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 […]
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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 […]
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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.
The amount of unrealized losses on American banks’ balance sheets is surging. In its new Quarterly Banking Profile for the fourth quarter of 2024, the Federal Deposit Insurance Corporation (FDIC) says US banks reported a massive $118.4 billion increase in unrealized losses on securities, bringing the total to $482.4 billion. The FDIC says spikes in […]
The post US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’ appeared first on The Daily Hodl.
The popular payments platform Zelle is preparing to implement a major change to its mobile app services. The platform says it’s preparing to terminate all transaction capabilities for businesses and consumers on the firm’s standalone mobile app, officially ending all services after March 31st. The app, which processed approximately $20 billion in transactions in 2024, […]
The post Zelle Prepares To Terminate Transactions on Mobile App, Pushing Popular Service Exclusively To Major US Banks and Financial Institutions appeared first on The Daily Hodl.
A US city is launching a guaranteed income pilot program that will disperse millions of dollars per year to families living below the poverty line. Billed as the “first-ever cash prescription program” in Kalamazoo, Michigan, the Rx Kids guaranteed income pilot program has allocated $10 million to help pregnant and nursing mothers financially during the early […]
The post Millions of Dollars To Be Handed Out Per Year – No Strings Attached – As US City Launches New Guaranteed Income Pilot Program appeared first on The Daily Hodl.
The capital markets firm Citadel Securities is reportedly planning on diving into the crypto sector. Bloomberg, citing “people familiar with the matter,” reports that the market maker aims to serve as a liquidity provider for crypto assets. Citadel Securities reportedly wants to become a market maker on a number of high-profile exchanges like Binance, Coinbase […]
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Big banks are quietly scrubbing the public record of their diversity, equity and inclusion (DEI) policies following US President Donald Trump’s upheaval of the controversial practice. Citing banking executives, lawyers and other insiders familiar with the matter, The Wall Street Journal reports that JPMorgan Chase, Citigroup and Morgan Stanley are all “watering down” their language […]
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Investing legend Warren Buffett has built a record $334 billion cash position at Berkshire Hathaway. The firm’s new fourth-quarter and yearly earnings reports show Buffett continues to be a net seller of assets, with cash on hand rising from $325 billion at the end of Q3. The firm’s Q4 sales include a whopping sell-off of […]
The post Billionaire Warren Buffett Amasses Record $334,000,000,000 Cash Position At Berkshire Hathaway After Dumping $5,500,000,000 of Exposure To Bank of America appeared first on The Daily Hodl.
Billionaire Warren Buffett just issued an alert on the state of the US economy. In Berkshire Hathaway’s annual letter to shareholders, Buffett warns the stability and purchasing power of the US dollar can be easily eroded. “Paper money can see its value evaporate if fiscal folly prevails. In some countries, this reckless practice has become habitual, […]
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