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Financeflux

‘Bombshell’ BRICS Payments Platform To Ditch US Dollar Gaining Support From Central Banks, Finance Ministries: Report

Central banks and finance ministries of all BRICS nations are discussing the launch of a new payments platform that would…

August 18, 2024

Goldman Sachs Raises US Recession Odds As Total Bankruptcy Filings Surge by Almost 25%: Report

Economists at Goldman Sachs are increasing the odds that the US economy will enter a period of an economic downturn…

August 18, 2024

US Credit Card Debt Soars To $1,140,000,000,000 As Bank of America CEO Issues Warning on ‘Depleting’ American Consumer

Americans are holding more household debt than ever before as one of the biggest banks in the country warns of…

August 18, 2024

Elon Musk Unveils Underlying Cause of Inflation, Says He’s Willing To Be Part of Government Efficiency Commission

Billionaire Elon Musk believes that one entity is the culprit behind the rising prices of goods and services in the…

August 18, 2024

South Korean Pension Fund Invests $32,500,000 in MicroStrategy As the US Firm Continues To Gobble Up Bitcoin

South Korea's National Pension Service now owns more than $32 million worth of MicroStrategy (MSTR) shares after investing in the…

August 17, 2024

94 US Banks at ‘Serious Risk’ of Bank Runs, Including BNY, State Street, JPMorgan Chase and Citi: Report

A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show…

August 17, 2024

$18,000,000 Allocated for ‘No Strings Attached’ Guaranteed Income Payments in Major US City

A guaranteed income program on the West Coast is preparing to hand out millions of dollars to support at-risk youth.…

August 16, 2024

JPMorgan Chase Raises Probability of Imminent US and Global Recession, Abruptly Shifts Forecast on Fed Rate Cuts

JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank's…

August 16, 2024

‘Perfect Setup’ Forming for Bitcoin As Global Liquidity Ticks Up, According to Analyst Jamie Coutts

The chief crypto analyst at Real Vision says the global money supply (M2) metric is showing a "perfect" scenario for…

August 13, 2024

$35,000,000,000,000 US Debt Is Now ‘The Biggest Short’ According to Macro Guru Luke Gromen – Here’s Why

Veteran macro investor Luke Gromen warns holders of US Treasuries that their investments will likely turn out to be unprofitable.…

August 13, 2024