Equities and digital assets are extending their downtrend as CNBC’s Fed Survey reports an elevated risk of recession. The Nasdaq, S&P 500 and Bitcoin (BTC) all plummeted on Tuesday morning ahead of the Federal Reserve’s policy statement due on Wednesday. In CNBC’s March edition of the Fed Survey, which takes insights from major fund managers, […]
The post Stocks and Crypto Extend Losses As Risk of Recession Reaches Six-Month Highs, According to CNBC Fed Survey appeared first on The Daily Hodl.
The US government relies on a network of computers to generate payments out of thin air, including some transactions that remain entirely undocumented, according to Elon Musk. In a new interview on Senator Ted Cruz’s Verdict podcast, Musk says the Department of Government Efficiency (DOGE) has now discovered about 14 “magic money” computers. Musk tells […]
The post US Government Deploys ‘Magic Money Computers’ To Send Payments Out of Thin Air: Elon Musk appeared first on The Daily Hodl.
U.S. Treasury Secretary Scott Bessent says that the US would be going through a financial crisis if it had kept up its spending habits. In a new interview on NBC’s Meet the Press, Bessent says he’s not worried about the current downturn in the stock market, which has wiped out trillions of dollars in equity […]
The post Treasury Secretary Bessent Warns Financial Crisis Narrowly Avoided, Says ‘Not Worried’ About Market Correction appeared first on The Daily Hodl.
The financial services giant Goldman Sachs is telling shareholders that its competitors are now offering crypto products and services that the bank doesn’t. In its 2024 Annual Report, Goldman Sachs says in some circumstances, rival firms are offering products that clients may prefer, such as specific digital assets, which Goldman cannot or choose not to […]
The post Goldman Sachs Mentions Crypto in Shareholder Letter, Says Tech Raising Competition in Banking Industry appeared first on The Daily Hodl.
Two of the largest banks in the US are reportedly locked in a legal battle over a $481 million commercial property loan. Wells Fargo is suing JPMorgan Chase, the largest back in the US, over accusations it greenlighted a real estate loan even though it allegedly knew that the financial statements were fraudulent, reports Reuters. […]
The post Wells Fargo Sues JPMorgan Chase Over Soured $481,000,000 Loan, Says US Bank Aware Seller Had Inflated Income: Report appeared first on The Daily Hodl.
Two Wall Street giants say the US now faces a greater risk of economic contraction amid a deteriorating macroeconomic backdrop. JPMorgan Chase is raising its recession forecast for the US economy from 30% at the start of 2025 to 40% due to the uncertainty brought by President Trump’s directives including his trade war against China, […]
The post JPMorgan Chase, Goldman Sachs Abruptly Raise Recession Odds As ‘Bond King’ Says Macro Setup Could Trigger Decades of US Capital Flight: Report appeared first on The Daily Hodl.
Crypto and equities are plummeting on the weekly open amid President Trump’s tariffs and refusal to rule out a recession this year. Earlier this month, the Federal Reserve Bank of Atlanta predicted a 2.8% contraction in GDP for the first quarter of 2025, sparking new economic uncertainty and recession talks. The Atlanta Fed’s forecast is […]
The post Bitcoin and Stock Market Collapse As Trump Doesn’t Rule Out Recession, Says ‘I Hate To Predict Things Like That’ appeared first on The Daily Hodl.
The chief executive of Coinbase says that the crypto exchange is planning to hire 1,000 new employees in the US this year. In a new thread on the social media platform X, Coinbase CEO Brian Armstrong says the firm is going on a hiring spree after hearing what regulators had to say about the digital […]
The post Coinbase Plans New Hiring Spree of 1,000 Employees To Support US Operations This Year: Brian Armstrong appeared first on The Daily Hodl.
Several Wall Street banks including JPMorgan Chase are abruptly changing their forecasts for the US stock market. JPMorgan Chase’s head of global market intelligence Andrew Tyler says the lender’s trading desk is flipping short-term bearish on the stock market amid a deteriorating macroeconomic backdrop, reports Bloomberg. All in all, the US stock market has wiped […]
The post $3,400,000,000,000 Market Meltdown Triggers Economic Alerts From JPMorgan Chase, Morgan Stanley and Goldman Sachs As US Banks Abruptly Change Outlook appeared first on The Daily Hodl.
JPMorgan Chase CEO Jamie Dimon is addressing controversy over how and why some American citizens and businesses are abruptly finding themselves kicked out of the banking system. After meeting with Republican lawmakers in Washington, D.C. on the subject of “debanking,” Dimon told reporters that Chase never drops customers over their religious or political affiliations. Instead, […]
The post JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations appeared first on The Daily Hodl.
