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Macro strategist Luke Gromen warns that the US dollar will keep losing value amid a ballooning $36.60 trillion national debt.
In a new YouTube update, Gromen says the US, with its record-level national debt, is now forced to choose between sacrificing the bond market or letting the dollar fall to maintain financial and economic stability.
According to the macro expert, the US government will...
The brokerage firm that operates the largest US electronic trading platform by daily average revenue is reportedly leading a funding round for the crypto and stablecoin infrastructure startup Zero Hash.
Zero Hash provides the backend infrastructure that enables banks, brokerages and fintech companies offer cryptocurrencies, non-fungible tokens (NFTs) and other digital assets to their customers...
A fraudster who drained hundreds of thousands of dollars from an elderly victim’s account is now staring at the possibility of spending decades behind bars.
Cuban national Michel Duarte Suarez has pleaded guilty to one count of conspiracy to commit bank fraud and mail fraud and one count of aggravated identity theft after stealing about $803,000 from his victim’s bank account over a four-month...
The biggest bank in the US, JPMorgan, will begin charging financial technology companies for a typically free service.
JPMorgan Chase has informed fintech companies such as PayPal, Venmo and Coinbase that they will need to begin paying to access their customers’ bank account information, Bloomberg reports.
The companies use the information to make it easier for their customers to send, receive...
An associate banker at a large national bank is accused of stealing hundreds of thousands of dollars from customers in a span of just two months.
According to the Northern District of California’s U.S. Attorney’s Office, Sixto Christopher Porras allegedly stole approximately $440,000 from two retail bank customers while stationed in San Francisco.
In each of the cases, Porras managed to drain...
The chief investment officer of the crypto asset management firm Bitwise says that aggressive demand for Bitcoin (BTC) could boost the crypto king’s price much higher by the end of the year.
In a new interview with CNBC Television, Bitwise CIO Matt Hougan says that blue-chip institutions having increasing demand for BTC mixed with its limited supply could push the value of Bitcoin by about 70%...
Online gambling giant Flutter Entertainment says hundreds of thousands of users are affected by a massive hack on its subsidiaries.
Flutter, which owns gambling sites Betfair and Paddy Power, disclosed that up to 800,000 customers have had their personal information exposed due to a third-party breach, the Irish Times reports.
In an email to customers in Ireland and Britain, Flutter said it had...
A financial advisor from Bank of America’s wealth management division is reportedly banned from the industry amid allegations that he stole millions of dollars from his client’s account.
Former Merrill Lynch employee Isaiah Thomas Williams is now banned from the securities industry after being accused of stealing $2.58 million from the account of retired NFL player Reshad Jones, reports WPLG...
Bridgewater Associates founder Ray Dalio says that a period of stagflation similar to the one witnessed in the 1970s could be approaching.
In a new interview with David Rubenstein, Dalio addresses the US dollar’s big decline against major currencies this year, saying that it could be foreshadowing an incoming phase of stagflation, which refers to a time of high inflation, high unemployment, and...
Bank of America (BofA) believes corporate America will send the S...