Unusual Whales

China offers to address US fentanyl concerns to revive trade talk

China announced it is currently reviewing the possibility of resuming trade negotiations with the United States, marking the first indication of potential dialogue since Donald Trump imposed a new round of tariff hikes last month. In a statement released Friday, China’s Ministry of Commerce acknowledged that top U.S.

Trump proposed budget

Donald Trump has released a preliminary outline of his proposed budget for the 2026 fiscal year, often referred to as a “skinny budget.” This plan calls for cutting federal spending by $163 billion, which would amount to a reduction of over 20% in non-defense discretionary spending, excluding mandatory expenditures, according

Apple, AAPL, has authorized up to $100 billion share buyback

On Thursday, Apple reported quarterly results that slightly exceeded Wall Street expectations, driven by consumers buying iPhones in anticipation of possible import taxes under President Donald Trump. The Cupertino, California-based tech giant posted fiscal second-quarter revenue of $95.36 billion and earnings of $1.65 per share, narrowly beating analyst

Visa, V, wants to give AI your credit card to buy groceries and plane tickets

Visa wants to reshape the way people shop — by letting AI spend on your behalf. By setting a spending limit and a few preferences, next-generation AI assistants — evolving from tools like ChatGPT — could soon handle everyday purchases for you, whether it’s groceries, clothes, or even plane tickets. “This has

McDonald’s, MCD, US sales drop by most since height of pandemic in 2020

McDonald’s saw a noticeable dip in U.S. sales at the start of 2025, a decline the company linked to growing consumer unease about the American economy. Even with promotional tie-ins like its partnership with the upcoming Minecraft movie and extended discount offerings, foot traffic at U.S. locations

49% of Gen Z job hunters think their college education has lost value in the job market thanks to AI

Nearly half of Gen Z job seekers now believe college wasn’t worth the investment — citing AI’s impact on the job market as the reason, according to a new report from Indeed. The study, conducted by Harris Poll and based on responses from 772 U.S. workers and job

Couples are cutting wedding budgets and delaying the event altogether due to the economy

n Dallas, wedding planner Stephanie B. Evans says couples are scaling back, trimming guest lists by roughly 25% on average to manage expenses. “They’re being very careful about what they’re spending,” she noted. This belt-tightening around weddings—a major life event—reflects a broader sense of financial caution

24% of Americans are scrapping plans to make a major purchase like a home or car due to tariffs

Nearly a quarter of Americans—24%—are scrapping plans to make significant purchases like a home or car due to President Trump’s latest tariff measures, according to a new report from real estate firm Redfin. Another 32% say they’re putting those big-ticket purchases on hold. These findings come

Chinese purchases of American oil are down -90% year over year, while Chinese purchases of Canadian oil are up +700% year over year

A recently expanded pipeline in Western Canada is giving China and other East Asian nations greater access to Alberta’s massive oil sands reserves — a development that’s beginning to reshape global crude flows. Since the Trans Mountain Expansion (TMX) project began operations in May, Chinese imports of Canadian crude

Hassett says tariffs news expected by the end of the day

Kevin Hassett, head of the National Economic Council, shared an optimistic outlook on the status of ongoing tariff negotiations, suggesting the Trump administration is making meaningful progress. He noted that an update could be released before the end of the day. Speaking during a CNBC interview, Hassett expressed cautious optimism

US hairdressers and aestheticians report clients are opting for less expensive services and canceling appointments—worrying signs that US consumers are retrenching

From high-end salons in Manhattan to small-town shops in rural New England, beauty professionals are noticing a shift: longtime clients are cutting back. In Brewer, Maine, stylist Alyssa Dow said customers are opting for simpler, lower-maintenance styles—and tipping less generously. Meanwhile, in upscale Longmeadow, Massachusetts, where many clients are

US Treasury Scott Bessent has a message to powerful public company CEOs: Stop worrying about tariffs, and get back to business

U.S. Treasury Secretary Scott Bessent has a clear message for corporate America’s top executives: focus on running your companies and stop fixating on trade tensions. "Over the next 90 days, we’ll have much more clarity on tariffs and the direction we're headed," Bessent

Mike Waltz reportedly out as U.S. National Security Adviser

U.S. National Security Adviser Mike Waltz is stepping down from his position in the Trump administration, according to multiple media outlets. Waltz, who served as the president’s top adviser on national security matters, has faced a turbulent period in the role, particularly following allegations that senior officials relied

US debt to grow twice as fast as the economy

A new report from the Government Accountability Office (GAO) reinforces the Congressional Budget Office’s (CBO) ongoing warnings that the federal debt is heading down an unsustainable path. The GAO identifies key factors influencing this fiscal trend and urges Congress to create a comprehensive strategy to tackle the issue. According

Tesla, TSLA, Board of Directors have opened a search for a CEO to succeed Elon Musk

Tesla Inc.'s board members reached out to executive search firms to initiate a formal search for a potential successor to CEO Elon Musk, according to the Wall Street Journal, which cited individuals familiar with the matter. The report states that these efforts began roughly a month ago, amid

Robert F. Kennedy Jr has said he is working to ban all soda and candy from US food stamps

Health and Human Services Secretary Robert F. Kennedy Jr. said he’s collaborating with Agriculture Secretary Brooke Rollins to implement a ban on using food stamps to buy candy and soda. Kennedy addressed the Supplemental Nutrition Assistance Program (SNAP) during a Cabinet meeting with President Trump at the White House

U.S. & Ukraine sign minerals agreement

The United States and Ukraine have officially signed an agreement to establish the United States–Ukraine Reconstruction Investment Fund, a long-anticipated pact that grants the U.S. access to Ukrainian rare earth minerals, both governments announced on Wednesday. “This deal sends a strong message to Russia that the Trump Administration

Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite

Cargo shipments from China to the U.S. West Coast are set to take a sharp downturn next week, as the fallout from President Donald Trump’s latest round of tariffs forces businesses to scale back their imports. Gene Seroka, executive director of the Port of Los Angeles, said Tuesday

Since February 2020, home prices have increased 45%

The co-CEO and chairman of Lennar, one of the country’s largest homebuilders with a $30 billion valuation, just delivered a stark message: the combination of steep home prices and elevated mortgage rates is putting a major drag on housing demand. “Mortgage rates have stayed elevated for longer than expected,

Snap’s, SNAP, CEO says he purposefully sets new hires up to fail on their first day on the job

For most people starting a new job, being told to put together a presentation on day one would feel like a nightmare. But for Evan Spiegel, cofounder and CEO of Snapchat, it’s a deliberate part of the onboarding process. Instead of beginning with tours or administrative tasks, new designers

Estimated number of human workers expected to be replaced by humanoid robots

Humanoid robots may outgrow the auto industry in economic impact, said Morgan Stanley estimating that the market could swell to $5 trillion in annual revenue by mid-century as adoption will grow across industrial, commercial, and eventually at household use. Morgan Stanley sees a billion of robots in use by 2050,

Generation Z, those born between 1997 and 2012, started saving for retirement at 24

Millennials may be nearing 40, but many are still receiving financial help from their parents to make ends meet. Roughly half of parents in the U.S. provide financial support to at least one adult child over the age of 18, according to a recent report from Savings. Gen Z

Navarro: this was the best negative print for GDP I've seen

The U.S. economy shrank in the first quarter of 2025, as a spike in imports—fueled by anticipation of new tariffs—marked the early days of President Donald Trump’s second term and signaled the growing costs of his trade agenda. From January to March, gross domestic product (GDP)

Warren Buffett calls himself ‘cheap’ for still living in the same house he purchased for $31,500—despite having $168 billion to his name

At 94, Warren Buffett still lives by the principle of frugality—so much so that he once drove around with a license plate that read “THRIFTY.” “I’m cheap,” he openly told CBS News’ Norah O’Donnell. True to that admission, Buffett still resides in the Omaha home he bought

U.S. auto loan applications are being denied at the highest level in over ten years

A growing number of Americans are bracing for tougher financial conditions, with many expecting to be turned down if they apply for credit cards, auto loans, or mortgages, according to a new report from the New York Federal Reserve. In February, 46.7% of survey participants said they believe getting