Unusual Whales

Here are the IRS tax brackets for 2025

The IRS has released the updated federal income tax brackets and standard deductions for 2025. As announced on Tuesday, the income thresholds for each bracket have been raised, affecting the tax year 2025 for returns filed in 2026. The top tax rate of 37% will apply to individuals with taxable

Former Abercrombie, ANF, CEO Mike Jeffries arrested in Florida on sex trafficking charges filed by federal prosecutors in New York

Former Abercrombie, $ANF, CEO Mike Jeffries arrested in Florida on sex trafficking charges filed by federal prosecutors in New York. Former Abercrombie & Fitch CEO Mike Jeffries has been arrested on charges of sex trafficking and interstate prostitution, prosecutors announced on Tuesday. Jeffries was taken into custody in West Palm

"Gen Z cares more about their purpose at work than a paycheck"

"Gen Z cares more about their purpose at work than a paycheck," per FORTUNE. It seems that Gen Z, the digital-native demographic, has a strong affinity for artificial intelligence. Amy Feirn, U.S. managing principal for transformation at Deloitte, highlighted this in a recent study on Gen Z

Grant Cardone has said earning $400,000 a year is "embarrassing" as a human being, and asks: "How do you make sense of $35k a month? You cannot live on $400,000"

Grant Cardone has said earning $400,000 a year is "embarrassing" as a human being, and asks: "How do you make sense of $35k a month? You cannot live on $400,000." Grant Cardone, a well-known motivational speaker, social media influencer, and real estate investor, recently

Rudy Giuliani, the former New York City mayor and Donald Trump lawyer, owes nearly $150mn to two Georgia poll workers he defamed after the 2020 presidential election

A federal judge on Tuesday ordered Rudy Giuliani, former attorney for Donald Trump and ex-mayor of New York City, to hand over his valuable possessions and his Manhattan penthouse to Ruby Freeman and Shaye Moss, the Georgia election workers he defamed. Giuliani now owes them $150 million in damages. Judge

Bill Gates, $MSFT, has backed Kamala Harris with a $50 million donation

fter years of staying out of political donations, billionaire Bill Gates has privately revealed that he recently contributed around $50 million to a nonprofit organization backing Vice President Kamala Harris's presidential campaign, according to three individuals familiar with the matter. The donation was intended to remain confidential. Gates,

Kamala Harris has just said she would make a $15 federal minimum wage

Vice President Kamala Harris has voiced her support for raising the federal minimum wage to at least $15 an hour, stating that she would work with lawmakers to make it happen as part of her effort to strengthen her economic standing with working-class voters. "At least $15 an hour,

More than half of Florida, Tampa's homes on the market have seen price reductions, making it one of the hardest-hit metropolitan areas in the country

Inventory has surged by over 50% in key Florida cities like Tampa, Orlando, and the Space Coast, while demand has dropped by at least 10%, according to real estate data from Parcl Labs. In Tampa, more than half of the homes on the market have experienced price reductions, making it

Six-figure earners are getting nervous about falling behind on their bills

Households earning at least $100,000 are increasingly concerned about their ability to make minimum debt payments, according to a recent survey. The New York Federal Reserve's Survey of Consumer Expectations shows that it's been a decade since these higher-income households have been this worried about

The very youngest voters — 18-to-24-year-olds — say they're more conservative than the cohort that's just older

A new political trend is emerging in the U.S.: voters aged 18 to 24 are identifying as more conservative than those just a few years older, according to the latest Harvard Youth Poll. Why it matters: This shift, which has become evident in recent years, is seen in both

54% of Americans support the deportation of illegal migrants, including 86% of Republicans, 58% of independents, and 25% of Democrats

A new poll reveals that more than half of Americans, including a quarter of Democrats, support the large-scale deportation of immigrants living in the U.S. illegally. The Scripps News/Ipsos survey results come amid a 2024 election season where former President Trump and his allies are focusing heavily on

Amazon's, AMZN, new warehouses will employ 10x as many robots

Amazon has revealed its plans to introduce new robot-powered delivery warehouses, starting with its first "next-generation fulfillment center" in Shreveport, Louisiana. This massive facility spans five floors and covers 3 million square feet, which is roughly the size of 55 football fields, according to the company. The development

Mark Cuban has said this Kamala Harris would not tax unrealized capital gains, and if she does, he would campaign against her

Billionaire entrepreneur Mark Cuban, while campaigning for Vice President Kamala Harris on Saturday, stated that he would oppose her if she supported taxing wealthy individuals’ "unrealized gains," a component of a tax plan she has endorsed. Cuban made these remarks during a town hall event with local Arizona

The FTC's final rule banning fake online reviews and testimonials has come into effect

The Final Rule, set to take effect on October 21, 2024, prohibits the sale and purchase of fake consumer reviews and the buying of positive or negative reviews. It also outlines requirements for proper disclosures on online reviews written by company insiders. This formalizes the ban on certain deceptive practices

Polymarket’s Presidential Election market just hit $2 billion in trading volume.

Polymarket is an Unusual Whales sponsor and marketing partner. Polymarket traders are currently showing Donald Trump leading in all key swing states. Arizona sees the former president as the strongest favorite, with a 70% to 30% margin, while Michigan is the closest race, with Trump leading by 56% to 44%

Trump's tax & spending plans would produce more than twice as much new debt as the plans from Harris, per The Committee for a Responsible Federal Budget.

Republican presidential candidate Donald Trump’s tax and spending plans would lead to more than double the amount of new debt compared to Vice President Kamala Harris’ proposals, according to estimates released by the Committee for a Responsible Federal Budget (CRFB), a think tank focused on reducing federal deficits. On

Home insurers are arguing for a 42% average rate hike in North Carolina after the hurricanes

As many residents in western North Carolina continue to cope without power and running water following Hurricane Helene, a hearing began on Monday regarding the insurance industry's request to raise homeowner premium rates by an average of more than 42% across the state. A top official for Insurance

The FBI has arrested the man who hacked the SEC Twitter, and said the Bitcoin ETF was approved, causing $BTC to spike that day.

The Federal Bureau of Investigation (FBI) announced on Thursday the arrest of a 25-year-old man for his alleged involvement in hacking the Securities and Exchange Commission's (SEC) X account to falsely claim that bitcoin exchange-traded funds (ETFs) had been approved. Eric Council Jr., from Athens, Alabama, is accused

The Biden administration announced today it canceled an additional $4.5 billion in student debt relief for over 60,000 borrowers.

The Biden administration announced on Thursday the forgiveness of an additional $4.5 billion in student debt, benefiting more than 60,000 borrowers. This latest relief comes from improvements made by the U.S. Department of Education to the Public Service Loan Forgiveness (PSLF) program, which had faced significant issues

Biden's conomy is strongest in 3 out of 6 categories: employment, manufacturing employment, and GDP growth, & third out of eight in stock performance & second out of five in exports (data goes back to 1993).

When President Joe Biden took office in 2021, the economy was strong but gradually weakened as inflation eroded Americans' purchasing power. Now, with inflation easing, the Biden economy is regaining strength, looking as robust as it did at the start of his presidency. Since July, the Biden economy has

The FTC has announced the “click-to-cancel” rule that will require companies to let you cancel any product as easily as you registered

The U.S. Federal Trade Commission (FTC) adopted a new rule on Wednesday requiring businesses to make canceling subscriptions and memberships as easy as signing up, marking the agency’s last major rulemaking before the upcoming Nov. 5 election. Known as the "click to cancel" rule, it mandates

Amazon, $AMZN is also getting into nuclear energy after $GOOGL and $MSFT, and will invest more than $500 million to develop small module reactors

Amazon Web Services (AWS) is investing over $500 million in nuclear energy, announcing three projects spanning from Virginia to Washington state. As a subsidiary of Amazon, AWS has a growing demand for clean energy, particularly as it expands its services into generative AI. This initiative is also part of Amazon’

"Rate cuts were supposed to push mortgage rates lower. The opposite has happened," per BI

The Federal Reserve’s interest rate cut in mid-September was expected to bring relief to prospective homebuyers by lowering mortgage rates. However, the opposite has occurred. Since Fed Chair Jerome Powell reduced interest rates by 50 basis points on September 18, the average 30-year fixed mortgage rate has actually risen.

McKinsey, the consultancy firm, is nearing a deal with US prosecutors to pay at least $500 million to settle numerous probes into the firm’s past work with opioid makers

Consulting firm McKinsey & Co. is nearing a deal with U.S. prosecutors to pay at least $500 million to resolve federal investigations into its past work with opioid manufacturers, according to a report by Bloomberg News on Wednesday. The settlement, expected to be announced in the coming weeks, would

Home prices are up 42% since 2020, but because both rates and borrowing costs have skyrocketed, you need to earn 80% more to comfortably afford a home in today’s market

Home prices hit a new high in June for the second straight month, at $426,900. Home prices reached a new peak in June for the second consecutive month, highlighting the housing market's growing unaffordability for millions of Americans, according to the Wall Street Journal. "The spring