Unusual Whales

The typical Canadian pays 70% more income tax than the typical American

The “typical Canadian”—defined as someone earning the median income—currently pays an average income tax rate of just over 17%, combining both federal and provincial taxes. A planned tax cut is expected to lower that rate slightly, trimming it by about half a percentage point to just under 17%

There’s a total of $698 billion worth of homes for sale in the US, up 20.3% from a year ago and the highest dollar amount ever

The total value of homes currently listed for sale across the U.S. has reached $698 billion—a new record since Redfin began tracking this data in 2012. According to a report released Monday by the real estate platform, the combined worth of active listings has surged by 20.3%

AI can cause unemployment to go to 20% in 5 years, per Anthropic CEO

The CEO of a major artificial intelligence firm is sounding the alarm about the potential for AI to cause a sharp rise in unemployment in the near future—warning that both policymakers and business leaders are unprepared for the scale of disruption that may lie ahead. “AI is beginning to

Boomers are a big reason Americans are stuck in place

"A homebuilder client of ours chose to back out of a contract to purchase a vacant lot during their due diligence period," one industry professional explained. "They cited concerns over the uncertainty caused by tariffs, particularly regarding the cost of building materials. They’d rather wait and

Most Americans don't earn enough to afford basic costs of living

A growing number of Americans are unable to earn enough to meet the costs of a basic standard of living, according to recent findings from the Ludwig Institute for Shared Economic Prosperity (LISEP). The report goes beyond traditional necessities like food and housing to include broader essentials such as access

OPEC+ members could hike July oil production by 411,000 barrels per day

Oil prices surged roughly 4% on Monday after OPEC+ chose to maintain its July output increase at the same level as in May and June. Brent crude futures rose by $2.28, or 3.6%, reaching $65.06 per barrel as of 13:35 GMT. U.S. West Texas Intermediate

Trump admin is using Palantir’s, $PLTR, Foundry to collect and centralize Americans' data from federal agencies

As the Trump administration implemented significant federal spending cuts in various areas, it also directed substantial funding toward projects aligned with its priorities. Among these initiatives was the awarding of contracts reportedly worth hundreds of millions of dollars to the data analytics company Palantir, which has played a growing role

Pentagon chief warns of imminent China threat

Defense Secretary Pete Hegseth issued a blunt warning to U.S. partners in Asia on Saturday, describing China as a significant and possibly imminent threat to regional stability. Speaking for the first time at the annual Shangri-La Dialogue in Singapore, Hegseth made clear the U.S. view of China’s

The gap between what Americans earn and how much they need to bring in to achieve a basic standard of living is growing

A growing number of Americans are falling behind on what it takes to maintain a basic standard of living, according to a new report from the Ludwig Institute for Shared Economic Prosperity (LISEP). The report goes beyond measuring whether people can afford essential items like food and shelter—it also

Trump: China violated its agreement with the US

Donald Trump has accused China of “totally violating its agreement” with the U.S. on trade—just two weeks after both countries announced a deal—reigniting fears that the ongoing trade war may continue to destabilize the global economy. “I made a FAST DEAL with China in order to save

Duolingo, DUOL, CEO says AI is a better teacher than humans—but schools will still exist ‘because you still need childcare’

Language-learning app Duolingo has been going all-in on AI. Known for its green owl mascot, the company made headlines last year when it temporarily replaced its CEO with an AI avatar during an earnings call. Even more controversially, just last month, it announced that it would permanently replace its contract

Canada is entering a recession and will soon bleed another 100,000 jobs, TD chief economist has said

Talk of a recession is intensifying, with a growing number of economists warning that Canada may already be entering the early stages of an economic downturn. U.S. President Donald Trump’s ongoing trade war has dampened business and consumer sentiment on both sides of the border, but in Canada,

Tinder, MTCH, is testing letting users set a 'height preference'

Tinder is embracing the dating app world’s reputation for surface-level preferences by introducing a new feature that allows paying users to specify height preferences on their profiles. After a Reddit user shared a screenshot of the new height setting in the Tinder app, the company confirmed to TechCrunch that

Skittles are no longer being made with titanium dioxide, a chemical that whitens foods

Skittles in the United States are no longer made with titanium dioxide, a color additive banned by the European Union in 2022 due to potential health concerns. Confectionery giant Mars confirmed it removed the ingredient from its U.S. Skittles line at the end of last year. The change follows

Trump has gifted Elon with a key to the White House as a thank you for his DOGE work

After spending 130 days spearheading efforts to dismantle entire federal agencies, laying off tens of thousands of civil servants, and triggering a wave of lawsuits over potential misuse of Americans’ personal data, the world’s richest man received a unique token of appreciation: a gold-plated “Key to the White House”

U.S. economy will be growing faster than 3% this time next year, predicts Treasury’s Bessent

The Trump administration is forecasting a strong rebound in U.S. economic growth over the next year, following a first-quarter contraction, as its economic policies begin to take effect. In a broad-ranging interview with Bloomberg Television on Friday, Treasury Secretary Scott Bessent said the administration’s agenda—which includes pro-growth

Anthropic CEO says AI could eliminate half of all entry-level white-collar jobs

After spending the day showcasing his company’s AI tools at a developer conference, Anthropic CEO Dario Amodei issued a stark warning: within five years, AI could wipe out half of all entry-level white-collar jobs. “As creators of this technology, we have a responsibility to be honest about what’s

Half the world population could be diabetic or insulin resistant by 2050

“The numbers are staggering. By 2050, we’re looking at 1.3 billion people globally living with diabetes, and nearly three times that number with pre-diabetes,” said Noosheen Hashemi, founder and CEO of January AI, a company using artificial intelligence to deliver personalized insights on nutrition and blood sugar levels.

JPMorgan, JPM, CEO Dimon has said: you're going to see a crack in the bond market

JPM Jamie Dimon: * We need to fix a lot of things. We need to fix us. * The dollar may not be the reserve currency if we don't get our act together. * US should be taxing carry forward interest * Not increase SALT deduction * Says we are going to see

US Appeals Court has reinstated Trump tariffs during the appeal against the Federal courts that blocked it

A federal appeals court on Thursday revived one of former President Donald Trump’s most expansive tariff measures, just a day after a lower trade court had ruled that he overstepped his legal authority in enacting them and ordered their immediate suspension. FILE PHOTO: The U.S. flag waves near

US cancels $590 million contract with Moderna, MRNA, for bird flu shot

The Trump administration has terminated a contract previously awarded to Moderna (MRNA.O) for the late-stage development of its human bird flu vaccine and the associated purchase rights, the company announced on Wednesday. Moderna’s stock remained unchanged in after-hours trading. Earlier this year, Moderna had secured a $590 million

A Deutsche Bank poll found 80% of investors agree the U.S. is on an unsustainable debt path

A quick survey conducted by Deutsche Bank found that 80% of respondents believe the current path of the U.S. federal deficit is unsustainable and will eventually lead to either a financial crisis or intervention by the Federal Reserve. The poll, which collected input from 450 participants, asked for reactions

Hassett: Tariff ruling will not affect ongoing trade deals... 3 deals were ready as of last week

Kevin Hassett, Director of the White House National Economic Council, expressed confidence that the Trump administration will succeed in reversing the recent court decision blocking its tariff policy, and revealed that three trade agreements are awaiting the president’s approval. “President Trump always comes out ahead in these negotiations—because

China praised a U.S. court decision that invalidated Trump-era tariffs, urging the U.S. to scrap them entirely

A U.S. federal court has struck down President Donald Trump’s broad-based global trade tariffs, dealing a significant setback to one of his key economic initiatives. In a ruling by the Court of International Trade, the panel determined that an emergency statute invoked by the administration did not give

Chinese businesses stick to diversifying away from the U.S. despite trade truce

The prolonged trade tensions with the United States have left a lasting impact on Chinese exporters, many of whom are actively seeking to reduce their reliance on the U.S. market, despite recent temporary tariff relief, according to a private survey. A poll conducted by trade insurer Allianz Trade, which