Unusual Whales

Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately "manageable"

Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately "manageable." Federal Reserve Chair Jerome Powell anticipates that more small banks may shutter or consolidate due to weaknesses in commercial real estate, yet

Bill Ackman to launch a NYSE-listed fund for regular investor

Bill Ackman to launch a NYSE-listed fund for regular investor. The billionaire hedge fund manager is preparing to introduce a closed-end fund, which will focus on investing in 12 to 24 large-cap, investment grade, "durable growth" companies in North America, as outlined in a regulatory filing. The fund

US Senate rejects $118 billion immigration, foreign aid package

US Senate rejects $118 billion immigration, foreign aid package. Senate Republicans dealt a significant blow to a major bipartisan border agreement and foreign aid package, blocking it in a pivotal vote on Wednesday amid heavy criticism from former President Donald Trump and prominent House Republicans. The thwarted procedural vote represents

Americans now owe a collective $1.13 trillion on their credit cards, an all time high, per the Federal Reserve Bank of New York.

A new report from the Federal Reserve Bank of New York highlights that the total debt on credit cards for Americans has reached $1.13 trillion. The fourth quarter of 2023 saw a significant increase in credit card balances, with a $50 billion surge, marking an approximate 5% rise. Notably,

Cybeats Signs Three Year, Seven Figure Contract with Global Top 5 Medical Device Manufacturer, #ad

Toronto, Ontario--(Newsfile Corp. - February 7, 2024) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats'' or the "Company"), a cybersecurity company offering industry-leading SBOM Management software, is pleased to report on the signing of a renewed and expanded license agreement for SBOM Studio[

The US economy is likely headed for another 'roaring '20s' of rapid growth

The US economy is likely headed for another 'roaring '20s' of rapid growth, per Ed Yardeni. During a recent episode of Bloomberg's "Merryn Talks Money" podcast, Yardeni Research president shared his optimistic forecast for the coming decade, anticipating a surge in growth fueled

Job postings are down 15% over the past year, plummeting 31% in finance and 44% in software development roles

Job postings are down 15% over the past year, plummeting 31% in finance and 44% in software development roles, per Indeed. American workers are feeling less optimistic about the future of their employers than they have in almost ten years, signaling a challenging landscape ahead as layoffs increase and job

U.S. workers are getting scooped up by international companies hiring remote roles, per CNBC, with the number of American workers hired by international companies grew 62% last year

U.S. workers are getting scooped up by international companies hiring remote roles, per CNBC, with the number of American workers hired by international companies grew 62% last year. According to Deel's State of Global Hiring Report, the count of American workers recruited by international firms surged by

Trump has said Anheuser-Busch and Budlight, $BUD, is not a woke company

Former President Trump criticized Bud Light for its controversial partnership with a transgender influencer, which he claimed led to a significant drop in sales for the beer brand last year. Trump threatened to compile and release a list of "woke" companies, hinting at potential repercussions for their perceived

Fox, Disney and Warner Bros. Discovery are creating a joint sports streaming platform

Fox, Disney and Warner Bros. Discovery are creating a joint sports streaming platform. The media conglomerates will collaborate to establish a joint venture aimed at launching a new sports streaming service, drawing from their extensive collection of professional and collegiate sports rights. These rights encompass a wide array of sports

Delinquency rates on credit cards and auto loans spiked to their highest since the Great Recession

Delinquency rates on credit cards and auto loans spiked to their highest since the Great Recession. 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

Nearly 60% of parents said they were providing financial support to their adult kids ages 18 to 34

Nearly 60% of parents said they were providing financial support to their adult kids ages 18 to 34, per PEW. Amid widespread economic challenges, this data sheds light on the considerable difficulties Americans face in establishing themselves in adulthood. The report underscores this struggle by referencing a prior Pew survey

Buffalo, New York is projected to be the hottest housing market of 2024

Buffalo, New York is projected to be the hottest housing market of 2024, per Zillow. Zillow emphasized affordability as the primary factor influencing real estate, propelling lower-cost markets in the Great Lakes, Midwest, and South regions to the forefront of its 2024 rankings. Anushna Prakash, data scientist for Zillow Economic

The same basket of groceries that cost $100 in December 2019 costs nearly $126 now

The same basket of groceries that cost $100 in December 2019 costs nearly $126 now. Meanwhile, a pound of ground beef now costs $5.23 on average, up from $3.89 in January 2020, and prices for fresh fruits and vegetables are nearly 14% higher, per Bloomberg. For several years,

44% of Americans can't pay an unexpected $1,000 expense from savings

44% of Americans can't pay an unexpected $1,000 expense from savings, per CNBC. 22% of U.S. adults have no emergency savings at all, per Bankrate. A striking new survey conducted by Bankrate, involving 1,030 participants, reveals that over half of American adults (56%) lack sufficient

OpenAI's CEO Sam Altman has said an energy breakthrough is necessary for future artificial intelligence, which will consume vastly more power than people have expected

OpenAI's CEO Sam Altman has said an energy breakthrough is necessary for future artificial intelligence, which will consume vastly more power than people have expected, per Reuters. The necessity for increased power in the field of artificial intelligence (AI) arises from the substantial energy consumption of semiconductors handling

CEO Leon Cooperman warns that the U.S. is heading towards a financial crisis, arguing that "nobody" knows when it will hit

Cooperman's blunt assessment of the U.S. economy comes after a thorough examination of the nation's "massive debt," which he deems "out of control." He attributes the current state of the system to both Republicans and Democrats, emphasizing a crisis in the

Mortgage rates jump back over 7%

Mortgage rates jump back over 7%. After the January employment report surpassed expectations, mortgage rates experienced the most significant surge in over a year. The upward momentum continued following a monthly manufacturing report that also showed higher-than-expected figures. The roller-coaster journey of mortgage rates, which briefly touched a 20-year high

U.S. Senate releases draft of $118 billion bipartisan bill, which would provide $60 billion in military aid to Ukraine, $14 billion to Israel and $20 billion for border security.

On Sunday, Senators unveiled a significant $118 billion legislative package that combines policies on border enforcement with support for Ukraine, Israel, and other allies of the U.S. amidst wartime, initiating an ambitious attempt to navigate the bill through the considerable doubts of Republicans, including House Speaker Mike Johnson. This

The Washington Post has said: Inflation has fallen. Why are groceries still so expensive?

The Washington Post has said: Inflation has fallen. Why are groceries still so expensive? Meanwhile, a pound of ground beef now costs $5.23 on average, up from $3.89 in January 2020, and prices for fresh fruits and vegetables are nearly 14% higher, per Bloomberg. For several years, Americans

Gen Z, millennials are becoming homeowners with $30K tiny homes on Amazon, $AMZN

Gen Z, millennials are becoming homeowners with $30K tiny homes on Amazon, $AMZN, per NYP. Instead of pinching pennies with dreams of one day owning a traditional spacious home, financially savvy young adults are opting for tiny pre-fabricated dwellings from an online retail giant. Lifestyle content creator Jeffrey Bryant, 23,

Trump believes it's likely he'll be convicted, and is bracing for the possibility he'll be the first convicted felon to represent a major party

Trump believes it's likely he'll be convicted, and is bracing for the possibility he'll be the first convicted felon to represent a major party Insiders inform Axios that Trump is under the belief that a conviction is probable if the Jan. 6 case goes

Speaker Mike Johnson has changed his decision and said that the US House will now vote on an standalone $17.6 billion Israel aid package without any Ukraine aid

Speaker Mike Johnson has changed his decision and said that the US House will now vote on an standalone $17.6 billion Israel aid package without any Ukraine aid. “While the Senate appears poised to finally release text of their supplemental package after months of behind closed doors negotiations, their

Nikki Haley has said 65 Is 'way too low' for retirement age

Nikki Haley has said 65 Is 'way too low' for retirement age, per Bloomberg. Republican presidential candidate Nikki Haley endorsed an increase in the retirement age linked to life expectancy as a strategy to address the escalating US government debt. This statement followed her notable performance in the

22% of U.S. adults have no emergency savings at all

22% of U.S. adults have no emergency savings at all, per Bankrate. A striking new survey conducted by Bankrate, involving 1,030 participants, reveals that over half of American adults (56%) lack sufficient savings to cover an unexpected $1,000 expense. Among these individuals, 21% indicated they would resort