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Financeflux

Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility

The Japanese yen just tapped its worst level against the US dollar in more than three decades, reportedly triggering emergency…

April 29, 2024

Billion-Dollar Bank Paying $700,000 Penalty for Illegally Freezing Accounts, Transferring Customers’ Cash to Debt Collectors

New York's Attorney General is penalizing a national bank for freezing its customers' accounts and handing the funds over to…

April 29, 2024

JPMorgan Chase CEO Warns Multiple Headwinds Threaten US Economy, Urges Investors To Avoid ‘False Sense of Security’

JPMorgan chief executive Jamie Dimon is warning against becoming complacent as he believes it is within the realm of possibility…

April 29, 2024

Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information

A US bank is facing a proposed class action lawsuit for allegedly failing to protect its customers' sensitive personal information…

April 28, 2024

US National Debt Surges $273,859,000,000 in Two Months As Billionaire Leon Cooperman Warns Nation Heading Toward Financial Crisis

The US government's balance sheet continues to expand at a scorching pace, with more than a quarter of a trillion…

April 28, 2024

JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report

The two largest banks in the US are declaring a loss on $4.5 billion in debts that customers are unable…

April 27, 2024

$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6…

April 26, 2024

$90,000,000,000,000 Transfer of Wealth To Gen Z and Millennials Is ‘Tempting Target’ for Governments Amid Soaring Debt: Report

A multi-trillion dollar transfer of wealth from baby boomers to their brethren has become a "tempting target" for taxation, according…

April 26, 2024

China Dumps $74,000,000,000 in US Treasuries in One Year As Two BRICS Nations Say They’ve Abandoned Dollar in Mutual Trade

China has sold more than $74 billion in US Treasuries in the last year, according to new numbers from the…

April 26, 2024

$2,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment

After three years of planning, a US city is reportedly a few months away from kicking off a family-focused guaranteed…

April 26, 2024