Unusual Whales

The White House has announced its canceling an additional $7.4 billion in student debt

Joe Biden revealed on Monday his intentions to alleviate student debt, a move set to benefit at least 23 million Americans and cater to the support of young voters crucial for his re-election bid in November. The plan includes the cancellation of up to $20,000 in accrued and capitalized

Baltimore plans to sell boarded-up houses for $1 each in an attempt to revive neighborhoods that have been plagued by crime and disrepair

Baltimore is set to sell vacant houses for $1 each in an effort to rejuvenate neighborhoods plagued by crime and neglect. Backed by Mayor Brandon Scott, the program will make over 200 city-owned vacant properties available to residents who commit to renovating and residing in them. The measure was approved

Iran told the U.S. to stay out of fighting between Israel and Iran or face an attack on U.S. forces in the region

Iran told the U.S. to stay out of fighting between Israel and Iran or face an attack on U.S. forces in the region. Iran conveyed a message to the Biden administration through several Arab nations earlier this week: if the U.S. intervenes in the conflict between Israel

Vietnamese billionaire, Truong My Lan, was sentenced to death for $44 billion fraud

The verdict reflects the staggering scale of the fraud. Truong My Lan was found guilty of securing $44 billion (£35 billion) in loans from the Saigon Commercial Bank. She has been ordered to repay $27 billion, a sum prosecutors fear may never be recovered. Some speculate that the death penalty

Canadian cities are being overwhelmed by a record surge of newcomers seeking asylum, straining their budgets and pushing temporary shelters beyond their limits

The sudden influx of asylum seekers has caught Canada off guard, with cities bearing the brunt of the impact. Canadian cities are struggling to cope with a record surge of newcomers seeking asylum, which is straining their budgets and overwhelming temporary shelters. In Peel, a suburban region in greater Toronto,

Interest rates could hit 8% or more and wars are creating outsize geopolitical risks, Jamie Dimon of JPMorgan, $JPM, has said

Interest rates could hit 8% or more and wars are creating outsize geopolitical risks, Jamie Dimon of JPMorgan, $JPM, has said. Persistent inflationary pressures stemming from fiscal deficits and military conflicts, among other factors, could potentially drive U.S. interest rates to 8% or higher, JPMorgan Chase & Co. Chief

US credit-card delinquency rates were the highest on record in the fourth quarter

The Philadelphia Fed reported that nearly 3.5% of credit card balances were overdue by at least 30 days as of the end of December, marking the highest level in the data series dating back to 2012. This figure increased by approximately 30 basis points from the previous quarter. Additionally,

McKinsey is beginning to eliminate roughly 360 jobs as the consulting giant deals with a slowdown in demand for its services

McKinsey is beginning to eliminate roughly 360 jobs as the consulting giant deals with a slowdown in demand for its services, per Bloomberg. Hundreds of managers at McKinsey's U.K. office have been given the opportunity to spend nine months of company time finding another job instead of

US 30-year average mortgage rates have hit 7% again

The average long-term mortgage rate in the United States climbed to its highest level in five weeks, presenting a challenge for potential homebuyers during the typically busy season for home sales. According to mortgage buyer Freddie Mac, the average rate on a 30-year mortgage increased to 6.88% from 6.

The percentage of companies that have defaulted on their debt more than once has reached its second highest level since 2008

The percentage of companies that have defaulted on their debt more than once has reached its second highest level since 2008, according to a new report from S&P Global Ratings. Around 35% of total global defaults in 2023 were by issuers that are considered "re-defaulters," a

Largest office building in St. Louis has sold for $3.5 million, but in 2006, it sold for $205 million

For a century, the Railway Exchange Building served as the bustling heart of downtown St. Louis. Locals filled its sprawling, ornate 21-story structure daily, whether for work, shopping at the department store on the lower floors, or dining on the famous French onion soup at its restaurant. Today, the building

Iran has told the White House that if the US defends Israel against its forthcoming retaliation for the Damascus strike, it will consider the US a viable target as well

Iran has told the White House that if the US defends Israel against its forthcoming retaliation for the Damascus strike, it will consider the US a viable target as well. The US and its allies believe major missile or drone strikes by Iran or its proxies against military and government

Biden plans to soon issue an executive order to dramatically limit the number of asylum-seekers who can cross the southern border

Biden plans to soon issue an executive order to dramatically limit the number of asylum-seekers who can cross the southern border Under Biden's leadership, the U.S. has experienced all-time-high levels of illegal immigration crossing into the country by way of the southern border with Mexico.  Currently, the

BlackRock’s, $BLK, Fink has said the 65 retirement age is "a bit crazy"

BlackRock Chair Larry Fink said capital markets can help solve a crisis brewing around the ability of Americans to afford retirement as lifespans elongate, and that the government can provide a basic safety net. In his annual letter to shareholders of the investing company overseeing $10 trillion in assets, Fink

Immigration has added 3.3 million people to the US population in 2023 and 2024

For 2023 and 2024, immigrants are estimated to add 3.3 million people to the US population per year, a cited Congressional Budget Office report shows. That's over three times the average seen in the last decade.  But JPMorgan estimates that this growth could actually have reached higher

CPI YoY: +3.5% vs. 3.4% est

* Both the headline and core CPI, which strips out food and energy, climbed by 0.1 percentage point more than forecast, with each coming in at 0.4%. For the core, that marked the third straight month of 0.4% readings, the hottest such string since early last year. On

Argentina President Javier Milei to visit Tesla factory in United States to meet Elon Musk this week

Elon Musk will meet President Javier Milei at Tesla Inc.’s factory in Austin, Texas, Friday morning during a week-long trip abroad, Argentina’s government announced Wednesday. Milei, who arrived alongside his sister and presidential adviser Karina Milei in Miami Wednesday morning, was originally scheduled to meet with Musk Saturday.

An economist from the Bureau of Labor Statistics corresponded on data related to the consumer price index with major Wall Street firms like JPMorgan Chase & Co. and BlackRock Inc., raising questions about equitable access to economic information

An economist from the Bureau of Labor Statistics corresponded on data related to the consumer price index with major Wall Street firms like JPMorgan Chase & Co. and BlackRock Inc., raising questions about equitable access to economic information The BLS economist answered numerous inquiries about details within the consumer price

US sees missile strikes on Israel by Iran or its proxies as imminent

The US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent, in what would mark a significant widening of the six-month-old conflict, according to people familiar with the intelligence. The potential assault, possibly using high-precision missiles,

Intel, $INTC, unveils new AI accelerator processor called Gaudi 3

Intel, $INTC, unveils new AI accelerator processor called Gaudi 3. Intel announced at a company event on Tuesday that its updated processor, Gaudi 3, will be widely available in the third quarter. This chip is specifically designed to enhance performance in two crucial areas: aiding in the training of AI

New Boeing, $BA, whistleblower to testify at April 17 Senate hearing

The Federal Aviation Administration (FAA) is looking into claims made by a whistleblower at Boeing, who alleges that the company disregarded safety and quality concerns during the production of its 787 and 777 jets, according to an agency spokesperson on Tuesday. Boeing has been dealing with a significant safety crisis

A typical person now believes they need $1.5 million to retire comfortably, per Northwestern Mutual

A recent study by Northwestern Mutual revealed that adults aged 18 and older now believe they need $1.46 million in savings to retire comfortably. This figure represents a significant 15% increase from the $1.27 million reported the previous year and a substantial 53% surge from the $951,000

US government debt, per Bank of America, $BAC

US government debt, per Bank of America, $BAC: The Congressional Budget Office's (CBO) latest forecasts, released earlier this year, are based on optimistic assumptions, covering various aspects from tax revenue to defense spending and interest rates. According to these forecasts, if we factor in the current market'

McKinsey consulting firm will pay some of its employees to not work for nine months and look for another job

Hundreds of managers at McKinsey's U.K. office have been given the opportunity to spend nine months of company time finding another job instead of working on client projects. During this period, McKinsey is not only retaining these employees on payroll but also assisting them in enhancing their

The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago

The typical American household would need to spend $445 more a month to purchase the same goods and services as a year ago, per Moody's. According to a February report from McKinsey & Company, groceries are becoming a primary spending focus for younger generations. The report, which surveyed