The United States’ national debt has reached a precarious milestone, reaching 100 percent of gross domestic product (GDP) and putting the nation on a trajectory that could trigger six distinct types of fiscal crises, according to an ominous new warning issued Thursday by the Committee for a Responsible Federal Budget (CRFB). With the national debt … Read more
Brian Moynihan issued a grim warning about stablecoins. During a Jan. 15 earnings call, Bank of America’s CEO told analysts that as much as $6 trillion in deposits could migrate out of the U.S. banking system into stable currencies, about 30 percent to 35 percent of all U.S. commercial bank deposits. Moynihan attributed the projection … Read more
Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. You might think that credit cards are the payment method most targeted by financial fraudsters, but that’s not true. In fact, debit cards are what fraudsters target the most – and the number of cases involving them continues … Read more