Unusual Whales

Kevin McCarthy has said President Biden's alleged involvement in shell companies reportedly surrounding Hunter Biden is "rising to the level of an impeachment inquiry."

House Speaker Kevin McCarthy (R-CA) recently disclosed that the Republican-controlled House is edging closer to launching an impeachment investigation against President Joe Biden. The basis for these claims revolves around allegations that Biden received millions of dollars in bribes from foreign governments. The impetus for this movement came after Senator

Hunter Biden's gallery sold his art to a Democratic donor and Biden supporter, Elizabeth Hirsh Naftali, who Joe Biden also named to a prestigious federal government commission

During his campaign, President Joe Biden promised to create a strict separation between his official duties and his family's private business interests. The White House repeatedly emphasized this "absolute wall" when questions arose about Hunter Biden's art career. In 2021, an art gallery in

Housing has become so unaffordable that over 75% of homes on the market are too expensive for middle-income buyers

A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US housing market, where more than 75% of homes available are beyond the reach of middle-class buyers. The primary cause of this affordability crisis is the scarcity of housing supply, which has

China is secretly sending enough gear to Russia to equip an army

Customs records obtained by POLITICO reveal that Russian buyers have placed orders for hundreds of thousands of bulletproof vests and helmets manufactured by Shanghai H Win. The items listed in the documents match those found in the company's online catalog. This evidence indicates that China, despite publicly advocating

Barbenheimer' opening weekend could top $200 million

Dubbed "Barbenheimer," the simultaneous release of the highly anticipated films "Barbie" and "Oppenheimer" has sparked a cultural sensation, with moviegoers planning double-feature trips to cinemas. Erik Davis, the managing director at Fandango, describes this weekend as an instant pop culture phenomenon and the most

A record number of American renters are spending at least one-third of their income on rents

The State of the Nation's Housing 2023, a report published by Harvard's Joint Center for Housing Studies, reveals that a record number of American renters are facing significant financial burdens due to rising rents. A staggering 21.6 million households, equivalent to a substantial portion of

Property values could decline by $800 billion across nine major U.S. cities over the next seven years

According to a report by the McKinsey Global Institute, there is a forecast that office property values in nine major U.S. cities could potentially decrease by $800 billion over the next seven years. The prediction is based on a "moderate" scenario, in which the demand for office

For the first time in history this year, the rejection rate of auto loans exceeded the application rate

A recent Federal Reserve survey indicates that Americans are facing a growing likelihood of credit application rejections due to a combination of high interest rates and a cautious approach by lenders in the country. The survey reveals that the rejection rate for loan applicants surged to 21.8% during the

FTX lobbyist, Gabe Bankman-Fried, SBF’s brother, tried to buy the Pacific island of Nauru to create a new superspecies of genetically enhanced human species

According to a recent lawsuit, FTX, a crypto exchange, expressed an interest in acquiring the Pacific island nation of Nauru to construct a secure bunker in case of an apocalyptic event. The lawsuit was filed against FTX's founders, including Sam Bankman-Fried, with the exchange seeking $1 billion, alleging

New York is paying $13 million to protestors arrested during George Floyd protests, with each getting $9,950 to more than 1,300 protesters between May 28 and June 4, 2020.

Attorneys representing the plaintiffs have announced that the city of New York will pay $13 million to hundreds of individuals who were arrested during the George Floyd demonstrations in 2020. This settlement is reported to be the largest ever awarded to protesters in the United States. The protests occurred in

Twitter to subpoena Senator Elizabeth Warren over communications with U.S. agencies

In a recent court filing, Twitter revealed its intention to subpoena Senator Elizabeth Warren as part of its ongoing legal battle to terminate a consent order with the Federal Trade Commission (FTC) related to data breaches. The social media platform, under the leadership of Elon Musk, has undergone significant cost-cutting

An inquiry into the collapse of Credit Suisse, $CS, will remain closed for 50 years, per Reuters.

Credit Suisse investigation files to remain closed for 50 years triggering Swiss historian concerns A parliamentary committee document revealed that Credit Suisse's investigation files will remain closed for 50 years. Swiss historians have started to voice concerns regarding this decision despite it being made to ensure the highest

Auto loan rejection rates reach highest since 2013 according to latest NY Fed survey

Auto loan rejection rates reach highest since 2013 according to latest NY Fed survey Per Reuters A new survey by the New York Feds finds that auto loan rejection rates have reached a new high since 2013. With more application rejections, this results in more Americans struggling to get a

Bank of America’s Michael Hartnett says stocks are headed for a “big collapse”

Bank of America’s Michael Hartnett says stocks are headed for a “big collapse” Per Go Banking Rates Bank of America’s chief investment strategist, Michael Hartnett, has given his thoughts regarding the stock market, saying he sees a “big collapse” coming. He did note that the market would still

Mexico has overtaken China as America's top trading partner

This year, Mexico has taken over China's position as the leading trading partner of the United States, marking a significant change in the global economic landscape. This shift signifies a departure from the previous focus on low prices and efficiency, which often relied on fragile supply chains, to

In 2021, at a 30-year average fix rate of 2.96%, a total cost of a $400,000 mortgage would cost $604,180. At the current 7.7%, it would cost $1,027,529.

Two weeks ago, mortgage rates have surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November. 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

Bob Iger of Disney, $DIS, put roughly a third of the company up for sale this week, per Bloomberg, declaring Disney’s linear TV assets noncore. That includes TV networks ABC, FX and Freeform.

Walt Disney Company CEO Bob Iger has revealed that the company is contemplating the sale of its TV assets and is actively seeking a strategic partner for ESPN, its sports cable property. During an interview with CNBC, Iger shared that he has engaged in discussions with potential investors who may

In-N-Out bans employees from wearing masks in five states to improve customer service, show off "smiles"

In-N-Out, a popular fast food chain, has circulated a leaked memo stating that employees in five states, namely Nevada, Arizona, Utah, Texas, and Colorado, will no longer be allowed to wear masks unless they possess a medical note. The policy is scheduled to commence on August 14, with California and

Warren Buffett's wife Astrid was reportedly overheard complaining about the price of $4 cup of coffee at 'summer camp for billionaires' in Sun Valley

According to a report by the New York Post, Astrid Buffett, the wife of billionaire investor Warren Buffett, expressed dissatisfaction with the price of coffee at Allen & Co's annual event in Sun Valley, Idaho. During the event, known as the "summer camp for billionaires," 77-year-old

Chinese property developer Evergrande has posted a $81 billion loss over the past two years

Late on Monday, China Evergrande Group released its long overdue earnings report, revealing a combined loss of $81 billion. The world's most heavily indebted property developer has been grappling with numerous challenges, including unfinished projects, repayment difficulties with suppliers and lenders. To address its financial troubles, Evergrande initiated

Millions of emails intended for Pentagon employees were inadvertently sent to email accounts in Mali over the last decade

Over the past ten years, a Dutch technologist discovered that millions of emails meant for Pentagon employees were mistakenly sent to Mali due to typos. The similarity between the US military's email address and Mali's domain caused the confusion. Consequently, sensitive information such as hotel reservations

Treasury Secretary Janet Yellen reportedly dined on psychedelic mushrooms in China

According to Chinese state media, Janet Yellen, aged 76, consumed four servings of jian shou qing, a type of wild mushroom, at a casual restaurant in Beijing shortly after her arrival on July 6. The media coverage was quite enthusiastic and even praised Yellen's chopstick skills. However, these

Secret Services ends White House cocaine investigation with no leads

The identity of the individual responsible for bringing cocaine into the White House remains a mystery, as the Secret Service investigation has concluded without any conclusive evidence, according to three officials familiar with the matter. Earlier this month, a small plastic bag containing a powdered substance was discovered in a

Former Celsius CEO has officially been arrested, per CNBC. The company has also agreed to pay $4.7 billion settlement to the FTC.

According to a source, Alex Mashinsky, the former CEO of Celsius, was arrested on Thursday for federal securities fraud charges. This development occurred as the bankrupt cryptocurrency exchange agreed to a settlement of $4.7 billion with government regulators. In addition to the charges filed against the exchange by the

Ripple wins verdict that XRP is not a security, and judge also rules that institutional sales of XRP by Ripple were securities

On Tuesday, a judge made a significant ruling with potential implications for future cryptocurrency regulation. The judge determined that XRP, a crypto token, is not classified as a security, but the activities conducted by Ripple, a prominent XRP promoter, were not entirely legal. In the legal battle between Ripple Labs