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Financeflux

Goldman Sachs Predicts Federal Reserve Timeline for Slashing Interest Rates by 0.25% per Quarter: Report

Economists at the banking giant Goldman Sachs think the U.S. Federal Reserve will begin lowering its benchmark interest rate in…

August 16, 2023

US Deficit Surpasses $1,600,000,000,000 As Larry Summers Warns America on Unsustainable Fiscal Trajectory

Former US Treasury Secretary Larry Summers says America is walking a precarious path as the nation's budget deficit reaches $1.613…

August 14, 2023

Wells Fargo and 10 Firms Face $549,000,000 Fine Over Illegal Use of WhatsApp, Signal and iMessage

US regulators just hit Wells Fargo and 10 additional firms with a half-billion dollar fine for a widespread record-keeping failure.…

August 12, 2023

$99,000,000,000 Withdrawal Goes Viral As JPMorgan Chase Accused of Initiating Massive Transaction and Freezing Bank Account

An apparent banking blunder is going viral after a Reddit user reported a truly massive withdrawal from his JPMorgan Chase…

August 12, 2023

$54,900,000,000 Added To US Debt in Five Days As UN Issues ‘Grave Warning’ on Global Balance Sheets

The total amount of outstanding US debt just hit a new record high. New numbers from the government’s FiscalData system…

August 12, 2023

US Banks Facing ‘Significant Risk’ of Deposit Flight As Profit Margins Narrow, Warns Top Ratings Agency

The credit ratings agency Moody's just issued a fresh warning on the US banking system. In new research note, Moody's…

August 11, 2023

Bank Accounts Filled With Cash Are Opening Without Consent At One of America’s Largest Banks: Report

Dozens of people say unauthorized accounts in their name are being opened at one of America's largest banks – with…

August 11, 2023

JPMorgan Owes $3,000,000,000 To US Government After Banking Crisis Drains Emergency Fund: Report

America's biggest banks are preparing to pay billions of dollars to the Federal Deposit Insurance Corporation to replenish an insurance…

August 10, 2023

US Should Brace for Crash Landing After Credit Rating Downgrade, Says Robert Kiyosaki

Best-selling author Robert Kiyosaki says the US economy is about to witness major turbulence after Fitch downgraded the United States'…

August 9, 2023

Billionaire Chamath Palihapitya Calls Fitch Downgrade of US Credit Rating ‘Irrelevant’ – Here’s Why

Billionaire venture capitalist Chamath Palihapitiya says that the latest downgrade of the country's credit rating is not a cause for…

August 6, 2023