Unusual Whales

The remote-work revolution is morphing into a perk for the wealthiest, most educated workers

The remote-work revolution is morphing into a perk for the wealthiest, most educated workers, per FORTUNE. 63% of employees that make $100,000 or more report being able to work from home sometimes or always, only 38% of those making $50,000 to $100,000 have the same benefit. Remote

Goldman Sachs, $GS, has increased CEO Solomon’s pay 24% after firm’s profit slumps 24%

Goldman Sachs, $GS, has increased CEO Solomon’s pay 24% after firm’s profit slumps 24%. Solomon's compensation for the year was $31 million, as disclosed by the bank on Friday. This amount not only represents an increase from the $25 million he received in 2022 but also

Mortgage originations in commercial real estate fell 47% through 2023, Mortgage Bankers Association has said

Mortgage originations in commercial real estate fell 47% through 2023, Mortgage Bankers Association has said Commercial property mortgage originations plummeted by 47% in 2023, according to the Mortgage Bankers Association. The healthcare and office sectors experienced the most significant decline, with new loan creation volumes dropping by 67% and 65%

A new SEC market-tracking database is a “massive, unprecedented government surveillance system” that could cost the financial services industry billions of dollars and compromise investors’ privacy

A new SEC market-tracking database is a “massive, unprecedented government surveillance system” that could cost the financial services industry billions of dollars and compromise investors’ privacy, per Citadel. Citadel Securities and the American Securities Association, a consortium of brokerage firms, have petitioned the 11th US Circuit Court of Appeals to

Google, $GOOGL, has quietly launched an internal AI model named 'Goose' to help employees write code faster

Google, $GOOGL, has quietly launched an internal AI model named 'Goose' to help employees write code faster, per BI. According to internal documents reviewed by Business Insider, Goose is a tool exclusively for employees, aimed at facilitating the development of new products. The documents characterize Goose as a

Cathie Wood's Ark Invest, $ARKK, has destroyed $14 billion in wealth over the past decade

Cathie Wood's Ark Invest, $ARKK, has destroyed $14 billion in wealth over the past decade, per MorningStar. According to a recent Morningstar analysis, Cathie Wood's Ark Invest has lost an estimated $14.3 billion in wealth over the past decade. Ark Invest gained significant attention in

OpenAI has launched 'Sora', a text-to-video model that allows users to create videos using prompts

OpenAI has launched 'Sora', a text-to-video model that allows users to create videos using prompts. OpenAI is introducing a new video-generation model named Sora, which the AI company claims can "craft realistic and imaginative scenes based on text prompts." This text-to-video model allows users to generate

Boomers are not moving out of their big homes

Boomers are not moving out of their big homes, per CNN. Many Baby Boomers who have seen a significant increase in the value of their homes are now faced with sizable capital gains tax bills when they sell. This tax applies to the profit made from selling an asset, such

The US birth rate has fallen by somewhere between 14% and 20% since 2012

The US birth rate has fallen by somewhere between 14% and 20% since 2012, depending on the estimate per Bloomberg. Today, about 35% of women ages 25-44 have never given birth, almost double the number in 1976. Surveys show that many childless young adults are concerned about the medical and

Prepare for a Bitcoin FOMO rally to record highs

Prepare for a Bitcoin FOMO rally to record highs, per Bernstien. Bernstein analysts argue that a combination of factors, including the introduction of Bitcoin exchange-traded funds (ETFs) and a growing fear of missing out (FOMO) among investors, could propel the cryptocurrency to new highs. One major factor is the recent

Jeff Bezos’ $4 billion stock sale last two weeks came with an added perk: no state taxes

Jeff Bezos’ $4 billion stock sale last two weeks came with an added perk: no state taxes. Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings. The sales began Friday, as detailed in the filing, and continued on Monday. Bezos

China's baby bust is happening faster than many expected, raising fears of a demographic collapse

China's baby bust is happening faster than many expected, raising fears of a demographic collapse. China's one-child policy, implemented in 1980, was a monumental social experiment aimed at curbing overpopulation and fueling economic growth. Spearheaded by a missile scientist trained in Moscow, the policy was based

Russia is developing a space-based anti-satellite nuclear weapon

Russia is developing a space-based anti-satellite nuclear weapon, according to U.S. officials per NYT. House Intelligence Committee Chair Mike Turner has urged the Biden administration to declassify information concerning what he described as a "serious national security threat," later reported to involve Russian intentions to deploy nuclear

Nvidia, $NVDA, has disclosed investments in Arm Holdings, $ARM, SoundHound AI, $SOUN, and the biotech company Recursion Pharmaceuticals, $RXRX

Nvidia, $NVDA, has disclosed investments in Arm Holdings, $ARM, SoundHound AI, $SOUN, and the biotech company Recursion Pharmaceuticals, $RXRX. Nvidia Corp., a key player in the AI sector, revealed investments in Arm Holdings Plc, SoundHound AI Inc., and the biotech firm Recursion Pharmaceuticals Inc. in a 13F form filed with

Russian President Vladimir Putin said that he preferred Joe Biden to Donald Trump but was willing to work with any U.S. president

Russian President Vladimir Putin said that he preferred Joe Biden to Donald Trump but was willing to work with any U.S. president, per Reuters. Putin responded promptly: "Biden. He is a more seasoned, foreseeable individual, a politician of the old guard." With a slight smile, he added,

Japan's economy unexpectedly contracted for a second quarter at the end of 2023, slipping into recession

Japan's economy unexpectedly contracted for a second quarter at the end of 2023, slipping into recession, per Bloomberg. Japan unexpectedly slipped into a recession as its economy shrank for a second consecutive quarter due to weak domestic demand, leading some observers to revise their expectations on when the

$WISH has been sold for to Asian Ecommerce Platform Qoo10 for $173 million

The parent company of the discount online retailer Wish has agreed to sell its assets and liabilities for $173 million to the Singaporean e-commerce company Qoo10. ContextLogic Inc. will sell assets, including Wish, to Qoo10 for $6.50 per share in cash, as confirmed by a statement on Monday, which

Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings

Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings. The sales began Friday, as detailed in the filing, and continued on Monday. Bezos sold a total of 11,997,698 shares in the company for approximately $2.08 billion, according

Raising a child from birth to age 18 now costs an average of $237,482

Raising a child from birth to age 18 now costs an average of $237,482, per BI. Millions of Americans find it challenging to save money, leaving them financially strained as they approach a significant life event: having a child. Raising a child from birth to age 18 now costs

Some young Americans are giving up on ever owning a home

Some young Americans are giving up on ever owning a home, per CNN. Americans are grappling with the toughest housing market in a generation, making the dream of owning a home increasingly elusive for many young people. Mortgage rates have surged in recent years, reaching their highest levels in over

Credit card debt jumped 14.5% in the fourth quarter up 2023

Credit card debt jumped 14.5% in the fourth quarter up 2023, per CNBC. Delinquency rates for credit cards and auto loans surged to their highest levels since the Great Recession, as revealed in a report released by the New York Fed on Tuesday. Why it's important: The

German banks braces for wave of bad loans in ‘greatest real estate crisis since the financial crisis'

German banks braces for wave of bad loans in ‘greatest real estate crisis since the financial crisis,' per CNN. Deutsche Pfandbriefbank (PBB), a German lender specializing in real estate, has increased its provisions for bad debts in anticipation of what it describes as the most significant decline in commercial

Remote workers 35% more likely to be fired than those who return to office

Remote workers 35% more likely to be fired than those who return to office, per NYP. The Wall Street Journal reported new data indicating that in 2023, full-time remote workers were 35% more likely to be laid off than their in-office counterparts. Live Data Technologies' data revealed that 10%

CPI comes in at 3.1% vs 2.9% expected

CPI comes in at 3.1% vs 2.9% expected . Inflation, as measured by the consumer price index (CPI), exceeded expectations for January. The CPI's year-over-year increase for January was projected to be 2.9%, a significant slowdown from December's 3.4% reading. However, the Bureau

Russian President Vladimir Putin's suggestion of a ceasefire in Ukraine to freeze the war was rejected by the United States

Putin's strategy has failed, marking the start of the third year of Europe's deadliest conflict since World War II and underscoring the vast divide between the world's top two nuclear powers. A U.S. source refuted claims of any official contact and affirmed that