Unusual Whales

The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down

The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, per ING. An economy displaying clear signs of slowing down may prompt the Federal Reserve to cut interest rates at least six times in 2024, according to a note from

British Columbia, Canada is using a new law to demand house owners explain where they got the money to buy it

British Columbia, Canada is using a new law to demand house owners explain where they got the money to buy it, per Bloomberg. British Columbia is pursuing a court order to compel property owners to clarify the source of $1 million used to acquire a Salt Spring Island house in

US Treasury Secretary Yellen has said: The US is responsible for a Ukraine defeat if funding stops

US Treasury Secretary Yellen has said: The US is responsible for a Ukraine defeat if funding stops. Yellen, during a visit to Mexico City, emphasized the critical nature of funding for Ukraine, specifically highlighting support for Ukraine's general government budget. She stated that securing this funding is essential

Senate Democrats have released a draft emergency Ukraine-Israel bill, requesting $111 billion

On Wednesday, Senate Republicans thwarted the progression of a $110 billion package earmarked for wartime funding in Ukraine and Israel, along with other national security priorities. The vote, falling short at 49-51, failed to meet the Senate's 60-vote threshold for advancement. This move came shortly after President Joe

Senate has blocked the Ukraine funding package

Senate has blocked the Ukraine funding package On Wednesday, Senate Republicans thwarted the progression of a $110 billion package earmarked for wartime funding in Ukraine and Israel, along with other national security priorities. The vote, falling short at 49-51, failed to meet the Senate's 60-vote threshold for advancement.

The breakdown of the 9-to-5 job is making us lonelier

The breakdown of the 9-to-5 job is making us lonelier, per FT. Read full article: https://www.ft.com/content/97827e3a-4ece-4ada-a791-407bacfdfa9d The decline of spontaneous fun has been linked to an economic concept introduced by Soviet economist Yuri Larin in 1929, known as "nepreryvka" or the "continuous

Marijuana is legal for more than half of Americans

Marijuana is legal for more than half of Americans, per Axios. More than 155 million Americans will reside in states where marijuana is legal following the approval of legalization referendums in Maryland and Missouri. This brings the total to 21 states where individuals aged 21 and older can legally possess

NYC law banning discrimination based on height and weight goes into effect went into effect last week

NYC law banning discrimination based on height and weight goes into effect went into effect last week, per NYP. Effective November 22, 2023, New York City implemented a law prohibiting discrimination in employment, housing, and public accommodations based on an individual's height and/or weight. Mayor Eric Adams

Biden: if Trump wasn't running, I'm not sure I'd be running

Biden: if Trump wasn't running, I'm not sure I'd be running The statement, delivered during a fundraiser at a private residence near Boston, provided one of the clearest explanations to date for Biden's reelection considerations and reportedly caught senior Biden campaign officials

Pending home sales drop to a record low, even worse than during the financial crisis

Pending home sales drop to a record low, even worse than during the financial crisis, per CNBC. Pending home sales, a gauge of signed contracts on existing homes, declined by 1.5% in October compared to September. This marks the lowest level since the National Association of Realtors started tracking

The U.S. is $33.7 trillion in debt, a total that exploded by 45% since the Covid pandemic in early 2020

The U.S. is $33.7 trillion in debt, a total that exploded by 45% since the Covid pandemic in early 2020, according to Treasury Department data. Of that total, $26.7 trillion is owed by the public. $7.6 trillion of US government debt will mature in the next

Americans who bought large rural homes during COVID are now selling up and returning to cities as more employers end work from home rules

Americans who purchased expansive rural homes during the pandemic are now putting them on the market and returning to urban areas as companies rescind work-from-home policies. When the COVID-19 pandemic struck in 2020, more than 61 percent of people transitioned to remote work, prompting homeowners to seek larger residences with

Converting 10% of US strip malls into housing could create 700,000 new homes

Converting 10% of US strip malls into housing could create 700,000 new homes, per BI. Simultaneously, various communities nationwide grapple with a housing affordability crisis, primarily fueled by a shortage of homes. To address both challenges, urban planners and developers are advocating for a solution: repurposing strip malls into

Bill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad idea

Bill Gates says a 3-day work week where 'machines can make all the food and stuff' isn't a bad idea, per BI. Bill Gates envisions the possibility of a 3-day work week made feasible by technology, according to his recent appearance on Trevor Noah's

Tim Cook of Apple, $AAPL, has told Dua Lipa he wants the next CEO of Apple to be an internal hire

Tim Cook of Apple, $AAPL, has told Dua Lipa he wants the next CEO of Apple to be an internal hire, per BI. Read full article: https://www.businessinsider.com/tim-cook-wants-next-apple-ceo-internal-hire-dua-lipa-2023-11 While Apple CEO Tim Cook has no immediate plans to step down, he has already contemplated the qualities of

The mortgage rate has to fall to 5.5%, or the median priced home has to fall by 22%, or the median income has to increase by 28%, for housing to become affordable, per Moody's

"The mortgage rate has to fall to 5.5%, or the median priced home has to fall by 22%, or the median income has to increase by 28%, for housing to become affordable," per Moody's. The average monthly new-mortgage payment is now 52% higher than the

X is now licensed for payment processing in a dozen U.S states

X is now licensed for payment processing in a dozen U.S states, per TC. Elon Musk is advancing his plans to transform the platform formerly known as Twitter, now referred to as X, into an all-encompassing application that incorporates its own payment system. The company secured three additional money

The US is running out of money for Ukraine, White House has said

The US is running out of money for Ukraine, White House has said per AP. In October, President Joe Biden's administration requested nearly $106 billion from Congress to fund extensive plans for Ukraine, Israel, and U.S. border security. However, the Republican-controlled House, with a slim majority, rejected

America’s first congestion pricing program is taking shape in New York City, where drivers could pay $15 to enter some of the busiest streets in Manhattan as soon as next spring

America’s first congestion pricing program is taking shape in New York City, where drivers could pay $15 to enter some of the busiest streets in Manhattan as soon as next spring, per NYT. The detailed plan outlines the tolls they hope to implement in New York City, aiming to

Retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — have seen their biggest sales drop in two years

Retailers that cater to the upper middle class — including Apple, Coach and Nordstrom — have seen their biggest sales drop in two years, per Bloomberg. Makers of refrigerators, boats and teeth straighteners say US consumers are no longer buying big-ticket items, per Bloomberg. Manufacturers of various goods, from refrigerators to dental

Nearly a million Americans got double-digit raises as a result of unions this year

Nearly a million Americans got double-digit raises as a result of unions this year, per CNN. Read full story: https://www.cnn.com/2023/11/21/business/big-paydays-union-members/index.html The frequency of substantial wage increases is on the rise, with over 700,000 workers securing pay raises in the

Lobbyists have killed the White House plan to save homebuyers thousands of dollars

Lobbyists have killed the White House plan to save homebuyers thousands of dollars. A proposed program that had the potential to save homeowners significant amounts on closing costs has been halted due to opposition from industry lobbyists and lawmakers. The Biden administration's plan aimed to eliminate title insurance

The only good thing right now about the US housing market is that it can't get much worse from here, per Redfin CEO

The only good thing right now about the US housing market is that it can't get much worse from here, according to Redfin CEO Glenn Kelman. The housing market has hit 'rock bottom' and the sales slump will last a long time, per Redfin CEO. The

$7.6 trillion of US government debt will mature in the next year

$7.6 trillion of US government debt will mature in the next year, per BI. The U.S. government's debt will rise by $5.2 billion, every single day for the next decade. Drawing upon data sourced from the Congressional Budget Office, an autonomous federal agency, Harnett dissected

Israeli authorities are investigating claims by U.S. researchers that some investors may have known in advance of a Hamas plan to attack Israel on Oct. 7 and used that information to profit from Israeli securities by dramatically increasing short selling

Israeli authorities are investigating claims by U.S. researchers that some investors may have known in advance of a Hamas plan to attack Israel on Oct. 7 and used that information to profit from Israeli securities by dramatically increasing short selling, per Reuters. Read full story: https://www.reuters.com/