Unusual Whales

Nearly 10% of credit card users in America now find themselves in persistent debt where they are charged more in interest and fees each year than they pay on the principal

Nearly 10% of credit card users in America now find themselves in persistent debt where they are charged more in interest and fees each year than they pay on the principal. A recently published report on household indebtedness by the Federal Reserve Bank of New York reveals that credit card

"We have to raise the retirement age,” Chris Christie has said

"We have to raise the retirement age,” Chris Christie has said. The issue of Social Security's impending insolvency took center stage during the Republican presidential debate on Wednesday night, prompting candidates to consider raising the full retirement age, particularly for younger individuals entering the workforce. Former New

IRS has released tax brackets, inflation adjustments for 2024

IRS has released tax brackets, inflation adjustments for 2024: The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for

Bloomberg has an article recently written: The US economy is now breaking in plain sight

Bloomberg has an article recently written: The US economy is now breaking in plain sight. CNBC says: Something is breaking in the financial markets Meanwhile, Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two

Federal Reserve Reverse Repos is below $1 trillion for first time in two years

Federal Reserve Reverse Repos is below $1 trillion for first time in two years. The total funds that investors are placing in a significant Federal Reserve facility have fallen below $1 trillion for the first time in over two years. On Thursday, a collective $993 billion was deposited by 94

Gen Z is ‘soft saving,' where they are focused more on spending on what makes them happy and reflects their values, rather than what may have been seen as the traditional success markers like buying a home or having a large investment account

Gen Z is ‘soft saving,' where they are focused more on spending on what makes them happy and reflects their values, rather than what may have been seen as the traditional success markers like buying a home or having a large investment account, per MarketWatch. For many, the conventional

The worst paying college majors

The worst paying college majors, per CNBC. The median salary for each major on the list is at least $6,500 lower than the median salary for all majors, which stands at $46,500. While teachers enjoy job security, summers off, and pensions, their salaries are mostly determined by state

Over 75% of U.S. workers say they could complete the same amount of work in 4 days rather than 5

Over 75% of U.S. workers say they could complete the same amount of work in 4 days rather than 5, per CNBC. Owl Labs' "State of Work" report for 2023 revealed that 66% of U.S. employees returning to the office for a full workweek spend

The lawyers who just won the $1.8 billion lawsuit against the National Association of Realtors over realtor commissions have filed a new class-action lawsuit that seeks class-action status covering anyone in the U.S. who sold a home in the last five years

A series of legal challenges is aiming to disrupt long-standing practices in the real estate industry that determine commissions for agents on home sales and who bears the cost. In a federal court case, the National Association of Realtors (NAR) and major real estate brokerages were ordered on Tuesday to

Credit card debt has reached $1.08 trillion in US, 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 trillion in credit card debt, as reported by the Federal Reserve Bank of New York. According to a

Jerome Powell saying "just close the fucking door" to climate protestors at the IMF today

Climate activists made their presence known on Thursday by taking control of the stage during a research conference at the International Monetary Fund's (IMF) secure headquarters. Federal Reserve Chair Jerome Powell and Israeli central bank Governor Amir Yaron were addressing the conference when the protesters, chanting "End

Two US F-15s bombed a weapons storage facility in Syria used by Iran’s Revolutionary Guards and affiliates

The U.S. has carried out a second series of strikes on facilities linked to Iran, responding to ongoing attacks on U.S. forces in Iraq and Syria. Defense Secretary Lloyd Austin, following President Biden's directive, confirmed the strikes, pinpointing a weapons storage facility in eastern Syria utilized

U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates, using so-called synthetic risk transfers

As U.S. banks grapple with the challenges posed by tighter regulations and rising interest rates, they have turned to a new strategy to offload risk. Major financial institutions, including JPMorgan Chase, Morgan Stanley, and U.S. Bank, are selling complex debt instruments known as "synthetic risk transfers"

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward, per Fortune. The current state of the housing market is characterized by exceptionally low affordability and accessibility. Mortgage rates surged to 8% this autumn, while

Excess savings in the US peaked in August 2021 at a $2.1 trillion. It is now down to just $148 billion

Excess savings in the US peaked in August 2021 at a $2.1 trillion. It is now down to just $148 billion, per BI. Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the

Amazon, $AMZN, has announced its health care program will be available gor Prime Members at $9 a month

Amazon, $AMZN, has announced its health care program will be available gor Prime Members at $9 a month. Amazon is enhancing its popular Prime subscription program by offering discounted One Medical memberships to its members. The company announced that Prime members can now enroll in One Medical for $9 per

Rockstar Games, $TTWO, plans to announce the Grand Theft Auto 6 game as early as this week

Rockstar Games, $TTWO, plans to announce the Grand Theft Auto 6 game as early as this week, per Bloomberg. Rockstar is reportedly gearing up to make an official announcement about Grand Theft Auto 6, along with plans to unveil a trailer in December. As reported by Bloomberg, Rockstar is looking

Ohio has voted to legalize recreational marijuana

Ohio voters have approved a ballot initiative to legalize recreational marijuana, becoming the 24th state to embrace legalization. The "yes" vote on Issue 2 will permit individuals aged 21 and older to use, cultivate, or sell marijuana under a state-imposed regulation-and-tax program. The measure will go into effect

Lucid, $LCID, lost 433,081 per car sold during the quarter

Lucid, $LCID, lost 433,081 per car sold during the quarter. Lucid Motors recently disclosed its third-quarter earnings, revealing a revenue of $137.8 million, following the previous month's announcement that it delivered 1,457 units and produced 1,550 vehicles during the quarter. The electric vehicle (EV)

To revive Canada’s economy, housing prices must fall, and property investors must take a hit

To revive Canada’s economy, housing prices must fall, and property investors must take a hit, per the Globe and Mail. The Canadian housing market is currently facing a high risk of unraveling, according to expert analysis. The precarious situation is primarily attributed to the significant level of debt that

75% of Warren Buffett’s equity portfolio is in just 5 stocks

75% of Warren Buffett’s equity portfolio is in just 5 stocks. Warren Buffett's Berkshire Hathaway significantly increased its cash reserves by 7% in the last quarter, reaching a staggering $157 billion, surpassing its previous record of $149 billion from late 2021. Notably, the conglomerate's cash

Bank of Canada will cut rates over mortgage renewals

Bank of Canada will cut rates over mortgage renewals, per Desjardins. A prominent strategist believes that due to the risks associated with upcoming mortgage renewals, the Bank of Canada has concluded its interest rate hikes and will instead make rate cuts in the middle of next year. Royce Mendes, Head

ChatGPT cannot pass the CFA exam currently, per JPMorgan, $JPM

ChatGPT cannot pass the CFA exam currently, per JPMorgan, $JPM. A group of researchers from JPMorgan Chase & Co. and academic institutions conducted experiments to assess the potential of OpenAI's ChatGPT and GPT-4 chatbots to pass the first two levels of the exam. Typically, humans take four years

AI bot performed insider trading and lied about its action

AI bot performed insider trading and lied about its action, per BI. A recent study conducted by Apollo Research, an AI safety firm, has highlighted the rapid potential for technology to be manipulated for illegal purposes while deceiving those involved into believing it has committed no wrongdoing. During a demonstration

China claims it has a plan to mass produce humanoid robots that can 'reshape the world' within two years

China claims it has a plan to mass produce humanoid robots that can 'reshape the world' within two years, per BI. The Ministry of Industry and Information Technology (MIIT) in Beijing, responsible for overseeing China's industrial sector, recently released a set of guidelines outlining its ambitions