Stocks retreat as bond yields rise

Stocks retreat as bond yields rise

The S&P 500 Index ($SPX) (SPY) closed Monday down -0.53%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.90%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.36%. December E-mini S&P futures (ESZ25) fell -0.50% and December E-mini Nasdaq futures (NQZ25) fell -0.36%. Stock indices closed lower on Monday as higher bond yields…

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Japan Launches World’s First Yen Stablecoin – Here’s Why It Could Reshape Asian Crypto Settlements

Japan Launches World’s First Yen Stablecoin – Here’s Why It Could Reshape Asian Crypto Settlements

Benzinga and Yahoo Finance LLC may earn commissions or revenue on some articles through the links below. As dollar-backed stablecoins continue their stranglehold on the global market (dominating 99% of the $286 billion sector), Japan just made a move that could finally give Asia its own digital currency heavyweight. Tokyo-based fintech startup JPYC launched the…

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