Unusual Whales

Evergrande stock has fallen 87% after reopening on Hong Kong exchange.

China Evergrande Group tumbled by up to 87% in Hong Kong trading after a 17-month suspension, plummeting to penny stock status, as the heavily indebted developer revealed further losses and postponed creditor meetings. As of the midday pause on Monday, the company's value shrank to HK$0.

Donald Trump has raised $7.1 million since he was booked at Atlanta jail

Former President Donald Trump has amassed almost $20 million in the past three weeks, a timeframe that aligns with his indictment in federal and state cases linked to his allegations of election fraud, according to his campaign spokesperson on Saturday. Within this period, including after the release of his mug

China has cut tax on stock trading for the first time since 2008 to boost market confidence

China has taken steps to boost investor confidence in its economy, including cutting a tax on stock trading for the first time since 2008. This move comes as foreign investors have been selling off Chinese stocks due to concerns about the country's economic prospects. The stamp duty on

Evergrande posted a combined net loss of $81 billion for 2021 and 2022 in a long-overdue earnings report last month, having posted an 8.1 billion yuan profit in 2020.

China Evergrande Group, the heavily indebted property developer, has reported a narrower net loss for the first half of the year due to an increase in revenue. The company posted a loss of 33 billion yuan ($4.53 billion) for the first six months of the year, compared to a

JPMorgan's, $JPM, Jamie Dimon says "I'm sorry" we "banked with Epstein."

Jaime Dimon said that he is sorry for banking with Epstein, after JPM settled with the US government on these charges. A US judge has granted preliminary approval to JPMorgan Chase's $290 million settlement with women who accused Jeffrey Epstein of abusing them and claimed that the bank

“Barbie” is now the highest-grossing movie at the domestic box office this year, taking the crown away from “Super Mario Bros"

The theatrical release of Warner Bros.' movie "Barbie" has achieved a domestic box office gross of $575.4 million, with a recent earning of $2.55 million. This makes "Barbie" the highest-grossing movie for Warner Bros. in terms of domestic box office earnings, surpassing

TD Bank says it’s been receiving inquiries from regulators and law enforcement about its compliance with anti-money-laundering rules, including requests related to a DOJ investigation

Toronto-Dominion Bank has revealed that it is receiving inquiries from regulators and law enforcement agencies regarding its compliance with anti-money laundering rules. This includes requests related to an investigation by the US Department of Justice. The bank made this disclosure in its third-quarter financial results, indicating that

Power grids serving more than 70 million customers across Texas and the Midwest warned of possible blackouts this weekend

Texas officials are issuing warnings of potential rolling blackouts due to a severe heatwave that is affecting the central US. The Public Utility Commission has indicated that there is a "high potential" for declaring an energy emergency as the combination of unusually low winds and high demand from

Two school districts in eastern Kentucky have canceled in-person classes this week after a rise in illnesses including Covid-19, respiratory viruses and strep among its students and staff

Two school districts in eastern Kentucky have made the decision to cancel in-person classes due to a surge in illnesses, including Covid-19, respiratory viruses, and strep throat among students and staff. The Lee County School District, with about 900 students, reported a significant decrease in attendance due to

Biden has commented on Trump's mugshot, saying "handsome guy"

President Biden commented on former President Trump's mug shot, showing his typical candid style, during a press interaction. Trump was booked in Fulton County, Georgia, after being charged with 13 counts related to his efforts to overturn the state's 2020 election results. When asked about Trump&

56% of Americans believe the cost of higher education has gotten out of hand

Two recent polls have highlighted the significance of student debt as a pressing issue for many Americans, especially as monthly payments resume and borrowers can no longer rely on President Joe Biden's forgiveness plan, which was struck down by the Supreme Court. A Bankrate poll revealed that around

Those working from home full-time are 18% less productive than those in the office

A recent study conducted by the American nonprofit research organization, the National Bureau of Economic Research, has found that individuals who work from home might be less efficient than their counterparts working in traditional office settings. The research focused on the productivity of data-entry workers in Chennai, India, who

The 30-year mortgage rates are at an average of 7.23% this week, the highest level in over two decades, up from 7.09% last week

Rates for the most popular type of U.S. home loan have reached their highest level since 2001, as reported in Freddie Mac's weekly mortgage market survey. Specifically, the average 30-year mortgage rate climbed to 7.23% this week, marking the highest level in more than two

IRS will finally let most Americans file taxes online next year

Starting from the next tax year, a significant transition is underway for most US taxpayers as they will be able to file their taxes entirely paperless with the Internal Revenue Service (IRS). This move is part of the IRS's broader initiative to achieve total paperless processing by the

Nine in ten graduates said learning a skilled trade can create a better pathway to financial security than going to college

Amid a high demand for skilled professionals such as electricians and plumbers, a growing number of recent university graduates in the United States are questioning the value of their costly education. According to a survey conducted by Thumbtack, a platform connecting local professionals with customers seeking home services, nine out

For an existing single-family home at California’s median price of $830,620, buyers needed a minimum annual income of $208,000 to qualify for a 30-year mortgage after a 20% down payment

As interest rates rose and housing inventory remained scarce, the dream of homeownership in California moved even further out of reach for many prospective buyers. According to a report from the California Association of Realtors, only 16% of households in the state were able to meet the qualification criteria for

Goldman Sachs, $GS, Morgan Stanley, $MS, JPMorgan Chase, $JPM, and UBS have agreed to pay almost $500 million to settle a long-running lawsuit alleging they violated antitrust laws by blocking efforts to modernise the stock lending market.

Goldman Sachs, JPMorgan Chase, Morgan Stanley, and UBS have collectively agreed to pay $499 million to resolve an antitrust lawsuit lodged by investors. The lawsuit alleged that these financial institutions colluded to suppress competition within the stock lending market. The settlement, disclosed in a filing at a Manhattan federal court,

China is suspending seafood imports from Japan after the release of treated wastewater from the wrecked Fukushima nuclear power plant

Following the commencement of treated radioactive water discharge from the tsunami-damaged Fukushima Daiichi nuclear power plant into the Pacific Ocean, a cascade of consequences has ensued, including a swift ban on Japanese seafood imports by China. This action has ignited protests both within and outside of Japan, with concerns

Vivek Ramaswamy says to Nikki Haley during the GOP debate that she will do well for her future on the “board of Lockheed and Raytheon."

During the initial GOP primary debate held on Wednesday night, Nikki Haley vehemently defended the United States' provision of aid to Ukraine – a stance that differs from the perspective of Vivek Ramaswamy, who believes such aid should not be a primary concern. Speaking in Milwaukee, Haley passionately stated, "

Zillow is offering 1% down payment to lure struggling homebuyers

Zillow Group Inc. has introduced a mortgage program featuring a remarkably low 1% down payment in an effort to attract potential homebuyers who are struggling in one of the most unaffordable housing markets in nearly forty years. Zillow's 1% down payment offering stands below even Freddie Mac'

Amazon, $AMZN, illegally called the police on employees, restricted discussions about organizing and terminated an activist in the lead-up to a vote on unionization near Albany, New York, the US National Labor Relations Board has alleged

Amazon.com Inc. is facing allegations of engaging in illegal activities related to employee unionization efforts. According to a complaint filed by the National Labor Relations Board (NLRB), Amazon unlawfully called the police on its employees, imposed restrictions on discussions about organizing, and terminated an activist in the lead-up

56% more people moved into Florida this year than moved out

The surge of people from the Northeast seeking warmth and more affordable living conditions catapulted Florida's housing market into a frenzy during the pandemic. However, this intense demand is now showing signs of slowing down. After experiencing almost a 50% increase in the past three years, single-family

The S&P 500 could triple to 14,000 by 2034 as secular bull market cycle takes hold

The stock market has demonstrated a remarkable surge of close to 20% in the ongoing year. This upward momentum might be a part of a broader secular bull market cycle that could propel the S&P 500 to reach 14,000 points by the year 2034. This assessment comes

The S&P 500 risks a 64% collapse given extreme valuations and "unfavourable market internals"

In the year 2023, US stocks have experienced a remarkable surge, attributed to factors such as moderating inflation, waning concerns about a recession, and the buzz surrounding artificial intelligence. However, this optimistic trajectory might not be sustainable, as indicated by John Hussman. John Hussman, a veteran bear on the stock

Wagner leader Yevgeny Prigozhin has reportedly been killed in a plane crash in Russia

Russian authorities have disclosed that Yevgeny Prigozhin, along with nine others, was listed as a passenger on the flight involved in a crash between Moscow and St Petersburg. However, it remains uncertain whether Prigozhin was on board during the crash. The tragic incident took place when a business jet, en