The ISM services index rose 1.9% from the prior month to land at 52% in August, the Institute for Supply Management said. (Readings over 50% indicate expansion.) Twelve industries tracked reported growth while four reported contraction.
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...









