Get the scoop on finance - sign up for mobile alerts

Futuremash

De-Dollarization Now Evident As Central Banks US Dollar Reserves Drop to Record Lows: JPMorgan

Financial behemoth JPMorgan says the trend of de-dollarization is gaining steam as central banks around the world unload their US…

June 7, 2023

China and India Could Hasten US Dollar Demise, Says Former Goldman Sachs Chairman

Two of the world's biggest economies have the potential to dislodge the US dollar's world reserve currency status, according to…

June 6, 2023

‘Institutions Have Entered the Chat’ As CFTC Approves Chicago Board Options Exchange for Leveraged Crypto Products

The Commodity Futures Trading Commission (CFTC) has approved leveraged crypto derivatives products for the Chicago Board Options Exchange (CBOE). According…

June 6, 2023

US Debt Likely To Skyrocket to $50,000,000,000,000, Says deVere Group CEO Nigel Green

The CEO of financial advisory firm deVere Group, Nigel Green, warns that US debt is likely to meteorically rise as…

June 6, 2023

US Will ‘Substantially’ Increase Taxes To Close $1,400,000,000,000 Budget Deficit, Says Ex-Treasury Secretary

The US government will impose "substantial" tax increases on its citizens to try and fix its $1.4 trillion deficit, according…

June 5, 2023

JPMorgan Launches Pilot Program for Blockchain Settlement System With Six Banks From India: Report

JPMorgan Chase & Co. is partnering with six Indian banks to launch a blockchain-based platform for settling interbank dollar transactions…

June 5, 2023

A Quarter of Global Central Banks Plan To Increase Gold Reserves As They Grow More Pessimistic on US Dollar: Report

New data shows nearly a quarter of all central banks are looking to hedge against the US dollar by accumulating…

June 4, 2023

$86,580,000,000 Enters US Banking System in One Week As Deposit Flight Reverses

New weekly numbers on US deposits are in, showing Americans are now increasing the amount of cash they're holding in…

June 4, 2023

US Banking System Will Lose Massive Chunks of Wealth From American Businesses Seeking Yield: Arthur Hayes

BitMEX founder Arthur Hayes says that US banks are about to take another hit, this time from businesses looking to…

June 4, 2023

US Dollar To Remain the Anchor Currency for Central Banks, Says Billionaire Chamath Palihapitiya

Billionaire Chamath Palihapitiya remains firm in his belief that the US dollar will continue to reign as the world's reserve…

June 4, 2023