U.S. manufacturing activity contracted in August for the sixth consecutive month, the Institute for Supply Management said. ISM’s manufacturing index was 48.7%, up 0.7 percentage points from the previous month. (Readings over 50% indicate expansion.) Seven industries reported growth in August while 10 contracted.
ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, ABA and a coalition...









