant bankruptcies are reportedly at their highest level since the pandemic, with several well-known brands struggling to stay afloat. One of the latest casualties is TGI Friday’s, a casual dining chain, which joins over a dozen high-profile restaurants that filed for bankruptcy protection between January and October of

The FTC has banned "junk fees" on hotels and live event tickets

The U.S. Federal Trade Commission (FTC) approved a rule on Tuesday requiring ticket sellers, hotels, and vacation rental platforms to disclose total prices upfront, including all fees, and banning them from hiding add-on charges until the final stages of checkout. The rule is one of the final steps in

President-elect Donald Trump said federal workers who don't want to work in the office will be fired, despite a union deal to allow federal workers to continue to telework into 2029

Elon Musk and Vivek Ramaswamy—two billionaire entrepreneurs and newly appointed Trump administration advisors—are making lofty promises. This week, the pair informed Congress that through their advisory board, the Department of Government Efficiency (DOGE), they intend to cut $2 trillion in “government waste.” The catch? The proposed savings rely

The number of government workers who show up in person and do 40 hours of work a week is closer to 1%

Elon Musk and Vivek Ramaswamy—two billionaire entrepreneurs and newly appointed Trump administration advisors—are making lofty promises. This week, the pair informed Congress that through their advisory board, the Department of Government Efficiency (DOGE), they intend to cut $2 trillion in “government waste.” The catch? The proposed savings rely

Starbucks, SBUX, Workers United has authorized a strike

Starbucks Workers United announced Tuesday that 98% of unionized baristas voted to authorize a strike as they push for a contract with the coffee chain. Union bargaining representatives are set to resume negotiations with Starbucks on Tuesday in the final scheduled session of the year, aiming to establish a “foundational

Japanese auto giants Honda Motor and Nissan Motor will enter negotiations for a merger and join their resources to better compete against bigger global electric vehicle makers

Japanese auto giants Honda Motor and Nissan Motor are set to begin merger negotiations as they face mounting competition from larger global electric vehicle (EV) makers, Nikkei reported on Tuesday. The two companies have strengthened ties in recent months as they navigate a rapidly evolving EV market. Pressure has intensified

The Biden administration reportedly ordered 11 federal agencies to 'look' into Elon Musk and his companies, per Mike Benz, executive director of Foundation of Freedom Online

Not even Elon Musk knows the full details of the U.S. spy satellites his company’s rockets send into orbit. According to The Wall Street Journal, SpaceX executives decided Musk, the company’s founder and CEO, shouldn’t pursue the highest-level security clearance. Lawyers reportedly warned that his alleged

Senator Elizabeth Warren has sent a letter to Trump to establish "conflict of interest" rules for Elon Musk given he is a top adviser

Sen. Elizabeth Warren (D-Mass.) is raising concerns about potential conflicts of interest stemming from Elon Musk’s role as a key adviser in the incoming Trump administration. She is pressing President-elect Trump to clarify what ethics standards will apply to Musk and whether Musk has adhered to the transition team’

The German government has officially collapsed after a no confidence vote

German Chancellor Olaf Scholz called a confidence vote in the German Parliament on Monday, which he lost by a vote of 394-207, with 116 abstentions. The result effectively ends the unpopular government Scholz has led since 2021. The loss paves the way for new federal elections, now set to take

Governor of New York Kathy Hochul has held a therapy session with 175 corporate reps, CEOs to "calm the nerves of the NYC business elite" in wake of Brian Thompson killing; promising state assistance for corporate security to combat "domestic terrorism"

State officials are working to reassure New York City’s business leaders following the assassination of UnitedHealthcare CEO Brian Thompson, an event that has deeply unsettled the corporate world. Governor Kathy Hochul is organizing a virtual meeting on Tuesday with state law enforcement agencies and approximately 175 corporate representatives to

"The German economy will need hundreds of thousands of immigrants a year to counter the negative impact from its aging society," per Bloomberg

Germany will require hundreds of thousands of immigrants annually to offset the economic challenges posed by an aging population, according to a new study that adds fuel to the ongoing debate over migration. A report by the Bertelsmann Stiftung, released Tuesday, estimates that Germany will need a net influx of

OpenAI CEO Sam Altman says that he is not worried about Musk and Trump hurting him

OpenAI CEO Sam Altman, currently embroiled in a legal battle with rival Elon Musk, expressed confidence Wednesday that Musk would not abuse his influence in the incoming Trump administration. Speaking at a New York Times conference, Altman acknowledged the potential risks but said, “I’m not that worried.” He added,

55% of hiring managers notice employees juggling side gigs during work hours, leaving 50% concerned that splitting time between jobs could lower productivity and reduce output

A surprising 41% of multitaskers report working two jobs simultaneously, whether part-time or full-time. Despite concerns about focus and productivity, half of employers lack policies addressing this trend, raising important questions about work-life boundaries and the evolving nature of hustle culture. Without clear guidelines, the line between personal time and

Elon Musk of Tesla, $TSLA, net worth has hit $455 Billion

Elon Musk, whose wealth has surged following President-elect Donald Trump’s victory last month, has become the first individual to reach a net worth of $400 billion, marking another significant milestone for the world’s richest person. The latest boost to Musk’s fortune came from an insider share sale

Softbank CEO Masayoshi Son to announce $100 billion investment in U.S. and create 100,000 jobs focused on artificial intelligence and related infrastructure

U.S. President-elect Donald Trump, alongside SoftBank Group CEO Masayoshi Son, announced on Monday that the Tokyo-based company plans to invest $100 billion in the United States over the next four years. Both Trump and Son hailed the move as a significant boost to the U.S. economy. Speaking at

Trump plans to cut EV support and impose tariffs on battery materials globally

Incoming U.S. President Donald Trump’s transition team has proposed sweeping changes to cut federal support for electric vehicles (EVs) and charging infrastructure, while implementing stricter measures to block imports of cars, components, and battery materials from China, according to a document obtained by Reuters. The recommendations, which have