Paxos Securities Settlement Company has received regulatory approval to provide clearing and settlement services for U.S. stocks on a blockchain. The U.S. Securities and Exchange Commission (SEC) has authorized stablecoin issuer Paxos to become the first blockchain firm authorized to operate as a central securities depository for traditional stocks.
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A “Flash Report” issued Friday by the St. Louis Federal Reserve Bank reveals that data “more precise” than that published earlier in the day show that May’s unemployment rate actually declined over the past month – and that the labor market remains resilient.
4:15pm: Broad tech selloff Wall Street closed deeply in the red on Friday, with technology stocks leading the decline as investors reassessed expectations for Federal Reserve policy following a surprisingly strong US jobs report. The Nasdaq tumbled 4.2%, shedding 1,122 points to close at 25,709, while the S&P 500 dropped 201 points, or 2.6%, to 7,384. The Dow Jones Industrial…
The Hartford Insurance Group (NYSE:HIG – Get Free Report) had its price objective decreased by stock analysts at Wells Fargo & Company from $165.00 to $154.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the insurance provider’s stock. Wells Fargo & Company’s target price points…
The Hartford Insurance Group (NYSE:HIG – Get Free Report) had its target price reduced by research analysts at Mizuho from $159.00 to $154.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the insurance provider’s stock. Mizuho’s price objective would indicate a potential upside of 18.84% from the…
Democratic lawmakers are pledging to introduce a package of bills to address New Jersey’s youth mental health system, which parents say is hard to navigate and can leave kids waiting months if not years for proper treatment.
California homeowners already juggle some of the nation’s highest housing costs, but another expense is preparing to take a bigger bite out of household budgets. Home insurance rates in the Golden State are expected to rise by an average of 16%, making it the largest increase in the country. For many residents, that jump arrives…
Buying a home comes with a long list of expenses, from mortgage payments and insurance premiums to maintenance costs that seem to appear out of nowhere. Yet many homeowners overlook one of the simplest ways to lower their annual housing expenses. A surprising number of people qualify for a homestead exemption but never complete the…
Federal Reserve researchers say rising oil prices linked to the war in Iran are already feeding inflation pressures. However, employment has remained largely stable across most regions.
Paxos Securities Settlement Company has received regulatory approval to provide clearing and settlement services for U.S. stocks on a blockchain. The U.S. Securities and Exchange Commission (SEC) has authorized stablecoin issuer Paxos to become the first blockchain firm authorized to operate as a central securities depository for traditional stocks. The…
Columbus City Attorney Zach Klein has filed a new lawsuit against President Donald Trump's administration over a proposed health insurance coverage change.
Financial markets are pricing in the possibility that Kevin Warsh, the newly installed Federal Reserve chair, may have to push interest rates higher despite White House desires for cheaper money. Friday’s stronger-than-expected jobs report reinforces the idea that the labor market is increasingly on solid footing, removing downside risks to its employment mandate. Now, it’s all…
Otto von Bismarck was 74 when Germany adopted the world’s first national old-age social insurance program in 1889, and the age written into the system was older still: 70. That number was not a warm Victorian gesture toward rest. It was a political calculation made inside a young German Empire where socialist parties were gaining…
The limitations of private health insurance, the quiet collapse of America’s research ethics watchdog and other Morning Rounds news
Austin Small Business Group Health Insurance becomes a key focus as efforts intensify to improve affordability, transparency, and competition, aiming to create a more accessible and efficient healthcare system for businesses and families.
Residents of Monterey Park, California voted 86% in favour of a permanent data center ban on June 2, making the city the first in the United States to prohibit new facilities by popular vote and sending a warning signal to AI infrastructure developers and cryptocurrency mining firms across the country.
State Auditor Rob Sand said Madison County’s records were so "messy" his office could not even verify the county’s finances.
Natixis Advisors LLC lowered its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,001 shares of the real estate investment trust’s stock after selling 27,618…
Natixis Advisors LLC boosted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,552 shares of the insurance provider’s stock after purchasing an additional 14,239 shares during…
