Unusual Whales

$1 million dollars will no longer last enough for retirement of 20 years in over half of the states

$1 million dollars will no longer last enough for retirement of 20 years in over half of the states, per CNBC. GoBankingRates conducted an assessment to gauge the longevity of $1 million in covering retirement expenses across all states and determined that it would fall short of sustaining 25 years

Gen Z are over having their work ethic questioned, per FORTUNE: ‘Most boomers don’t know what it’s like to work 40+ hours a week and still not be able to afford a house’

Gen Z are over having their work ethic questioned, per FORTUNE: ‘Most boomers don’t know what it’s like to work 40+ hours a week and still not be able to afford a house’, per FORTUNE. The reason Gen Z and millennials are expressing frustration, according to Scott, isn&

Ken Griffin said he has stopped financially supporting the university, accusing elite institutions of creating “whiny snowflakes” instead of focusing on education

Ken Griffin said he has stopped financially supporting the university, accusing elite institutions of creating “whiny snowflakes” instead of focusing on education, per the Hill. Griffin, the founder of Citadel with a net worth exceeding $30 billion, has contributed around $500 million to Harvard over his lifetime. While speaking at

The average millennial has also seen their net worth double in the last five years, from about $54,000 to $115,000

The average millennial has also seen their net worth double in the last five years, from about $54,000 to $115,000, per Fed in BI. Millennials have been hit hard financially, with more debt and a lower net worth than their parents had at the same life stage, per

$META earnings

Meta exceeded expectations in its fourth-quarter earnings report, revealing a surge in its stock price by 14% in after-hours trading. The key financial figures include earnings per share of $5.33, surpassing the expected $4.96, and revenue totaling $40.1 billion, beating the anticipated $39.18 billion. Key user

The average US homebuyer has gained $40,000 in buying power in the last 3 months as mortgage rates cool

The average US homebuyer has gained $40,000 in buying power in the last 3 months as mortgage rates cool, per BI. Homebuyers with a monthly mortgage budget of $3,000 now have the capacity to afford a $453,000 home, as per a recent analysis by Redfin. This increase

A record number of office buildings will be converted into apartments in 2024

A record number of office buildings will be converted into apartments in 2024, per NYP. Developers are poised to undertake a historic surge in repurposing aging office buildings into apartments this year, driven by the widespread adoption of remote work, which has led to increased vacancy rates in commercial spaces

36% of Americans say they have amassed more credit card debt than emergency savings, an all time high

36% of Americans say they have amassed more credit card debt than emergency savings, an all time high. Credit card debt has reached $1.08 trillion in US, an all time high. The burden of credit card debt is on the rise. As of Tuesday, Americans collectively owe $1.08

European regulators are closely following a group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000%, a position so large it risks impacting markets

European regulators are closely following a group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000%, a position so large it risks impacting markets, per Bloomberg. A recent report by the European Securities and Markets Authority (ESMA) sheds light on the risk

The United States has approved plans for multi-day strikes in Iraq and Syria against multiple targets, including Iranian personnel and facilities

The United States has approved plans for multi-day strikes in Iraq and Syria against multiple targets, including Iranian personnel and facilities, per CBS. Senior U.S. officials have indicated that the United States is readying itself to conduct strikes in Iraq and Syria, targeting Iranian personnel and facilities. This comes

Elon Musk calls for shareholder vote to move Tesla’s, $TSLA, incorporation to Texas

Elon Musk calls for shareholder vote to move Tesla’s, $TSLA, incorporation to Texas. Tesla CEO Elon Musk has faced a setback as a Delaware judge, Chancellor Kathaleen St. Jude McCormick, ruled against his entitlement to a landmark compensation package valued at over $55 billion. This decision follows a shareholder

The average American household owes $10,000 in credit card debt, $58,957 in student loan debt, $241,840 in mortgage debt, and $22,612 in auto loans

The average American household owes $10,000 in credit card debt, $58,957 in student loan debt, $241,840 in mortgage debt, and $22,612 in auto loans, per YF. A survey conducted by PolicyGenius reveals that over 46% of Americans anticipate passing on debt to their heirs upon death.

Millennials have been hit hard financially, with more debt and a lower net worth than their parents had at the same life stage

Millennials have been hit hard financially, with more debt and a lower net worth than their parents had at the same life stage, per BI. A recent report from the Pew Research Center highlights the distinct financial path that young adults in the U.S. are traversing compared to their

More Americans are trapped in a credit card debt spiral and fewer are able to pay their bills in full at the end of the month

More Americans are trapped in a credit card debt spiral and fewer are able to pay their bills in full at the end of the month, per CNBC Americans are increasingly relying on their credit cards, reaching a new record with total card balances at $1.08 trillion, as reported

The U.S. is breaking oil-production records with fewer drilling rigs

The U.S. is breaking oil-production records with fewer drilling rigs, per MW. U.S. oil production has maintained record levels since October, surpassing the previous peak in 2020, despite a nearly 30% decrease in the number of active domestic oil drilling rigs over the past four years. Contributing factors

Lockheed Martin, $LMT, to cut 1% of its jobs in cost-cutting push

Lockheed Martin is set to trim 1% of its workforce throughout the year as part of an initiative to reduce costs and enhance operational efficiency, as stated by a company spokesperson on Friday. The job cuts will impact various roles across all business and enterprise operations, with cost-cutting measures including

58 tech companies have laid off 7,785 employees already in Q1 2024

A significant number of American workers employed by major tech, retail, and media companies are facing job losses or the looming threat of positions being cut in 2024. Recognizable brands, many of which expanded their workforces during the COVID-19 pandemic, are now streamlining their operations with a focus on more

Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc

Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc, per Reuters. In August, the existing BRICS members—Brazil, Russia, India, China, and South Africa—extended invitations to six additional nations to join their ranks, forming an alliance between some of the

Federal Reserve pauses rates again, no hike

On Wednesday, the Federal Reserve gave a lukewarm indication that it might have finished increasing interest rates, yet emphasized that it has not begun considering rate cuts. In a notably revised conclusion from its two-day meeting, the Federal Open Market Committee altered its previous stance, which had suggested a continued

Elon Musk has said: Should Tesla, $TSLA, change its state of incorporation to Texas, home of its physical headquarters

Elon Musk has said: Should Tesla, $TSLA, change its state of incorporation to Texas, home of its physical headquarters? Tesla CEO Elon Musk has faced a setback as a Delaware judge, Chancellor Kathaleen St. Jude McCormick, ruled against his entitlement to a landmark compensation package valued at over $55 billion.

Google, $GOOGL, CEO Sundar Pichai warns staff that cuts would continue throughout the year

Since January 10th, Google has implemented workforce reductions affecting over a thousand employees across various departments. In an internal memo shared with all Google employees on Wednesday, CEO Sundar Pichai conveyed the message that more cuts should be anticipated as the company strives to pursue ambitious goals and invest in

Citadel CEO and billionaire Ken Griffin donated $5 million to Nikki Haley super PAC

Ken Griffin, the billionaire CEO of Citadel and a prominent Republican donor, has made a substantial contribution of $5 million to the SFA Fund, a super PAC aimed at supporting former South Carolina Governor Nikki Haley in the GOP presidential primary against Donald Trump. The sizable donation was recorded in

$WMT, Walmart announces a 3-For-1 stock split

Walmart has announced a two-for-one stock split, offering additional shares to shareholders on record as of February 22. The additional shares are set to be distributed after the market closes on February 23, with the stock trading on a post-split basis from February 26. Walmart's decision to split

Costco, $COST, is cracking down on membership sharing

Costco, $COST, is cracking down on membership sharing, per MW. Costco is currently testing innovative technology that could potentially tackle the issue of membership-sharing, where individuals who haven't paid for an annual membership use cards belonging to paying members. Traditionally, Costco members simply need to present their membership

Private equity giant Blackstone, $BX, has said this month that it was buying Tricon Residential, a Toronto-based landlord that owns 38,000 homes across the U.S. and Canada for $3.5 billion

Private equity giant Blackstone, $BX, has said this month that it was buying Tricon Residential, a Toronto-based landlord that owns 38,000 homes across the U.S. and Canada for $3.5 billion. Blackstone, renowned for leading Wall Street's acquisition of houses post the U.S. foreclosure crisis,