Hacker NewsJul 21
Cryptocurrency exchanges begin offering tokenized securities
https://apnews.com/article/crypto-robinhood-openai-tokenization-sec-bfd41220717fe9b6ebcd0305005e0018
#ycombinator #Robinhood_Markets_Inc #OpenAI_Inc #Europe #Cryptocurrency #Financial_technology #Southeastern_Conference #General_news #Finance_Business #Stocks_and_bonds #Hester_Peirce #Business #Donald_Trump #Paul_Atkins #SpaceX #Financial_services #Vlad_Tenev #BlackRock #Inc #Katie_Haun #U_S_news #Netflix #Lee_Reiners #Hilary_Allen #Technology #Johann_Kerbrat #U_S_News
The risks and rewards of tokenization as crypto heavyweights push for it

The financial world is buzzing about tokenization, a process using blockchain to turn real-world assets like stocks or real estate into digital tokens. Advocates say this could revolutionize investing, making it cheaper, more transparent, and accessible to everyday investors. Robinhood recently launched tokenized stock trading in Europe and offered tokens linked to private companies like OpenAI, sparking controversy. Critics warn tokenization could bypass U.S. securities laws, risking investor protections. The SEC has urged caution, emphasizing legal obligations. While some see tokenization as a game-changer, others fear it could lead to unregulated markets reminiscent of the 1920s.

AP News
 Hacker NewsNov 9, 2024
Average rate on a 30-year mortgage in the US rises for 6th straight week
https://apnews.com/article/mortgage-rates-housing-interest-financing-home-loan-36992be9d7760237baef95ca2c160f9a
#ycombinator #Mortgages #General_news #Economy #Business #Inflation #Stocks_and_bonds #U_S_news #U_S_News
The average rate on a 30-year mortgage in the US rises to 6.79%

The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. Mortgage buyer Freddie Mac said Thursday that the rate ticked up to 6.79% from 6.72% last week. That’s still down from a year ago, when the rate averaged 7.5%. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers. Mortgage rates are influenced by several factors, including the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans. Bond yields have been rising following encouraging reports on inflation and the economy.

AP News
 Hacker NewsAug 5, 2024
Markets tremble over risks to US economy – AP News
https://apnews.com/article/stocks-markets-nikkei-economy-c6240977e9482bf7207abc53b2a11e58
#ycombinator #Financial_markets #Economy #General_news #AP_Top_News #Business #Federal_Reserve_System #World_news #Stocks_and_bonds #World_News
Dow drops 1,000 points as markets quake worldwide

Nearly everything on Wall Street tumbled as fear about a slowing U.S. economy worsened and set off another sell-off for financial markets around the world. The S&P 500 sank 3% Monday for its worst day in nearly two years. The Dow Jones Industrial Average dropped more than 1,000 points, and the Nasdaq composite slid 3.4%. That followed a 12.4% plunge for Japan’s Nikkei 225, its worst since 1987. Treasury yields pared their losses after a report showed U.S. services businesses are continuing to grow. But worries are still high after Friday’s report showing U.S. employers pulled back on hiring last month by more than expected.

AP News