Unusual Whales

S&P 500 officially enters new bullmarket territory

Stocks concluded the day with gains, leading to the S&P 500 entering a bull market on Thursday. This occurred as investors absorbed new economic data in anticipation of the upcoming Federal Reserve meeting and observed changes in leadership at GameStop. The S&P 500 experienced a 0.

New home buyers are facing the least affordable market ever

According to data provided by the Mortgage Bankers Association, Americans who are searching for a new place to live are encountering the most unaffordable housing market ever witnessed. The Purchase Applications Payment Index (PAPI) of the association rose by 0.5% in April, reaching an all-time high of 172.3.

The SEC Chair Gary Gensler reportedly offered to serve as an advisor to Binance, as per Binance’s lawyers

According to the lawyers representing Binance and its founder Changpeng Zhao, SEC Chair Gary Gensler, who is currently engaged in a strong crackdown on crypto companies, offered to serve as an advisor to Binance's parent company in 2019. Documents filed by the SEC on Wednesday reveal that attorneys

GameStop announces election of Ryan Cohen as Executive chairman

GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today disclosed that its Board of Directors has elected Ryan Cohen as Executive Chairman, effective immediately. Mr. Cohen’s responsibilities include capital allocation and overseeing management. In conjunction, the Company’s former CEO has been terminated.

Owner of San Francisco's largest hotel, the Hilton Union Square, has opted to cease payments on a $725 million loan, thus SF losing 2900 hotel rooms.

San Francisco's downtown area has suffered another setback as a major investor in one of its largest hotels announced it would cease loan payments. Park Hotels and Resorts, the investment company that owns the Hilton San Francisco Union Square and Parc 55 hotels, declared on Monday that it

China’s exports plunge by 7.5% in May, breaking all expectations

For the first time since February, China's outbound trade experienced a downturn in May, as revealed by customs data on Wednesday. The year-on-year exports plummeted by 7.5% to a total of $283.5 billion, a figure significantly below the 0.4% decrease projected by a Reuters survey.

The California Senate approved $300 in weekly payments to immigrants on Sunday

The Senate Democrats have successfully passed Senate Bill 227, introduced by Senator María Elena Durazo (D.), with a vote of 30-7. The bill will now proceed to the Assembly for approval. If enacted, this legislation aims to provide undocumented individuals with unemployment benefits for a maximum period of 20 weeks,

New York City has sued Hyundai Motor Co, $KRW, and Kia Corp, for making cars that are "too easy to steal".

New York City has taken legal action against Hyundai Motor Co and Kia Corp, accusing the South Korean automakers of negligence and creating a public nuisance by selling vehicles that are prone to theft. The city's lawsuit joins similar legal actions filed by other major cities including Baltimore,

U.S. had intelligence of detailed Ukrainian plan to attack Nord Stream pipeline, months before it happened

According to The Washington Post, leaked information posted online reveals that the United States became aware of a Ukrainian plot to target the Nord Stream natural gas pipelines three months before the underwater explosions damaged them in September of last year. As per the report, the CIA received intelligence in

Elon is no longer the CEO of Twitter.

Linda Yaccarino, the newly appointed leader of the social media company Twitter, has assumed her role earlier than anticipated. Yaccarino, previously responsible for advertising at NBCUniversal, joined shortly after Twitter experienced the departure of its second head of trust and safety. Elon Musk had announced on May 12 that his

SEC reportedly seeks temporary restraining order to freeze Binance US assets

In an urgent move, the Securities and Exchange Commission (SEC) has filed a motion in a federal court in Washington, D.C., seeking to freeze the assets of Binance's U.S. platform and repatriate both fiat currency and cryptocurrencies held by its customers. It's important to

Lululemon, $LULU, CEO who fired employees for confronting thieves stands by decision, per NYP: ‘It’s only merchandise’

Lululemon employees face the risk of losing their jobs if they attempt to intervene and stop a thief from stealing merchandise while they are on duty. Calvin McDonald, the CEO of Lululemon, stated in an interview with CNBC that the company has a strict policy regarding how retail employees should

SEC Charges Binance and CZ

The Securities and Exchange Commission (SEC) has intensified its actions against Binance, the largest cryptocurrency exchange globally, and its founder/CEO Changpeng "CZ" Zhao. The SEC has filed 13 charges against Binance, accusing the company of deceptive practices towards customers and improper use of funds. According to the

Apple, AAPL, releases VR/AR headset

Apple introduced Vision Pro, an expensive pair of goggles, during the annual Worldwide Developers Conference (WWDC) held at its headquarters in Cupertino, Calif. The company claims that Vision Pro will unlock a whole new universe of virtual and augmented reality applications, promising magical experiences for its users. According to CEO

BIDEN, MCCARTHY HAVE REACHED A DEBT-LIMIT DEAL IN PRINCIPLE

Joe Biden and Kevin McCarthy, the Republican speaker of the House, have tentatively agreed to raise the U.S. federal government's debt ceiling of $31.4 trillion, just before the looming deadline for a potential default. McCarthy shared the news on Twitter, stating that he had recently spoken

FDA has approved the first human trial for Elon Musk's brain chip company Neuralink

On Thursday, Neuralink, Elon Musk's brain-implant company, announced that it had obtained approval from the U.S. Food and Drug Administration (FDA) to commence its first clinical study involving human participants. Elon Musk has repeatedly anticipated FDA approval for human trials for his brain-chip company since 2019. However,

The United States was put on review for a downgrade in credit by credit rating agency DBRS Morningstar

On Thursday, credit rating agency DBRS Morningstar placed the United States under review for a potential downgrade due to the ongoing debt ceiling negotiations in Washington. This move comes shortly after a similar warning from Fitch. DBRS stated that the "Under Review with Negative Implications" status reflects the

Home buyers will be able to put as little as 1% down as payment for a home under a new program launched by Rocket Mortgage

Rocket Mortgage has introduced a new initiative that enables individuals with low to moderate incomes to make a down payment as low as 1% on their desired homes. Rocket Mortgage (RKT) has launched a program called ONE+ that allows aspiring homeowners with limited financial resources to purchase homes in their

Microsoft, $MSFT, has just said chinese hackers have attacked critical US software infrastructure

Western intelligence agencies and Microsoft have revealed that a Chinese hacking group supported by the state has been engaging in espionage activities targeting various vital organizations within the United States, including telecommunications and transportation hubs. Additionally, Microsoft's report highlights that the U.S. territory of Guam, which houses

The average 30 year fixed mortgage rate in the US is now 7.01%.

Here are the current annual percentage rates (APR) for refinancing mortgages with different terms: The average APR for refinancing a 30-year fixed-rate mortgage has risen to 7.27% from yesterday's 7.25%. In comparison, the APR for a 30-year fixed-rate mortgage was 7.21% at this time last

A default could lead to an economic downturn as bad as the Great Recession, with 8 million Americans losing their jobs and the stock market’s value falling by about 45%

From whitehouse New analyses by both the Congressional Budget Office and the U.S. Department of the Treasury suggest the United States is rapidly approaching the date at which the government can no longer pay its bills, also known as the “X-date.” History is clear that even getting close to

Jeffrey Epstein threatened to expose an affair Bill Gates of $MSFT allegedly had with a Russian bridge player in 2010 when the Microsoft co-founder declined to join his philanthropic venture

Per excellent reporting by WSJ According to individuals with knowledge of the situation, Jeffrey Epstein uncovered an affair between Bill Gates and a Russian bridge player, subsequently using this information as a means to intimidate one of the wealthiest individuals globally. During approximately 2010, the co-founder of Microsoft encountered the

Bernie Sanders doubled his income last year by writing a best-selling book that condemns capitalism

According to the latest annual financial disclosures of Senator Bernie Sanders, the Vermont Independent earned $170,000 in book royalties in 2022 from his recently-published best-selling book, titled "It's OK to Be Angry About Capitalism." This amount is nearly equivalent to the annual salary of $174,

A bipartisan bill by Abigail Spanberger and Brian Fitzpatrick would block members of Congress from getting paid if the U.S. enters debt default or if the government shuts down.

Reps. Abigail Spanberger (D-Va.) and Brian Fitzpatrick (R-Pa.) are set to introduce a bipartisan bill on Thursday called the No Pay for Congress During Default or Shutdown Act. This legislation aims to prohibit members of Congress from receiving their salaries in the event of a U.S. debt default or

$DIS, Disney, is closing its Star Wars Themed Hotel.

Disney has made the surprising decision to permanently close its Galactic Starcruiser hotel, just 15 months after its initial grand opening. The immersive hotel experience, set in the Star Wars universe, allowed guests to embark on a three-day, two-night voyage aboard the luxurious starcruiser named The Halcyon. However, Disney recently