Unusual Whales

IBM, $IBM, asks employees to volunteer for layoffs, targets 80% cuts in key departments, including HR

IBM, $IBM, asks employees to volunteer for layoffs, targets 80% cuts in key departments, including HR. IBM is inviting employees interested in voluntary redundancy to step forward as the company initiates a new wave of global job cuts, with a focus expected on roles in Europe and certain departments. The

The number of ultra-high-net-worth individuals, which Knight Frank defines as anyone with more than $30 million to their name, increased 44% in the past five years

The number of ultra-high-net-worth individuals, which Knight Frank defines as anyone with more than $30 million to their name, increased 44% in the past five years. According to a report by international property consultancy Knight Frank, the number of ultra-wealthy individuals is set to increase by 28.1% globally over

The WiFi at Google's, $GOOGL, new Bay View office hasn't been working properly for months

Google's newly constructed Bay View campus in San Francisco is facing a significant Wi-Fi challenge, as reported by Reuters. Employees have been grappling with "inoperable" or "spotty" Wi-Fi for an extended period, a common occurrence in new construction projects. To mitigate the issue, some

Mark Cuban has said that Trump was a "snake oil salesperson" — and said he's "voting for Biden/Harris over Trump all day every day,"

"I prefer Biden/Harris over Trump any day," Cuban told Axios on Tuesday. Cuban expressed his support for President Joe Biden's reelection campaign, stating that he would vote for Biden even if the president "was being given last rites," as he told Bloomberg on

Microstrategy, $MSTR, has acquired 12,000 bitcoins for $821.7 million in cash

MicroStrategy (MSTR) has acquired an additional 12,000 bitcoins (BTC), primarily financed by the $782 million generated from its recent convertible debt offering. The software company, founded by prominent bitcoin advocate Michael Saylor, now possesses 205,000 BTC valued at approximately $14.7 billion. The latest bitcoin purchase was made

Biden unveils $7.3 trillion budget for fiscal year 2025

President Biden has unveiled his comprehensive $7.3 trillion budget proposal for 2025, featuring a series of ambitious partisan measures aimed at increasing taxes on wealthy individuals and corporations. The president's plan aims to reduce the nation's deficits by $3 trillion over the next decade. It

Emergency Fed bank effort has officially ended lending

Issuing new loans as planned on March 11. The program will continue to provide loans until that date and is accessible as an extra source of liquidity for eligible institutions. During a challenging period last spring, the Bank Term Funding Program played a crucial role in ensuring the stability of

Israeli Prime Minister Netanyahu has said that he will defy Joe Biden's "red line" and invade Rafah to prevent another attack like Oct 7

Israeli Prime Minister Netanyahu has said that he will defy Joe Biden's "red line" and invade Rafah to prevent another attack like Oct 7, per Politco. Per Politico: (read full article: https://www.politico.eu/article/israels-netanyahu-says-he-will-defy-bidens-red-line-and-invade-rafah/#:~:text=When%20asked%20on%20Sunday%20whether,7%20doesn'

Google, $GOOGL, lost its way

Later that day, OpenAI unveiled Sora, a tool capable of generating videos up to 60 seconds long based on text prompts. The response was immediate and enthusiastic. CEO Sam Altman took prompt requests from X users and shared the results in real time. Words like "eye-popping" and "

The American Dream now costs $3,455,305

The American Dream now costs $3,455,305. The estimated lifetime cost of achieving the American Dream has reached $3,455,305, encompassing major milestones such as marriage, two children, homeownership, healthcare, cars, and education. Raising two children to the age of 18 now costs over half a million dollars,

Half of first-time buyers say at least part of their down payment came from a gift or loan from family or friends

Mortgage rates have been volatile since 2020, currently standing at around 6.9% for a 30-year fixed-rate mortgage, a two-month high according to Freddie Mac. During the same period, home values have surged by approximately 42%. Zillow reported that household incomes have not kept pace with the rising cost of

If the Federal Reserve cuts rates into this red hot US stock market environment, we could see a bubble form to rival the Tech Bubble a quarter century ago

If the Federal Reserve cuts rates into this red hot US stock market environment, we could see a bubble form to rival the Tech Bubble a quarter century ago. Meanwhile, Citi says the hope for a soft landing is fading; Citi predicts the US economy will enter a recession in

$90 trillion worth of assets is expected to trickle down in the next 20 years from boomers, with millennials set to be the winners of this wealth transfer

$90 trillion worth of assets is expected to trickle down in the next 20 years from boomers, with millennials set to be the winners of this wealth transfer, per Knight Frank. Many millennials are currently frustrated with the elusive nature of long-held American Dreams like homeownership, a steady job, and

NVIDIA, $NVDA, could announce a stock split as it nears $1,000

NVIDIA, $NVDA, could announce a stock split as it nears $1,000, per Bloomberg. The stock has surged by approximately 90% since the beginning of 2024 and has seen a nearly 300% increase over the past year, driven by the ongoing AI boom. Now, some investors are anticipating a potential

President Biden has said he will sign the banning of TikTok bill if Congress passes it

President Biden has said he will sign the banning of TikTok bill if Congress passes it. This is after a House panel unanimously approves bill that could ban TikTok from all US phones and tablets if enacted, per CNN. The legislation, which passed unanimously through the House Energy and Commerce

United Airlines Boeing 777 loses tire while taking off from San Francisco, crushing cars on the ground

United Airlines Boeing 777 loses tire while taking off from San Francisco, crushing cars on the ground. "At approximately 11:35 a.m., United Flight 35 departing for Osaka experienced the loss of a portion of its landing gear tire during takeoff," a United spokesperson stated. The tire

House panel unanimously approves bill that could ban TikTok from all US phones and tablets if enacted

House panel unanimously approves bill that could ban TikTok from all US phones and tablets if enacted, per CNN. The legislation, which passed unanimously through the House Energy and Commerce Committee, would require TikTok to be spun off from its parent company, ByteDance, which has ties to China, if it

JPMorgan, $JPM, says Bitcoin’s price may drift back toward $42,000 after April

JPMorgan, $JPM, says Bitcoin’s price may drift back toward $42,000 after April, per Bloomberg. The bank points out that historically, the production cost of bitcoin has served as a floor for BTC prices, and it suggests this could drop to $42,000 after the halving. The bank'

Tesla, $TSLA, stands to earn billions of dollars a year by opening U.S. charging stations to drivers of Ford, $F, and other EVs

Tesla, $TSLA, stands to earn billions of dollars a year by opening U.S. charging stations to drivers of Ford, $F, and other EVs. ord CEO Jim Farley mentioned in a LinkedIn post that the charging partnership, which involves the use of fast-charging adapters, should "enhance the EV ownership

The number of seven-figure IRAs is at a record 391,600 accounts

The number of seven-figure IRAs is at a record 391,600 accounts, per Bloomberg. The number of 401(k) accounts at Fidelity Investments with balances over one million dollars surged by 20% in the final quarter of 2023, reaching 422,000. This significant increase marks a strong rebound from the

Home buyers need to earn $47,000 more than in 2020 per Zillow

Home buyers need to earn $47,000 more than in 2020 per Zillow. Today, homebuyers need an income of over $106,000 to comfortably afford a home, according to a recent analysis by Zillow. This is an 80% increase from January 2020, highlighting the changing landscape for prospective buyers, many

New York City is close to implementing a plan that would use license-plate readers to turn all of Manhattan south of Central Park into one giant toll zone, which would cost $15 (at least) to drive into Manhattan

New York City is close to implementing a plan that would use license-plate readers to turn all of Manhattan south of Central Park into one giant toll zone, which would cost $15 (at least) to drive into Manhattan, per FORTUNE. New York City is on the verge of implementing a

Bitcoin could hit $300,000 at the peak of its next bull run, Tether's cofounder, William Quigley, has said

Bitcoin could hit $300,000 at the peak of its next bull run, Tether's cofounder, William Quigley, has said . Bitcoin is currently trading at approximately $66,522, marking a more than 50% increase since the beginning of the year. Apart from the excitement surrounding spot ETFs that debuted

Sweden formally joins NATO military alliance, ending centuries of neutrality

Sweden formally joins NATO military alliance, ending centuries of neutrality, per CNBC. Earlier on Thursday, the Swedish government announced that it would hold an extraordinary meeting to vote on joining NATO, following approval from all current members for its accession to the military alliance. Later in the day, NATO confirmed

Biden to propose $5,000 credit for first-time home buyers

Biden to propose $5,000 credit for first-time home buyers. President Biden is set to introduce a series of new housing initiatives during Thursday's State of the Union address, including tax credits aimed at alleviating high mortgage rates for first-time homebuyers and incentivizing homeowners to move out of