Unusual Whales

General Motors, $GM, profit nears a record a year after saying it couldn't afford its workers' pay demands

General Motors (GM) posted much stronger-than-expected third-quarter earnings and provided an outlook suggesting it’s on track for record profits in 2024, just a year after enduring a costly strike by the United Auto Workers (UAW) union. GM reported an adjusted profit of $3.4 billion for the third quarter,

Angel Reese has said, per CNBC: My $73,000 WNBA salary can’t cover my bills—‘I’m living beyond my means’

Angel Reese may be a prominent figure in the WNBA, but her earnings from the league are far from enough to cover her expenses. The Chicago Sky’s All-Star rookie recently revealed that her $73,439 salary doesn’t come close to making ends meet. “I just hope y’all

U.S banks are currently sitting on $750 billion in losses on real estate debt

A particularly alarming aspect of the potential $750 billion in losses is how much is tied to residential mortgage-backed securities (RMBS). Banks heavily invested in RMBS when interest rates were lower, as easy credit made it simpler to acquire large debt tranches and sell the underlying assets. However, these investments

The 30-year fixed-rate mortgage climbed BACK above 7% today, reaching its highest point since early July

The average rate on a 30-year mortgage in the U.S. increased again this week, reaching its highest level in nearly three months. Freddie Mac reported Thursday that the rate rose to 6.54%, up from 6.44% last week. Despite the recent rise, the average rate remains lower than

NPR has reported that over 8%, or ~200,000 people, of Washington Post's subscribers have canceled their subscriptions after not endorsing Kamala Harris after being blocked by Amazon $AMZN's Jeff Bezos

NPR has reported that over 8%, or ~200,000 people, (!!!) of Washington Post's subscribers have canceled their subscriptions after not endorsing Kamala Harris after being blocked by Amazon $AMZN's Jeff Bezos. By midday Monday, over 200,000 people had canceled their digital subscriptions to the paper,

Volkswagen plans to close at least three manufacturing plants in Germany and lay off tens of thousands of workers

Volkswagen is planning to shut down "at least" three factories in Germany, lay off tens of thousands of employees, and scale down operations at other domestic plants, according to the company’s employee group on Monday. These closures would mark the first time in Volkswagen’s 87-year history

Robinhood, HOOD, has launched U.S. presidential election derivatives

Robinhood, $HOOD, has launched U.S. presidential election derivatives. Upstart broker Robinhood is diving into prediction markets, announcing on Monday that users can now trade on the outcome of the 2024 presidential election, which is just eight days away. Robinhood users can trade contracts tied to Kamala Harris or Donald

Hedge funds are creating portfolios for a Trump presidential win, JPMorgan, JPM, has said

Hedge funds are creating portfolios for a Trump presidential win, JPMorgan, $JPM, has said. Global hedge funds are showing "a strong preference" for stocks that could thrive if Republican candidate Donald Trump wins the upcoming election, according to a note from JPMorgan. The bank analyzed hedge fund positioning

“I’m tired of hearing this is the biggest election in your lifetime. The reality is over time it doesn’t matter," Larry Fink of BlackRock, BLK, has said

Larry Fink believes the U.S. election won't have a significant impact on the markets. The BlackRock CEO reiterated his stance that the outcome of the upcoming U.S. election, set to be decided in two weeks, won't matter much in the long term. "I&

New York Stock Exchange plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day

The New York Stock Exchange announced on Friday its plans to extend weekday trading on its NYSE Arca equities exchange to 22 hours a day. As part of Intercontinental Exchange, the NYSE stated that the new trading hours would run from 1:30 a.m. to 11:30 p.m.

"The lucky few Gen Z and millennials who broke into the housing market feel trapped in their starter homes"

Many members of Gen Z and millennials today are either renting or still living with their parents due to the high cost of purchasing a home. Even those fortunate enough to have bought a starter home are now finding themselves stuck in it. According to new research by Edelman Financial

Donald Trump interview with Joe Rogan is now live on Youtube

Joe Rogan interviewed former President Donald Trump on Friday, marking the first time that Rogan's popular podcast, The Joe Rogan Experience, featured a former president. The nearly three-hour interview was recorded in Austin, Texas, and published on Rogan's social media channels Friday night. This comes as

Israel has launched its retaliatory strikes against Iran

Israel launched an offensive against Iran in retaliation for a large-scale ballistic missile attack by Iran on October 1. U.S. and Israeli officials anticipate a military response from Iran but hope it will be contained, allowing the two countries to avoid escalating into a prolonged conflict. However, the Biden

Man who accidentally threw hard drive containing 8,000 bitcoins worth half a billion dollars in landfill sues local city council for not excavating the site

James Howells, known for mistakenly discarding a hard drive containing Bitcoin now valued at over half a billion dollars, has taken a significant step in his quest to recover it. In a last-ditch effort, the Wales-based software engineer has filed a lawsuit against Newport City Council, seeking around £495.31

The US gov is investigating Tether $USDT however Tether denies and says old news

Tether, the issuer of USDT, is reportedly under investigation by U.S. federal authorities for potential violations of sanctions and anti-money-laundering laws. Tether CEO Paolo Ardoino quickly dismissed the Wall Street Journal report, calling it a rehash of “old noise.” The investigation is led by prosecutors from the U.S.

Donald's Trump odds of winning the presidential election have increased to 65.6% on Polymarket

This week, Donald J. Trump shared a bold graphic on social media, suggesting that his path to victory in the upcoming presidential election looks stronger than ever. According to the graphic, Mr. Trump now has a 65.6% chance of winning against Vice President Kamala Harris, who stands at 34.

Elon Musk has reportedly been in regular contact with Russian President Vladimir Putin since late 2022 per the WSJ

Elon Musk, CEO of Tesla and SpaceX, has reportedly maintained contact with Russian President Vladimir Putin since late 2022, according to a Wall Street Journal report published Thursday night. The report reveals that Musk and Putin have discussed various topics, ranging from personal matters to global geopolitical tensions. In one

With private equity rushing into skilled trades, the WSJ has dubbed Plumbers and HVAC entrepreneurs the new Millionaire class

If you live in a major metro area, you’ve likely seen service trucks driving by that have recently changed ownership. Private equity (PE) investors have acquired nearly 800 HVAC, plumbing, and electrical companies since 2022, according to PitchBook data. And that’s just for the larger deals—many smaller

GDP grew 7.6% over Trump’s four years in office, and has grown 11.8% so far during Biden’s tenure, per the WSJ

The U.S. economy grew at an average annual rate of 1.9% during Donald Trump’s four-year presidency. Under Joe Biden, through the second quarter of 2024, the average growth rate has been 2.9%—a full percentage point higher than Trump’s. For context, the average GDP growth

"2024 is shaping up to be one of the best economic years of many Americans’ lifetimes," per the Washington Post

The U.S. economy is set to continue driving global growth for the rest of this year and into 2025, largely fueled by strong consumer spending that has remained resilient despite inflation and high interest rates aimed at controlling it, the International Monetary Fund (IMF) said on Tuesday. In its

The US Biden administration has issued its first ever approval for a new lithium mine in the US

The U.S. Interior Department granted final approval on Thursday for ioneer’s (INR.AX) Rhyolite Ridge lithium mine in Nevada, marking the first domestic lithium source to receive a permit under President Joe Biden's administration. This mine will play a crucial role in supplying lithium to electric

Apple, $AAPL, could suspend production of the Vision Pro as soon as next month amid weak demand, per the Information

Apple has significantly reduced production of its Vision Pro mixed reality headset since early summer and may halt production of the current version by the end of the year, according to a report by The Information on Wednesday, citing sources involved in component manufacturing. Initial excitement following the device’s

The United States has approved $20 billion in loans to Ukraine today

The Biden administration is working to provide Ukraine with $10 billion in military aid as part of its $20 billion commitment under a $50 billion loan package coordinated with the G7 and European Union, according to the White House National Security Council on Wednesday. After Russia's invasion of

The DOJ Justice Department has sent a letter to Elon Musk's America Super PAC warning that the daily $1 million giveaway to registered voters in swing states might violate federal laws

The Justice Department recently warned Elon Musk's America PAC that its $1 million sweepstakes targeting registered voters in swing states may violate federal law, according to individuals familiar with the situation who spoke with CNN. Musk, a vocal supporter of former President Donald Trump, has been spending millions

Donald Trump will go on the Joe Rogan podcast $SPOT on Friday

Former President Donald Trump is set to record an interview with Joe Rogan, the popular podcast host, on Friday. The interview will take place at Rogan’s studio in Austin, Texas, according to a source familiar with the plans who spoke on condition of anonymity. Rogan, who boasts over 14