Unusual Whales

S&P Global, one of the largest independent credit rating firms in the world, has dropped ESG scores from its debt ratings

S&P Global has opted to discontinue the practice of assigning numerical scores to corporate borrowers based on their ESG (Environmental, Social, and Governance) criteria. This decision reflects a growing sense of uncertainty regarding the usefulness and relevance of such ratings. Until now, the debt rating agency had been

Biden has said: We have the lowest rate of inflation among the G7, down two thirds from its peak. Note: this is actually not true. According to a report released on July 4, 2023, Japan had the lowest inflation rate among the G7 countries

Here is the full OECD breakdown: Year-on-year inflation in the OECD, as measured by the Consumer Price Index (CPI), dropped to 6.5% in May 2023, down from 7.4% in April 2023 toreach its lowest level since December 2021 (Figures 1 and 3). Between April and May 2023, inflation

A ticket sold in Florida has won the $1.58 billion Mega Millions jackpot

In Florida, luck smiled upon an individual who clinched a massive $1.58 billion Mega Millions jackpot on Tuesday night, putting an end to a prolonged period of lottery disappointments that had persisted for almost four months. The winning combination drawn consisted of the numbers 13, 19, 20, 32, 33,

The average Philadelphian makes enough money to afford to spend a little over $1,300 on monthly rent. The average rent in Philadelphia is $1,995.

Tenants seeking relief from rising rents may have to wait longer as rent prices have been steadily increasing. According to a report from Rent.com, rent prices have been on the rise for the fourth consecutive month since hitting a low point in February. From May to June, rent prices

China is looking to limit children to two hours a day on their phones

In recent years, China has taken several measures to regulate various aspects of children's online activities. After initially cracking down on video games and limiting livestreaming by children, the country's internet regulator has now proposed new regulations aimed at reducing children's smartphone usage. Under

Foxconn founder Terry Gou said the US stock market would crash in 10 seconds if war were to break out over Taiwan

The founder of a crucial Apple supplier issued a warning about the potential catastrophic impact on Wall Street in the event of a war breaking out in Taiwan. In a Facebook post on Wednesday, Taiwanese billionaire Terry Gou stated, as translated by Insider, that "If a war breaks out

JPMorgan, $JPM, does not expect a US recession this year anymore.

JPM's half year outlook looks like this, published in July 11th. They have now reverted their recession calls: Global inflation looks set to cool but will likely remain above comfort levels at 3%. * With persistently high inflation, further tightening is likely to occur. * A synchronized global recession may

Mark Zuck of $META is apparently eating 4,000 calories a day, including McDonald's Quarter Pounders, apple pies, and McFlurrys

The CEO of Meta has disclosed that he is consuming a substantial daily intake of 4,000 calories as part of his fitness regimen, which includes a diet featuring McDonald's offerings. This unconventional approach is an attempt to balance the heightened physical activity he is engaging in as

Taylor Swift is paying out $55 million in bonuses to her Eras Tour crew.

Taylor Swift's Eras concert tour continues to captivate and thrill her devoted fans all over the United States. As Swift graces the stage each night, entertaining thousands of enthusiastic admirers, it's important to recognize the vast ensemble of individuals working tirelessly behind the scenes to ensure

Pornhub has blocked all users in Arkansas from the site after the state’s new age verification law went into effect.

In response to a new law in Arkansas mandating age verification for users, the most popular pornographic website in the country has taken the step of blocking access to its content for IP addresses originating from Arkansas. Visitors from Arkansas attempting to access Pornhub are presented with a solitary webpage

Elon Musk has added "No work is being done on this to the best of my knowledge" regarding a stock trading app on X/Twitter

Despite Semafor articles claiming that stock trading was coming to Twitter/X, Elon Musk has denied the claim, stating No work is being done on this to the best of my knowledge. We will report more on the story when we learn more.

Two weeks ago, Goldman Sachs, $GS, reported its worst earnings in years, including a 58% drop in profit.

Goldman Sachs reported a significant decline in its profits on Wednesday, attributed to a downturn in dealmaking and trading activities, which are integral to the core operations of the mega bank. Additionally, the institution faced a considerable setback with an almost $1 billion devaluation of its consumer and real estate

The US bond market is on the verge of a major breakdown - and that will send mortgage rates to levels unseen since 2000 and fuel more banking trouble, Peter Schiff

A looming crisis in the US bond market, capable of triggering a cascade of consequences, is being highlighted by an expert. Peter Schiff, the CEO and chief economist at Euro Pacific Asset Management, has sounded an alarm about the potential meltdown of Treasuries. This comes in the wake of 10-year

Resumes including ‘they/them’ pronouns are more likely to be overlooked

A recent report by Business.com, a platform dedicated to business resources, reveals that more than 80% of individuals identifying as nonbinary express concerns that their nonbinary status could have a negative impact on their job search. Furthermore, 51% of respondents believe that their gender identity has had a somewhat

340 U.S. firms filed for bankruptcy in the first half of 2023, setting a new 13-year high

In the first half of 2023, there was a significant increase of 68% in U.S. Chapter 11 bankruptcy filings compared to the previous year, according to Epiq Bankruptcy, a provider of data on U.S. bankruptcy filings. Several well-known entities like SVB Financial Group, Envision Healthcare Corp,  Party City

The SEC asked Coinbase, $COIN, to halt trading in all cryptocurrencies other than bitcoin before launching legal action against the Nasdaq-listed company last month for failing to register as a broker

Per excellent reporting by FT Before suing Coinbase, the US Securities and Exchange Commission (SEC) requested the exchange to suspend trading in all cryptocurrencies except for bitcoin, signaling the agency's intent to assert regulatory authority over a wider portion of the market. Brian Armstrong, the CEO of Coinbase,

One of President Biden’s dogs, Commander, has bitten several Secret Service agents, and even sent one to the hospital, in a series of at least 10 incidents of “aggressive behavior”

Recently obtained internal emails from a conservative watchdog group shed light on a concerning series of incidents involving President Biden's dog, Commander. The nearly 2-year-old German shepherd has reportedly displayed "aggressive behavior," resulting in several bites to Secret Service agents. Over a span of at least

Bank of Japan shocks financial markets by adjusting its yield curve control program

The Bank of Japan (BOJ) has decided to make adjustments to its yield curve control program, which has been a subject of controversy. The program's rigid structure is being eased, allowing long-term yields to rise above its previous 0.5 percent ceiling. As part of this move, the

Apple co-founder Steve Wozniak said that he recommends most people get off Facebook

Apple co-founder Steve Wozniak has expressed his belief that most people should consider removing themselves from the social media giant, Facebook. He offered advice to the rival company, suggesting that while some may find the benefits of Facebook worth the trade-off in privacy, many others, including himself, should find a

BREAKING: US announces $345 million in military aid for Taiwan.

The Biden administration announced a significant military aid package for Taiwan, amounting to $345 million. This marks the first major package under the current administration that draws from America's own stockpiles to support Taiwan in countering China. The aid package will include defense resources, education, and training for

At least 12 million workers in the US will need to change occupations by the end of 2030 due to automation and AI

During the pandemic from 2019 to 2022, the US labor market experienced a significant shift with 8.6 million occupational transitions, a 50 percent increase compared to the previous three-year period. Many individuals moved away from occupations in food services, in-person sales, and office support, seeking opportunities in different fields.

Twitter/X has hit an all time monthly users for 2023 at 541,562,214

Elon Musk recently celebrated the success of his rebranded social media site, X, which has achieved its highest user numbers to date. This announcement comes at a time when rival Mark Zuckerberg is facing challenges in maintaining interest in his "Twitter-killer" app. Last fall, Musk acquired the app,

The average 30-year mortgage rate in the US has hit 7.12%

Mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.12%, the highest since last month. This increase is partly due to the rise in the yield on the 10-year Treasury, driven by a robust employment report from ADP. Federal Reserve Chairman Jerome Powell'

Forty-five Democrats this week voted down an amendment to establish a new office to audit US military assistance for Ukraine as part of a provision in the annual defense spending bill

On Wednesday night, Senate Democrats joined forces to oppose the inclusion of a new office responsible for auditing US military assistance to Ukraine. The proposed Office of the Lead Inspector General for Ukraine Assistance was part of an amendment to the fiscal year 2024 National Defense Authorization Act (NDAA) within

The IRS is officially ending its decades-old policy of making unannounced home and business visits

The Internal Revenue Service (IRS) recently announced a significant reduction in unannounced visits to homes and businesses, citing safety concerns for its officers and the risk of scammers posing as agency employees. Traditionally, these door visits were conducted to collect unpaid taxes and unfiled tax returns. However, effective immediately, such