Unusual Whales

There are just six cities where the median-priced home is affordable for median-income earners

There are just six cities where the median-priced home is affordable for median-income earners, per FOX. New research from Clever Real Estate reveals that in 44 of the largest 50 metropolitan areas in the U.S., housing prices are too high to be considered affordable for households earning the median

Burnett Plaza, the tallest building in Fort Worth, has been sold at foreclosure auction for $12.3 million

Burnett Plaza, the tallest building in Fort Worth, has been sold at foreclosure auction for $12.3 million. The previous owner, an affiliate of Opal Holdings based in New York, failed to repay a $13 million loan from Pinnacle, leading to foreclosure proceedings. In 2021, the Opal affiliate acquired the

Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans

Barry Sternlicht, co-founder, chairman, and CEO of the $115 billion real estate giant Starwood Capital Group, expressed concern about the more than 4,000 regional and community banks in the U.S. With the real estate industry facing challenges from higher interest rates, vacancies, and inflation, Sternlicht warned that its

Microsoft, $MSFT, has banned U.S. police departments from using enterprise AI tool for facial recognition

Microsoft has reiterated its prohibition on U.S. police departments using generative AI for facial recognition through Azure OpenAI Service. This service is Microsoft's fully managed, enterprise-focused wrapper around OpenAI technology. Language added to the terms of service for Azure OpenAI Service now explicitly prohibits integrations with Azure

US probe finds widespread sexual misconduct at FDIC

An independent report released on Tuesday is calling for significant changes at the Federal Deposit Insurance Corporation (FDIC) to address widespread sexual harassment and other misconduct, raising questions about the future of the banking regulator's leadership. Prompted by a Wall Street Journal investigation, the report cites accounts from

President Biden tells CNN that the US will stop providing Israel with artillery shells, bombs for fighter jets and other offensive weapons if it invades Rafah

President Biden tells CNN that the US will stop providing Israel with artillery shells, bombs for fighter jets and other offensive weapons if it invades Rafah President Joe Biden stated in a CNN interview on Wednesday that the United States would not provide offensive weapons to Israel that could be

FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries

FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries. Lower-ranking creditors typically receive only a fraction of their holdings in bankruptcies, but FTX benefited from a strong rally in cryptocurrencies, including Solana,

Pfizer, $PFE, has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac heartburn drug

Pfizer, $PFE, has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac heartburn drug. Pfizer Inc. has reached a settlement in more than 10,000 cases alleging it concealed the cancer risks of its Zantac heartburn medication, marking the largest resolution

Senator Bernie Sanders and Congressman Ro Khanna are proposing a new bill to eliminate all medical debt

Senator Bernie Sanders and Congressman Ro Khanna are proposing a new bill to eliminate all medical debt. Introduced by Senator Jeff Merkley of Oregon and Congresswoman Rashida Tlaib of Michigan, the bill proposes a federal grant program to eliminate all existing medical debt and amend the Fair Debt Collection Practices

Boeing, $BA, 767 cargo plane has crashed upon landing in Turkey this morning after its landing gear failed when it came in to land

Boeing, $BA, 767 cargo plane has crashed upon landing in Turkey this morning after its landing gear failed when it came in to land. The ministry stated that the landing gear of the nearly 10-year-old Boeing 767 freighter failed to open, and the aircraft landed with guidance from the tower,

Donald Trump’s criminal trial for allegedly mishandling classified documents has been postponed indefinitely

Judge Aileen Cannon has indefinitely postponed the trial of former President Donald Trump regarding classified documents in Florida. This delay is due to significant issues surrounding classified evidence that need to be resolved before the federal criminal case can proceed to a jury trial. In her order issued on Tuesday,

AstraZeneca, $AZN, withdrawing Covid vaccine, months after admitting rare side effect

AstraZeneca, $AZN, withdrawing Covid vaccine, months after admitting rare side effect. The Oxford-AstraZeneca Covid vaccine is being withdrawn globally, following the pharmaceutical company's admission in court documents that it can cause a rare and dangerous side effect. The vaccine is no longer authorized for use in the European

Electricity prices have soared 29.4% — 50% more than overall inflation — rising 13 times faster than the previous seven years

Electricity prices have soared 29.4% — 50% more than overall inflation — rising 13 times faster than the previous seven years, per WSJ. Electricity prices have surged by 29.4%, which is 50% higher than the overall inflation rate, marking a significant increase compared to the previous seven years. "We&

U.S. fertility rates have fallen to to 1.617 births per woman, the lowest level in a century

The fertility rate in the United States has been on a downward trend for decades, and a recent report reveals that a further decline in births in 2023 has brought the rate to its lowest point in over a century. According to provisional data from the US Centers for Disease

Elon Musk has said: "I have seen no evidence of aliens"

Elon Musk has said: "I have seen no evidence of aliens. If I did, I would 100% post about it on 𝕏 instantly! SpaceX has almost 6000 satellites in orbit and not once have we had to maneuver around aliens." This isn't the first instance where Musk

Fed's Kashkari: the US economy is in a good place

Minneapolis Fed President Neel Kashkari said on Tuesday that he cannot rule out the possibility of a rate hike as the next move from the central bank. "The bar to raising is quite high, but it is not infinite," Kashkari said during a talk at the Milken Institute

BREAKING: TikTok sues the US government over law forcing sale or ban

The lawsuit filed on Tuesday could lead to a lengthy legal battle over TikTok's future in the United States. The popular social video company alleges that the law, signed by U.S. President Joe Biden as part of a larger $95 billion US foreign aid package, is "

63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000

In Summer 2023, 63% of new audits were aimed at taxpayers earning less than $200,000, according to data compiled by The Wall Street Journal's editorial board. This group was dubbed the "IRS's most wanted." A March report by the U.S. Treasury Inspector

Federal air-safety regulators have opened a new investigation into Boeing, $BA, related to the company’s inspections of its 787 Dreamliner and whether company employees falsified records

Federal air-safety regulators have opened a new investigation into Boeing, $BA, related to the company’s inspections of its 787 Dreamliner and whether company employees falsified records The Federal Aviation Administration (FAA) announced on Monday that it has launched an investigation into Boeing's 787 Dreamliner following the planemaker&

Social Security now expected to run short on funds in 2035, one year later than previously projected

Social Security now expected to run short on funds in 2035, one year later than previously projected. Social Security is now projected to face a shortfall in funds by 2035, a year later than previously estimated. O’Malley, who took the helm of the agency in December, called on Congress

Rue 21 will close all of its 540 stores after filing for bankruptcy for the third time

Rue21, known for its teen apparel, is set to shut down all 540 of its stores nationwide, as reported by Reuters based on court filings submitted last Thursday. Having filed for bankruptcy twice before, the fashion chain attempted to find a buyer but ultimately decided to close its doors. Rue21

Citigroup, $C, expects the US Federal Reserve to start cutting interest rates in July versus June expected earlier

Citigroup, $C, expects the US Federal Reserve to start cutting interest rates in July versus June expected earlier. Economists at Citigroup Inc. are taking a contrarian stance, disagreeing with the prevailing sentiment on Wall Street regarding the Federal Reserve's actions. Despite recent inflation readings coming in slightly higher

The Fall Guy," a $125 million production, brought in just $28.5 million in its domestic box-office debut this weekend

Comcast Corp.’s Universal Pictures' $125 million production brought in just $28.5 million in its domestic box office debut this weekend. Despite a few blockbuster hits in recent years, such as 2023’s Barbie and Oppenheimer, or 2022’s Avatar: The Way of Water, ticket sales have stubbornly

Amazon, $AMZN, says more packages are arriving in a day or less

Amazon has announced its commitment to delivering even more packages to customers in one day or less, a metric that the e-commerce giant is highlighting as it faces increased competition in the online shopping sector. According to the company, nearly 60% of orders placed through Prime in the top 60

"U.S. inflation is re-accelerating and interest rate cuts are off the table "for the foreseeable future," Regan Capital's Skyler Weinand has said

In March, inflation exceeded expectations, primarily due to rising housing and energy costs, according to the Labor Department's report on Wednesday. The consumer price index (CPI) showed a monthly increase of 0.4%, matching February's rate and surpassing the anticipated 0.3% rise. Annually, the CPI