Unusual Whales

Philip Morris suspends nationwide sales on Zyn online after D.C. subpoena

Philip Morris announced that it would suspend online sales on Swedish Match North America’s ZYN.com nationwide as the Zyn nicotine pouch maker responds to a subpoena from the District of Columbia. Philip Morris acquired Swedish Match in a $16 billion deal in 2022 as part of its strategy

Republicans have proposed a $500 Bill with Trump’s face on it

Earlier this month, Rep. Paul Gosar, R-Ariz., introduced a bill requiring the U.S. Treasury to resume printing $500 bills, which would feature a portrait of Trump instead of the late President William McKinley. Gosar said the proposal aimed to draw attention to high inflation under Joe Biden. In May,

Kim Jong Un and Vladimir Putin signed a pact for their countries to aid each other if attacked

Russian President Vladimir Putin and North Korean leader Kim Jong Un signed an agreement on Wednesday pledging mutual aid if either country faces "aggression," a strategic pact as both face escalating standoffs with the West. Details of the deal were not immediately clear, but it could mark the

Massachusetts stands to lose almost $1 billion in annual revenue by 2030 as high taxes push wealthy residents to move elsewhere

Massachusetts stands to lose almost $1 billion in annual revenue by 2030 as high taxes and housing costs push wealthy residents to move elsewhere. Migration out of Massachusetts to other US states accelerated during the pandemic as remote work made it more feasible to live farther from the office. If

US home prices to rise 5% this year

Interest-rate-sensitive house prices, which surged 45% during the pandemic, have risen around 8% since early 2023, offsetting a 5% decline in the second half of 2022 caused in part by the 525 basis points of rate hikes from the U.S. Federal Reserve. Despite elevated mortgage rates—and expectations among

Fisker officially files for chapter 11 bankruptcy, lists estimated assests between $500 million - $1 billion, estimated liabilities between $1 billion -$10 billion

Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday. Fisker Inc and its other U.S. subsidiaries have entered into Chapter 11, the firm said, adding that discussions about the

Michael Dell, $DELL, has said: We’re building a Dell AI factory with Nvidia, $NVDA, to power Grok for XAI

Michael Dell, CEO and chairman of Dell Technologies, announced on X that the company is developing the Dell AI Factory. This new venture will use NVIDIA GPUs to power Grok, the AI model created by Elon Musk’s company, xAI. Elon Musk has made significant investments in computational resources for

The US GDP could grow by an extra 1% if 60 million Americans took GLP-1 drugs by 2028

The economy could grow, a Goldman Sachs analyst stated in a note last month. US GDP could increase by an additional 1% if 60 million Americans take GLP-1 drugs by 2028, wrote Jan Hatzius, Goldman Sachs' chief economist. Hatzius noted that health-related issues prevent people from participating in the

Companies are cutting middle-management roles, and millennials are likely to be most affected

Companies are cutting middle-management roles, and millennials are likely to be most affected. The latest corporate buzzword is efficiency, and it hasn’t been kind to middle managers. If you’ve got direct reports, you might want to watch your back. “It’s always been a joke with my peers

More than 60% of available jobs don't require a college degree, according to the U.S. Bureau of Labor Statistics

A record 447,000 Americans are now working 2 full-time jobs in October 2023. Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the

46% of the US's middle class workers are now slashing — or completely cutting out — contributions to their retirement funds

As of April 2024, the Consumer Price Index, which tracks changes in the cost of common consumer goods and services, rose by 3.4% annually. Within that index, food costs increased by 2.2% annually, while shelter costs went up by 5.5%. This rise is putting a strain on

Apple, $AAPL, has suspended work on its next high-end Vision headset

Apple, $AAPL, has suspended work on its next high-end Vision headset. Apple has suspended work on its next high-end Vision headset, according to a report by The Information on Tuesday, citing an employee at a manufacturer that produces key components for the Vision Pro. The iPhone maker is still focused

Netflix, $NFLX, has announced the cities planned for its in-person experience venues

Netflix, $NFLX, has announced the cities planned for its in-person experience venues. Netflix has announced the first two cities for its expansive new in-person experience venues, set to open in 2025. These venues, known as Netflix Houses, are not quite theme parks but will feature a wide array of shopping

Kansas sues Pfizer, $PFE, over 'misrepresentations' and 'adverse affects' of COVID-19 vaccine

The U.S. state of Kansas sued Pfizer on Monday, accusing the company of misleading the public about its COVID-19 vaccine by hiding risks and making false claims about its effectiveness. In a lawsuit filed in the District Court of Thomas County, the state alleged that the New York-based drugmaker&

Morgan Stanely, $MS, states it thinks Tesla, $TSLA, will make a phone

Develop a smartphone that functions as a pocket-sized version of the car. "Will Tesla Do a Phone? Yeah, We Think So," said analysts in an emailed note to investors this week from Morgan Stanley. Based on discussions with automotive management teams and industry experts, analysts concluded that the

Millennials are ‘quiet vacationing’ rather than asking their boss for PTO

Paid days off from work aren’t a guarantee for many Americans, and even when they do get them, they often leave them unused. A new Harris Poll survey of 1,170 American workers found that 78% of U.S. employees don’t take all their paid time off (PTO)

Bitcoin, $BTC, will hit $150,000 by year-end if Donald Trump wins the Presidency

Bitcoin (BTC) is still on course to hit the ambitious $150,000 mark by the end of this year, driven by significant inflows into spot BTC exchange-traded funds (ETFs). Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, reaffirmed his predictions in a note shared with CoinDesk

Donald Trump told House Republicans that he would undo President Joe Biden’s electric vehicle policies if he wins in November

Donald Trump criticized President Joe Biden's electric vehicle policies during a meeting with House Republicans on Thursday, promising to reverse them if he wins the presidency in November, according to lawmakers present at the private gathering. Representative Russ Fulcher, a Republican from Idaho, reported that Trump described the

The United States needs at least 1.5 million additional homes, and likely many more, to relieve the nation’s housing shortage

The United States needs at least 1.5 million additional homes, and likely many more, to relieve the nation’s housing shortage, according to Freddie Mac. The United States needs at least 1.5 million additional homes, and likely many more, to address the nation's housing shortage, according

Auto insurance rates in the US have increased by 42% over the past 2 years

Skyrocketing auto insurance costs contributed to a faster-than-expected rise in inflation in March, adding to the increasing expenses for U.S. vehicle owners. On a monthly basis, car insurance prices, as measured by the consumer price index (CPI), rose by an unadjusted 2.7%, with a year-over-year increase of 22.

The Biden administration is making plans to announce one of the largest immigration relief programs in recent history, developing a policy that would offer legal status to hundreds of thousands of immigrants living in the country without proper documents

A program being developed by White House officials would offer work permits and deportation protections to unauthorized immigrants married to U.S. citizens, provided they have lived in the U.S. for at least 10 years, according to sources who requested anonymity to discuss internal government plans. The proposal, known

The world's largest stablecoin, Tether, has created a new synthetic dollar backed by gold

The world's largest stablecoin, Tether, has created a new synthetic dollar backed by gold. The token was created on the company’s new Alloy by Tether platform and will trade as aUSDT via smart contracts on the Ethereum Mainnet blockchain. Users can mint it through over-collateralization by depositing

Biden is planning an executive action as soon as next week that would protect certain undocumented immigrants from deportation

President Joe Biden is expected to announce a new executive action as early as next week to protect certain undocumented immigrants from deportation, according to five sources familiar with the White House’s plans. The action is anticipated to shield undocumented spouses of U.S. citizens from deportation and allow

There is a widening gap between public, private and self-employed in Canada

The number of workers in Canada’s public sector has surged, driven by an increase in the federal civil service and growth at all levels of government. Meanwhile, Canada’s private-sector employment has suffered due to high interest rates and a decline in investment. The private sector added only 141,

The US housing market is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up

The US housing market is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up, per Bloomberg. Contract signings were down at 14% in Houston, West Palm Beach, Florida and Atlanta. Pending sales was down 3.4% nationwide, per Redfin. The city’