Saturday, November 16, 2024
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The economy is refusing to die — which may mean it’s time to go risk-on

The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates.The message embedded in the job data

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Paxos’ hopes of becoming a national bank die, application for charter expires

Details from the United States Office of the Comptroller of Currency (OCC) show that Paxos’ application for a national banking charter, under “2020-NE-Charter-318305”, expired on March 31. Paxos national banking charter application expires Paxos, a stablecoin issuer regulated by the New York Department of Financial Services (NYDFS), had applied for a license under the

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