Unusual Whales

Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade

A recent analysis by Morningstar estimates that Cathie Wood's Ark Invest has erased around $14.3 billion in wealth over the past decade. Ark Invest gained significant popularity in 2020 and 2021 due to its concentrated bets on speculative technology companies, which benefited from low interest rates and

The number of Indians immigrating to Canada has more than quadrupled since 2013

The number of Indian students choosing Canadian universities over U.S. institutions has quadrupled since 2013, primarily due to Canada's more favorable immigration policies. These policies, designed to attract and retain talent, have resulted in a significant increase in Indian immigration to Canada. However, recent diplomatic tensions between

Nearly 4 in 10 renters in a new nationwide survey say they don’t believe they’ll ever own a home, up nearly a quarter from less than a year ago

Nearly 4 in 10 renters in a new nationwide survey say they don’t believe they’ll ever own a home, up nearly a quarter from less than a year ago, per MSN. The combination of soaring home prices and mortgage rates continues to deter Americans from purchasing homes, with

Hamas says it accepts ceasefire proposal of Egypt, Qatar

Hamas says it accepts ceasefire proposal of Egypt, Qatar, per AP. Hamas, classified as a terrorist organization by various countries and international bodies such as the United States, the European Union, Israel, Canada, and Japan, has been at the center of conflict and negotiations in the Middle East. The group&

"If we send a check like we did last year... and if 800 other companies had done the same thing, no other person in the United States would have had to pay a dime in federal taxed," Warren Buffett said

At Berkshire Hathaway's annual shareholder meeting on Saturday, Warren Buffett reflected on the passing of his longtime partner Charlie Munger and addressed concerns about his own mortality. He reassured investors that a plan was in place and revealed that Greg Abel, his successor, would be responsible for investment

Warren Buffett discussed climate change at the 2024 Berkshire Hathaway annual meeting

At Berkshire Hathaway's annual shareholder meeting on Saturday, Warren Buffett reflected on the passing of his longtime partner Charlie Munger and addressed concerns about his own mortality. He reassured investors that a plan was in place and revealed that Greg Abel, his successor, would be responsible for investment

Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss

Warren Buffett disclosed that he sold off Berkshire Hathaway's entire stake in Paramount, incurring a loss on the investment. "At Berkshire's annual shareholder meeting, Buffett took full responsibility for the decision to sell, stating, 'It was 100% my decision, and we've sold

Sam Altman: I don't care if we burn $50 billion a year, we're building AGI and it's going to be worth it

Sam Altman, CEO of OpenAI, recently appeared on Stanford eCorner's talk and expressed his perspective on the company's financial investments. "Whether we burn $500 million, $5 billion, or $50 billion a year, I don't care. I genuinely don't, as long as

Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion

Berkshire Hathaway announced on Saturday a significant year-over-year increase in operating earnings for the first quarter, with its cash reserves reaching record levels. The conglomerate, led by Warren Buffett, reported an operating profit of $11.22 billion, a 39% increase from the same period last year. This increase was primarily

MicroStrategy, $MSTR, has said that Bitcoin is better than stocks, bonds or gold

MicroStrategy Inc., primarily known for its business-analytics software, shifted its focus to discussing bitcoin extensively during its post-earnings call with analysts. The company adopted bitcoin as its primary treasury reserve asset in 2020. During the prepared remarks session of the post-earnings conference call, the word "bitcoin" was mentioned

Minnesota bankruptcy law firm files for bankruptcy after losing fight with another bankruptcy firm

One of Minnesota's long-standing bankruptcy law firms has filed for Chapter 11 bankruptcy protection following a five-year legal battle with another bankruptcy law firm over allegations of false advertising and "click fraud." LifeBack Law Firm, based in St. Cloud and with eight offices across Minnesota, filed

Jerry Seinfeld has said that "the movie business is over"

In an interview with GQ magazine, Seinfeld discussed his experience directing his first feature film, Unfrosted, expressing admiration for his collaborators' dedication while lamenting the crisis in the film industry. He remarked, "I thought I had done some cool stuff, but it was nothing like the way these

This is Jared Bernstein, the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy, from the documentary: Finding the Money

Well this is unusual. This is Jared Bernstein, the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy, from the documentary: Finding the Money. He seems unable to communicate how the US monetary system works, despite being an advisor on it to the president.

White House will 'make sure gas prices remain affordable' heading into summer, Biden advisor has said

President Joe Biden’s top economic advisor stated Thursday that the White House would ensure gas prices remain affordable, hinting at a potential use of the Strategic Petroleum Reserve (SPR). “We’ll continue to closely monitor, ensuring gas prices remain affordable for many American families as we head into the

Dave & Buster’s, $PLAY, to allow customers to bet on arcade games

Software firm Lucra Sports revealed on Tuesday its collaboration with the entertainment chain Dave & Buster’s, enabling customers to place bets on arcade games through the Dave & Buster’s app. However, some lawmakers are raising objections. Illinois State Rep. Daniel Didech, a Democrat from Buffalo Grove, introduced a

“Housing is in this recession, and the rest of the economy is booming,” Redfin CEO has said

“Housing is in this recession, and the rest of the economy is booming,” Redfin CEO has said. Home prices in the U.S. surged by 6.4% in February compared to a year earlier, outpacing the previous month's 6% annual increase. This marks the fastest growth rate since

33% of all S&P 500 stock trades are now executed in the final 10 minutes of the session, according to data compiled by BestEx Research

Around one-third of all S&P 500 stock trades now take place in the final 10 minutes of the trading session, according to data from BestEx Research, up from 27% in 2021. Evidence from Europe, where a similar pattern is observed, suggests that this trend may be impacting liquidity

McDonald’s, $MCD, and other big brands warn that low-income consumers are starting to crack

Some of the most well-known corporations in America are reporting that their consumers are feeling the pinch of inflation as prices continue to rise. Inflation has been a major topic of discussion in corporate America over the past three years, following the easing of monetary policy and the injection of

Home prices in the US have hit new all-time high

Home prices in the U.S. surged by 6.4% in February compared to a year earlier, outpacing the previous month's 6% annual increase. This marks the fastest growth rate since November 2022, continually breaking past the record highs set last year on a seasonally adjusted basis. The

Meta, $META, CEO Mark Zuckerberg has said investments in artificial intelligence are increasing, but he warned investors it may take time for Meta to profit from AI

During Meta's first-quarter earnings call, CEO Mark Zuckerberg emphasized to investors the company's focus on turning generative AI into a profitable venture. Following the integration of its ChatGPT competitor into various platforms like Instagram, Facebook, and WhatsApp, much of the discussion centered around the potential revenue

The US SEC has shut down the auditor of Donald Trump’s social media company, accusing it of 'massive fraud'

BF Borgers and its owner, Benjamin Borgers, who counts Trump Media among his clients, faced charges from the US Securities and Exchange Commission (SEC) for a fraud that impacted over 1,500 SEC filings. Borgers has also represented financial tech and cryptocurrency companies, as per SEC filings. In settling the

Elon Musk has said: "We need to do something about our national debt or the dollar will be worth nothing

Elon Musk has said: "We need to do something about our national debt or the dollar will be worth nothing. "America must halt its overspending or face bankruptcy," Musk stressed on Twitter. His comments were triggered by a tweet highlighting the large portion of tax revenue being

Half of Americans — including 42% of Democrats — say they'd support mass deportations of undocumented immigrants, according to a new Axios Vibes survey by The Harris Poll

Half of Americans — including 42% of Democrats — say they'd support mass deportations of undocumented immigrants, according to a new Axios Vibes survey by The Harris Poll. A recent poll reveals that over half of Americans, including a significant 42% of Democrats, support mass deportations of illegal immigrants amid

Alphabet, $GOOGL, paid Apple, $AAPL, $20 billion in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents

Alphabet Inc. reportedly paid Apple Inc. $20 billion in 2022 for Google to remain the default search engine in the Safari browser, as revealed in recently unsealed court documents from the Justice Department’s antitrust lawsuit against Google. This deal is central to the case, where antitrust enforcers argue that

Turkey halts all trade with Israel

Turkey reportedly stopped all trade with Israel due to its actions in Gaza, leading to strong criticism from Israeli Foreign Minister Israel Katz towards Turkish President Recep Tayyip Erdoğan. The move came after Bloomberg reported that Ankara had significantly increased restrictions first imposed last month, halting all imports and exports