Unusual Whales

Amazon's, $AMZN, humanoid warehouse robots will eventually cost only $3 per hour to operate

Amazon's, $AMZN, humanoid warehouse robots will eventually cost only $3 per hour to operate, per BI. Amazon, $AMZN, is trialling humanoid robots in its US warehouses. Amazon is conducting trials of humanoid robots in its US warehouses, marking another step in the tech giant's increasing automation

Austin, Texas, was the only city that became more affordable in 2023, per Redfin

Austin, Texas, was the only city that became more affordable in 2023, per Redfin. In 2023, homebuying became the least affordable in at least the past 11 years, according to a report by real estate company Redfin released on Thursday. For this year, an individual earning the median income in

Costco, $COST, made $100 million off this golden item alone in most recent quarter

Costco, $COST, made $100 million off this golden item alone in most recent quarter. During a recent discussion, Richard Galanti, Costco's Chief Financial Officer, highlighted the retail giant's sale of 1-ounce gold bars, reaching over $100 million in sales during the quarter. Galanti briefly mentioned some

California's housing market is collapsing

California's housing market is collapsing, per Newsweek. Recent data reveals a significant drop in home prices across parts of California, which had been among the most overvalued areas in the country until recently. Affected by the same price correction that impacted the U.S. housing market from late

Sam Altman explains what happened during the past few weeks at OpenAI

Sam Altman explains what happened during the past few weeks at OpenAI. "As we get closer and closer to superintelligence, everybody involved gets more stressed and more anxious." To the Verge he said: "It took me a few minutes to snap out of it and overcome the

JPMorgan, $JPM, Chase CEO Jamie Dimon has said: "I've always been deeply opposed to crypto... If I were the government I'd close it down"

JPMorgan, $JPM, Chase CEO Jamie Dimon has said: "I've always been deeply opposed to crypto... If I were the government I'd close it down." During a Senate hearing on Wednesday, JPMorgan Chase CEO Jamie Dimon expressed his strong opposition to the cryptocurrency industry, stating

Donald Trump has released a new 'Mugshot' NFT collection this week

Donald Trump has released a new 'Mugshot' NFT collection this week. "In light of the overwhelming excitement and success of my earlier TRUMP DIGITAL TRADING CARDS, we're launching a new edition – The MugShot Edition, available RIGHT NOW," Trump announced in a Truth Social post

Vivek Ramaswamy has said, if elected: I will reduce headcount at the U.S. Federal Reserve by >90%

Vivek Ramaswamy has said, if elected: I will reduce headcount at the U.S. Federal Reserve by >90% and limit its scope to doing exactly *one* thing: stabilize the dollar as a stable unit of measurement. In November, Republican presidential candidate, Vivek Ramaswamy, proposed a border wall with Canada,

Retail investors are buying the most stocks since March 2022

Investors are entering a critical week, anticipating key events such as the release of November's consumer price index (CPI) on Tuesday and the Federal Reserve's interest-rate decision on Wednesday. Speculation about the Fed concluding rate hikes and potentially implementing cuts by mid-2024 has led to a

European Union leaders agreed to open membership negotiations with Ukraine

European Union leaders agreed to open membership negotiations with Ukraine. On Thursday, the European Union made a significant decision to initiate accession negotiations with Ukraine, marking a remarkable shift for a country in conflict that had struggled to garner support for its aspirations to join the EU. The decision was

30-year mortgage rates are now below 7%

30-year mortgage rates are now below 7%, per MW. Freddie Mac reported a decrease in the average rate on a 30-year mortgage to 6.95%, down from 7.03% the previous week and compared to 6.31% a year ago. Meanwhile, rates on 15-year fixed-rate mortgages, favored by homeowners refinancing,

The Fed has signalled 3 interest rate cuts for next year

The Fed has signalled 3 interest rate cuts for next year, per BI. Officials have revised their expectations, anticipating a slightly faster cooling of inflation next year, according to the latest economic projections released Wednesday. Some economists argue that the final phase of the Fed's historic fight against

For those between 55 and 64, the average and median balances are $207,874 and $71,168

For those between 55 and 64, the average and median balances are $207,874 and $71,168, per Vanguard. The average 401(k) balance for a Gen Zer is about $7,100, per Fidelity. Meanwhile, the retirement savings of Gen Z has come into question as a new report shows

A four-person household spent an average $315.22 on food at home in 2023

A four-person household spent an average $315.22 on food at home in 2023. In October 2020, they spent an average of $238.32, a 32% increase, per Bloomberg. Restaurant prices are up 24% since January 2020, per Bloomberg. A pound of ground beef now costs $5.23 on average,

New York City will pay 15 homeowners up to $395,000 to build an extra dwelling in their garage or basement to help ease the housing shortage

New York City will pay 15 homeowners up to $395,000 to build an extra dwelling in their garage or basement to help ease the housing shortage, pe rNYT. Homeowners interested in participating in the Plus One ADU program can submit their applications online. To qualify, their homes must meet

An all time high of Americans spend more than half or more of their income on rent

An all time high of Americans spend more than half or more of their income on rent, per NYT. The average monthly mortgage payment is a whopping 52% higher than the average monthly rent on a house or apartment, the highest amount since the 2008 housing crash, per WSJ. Most

Bill Gates has said that generative AI has plateaued, and says GPT-5 will not be any better

In an interview with the German business newspaper Handelsblatt, the 67-year-old expressed his belief that there are ample reasons to think that GPT technology has hit a plateau. Gates acknowledged the possibility of being mistaken and diverged from the views at OpenAI, stating that, contrary to the expectations for GPT-5,

Restaurant prices are up 24% since January 2020

Restaurant prices are up 24% since January 2020, per Bloomberg. 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 have grappled with the financial

40% of Americans have delayed or skipped needed health care in the past year because they couldn’t afford it

40% of Americans have delayed or skipped needed health care in the past year because they couldn’t afford it, per Bloomberg. Approximately 57% of individuals stated that at least one-tenth of their monthly budget is allocated to healthcare expenses. Among those covered by employer-sponsored health insurance, the primary source

The U.S. can’t handle the ‘silver tsunami’ of millions of baby boomers needing housing in their retirement years

The United States is facing a significant challenge in providing adequate housing and care for its aging population, according to a new report from Harvard University’s Joint Center for Housing Studies. The study warns that without sufficient government assistance, many older adults may have to forego necessary care or

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

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 have grappled with the financial strain of record-high inflation. Newly released data exposes the extent

U.S. Supreme Court is pondering the meaning of ‘income’ in tax dispute

U.S. Supreme Court is pondering the meaning of ‘income’ in tax dispute, per CNBC. U.S. Supreme Court justices displayed reluctance to overturn a tax affecting Americans who have invested in certain foreign corporations. The case revolves around the interpretation of "income" and could impact Democratic lawmakers&

Investors bought 1 in 5 homes in Boston area with no intention of living in them

Investors bought 1 in 5 homes in Boston area with no intention of living in them, per CBS. See full article: https://www.cbsnews.com/boston/news/real-estate-investors-greater-boston-housing-market/ In Boston, the dream of homeownership is a reality for some but appears unattainable for many due to a growing impediment, according

US consumers are spending at record levels, and economists are mystified, struggling to forecast an end point

Perplexed and grappling with forecasting challenges, economists are witnessing a remarkable trend in American consumer behavior amid elevated interest rates, reduced savings, and persistent inflation. Despite these economic stressors, US consumers have displayed unrestrained spending habits. Black Friday saw a 1.1% increase in sales at physical stores compared to

Elon Musk is planning to start a university in Austin, Texas

Elon Musk is planning to start a university in Austin, Texas, per Bloomberg. The charitable organization, named The Foundation, is set to utilize a $100 million donation from Musk to establish and launch a primary and secondary school in Austin, with a specific emphasis on science, technology, engineering, and math