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Financeflux

$1,760,000,000,000 in Americans’ Savings Burned Since 2020 As Credit Card Debt Hits All-Time High

Americans have burned through a staggering $1.76 trillion in savings since 2020, according to new consumer data. Stats from the…

July 4, 2023

A US bank pays $9,000,000 fine for allegedly forcing customers to endure illegal credit card and billing practices

One of the largest banks in the US will pay a $9 million fine for allegedly forcing its customers to…

July 4, 2023

US National Debt To Shatter $143,000,000,000,000, Quadrupling in Three Decades: Congressional Budget Office

A federal agency that provides financial and economic data to the US Congress is projecting that the country's national debt…

July 4, 2023

Fed Economists Warn Large Economic Shockwave Likely, With ‘High Share’ of Companies Now in Financial Distress

The Federal Reserve just issued a fresh warning on the state of the US economy. A research note published by…

July 3, 2023

New Measures for Wealth Confiscation, Property Seizure and Freezing of ‘Unexplained’ Assets Passes European Council

Members of the Council of the European Union have agreed on sweeping new measures for the freezing and confiscation of…

July 3, 2023

Four US Banking Giants Now Have $205,000,000,000 in Unrealized Losses Sitting on Balance Sheets: Report

The four largest banks in the US now have a total of $205 billion in unrealized losses on their balance…

July 3, 2023

130 Countries Race Toward CBDC System, With Most Already in ‘Advanced Phases’: Research

The majority of countries are now accelerating toward building their central bank digital currency (CBDC) systems, and most of them…

July 3, 2023

Regional US Banks Have ‘Surprisingly Large’ Exposure to Troubled $2,900,000,000,000 Office Loan Sector: Jerome Powell

Federal Reserve Chair Jay Powell says his agency is paying close attention to financial institutions that are heavily exposed to…

July 2, 2023

$46,950,000,000 Enters US Banking System in One Week As Banks Deploy ‘Expensive Fix’ For Deposit Flight

Nearly $47 billion has entered the US banking system in just one week as banks deploy new strategies to bring…

July 2, 2023

US Dollar’s Status As Global Reserve Currency at Risk As America Hurtles Towards Debt Crisis: Paul Ryan

Former House Speaker Paul Ryan says the US dollar's position as the world's reserve currency is in jeopardy as the…

July 1, 2023