For Gen Z, 8.31% of credit-card debt have transitioned to serious delinquency — which means 90 days or more past due — between January and March of this year, up from 5.12% over the prior year period, per the Fed.
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2.3 million Americans ditched pay TV services in the first quarter, per MW.
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Finance leaders of the Group of Seven rich nations warned of heightening global economic uncertainty this weekend.
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Good morning to everyone, but especially those who print: https://twitter.com/unusual_whales/status/1657732745198698496
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JUST IN: Title 42, which allowed immediately allowed expelling of migrants without providing asylum hearings, has expired, per Reuters.
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The SEC is investigating First Republic Bank executives for insider trading.
They could just follow Unusual Whales to see the sales.
Insiders only sold this year.
Insiders sold Jan 17, 19, 20, Feb 3, Feb 17, Feb 22 & Mar 6.
James Herbert, the founder, sold $4.5 million YTD.
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$COIN, Coinbase, Earnings:
- Revenue: $722.5 Million, estimated $653.8 million
- Trading volume $145 billion vs estimated $147.35 billion
Link: https://unusualwhales.com/news
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Since March, these banks collapsed:
- First Republic, $FRC, 14th largest bank
- Silicon Valley Bank, 16th largest
- Silvergate, 147th
- Signature, 29th largest
- Credit Suisse $CS, 45th world bank
- Now $PACW (59th) is trying to sale
Today Powell said US banking is strong.
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BREAKING: AOC and Matt Gaetz have introduced a bill to ban Congress members from owning, trading stocks
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73% of millennials are living paycheck-to-paycheck in March, per Bloomberg.
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Nearly half of Americans say it’s unlikely they’ll buy an electric vehicle as their next car, per CNBC.
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Bankers working with First Republic, $FRC, say they expect eventual government receivership, per FOX.
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According to $META's April 14th Proxy 2023 statement, numerous senior executives got large bonuses despite slashing bonuses for employees and layoff thousands of workers.
Numerous executive bonuses were given due to significant cost cutting.
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In marriages where the husband outearns their wife, the husband had a median salary $96,000.
In marriages where the wife was the primary the wife would take home a median of $88,000 compared to the $30,000 of their husbands.
Link to story: https://unusualwhales.com/news/women
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Technically, $PEPE is up 1,100,000% since it's launch on Sunday.
This is all happening while interest rates determined by the Fed are at recent all time highs.
More on $PEPE here: https://unusualwhales.com/news/pepe-coin-rallies-1-000-000-percent
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From the White House right now:
Primacy of US Dollar as the World's reserve currency is underpinned by fundamentals
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""The cycle of rapid rate hikes will stop without inflation being back on track to return fully to 2% targets, in our view. We think we are going to be living with inflation," per BlackRock, $BLK.
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GameStop, $GME, opened an innovative flagship store in Milan today.
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Zillow's, $Z, chief economist says long-term strategies designed to generate cash flow are an investor's best bet right now, per BI.
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Nearly half of business meetings could disappear without any negative impact to a business, according to a survey of more than 10,000 desk workers by Future Forum.
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