2023-8-26 19:30 |
Cointelegraph analyst and writer Marcel Pechman breaks down consumer debt and why it might lead to a good outcome for BTC.
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The embattled Harbour Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
2023-7-20 19:16 | |
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American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing bubble in the U.S. are on the rise. New York […]
2021-7-14 00:30 | |
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The Federal Reserve's latest consumer credit report shows Americans were borrowing at record levels just as the COVID-19 crisis struck. The post We Blew a $4.2 Trillion Debt Bubble – Then 10 Million of Us Lost Our Jobs appeared first on CCN.com
2020-4-8 01:30 | |
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The Federal Reserve reports housing market and non-housing debts have grown to record levels, at their fastest pace since the last recession. The post Housing Market, Consumer Debt Bubble Will End ‘Miserably’ – Analyst appeared first on CCN.com
2020-2-12 04:33 | |
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The Fed's recession risk model has downgraded, but this economist says record consumer credit and household debt will crash the economy soon. The post The Next Recession Won’t Be Triggered by a Housing Market Crash: Economist appeared first on CCN.com
2020-1-13 16:00 | |
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Historically low mortgage rates are propping up the housing market at a time when stagnant wages and record debt are weighing on the consumer. The post Fannie Mae’s Rosy Housing Market Forecast Only Means the Crash Will Be More Devastating appeared first on CCN.com
2020-1-10 00:45 | |
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By CCN: Piles of student debt, an underperforming job market, and a rising cost of living are pushing millennials’ average net worth down, and down fast. According to an eye-opening Deloitte study on consumer behavior: “Millennials are dramatically financially worse off than previous cohorts with a 34 percent decrease in their net worth since 1996.
2019-6-6 17:35 | |
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By CCN: The Dow and broader U. S. stock market finished lower on Friday, as investors weighed a myriad of macro risks against an apparent surge in consumer confidence. Those betting on a consumer-driven recovery may be in for a rude awakening amid record debt levels and the ongoing U.
2019-5-18 22:17 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.
2018-11-1 23:35 | |
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The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U. K. , has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post.
2018-7-5 01:04 | |
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American investment bank JPMorgan Chase & Co has enabled Euro-denominated payments via the JPM Coin, the native currency for their blockchain. Thus expanding the use of one of the projects known to promote the application of blockchain technology in traditional banking.
Coinspeaker Bitcoin and Crypto Under Threat as JPMorgan Warns of Debt Talks Going Wrong All eyes are on whether the US government manages to increase the debt ceiling further. Any failure to do so will put significant pressure on risk assets.
Coinspeaker JPMorgan Hikes 2023 Key Revenue Target to $84B Following Its First Republic Acquisition Banking powerhouse JPMorgan recently increased its 2023 revenue target by $3 billion on improved operational prospects.
Coinspeaker JPMorgan Chase Acquires First Republic Bank After Months-Long Crisis American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank.
The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.
Coinspeaker JPMorgan Chase Reports Record Q1 2023 Revenue Haul amid US Banking Crisis JPMorgan topped Q1 2023 revenue expectations by more than $3 billion on the back of higher Fed-facilitated interest rates.