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#economics

877 posts278 participants6 posts today
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unusual_whales

WeightWatchers' stock, which traded as high as $100 in 2018, lost most of its value last year as the company faced revenue declines.

Read more: t.co/BvGQLq47At

Unusual Whales - News · WeightWatchers prepares to file for bankruptcyWW International (WW.O), better known as WeightWatchers, is preparing to file for bankruptcy in the coming months as part of a plan to hand over control of the company to its creditors, according to a report from The Wall Street Journal on Wednesday, citing people familiar with the matter. Shares of the company plunged nearly 59% in afternoon trading, falling to just 18 cents. The weight management firm has struggled to remain relevant as demand has surged for new, highly effective weight-loss
#news#finance#economics
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unusual_whales

“Normally, when you see big tariff increases, I would have expected the dollar to go up," he said.

Read more: t.co/sLwSfJuZk5

Unusual Whales - News · Fed's Kashkari says rising bond yields, falling dollar show investors are moving on from the USMinneapolis Federal Reserve President Neel Kashkari said Friday that recent market movements suggest investors are beginning to turn away from the U.S. as the world’s safest investment destination, as President Donald Trump’s escalating trade war fuels uncertainty. Speaking on CNBC’s Squawk Box, Kashkari pointed to the rising Treasury yields and a weakening U.S. dollar—trends that, he said, go against typical market responses during heightened tariff tensions. “Normally, when you see big tarif
#news#finance#economics
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unusual_whales

Lawmakers have regularly introduced bills to make daylight saving time permanent, but the legislation has struggled to make it through both chambers of Congress.

Read more: t.co/Qro8nuGxtI

Unusual Whales - News · Trump calls for an end to Daylight Savings TimePresident Donald Trump on Friday renewed his push to end the practice of changing clocks for daylight saving time, just a month after he remarked that public opinion on the issue was too evenly split to take action. “The House and Senate should push hard for more Daylight at the end of a day. Very popular and, most importantly, no more changing of the clocks, a big inconvenience and, for our government, A VERY COSTLY EVENT!!!” Trump wrote on Truth Social. Although lawmakers have repeatedly int
#news#finance#economics
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unusual_whales

“We need Greenland for national security and even international security, and we’re working with everybody involved to try and get it,” Trump said

Read more: t.co/2Z815sjTRE

Unusual Whales - News · The White House is considering using our tax dollars to give $10,000 per year to every person in GreenlandTrump’s Greenland Ambition Becomes Formal U.S. Policy as White House Advances Acquisition Plan President Donald Trump’s long-standing ambition to bring Greenland under U.S. control has moved beyond rhetoric, with the White House now pursuing a formal plan to acquire the vast Arctic island from Denmark. The initiative, which engages multiple cabinet departments, reflects Trump’s years of interest in Greenland, a territory whose economic and strategic significance has grown as climate change acc
#news#finance#economics
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unusual_whales

Lululemon also warned about 'cautious consumer' as inflation, tariff concerns take a toll.

Read more: t.co/C4NVWOqkk1

Unusual Whales - News · McDonalds, MCD, has said that “consumers are spending less due to increased concerns about inflation and the economy"Lululemon (LULU) shares dropped 15% in afternoon trading after CEO Calvin McDonald warned that consumers are beginning to spend less due to growing concerns about the U.S. economy. “The dynamic macro environment has contributed to a more cautious consumer,” McDonald told investors during a Thursday evening earnings call. “Consumers are spending less due to increased concerns about inflation and the economy,” he said, noting that the shift has led to slower foot traffic both for Lululemon and ac
#news#finance#economics
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CBC Calgary

Calgary event centre dodges tariff bullet for now — but can't avoid U.S. purchases forever
City council’s event centre committee has officially been dissolved, leaving city administration with the substantial task of keeping the $926-million project on time and on budget — in the face of tariff whiplash.
#politics #business #construction #economics #Calgary #US
cbc.ca/news/canada/calgary/eve

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unusual_whales

A year earlier, millennials were 38% of all buyers compared to baby boomers at 31%.

Read more: t.co/QWoaAr02Na

Unusual Whales - News · Baby boomers now account for 42% of all homebuyers, while millennials accounted for 29%Baby boomers have overtaken millennials as the leading generation of homebuyers, according to a new report from the National Association of Realtors (NAR). In a notable shift, baby boomers accounted for 42% of all home purchases over the past year, while millennials made up just 29%. A year earlier, millennials led at 38% of buyers, compared to 31% for baby boomers. Despite being the largest generational group in the U.S. and entering their prime homebuying years, millennials are losing ground
#news#finance#economics
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unusual_whales

GameStop $GME has been having tons of options activity recently, after us disclosing the $31, $32, $33 call colums for May 16th yesterday.

Today's net call premiums hit a 7 day high, with an explosion into close. Net premium support at $25.

The 5000 call trader still holding.

#news#finance#economics
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unusual_whales

You wouldn't believe this, but the S&P500 $SPY $SPX actually finished UP this week, after:

- being -7% & nearly hitting a circuit breaker YESTERDAY
- being -5% on Monday
- being -6% on Tuesday
- being up 10% on Tariff pause

Here are the week's heatmaps/insanity.

#news#finance#economics
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