Unusual Whales

Microsoft's, MSFT, recent layoffs came after their jobs were replaced by artificial intelligence

Microsoft announced on Tuesday that it is laying off approximately 3% of its global workforce, impacting employees across various departments, levels, and regions. The move will affect around 6,000 workers. “As we adapt to a fast-evolving market landscape, we’re continuing to make organizational adjustments that align with our

The Department of Homeland Security is considering the creation of a television show in which migrants would compete for potential U.S. citizenship

The U.S. Department of Homeland Security is currently reviewing a proposal for a reality television show in which immigrants would compete for U.S. citizenship, a DHS spokesperson confirmed in a statement to CNN. The spokesperson clarified that “the show in question is in the very beginning stages of

U.S. Senate unanimously passes the No Tax on Tips Act

On Tuesday, the Senate unanimously approved a bill that would end the collection of federal taxes on tips, marking progress toward a key campaign pledge from former President Donald Trump. The measure, called the No Taxes on Tips Act, was introduced earlier this year by Sen. Ted Cruz (R-Texas). Trump

Investors now own 30% of metro Atlanta’s single-family rental homes

U.S. Senator Jon Ossoff on Wednesday shared new findings on how out-of-state corporations purchasing homes in Georgia are affecting the housing market, as part of his ongoing federal inquiry into institutional investors. Speaking during a virtual press conference, Ossoff was joined by Dr. Taylor Shelton, a housing researcher and

Majority of Canadians feel unwelcome and unsafe travelling to United States

A new Leger poll conducted for the Association for Canadian Studies (ACS) reveals that a growing number of Canadians are uneasy about traveling to the United States. The survey, released just ahead of Prime Minister Mark Carney’s first face-to-face meeting with U.S. President Donald Trump at the White

One in four job applicants will be fake by 2028

Artificial intelligence is giving scammers new tools to pose as job seekers, allowing them to flood the market with fabricated identities, according to recent findings. Today, bad actors are using AI at nearly every stage of the hiring process to conceal who they really are. They’re crafting fake résumés,

JPMorgan’s Dimon: Odds of a recession are 50%

JPMorgan Chase CEO Jamie Dimon isn't dismissing the possibility of a U.S. recession, saying on Thursday, “I wouldn’t take it off the table at this point.” In an interview with Bloomberg, Dimon pointed to the nation’s substantial fiscal deficit, along with his anticipation of higher

Apple is planning a big 2027 with foldable all-screen iPhones, smart glasses, camera equipped wearables, table-top robots

In his latest Power On newsletter, Bloomberg’s Mark Gurman shared fresh details about what he expects will be a major Apple product rollout in 2027. Among the most striking revelations: Apple is reportedly developing a “mostly glass, curved iPhone” with no visible display cutouts—just in time for the

Buy now pay later Klarna saw its losses double in Q1 after $136 million in customer debts went unpaid

Klarna’s losses widened significantly in the first quarter of 2025, as the buy now, pay later giant puts the brakes on its much-hyped U.S. stock market debut. The Swedish fintech reported a net loss of $99 million for the first three months of the year—more than double

Google announces real-time speech translation for English and Spanish in Google Meet

At Google I/O 2025, Google revealed that it’s introducing real-time speech translation to Google Meet. Powered by a cutting-edge audio language model developed by Google DeepMind, the feature is designed to support smooth, natural conversations between people speaking different languages. This new capability translates spoken language instantly into

Trump $25 billion for Golden Dome

U.S. President Donald Trump is expected to unveil his preferred vision for the upcoming “Golden Dome” missile defense initiative on Tuesday. While it won’t be the priciest of the options presented by the Pentagon, the plan still carries a hefty price tag—tens of billions of dollars—and

DOJ is investigating into Coinbase, COIN, customer data theft

he U.S. Department of Justice has launched an investigation into a recent security breach at Coinbase Global, the world's largest cryptocurrency exchange, the company reported on Monday. "We have informed the DOJ and are collaborating with them, along with other U.S. and international law enforcement

Trump signs Take It Down Act, criminalizing deepfake and revenge porn

The "Take It Down Act," which passed with broad bipartisan support in Congress, makes it a crime to share intimate images without consent, while also requiring the removal of such images from online platforms. “Amid the rise of AI-generated images, countless women have been subjected to harassment through

Moody's: Fannie Mae downgraded to AA1, Outlook stable

On May 16, Moody’s Ratings downgraded the U.S. credit rating, citing the country’s failure to address its growing and substantial deficits. This marks the first time that all three major credit rating agencies have downgraded the U.S. credit below their highest rating. The downgrade comes as

The average 30-year mortgage rate is now above 7%

On Monday, the average rate for a 30-year mortgage surpassed the 7% mark again, a rise triggered by Moody’s downgrade of the U.S. credit rating on Friday, which stemmed from concerns over the country’s escalating debt levels. This marks the first time since April 11 that the

JPMorgan, JPM, CEO Dimon: I wouldn't take stagflation for the US economy off the table

"I’m not a fan" of Bitcoin, the billionaire CEO made clear. He made these comments during JPMorgan Chase's Investor Day on May 19. With a market capitalization of $740 billion, JPMorgan Chase is the largest bank in the world, managing over $4 trillion in assets.

Russia and Ukraine will immediately start negotiations toward a ceaseefire and an end to the war

U.S. President Donald Trump announced that Russia and Ukraine are set to begin immediate talks aimed at achieving a ceasefire and ultimately ending the war, following a two-hour phone call with Russian President Vladimir Putin. Trump described the call as “very good” and said any path to peace would

Ray Dalio says the risk to U.S. Treasuries is even greater than what Moody's is saying

Ray Dalio, billionaire investor and founder of Bridgewater Associates, warned on Monday that the recent Moody’s downgrade of the U.S. sovereign credit rating fails to fully capture the real risks facing U.S. Treasury securities. According to Dalio, the credit agency is overlooking a critical threat: the federal

The Supreme Court has granted the Trump administration’s request to cancel Biden-era temporary protections for nearly 350,000 Venezuelans in the United States, allowing them to face deportatio

The U.S. Supreme Court on Monday allowed the Trump administration to move forward with ending Temporary Protected Status (TPS) for hundreds of thousands of Venezuelans, a program originally extended by former President Joe Biden. The court's decision gives the green light to the Justice Department's

Japan's historic work ethic is declining—45% of workers admit they're quiet quitting

Japan has long been known for its intense work culture, often leading to issues like overwork, burnout, and limited personal time. But that mindset is beginning to shift—especially among younger employees—who are pushing back by embracing what's known as quiet quitting. According to a survey by

Regeneron agrees to buy bankrupt 23andMe for $256 million, promises ethical use of customers' DNA data

Regeneron Pharmaceuticals (REGN.O) announced Monday that it will acquire 23andMe Holding for $256 million through a bankruptcy auction. The company emphasized its commitment to using customers' genetic data responsibly, especially data collected through ancestry and other consumer testing services. The acquisition is intended to strengthen Regeneron's

Standard Chartered analyst apologizes for $120,000 bitcoin price call, says target 'may be too low'

A Standard Chartered analyst who previously forecasted Bitcoin would reach $120,000 by Q2 now believes that projection may have underestimated the cryptocurrency’s potential. “I apologize—my $120K Q2 target might actually be too conservative,” Geoffrey Kendrick, the bank’s head of digital assets, said in a wry note

China vows to take measures if the US insists on going its own way

China has vowed to take “resolute and effective measures” to defend its rights and interests, just hours after the United States implemented President Donald Trump’s 104% tariff hike on Chinese goods on Wednesday. "The United States continues to impose arbitrary tariffs on China and exert extreme pressure without

Berkshire’s T-bill holdings now exceed those of the U.S. Federal Reserve, which currently maintains a portfolio of roughly $195 billion in short-term Treasuries

Berkshire Hathaway, led by Warren Buffett, released its latest earnings on Saturday — and the company’s growing mountain of cash and U.S. Treasuries continues to stand out. Buffett has expanded his holdings in short-term Treasury bills to a staggering $314.1 billion, cementing Berkshire’s position as the largest

The U.S. government posted a $258 billion budget surplus for April, up 23% from a year earlier

The U.S. Department of the Treasury attributes April’s budget surplus to a surge in individual tax payments. This timing aligns with the deadline for filing prior-year taxes and submitting the first estimated tax payments for the current year, which applies to many individuals and businesses. In April alone,