unusual_whales

U.S. homes are now the least affordable on record. You now need over $120,000 in income to afford a median-priced home, per the Atlanta Fed, more than the typical household earns. 30-year mortgage rates hit 7.24% in mid-September. The monthly payment on a $500,000 loan has jumped about $400, to roughly $3,400. Home sales have plunged to a 31-year low. U.S. homes have become the least affordable on record, according to data from the Federal Reserve Bank of Atlanta. Read more: https://t.co/8VLSZ9KhaK

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More than 1 in 3 Americans can't name all 3 branches of the government, per Axios: https://t.co/76XbE42ZUb More than one in three U.S. adults cannot name all three branches of the federal government, according to a new civics survey reported by Axios. Read more: https://t.co/ph1QY6R3cq

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Now this is unusual. Verizon, $VZ, had one of its worst days since 2002. But did someone know about the incoming SpaceX, $SPCX, news? Take a look. https://t.co/NI0V1NzAZA

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BREAKING: Anthropic's Claude AI fabricated eyewitness accounts, and submitted false murder tip to police website, per FOX

BREAKING: Kamala Harris’s husband has privately told people he would prefer she doesn’t run for president again, per WSJ

Trump has thanked Vladimir Putin for providing "the American and global marketplace" with '300,000 tons of diesel'.

BREAKING: Trump personally authorized the planned livestream of the execution of convicted mass murderer Nidal Hasan, who was sentenced to death for the 2009 Fort Hood shooting, per BBC

The Federal Reserve said income inequality fell over the last three years for most Americans, but the change did little to narrow persistent wealth disparities

"Man named Hitler Mussolini elected mayor in Peru," per BBC

McDonald’s has been sued over AI-powered menu price-fixing, per USA Today

Families are more likely to be behind on their financial obligations than at any point since 2010, per WSJ The share of families reporting being behind on loan payments has jumped from 12% in 2022 to 20%.

Democrats are on track to pick up as many as 19 House seats in next month’s election, enough to secure the party a strong majority, per Bloomberg

It’s now more expensive to hire a tanker from the US to China than to launch a rocket into space, per Bloomberg That journey costs about $80 million, compared with $74 million for a standard SpaceX Falcon 9 launch, shipbroker Gibson said this week. Read more: https://t.co/Rwo6Wk68mF

BREAKING: The US president said he reached a deal with Vladimir Putin for Russia to release up to 4.8 million tonnes of diesel on to the global marketplace, per FT The new so-called general license means U.S. sanctions will not apply until April 2027 on deliveries of Russian diesel that has been loaded onto tankers as of Friday. Read more: https://t.co/VdpVVokPYm

NEWS: Australian AI data center operator Firmus, which is backed by Nvidia, has withdrawn its planned mega initial public offering, per CNBC

Russia will supply Diesel fuel to America: https://t.co/meRaV8A365 I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, Trump said. Read more: https://t.co/md0tbsUoW8

JUST IN: The amount of money investors are borrowing from their brokerage firms to purchase securities has climbed to record levels, per CNBC

NYU math professor Tristan Buckmaster says OpenAI’s Tuesday drop of 722 AI-generated math papers has "destroyed the careers of early career mathematicians.” OpenAI uploaded 722 preprints to a GitHub repository on October 6, each claiming progress on an open math problem. Read more: https://t.co/EHejlrQfoD

BREAKING: The ability of U.S. families to stay current on their debts worsened over the past three years, hitting levels not seen since the aftermath of the global financial crisis, per CNBC

Texas Democratic Senate candidate James Talarico has been off the campaign trail for 13 days while reportedly battling the flu, per NBC. Talarico hasn’t appeared at an in-person event in Texas since September 26.

BREAKING: AI companies are privately predicting a catastrophic AI-driven event is highly possible within the next 6 to 12 months, per YF Axios reports that many AI insiders believe a major AI-related incident could happen within the next six to 12 months. Read more: https://t.co/2OrwsVV6CL

Wow. Verizon, $VZ, is having one of its worst days since 2002. Why? SpaceX just landed a nationwide low-band spectrum deal, a major step toward turning Starlink into a full mobile carrier. Verizon has lost roughly $18 billion in market value today. https://t.co/HMBfyEmCc1 T-Mobile US slid 13.2% to its lowest level in over 33 months, AT&T dropped and Verizon lost about 10%, both stocks hitting their lowest in over two months. Read more: https://t.co/XK1r2KD83j

Robinhood’s, $HOOD, margin book grew to a record $21.6 billion in the second quarter, up 127% year over year and a 332% increase from the $5 billion seen in Q2 2024, per CNBC

Trump has created a commission to evaluate the mortgage fraud allegations made against Fed Governor Lisa Cook and has scheduled an in-person hearing at the White House on Nov. 5.

Trump has said that people who use the term Artificial Intelligence, instead of Super Intelligence, are "THE ENEMY"

Trucking industry hit by string of bankruptcy filings as diesel costs surge, per FOX Sixteen trucking businesses nationwide sought bankruptcy protection in the last month of summer as the industry grappled with higher diesel prices and rising operating costs. Read more: https://t.co/cMxz2HFAxE