Unusual Whales

Median and average 401(k) balances in the US

Median and average 401(k) balances in the US, per CNBC: Meanwhile, Americans need an average post-tax income of $68,499 to live comfortably in the U.S, per CNBC. Recently it was found during tax season in the US, residents of three cities—New York, San Francisco, and Honolulu—

Bezos of $AMZN pays $90 million for third mansion in Florida

The founder of Amazon.com Inc. has agreed to purchase a six-bedroom home in the Miami area for approximately $90 million in an off-market transaction, according to sources familiar with the deal. Bezos intends to reside in this home while he demolishes the other properties he acquired on the island,

Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets, combined

Americans spent over $113 billion on lottery tickets last year, more than they spent on movies, books, concerts and sports tickets, combined. Revenue in the online lottery market is expected to surpass $5 billion in 2024, according to Statista Market Insights. In 2023, U.S. lottery sales exceeded $113 billion,

Costco, $COST, selling as much as $200 million in gold bars monthly, Wells Fargo has said

Sales of gold bars at Costco are booming, with analysts at Wells Fargo estimating revenue could be as high as $100 million to $200 million per month. This rapid growth comes since the precious metal was introduced to the warehouse club in late summer 2023. Edward Kelly, an equity analyst

Millennials and Gen Z's trendy new splurge: groceries

According to a February report from McKinsey & Company, groceries are becoming a primary spending focus for younger generations. The report, which surveyed over 4,000 individuals spanning baby boomers to Gen Z, asked about their spending intentions for the year. Millennials and Gen Zers ranked groceries as their top

JPMorgan, $JPM, says stocks are so crowded they may crack at any time

JPMorgan, $JPM, says stocks are so crowded they may crack at any time. The chief global equity strategist at the Wall Street giant cautioned clients on Wednesday that they might find themselves "stuck on the wrong side" of the momentum trade when it eventually falters. He encouraged them

Tesla, $TSLA, has a plan to fend off cheaper competition from China with a $25,000 electric car

Tesla, $TSLA, has a plan to fend off cheaper competition from China with a $25,000 electric car The company is shifting to what it terms an “unboxed” approach, likened more to assembling Legos than a traditional production line. Instead of a large, rectangular car moving along a linear conveyer

Ken Griffin of Citadel: “It is irresponsible for the U.S. government to incur a deficit of 6.4% when unemployment is hovering around 3.75%. We must stop borrowing at the expense of future generations"

Hedge fund mogul Ken Griffin has criticized the "irresponsible" U.S. government for allowing the national debt to swell to $34.6 trillion and rising. In his year-end 2023 letter to investors, the Citadel CEO stated: "The surging U.S. public debt is a growing concern that

UBS has said: the Federal Reserve is expected to cut interest rates three times this year and five more times next year

Investors are scaling back their expectations for interest rate cuts by the US Federal Reserve this year, as robust economic data strengthens the belief that the central bank will need to maintain higher borrowing costs to tackle inflation. The market now anticipates two quarter-point rate cuts by the Fed in

Office vacancies are at an all time high

Office vacancies are at an all time high. "The office sector has broken its previous vacancy record set just a quarter ago," and is nearing the 20% mark, according to Moody’s. In the first quarter of this year, the office vacancy rate reached 19.8%, up from

President Joe Biden will announce on Monday his plans to cancel student debt for more than 30 million Americans by this fall

The Democratic president is set to announce plans in Madison, Wisconsin, which include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income. This move is estimated to eliminate the entirety of that interest for 23 million borrowers. Progressive voters, whom Biden hopes will support

The Bored Ape-themed hamburger restaurant in Long Beach, California has shut down

The Bored Ape-themed hamburger restaurant in Long Beach, California has shut down, per Web3IsGoingGreat. Bored & Hungry, a burger restaurant in Long Beach, California, launched a couple of months ago claiming to be the first restaurant to accept Ethereum and Apecoin.  Bored & Hungry, which opened in April, is themed

Brazil Supreme Court Justice Alexandre de Moraes has opened an inquiry into Elon Musk and 𝕏 for “obstruction of Justice” and “incitement to crime"

Following the closure of several accounts on his messaging platform X by Brazilian Supreme Court Justice Alexandre de Moraes due to the spread of misinformation and hate speech, tech billionaire Elon Musk responded with strong criticism and a threat. In response, Moraes has initiated an investigation against Musk, citing evidence

A Boeing, $BA, engine part fell off during Southwest flight takeoff, FAA has said

A Boeing plane's engine covering came loose and struck the plane's wing flap as Southwest Airlines Flight 3695, bound for Houston, took off from Denver International Airport on Sunday morning, officials reported. Following the incident, the aircraft safely returned to the airport around 8:15 a.

President Biden wants companies SpaceX that use American airspace for rocket launches to start paying taxes into a federal fund that finances the work of air traffic controllers

President Biden wants companies SpaceX that use American airspace for rocket launches to start paying taxes into a federal fund that finances the work of air traffic controllers, per NYT. President Joe Biden is proposing that private space companies like Elon Musk's SpaceX and Jeff Bezos' Blue

The average worker now logs off at 4 p.m. on Fridays

Conversations about implementing four-day workweeks have faded amid the pandemic, but U.S. workers are now signing off earlier on Fridays, a trend that has persisted. The pandemic's impact on work habits, such as lighter Friday workloads while remote, has endured. Analysis of sign-off times from approximately 75,

Larry Summers, an OpenAI board member, thinks AI could replace ‘almost all’ forms of labor

Former Treasury Secretary Larry Summers, who joined the board of directors of OpenAI, the developer of ChatGPT, late last year, shared his perspective on this debate at the Fortune Innovation Forum in Hong Kong on Thursday. He stated, “The right general rule with respect to technological innovation is that things

US economy added 303,000 new jobs last month

US economy added 303,000 new jobs last month. In March, job growth was notable in several industries: health care (+72,300 jobs); government (+71,000 jobs); leisure and hospitality (+49,000 jobs); and construction (+39,000 jobs). The current U.S. labor market is historically robust: Jobs have been

The Justice Department is reopening its antitrust investigation into whether real estate agents are using illegal price-fixing to raise housing costs

The Justice Department is reopening its antitrust investigation into whether real estate agents are using illegal price-fixing to raise housing costs. The U.S. Circuit Court of Appeals in Washington, D.C., ruled on Friday that the Department of Justice (DOJ) is not prohibited from reopening its investigation into the

Steve Cohen has said he owns a ‘little bit’ of bitcoin because of his son

Steve Cohen has said he owns a ‘little bit’ of bitcoin because of his son. "My son is really into it. He had me play around and try to figure out how to transact on Coinbase." Cohen added that he does not closely follow Bitcoin. "It'

Jerry Seinfeld is a officially a billionaire now, due to the popularity of Seinfeld

Jerry Seinfeld is a officially a billionaire now, due to the popularity of Seinfeld, per Bloomberg. The enduring sitcom has propelled comedian Jerry Seinfeld's net worth to over $1 billion, according to the Bloomberg Billionaires Index, which is evaluating his wealth for the first time. His show, co-created

Cathie Wood says she still has a $2,000 price target for Tesla, $TSLA

Cathie Wood says she still has a $2,000 price target for Tesla, $TSLA. Wood expressed her optimistic outlook for Tesla during an interview with CNBC, stating, "Now is not the time to run for the hills," despite Tesla shares declining more than 30% since the beginning of

Ripple, $XRP, plans to launch its own stablecoin pegged to the U.S. dollar across the Ethereum and XRP Ledger blockchains

Ripple, $XRP, plans to launch its own stablecoin pegged to the U.S. dollar across the Ethereum and XRP Ledger blockchains. Ripple has announced that its stablecoin will always be backed 1-to-1 by an equivalent sum of assets, including U.S. dollar deposits, U.S. government bonds, and cash equivalents

30-year fixed-rate mortgage has climbed up to 6.82%

30-year fixed-rate mortgage has climbed up to 6.82% Freddie Mac reported on Thursday that the average rate for a 30-year fixed loan was 6.82%, up from 6.79% the previous week. Homebuyers are facing a less affordable market due to rising borrowing costs and high prices. According to

President Biden has called for an immediate ceasefire in Gaza

President Biden has called for an immediate ceasefire in Gaza, per WSJ. President Joe Biden informed Israel's Prime Minister Benjamin Netanyahu on Thursday, April 4, that future US assistance for Gaza would depend on new measures to protect civilians and aid workers. The conversation took place after Israeli