A new basic income program is set to give away tens of millions of dollars in America’s most densely populated city. New York City has allocated $53 million to give to migrants who are currently being put up in hotels, reports the New York Post. More than 150,000 people seeking asylum have arrived in the […]
The post $53,000,000 To Be Handed Out in Major US City in Controversial Guaranteed Income Pilot: Report appeared first on The Daily Hodl.
Investor Steve Eisman, who took short positions against the housing market leading up to the 2008 crisis, believes that it would be ill-advised for the Fed to start cutting interest rates. In a new CNBC interview, Eisman says the US economy looks solid on the back of healthy consumer spending. According to the “Big Short” […]
The post ‘Big Short’ Investor Says Interest Rate Cuts Would Be a Waste Now, Praises Fed for Engineering Soft Landing appeared first on The Daily Hodl.
U.S. Federal Reserve Chair Jerome Powell is warning that the government cannot continue on its path of relentless debt accumulation. In a new 60 Minutes interview with Scott Pelley, Powell says the ballooning national debt is becoming a danger to the stability of the US economy. The Fed Chair calls the attention of the US […]
The post Fed Chair Jerome Powell Warns United States on Unsustainable Fiscal Path Amid Record-High National Debt appeared first on The Daily Hodl.
A pair of elderly women are suing JPMorgan Chase for allegedly enabling a massive theft of over $2.2 million of their combined life savings. Lawyers for the plaintiffs say 76-year-old Diane Artemis Yaffe and 80-year-old Alice Lin were victims of “pig butchering” scam in California when they were targeted by con artists posing as employees from […]
The post JPMorgan Chase To Blame After $2,220,000 Drained From Bank Accounts in ‘Obvious Fraud,’ Alleges New Lawsuit appeared first on The Daily Hodl.
A customer at Wells Fargo says he was shocked to discover $4,000 in cash had been taken out of his safe deposit box – and the bank refused to reimburse the funds. Jeffrey Temmer says he realized his safe deposit box was empty when tried to grab cash for Christmas shopping, reports Milwaukee-based FOX6 News. […]
The post Wells Fargo Refuses to Reimburse Client After $4,000 Vanishes From Safe Deposit Box – How the Customer Took Matters Into His Own Hands appeared first on The Daily Hodl.
A Los Angeles-based lender known as the ‘bank to the stars’ will pay a $65 million fine for a number of violations, including failure to follow the Bank Secrecy Act. The Office of the Comptroller of the Currency (OCC) says City National Bank engaged in “unsafe or unsound practices” ultimately resulting in lapses in several […]
The post Billion-Dollar Bank Pays $65,000,000 Fine, Faces Cease-and-Desist Order After Violating Bank Secrecy Act, Deploying Poor Risk Management appeared first on The Daily Hodl.
Customers at a JPMorgan Chase branch say deposits aren’t showing up in their accounts, and the bank has been reluctant to address the issue. Carla Garling, a small business owner, says that despite having a deposit slip, her local Chase branch hasn’t confirmed a $13,478 deposit to her account, reports KFOR Oklahoma News 4. Since […]
The post JPMorgan Chase Customers’ Deposits Go Missing, Bank Says It Has No Idea Where Money Went: Report appeared first on The Daily Hodl.
Guaranteed income programs are sprouting across the US as two large counties prepare to give millions of dollars to people who are tight on funds. The nonprofit Inland SoCal United Way is teaming up with the California Department of Social Services in a new pilot program designed to give away $10 million to residents of San […]
The post $10,000,000 To Be Handed Out With No Strings Attached As US Counties Prepare to Launch Guaranteed Income Program appeared first on The Daily Hodl.
Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries. According to the report, Tether made $2.5 billion in profits during the fourth quarter of 2023, the highest net profit the firm has ever seen. “In terms of financial performance, the fourth […]
The post Tether Sees Record-Breaking Profits, Largely Driven by Interest Payments From US Treasuries appeared first on The Daily Hodl.
Chris Dixon, general partner at investment giant Andreessen Horowitz (a16z), says that the crypto industry may be approaching its “iPhone” phase of adoption. In a new interview with Laura Shin on the Unchained Podcast, Dixon references the evolution of the smartphone in the mid-2000s when the iPhone finally delivered a product that would eventually lead […]
The post Executive at $35,000,000,000 Investment Firm Says Crypto Nearing Its ‘iPhone Moment’ – Here’s What He Means appeared first on The Daily Hodl.
