American Express: Premium Customer, Stablecoins, Tokenized Credit

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Key insight: Federal Reserve Vice Chair for Supervision Michelle Bowman said that abandoning Federal Reserve districts in favor of five regional hubs will streamline joint oversight with state regulators.  Supporting data: For decades, the Fed relied on complex internal committees, resulting in delayed enforcement and a lack of accountability, according to Bowman.  Expert quote: “In…

Domino's Pizza Group: Still Attractive Amid Lingering Macro Uncertainty

Founders who grew up in India have been involved in building 205 current and former unicorns outside India, accounting for about $560 billion in founder-share-attributed company value, according to the new Indian Diaspora Index, created by Prosus and Dealroom.    Of the 205 overseas unicorns tracked by the index, 187, or about 91%, are based…

Mortgage moved higher today, and while the jump was no larger than the one seen on Monday, both were ‘above average’ and both took rates in the wrong direction. In addition, the steady weakness throughout the month of July finally resulted in yesterday’s rates match the highest level in nearly a year.  In other words,…