Financeflux

US Government Deploys ‘Magic Money Computers’ To Send Payments Out of Thin Air: Elon MuskUS Government Deploys ‘Magic Money Computers’ To Send Payments Out of Thin Air: Elon Musk

US Government Deploys ‘Magic Money Computers’ To Send Payments Out of Thin Air: Elon Musk

The US government relies on a network of computers to generate payments out of thin air, including some transactions that…

March 17, 2025
Treasury Secretary Bessent Warns Financial Crisis Narrowly Avoided, Says ‘Not Worried’ About Market CorrectionTreasury Secretary Bessent Warns Financial Crisis Narrowly Avoided, Says ‘Not Worried’ About Market Correction

Treasury Secretary Bessent Warns Financial Crisis Narrowly Avoided, Says ‘Not Worried’ About Market Correction

U.S. Treasury Secretary Scott Bessent says that the US would be going through a financial crisis if it had kept…

March 17, 2025
Goldman Sachs Mentions Crypto in Shareholder Letter, Says Tech Raising Competition in Banking IndustryGoldman Sachs Mentions Crypto in Shareholder Letter, Says Tech Raising Competition in Banking Industry

Goldman Sachs Mentions Crypto in Shareholder Letter, Says Tech Raising Competition in Banking Industry

The financial services giant Goldman Sachs is telling shareholders that its competitors are now offering crypto products and services that…

March 16, 2025
Wells Fargo Sues JPMorgan Chase Over Soured $481,000,000 Loan, Says US Bank Aware Seller Had Inflated Income: ReportWells Fargo Sues JPMorgan Chase Over Soured $481,000,000 Loan, Says US Bank Aware Seller Had Inflated Income: Report

Wells Fargo Sues JPMorgan Chase Over Soured $481,000,000 Loan, Says US Bank Aware Seller Had Inflated Income: Report

Two of the largest banks in the US are reportedly locked in a legal battle over a $481 million commercial…

March 16, 2025
JPMorgan Chase, Goldman Sachs Abruptly Raise Recession Odds As ‘Bond King’ Says Macro Setup Could Trigger Decades of US Capital Flight: ReportJPMorgan Chase, Goldman Sachs Abruptly Raise Recession Odds As ‘Bond King’ Says Macro Setup Could Trigger Decades of US Capital Flight: Report

JPMorgan Chase, Goldman Sachs Abruptly Raise Recession Odds As ‘Bond King’ Says Macro Setup Could Trigger Decades of US Capital Flight: Report

Two Wall Street giants say the US now faces a greater risk of economic contraction amid a deteriorating macroeconomic backdrop.…

March 15, 2025
Bitcoin and Stock Market Collapse As Trump Doesn’t Rule Out Recession, Says ‘I Hate To Predict Things Like That’Bitcoin and Stock Market Collapse As Trump Doesn’t Rule Out Recession, Says ‘I Hate To Predict Things Like That’

Bitcoin and Stock Market Collapse As Trump Doesn’t Rule Out Recession, Says ‘I Hate To Predict Things Like That’

Crypto and equities are plummeting on the weekly open amid President Trump's tariffs and refusal to rule out a recession…

March 10, 2025
Coinbase Plans New Hiring Spree of 1,000 Employees To Support US Operations This Year: Brian ArmstrongCoinbase Plans New Hiring Spree of 1,000 Employees To Support US Operations This Year: Brian Armstrong

Coinbase Plans New Hiring Spree of 1,000 Employees To Support US Operations This Year: Brian Armstrong

The chief executive of Coinbase says that the crypto exchange is planning to hire 1,000 new employees in the US…

March 9, 2025
$3,400,000,000,000 Market Meltdown Triggers Economic Alerts From JPMorgan Chase, Morgan Stanley and Goldman Sachs As US Banks Abruptly Change Outlook$3,400,000,000,000 Market Meltdown Triggers Economic Alerts From JPMorgan Chase, Morgan Stanley and Goldman Sachs As US Banks Abruptly Change Outlook

$3,400,000,000,000 Market Meltdown Triggers Economic Alerts From JPMorgan Chase, Morgan Stanley and Goldman Sachs As US Banks Abruptly Change Outlook

Several Wall Street banks including JPMorgan Chase are abruptly changing their forecasts for the US stock market. JPMorgan Chase's head…

March 8, 2025
JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account TerminationsJPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations

JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations

JPMorgan Chase CEO Jamie Dimon is addressing controversy over how and why some American citizens and businesses are abruptly finding…

March 1, 2025

US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

The amount of unrealized losses on American banks' balance sheets is surging. In its new Quarterly Banking Profile for the…

March 1, 2025