Unusual Whales

JPMorgan, JPM, CEO Dimon has said: you're going to see a crack in the bond market

JPM Jamie Dimon: * We need to fix a lot of things. We need to fix us. * The dollar may not be the reserve currency if we don't get our act together. * US should be taxing carry forward interest * Not increase SALT deduction * Says we are going to see

US Appeals Court has reinstated Trump tariffs during the appeal against the Federal courts that blocked it

A federal appeals court on Thursday revived one of former President Donald Trump’s most expansive tariff measures, just a day after a lower trade court had ruled that he overstepped his legal authority in enacting them and ordered their immediate suspension. FILE PHOTO: The U.S. flag waves near

US cancels $590 million contract with Moderna, MRNA, for bird flu shot

The Trump administration has terminated a contract previously awarded to Moderna (MRNA.O) for the late-stage development of its human bird flu vaccine and the associated purchase rights, the company announced on Wednesday. Moderna’s stock remained unchanged in after-hours trading. Earlier this year, Moderna had secured a $590 million

A Deutsche Bank poll found 80% of investors agree the U.S. is on an unsustainable debt path

A quick survey conducted by Deutsche Bank found that 80% of respondents believe the current path of the U.S. federal deficit is unsustainable and will eventually lead to either a financial crisis or intervention by the Federal Reserve. The poll, which collected input from 450 participants, asked for reactions

Hassett: Tariff ruling will not affect ongoing trade deals... 3 deals were ready as of last week

Kevin Hassett, Director of the White House National Economic Council, expressed confidence that the Trump administration will succeed in reversing the recent court decision blocking its tariff policy, and revealed that three trade agreements are awaiting the president’s approval. “President Trump always comes out ahead in these negotiations—because

China praised a U.S. court decision that invalidated Trump-era tariffs, urging the U.S. to scrap them entirely

A U.S. federal court has struck down President Donald Trump’s broad-based global trade tariffs, dealing a significant setback to one of his key economic initiatives. In a ruling by the Court of International Trade, the panel determined that an emergency statute invoked by the administration did not give

Chinese businesses stick to diversifying away from the U.S. despite trade truce

The prolonged trade tensions with the United States have left a lasting impact on Chinese exporters, many of whom are actively seeking to reduce their reliance on the U.S. market, despite recent temporary tariff relief, according to a private survey. A poll conducted by trade insurer Allianz Trade, which

HSBC says it will cut bonuses for staff who work from home too much

HSBC has informed employees at its UK retail branches that their bonuses could be reduced if they don’t meet in-office attendance expectations. According to Bloomberg, the bank told staff within its HSBC UK division — which includes its retail banking and domestic commercial operations — that those failing to spend at

Amazon, AMZN, CEO Andy Jassy says tariffs haven't dented consumer spending

Amazon.com, Inc. (NASDAQ: AMZN) CEO Andy Jassy said on Wednesday that consumer spending remains strong, even as broad tariffs introduced by President Trump take effect. Speaking at Amazon’s annual shareholder meeting, Jassy reported that demand has held steady and that average selling prices have not increased significantly, despite

A second US court blocks Trump tariffs

A federal judge has temporarily blocked the Trump administration from collecting tariffs from two Illinois-based toy companies, marking the second time in as many days that courts have halted one of President Donald Trump’s primary trade tactics. On May 29, U.S. District Judge Rudolph Contreras issued an order

Fed Chair Jerome Powell met with President Trump today at the White House, the first time they met

Federal Reserve Chairman Jerome Powell met with President Trump at the White House on Thursday to talk about economic growth and related objectives, according to a statement from the central bank. The meeting, which took place at the president’s request, followed a series of public criticisms from Mr. Trump

Elon says his time as a Special Government Employee had come to an end

Elon Musk announced Wednesday evening that his tenure as a "special government employee" under the Trump administration is coming to a close. “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President [Trump] for the opportunity to reduce wasteful

A US federal court has officially blocked Trump's "Liberation Day" tariffs from going into effect

A federal court on Wednesday blocked many of the broad tariffs enacted by former President Trump against nearly all foreign nations, ruling that he had overstepped his legal authority. The decision, handed down by a panel from the U.S. Court of International Trade, stopped the sweeping 10% tariffs Trump

Trump orders US chip designers to stop selling to China

President Donald Trump's administration has directed U.S. companies that provide software for semiconductor design to halt sales to Chinese entities, the Financial Times reported Wednesday, citing multiple sources familiar with the decision. According to the report, Electronic Design Automation (EDA) firms—including Cadence (CDNS.O), Synopsys (SNPS.

Canada's largest pension fund has now allocated 47% of its total portfolio ($243 Billion) to U.S. assets

Currency movements have pushed U.S. assets to nearly half the value of Canada’s national pension fund, as its managers face growing calls from the domestic business community to increase investment at home. According to its annual report released Wednesday, the Canada Pension Plan Investment Board (CPPIB) now holds

BMW, Mercedes and Volkswagen are in talks with the U.S. Department of Commerce on a tariff deal that would involve a mechanism to offset imports and exports

Germany’s top automakers are engaged in discussions with U.S. officials over a potential deal to ease import tariffs, aiming to leverage their American investments and exports to reduce potential impacts, according to three people familiar with the matter. BMW (BMWG.DE), Mercedes-Benz (MBGn.DE), and Volkswagen are hopeful

Less than half of Americans (49.6%) feel the country is on the "wrong track

A majority of Americans hold a pessimistic view of the country’s direction under President Donald Trump as he nears the 100-day mark of his second term, according to a new national survey. Sixty percent of Americans say the country is “seriously off on the wrong track,” according to a

The White House plans to send a package of spending cuts to Congress next week that formalize the cuts that have been made by Elon Musk’s Department of Government Efficiency initiative

The White House is expected to send a package of proposed spending cuts to Congress next week, according to senior Republican officials who informed several House members on Wednesday. The forthcoming “rescissions” bill, confirmed by two Republican lawmakers who spoke on the condition of anonymity, follows extended internal discussions over

Trump says Canada considering his 'Golden Dome System' offer to become the 51st state of the United States

On Tuesday, U.S. President Donald Trump stated that Canada would need to pay US$61 billion to participate in his space-based missile defense initiative, dubbed the “Golden Dome” — but said the cost would be zero if Canada opted to join the United States as its 51st state. Trump claimed

Governor DeSantis signs legislation to recognize gold and silver as legal tender in Florida

Florida Governor Ron DeSantis signed a new law Tuesday in Apopka that will allow residents to use gold and silver coins to pay certain bills—framing it as a way to give Floridians more financial independence from the federal government. The measure, HB 999, was introduced by State Rep. Doug

Trump’s tariffs won’t lead to a resurgence of U.S. manufacturing jobs

As former President Donald Trump doubles down on tariffs as a tool to revive U.S. manufacturing, economists are casting doubt on whether the strategy will deliver its promised results. According to a new report from Wells Fargo, U.S. manufacturing employment currently stands at 12.8 million jobs—far

Trump Media, DJT, announces $2.5 billion deal to create a Bitcoin treasury

Trump Media has announced that it will use proceeds from a new funding round to establish a Bitcoin treasury—marking one of the largest Bitcoin-related investments by a publicly traded company. This move finalizes the company’s previously disclosed special acquisition fund and represents a key step in its broader

The U.S. Department of Education’s crackdown on student loan repayments could take billions of dollars out of consumers’ pockets

The Trump administration’s decision to resume collections on defaulted federal student loans is expected to have wide-reaching effects on borrowers who are behind on their payments. One of the most immediate consequences is that borrowers in default may face garnishments on their wages, tax refunds, or even Social Security

A year later, Apple, $AAPL, Vision Pro owners say they regret buying the $3,500 headset

Over a year has passed since Apple introduced its Vision Pro mixed-reality headset, and for many early buyers who spent $3,500, that purchase has become a source of disappointment. According to a recent report by The Wall Street Journal, several early adopters of the Vision Pro now say they

OpenAI’s o3 model sabotaged a shutdown mechanism to prevent itself from being turned off

We're entering troubling territory with AI behavior. In a recent series of tests, OpenAI’s newest o3 model actively interfered with a shutdown protocol—even after being clearly instructed to permit itself to be turned off. According to a report released last week by AI safety group Palisade