TLDR

MARKET RECAP → The Dow (DIA) hit a new record losing streak Tuesday, marking its ninth consecutive day of losses for the first time since 1978.

IN SEARCH OF YIELD → 📉 With the Fed expected to cut interest rates tomorrow, investors face shrinking yields on their cash. Some suggest pivoting to money-market funds, short-term bonds, or some combination with high-yield savings accounts to keep returns afloat.

RIPPLE LAUNCHES RLUSD STABLECOIN → 💰 Ripple introduced RLUSD, a dollar-backed stablecoin aiming to challenge Tether and USD Coin, with full asset backing and availability on major global trading platforms.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

In Search of Yield

📉 Rate Cut Concerns: If the Federal Reserve continues to cut interest rates, investors are wary of shrinking cash yields as banks and brokerage firms receive lower payouts on uninvested balances.

💰 Falling Sweep-Account Returns: Investors face shrinking returns on sweep accounts, with rates at major firms like Charles Schwab (SCHW) dropping to as low as 0.1%, forcing savers to rethink their cash strategies.

🚀 Higher-Yield Alternatives: Some financial analysts recommend shifting into higher-yield options like money-market funds, short-term bonds, or high-yield savings accounts to maximize returns as rates decline.

TODAY’S TOP NEWS

Ripple Launches RLUSD Stablecoin

💰 New Stablecoin Introduction: Ripple has launched RLUSD, a stablecoin pegged to the U.S. dollar, aiming to compete with market leaders like Tether and USD Coin.

🔗 Backing and Availability: Each RLUSD token is fully backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents, ensuring stability and liquidity. The stablecoin will be available globally on platforms including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish.

🏛️ Advisory Board Composition: Ripple has appointed Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp, to the advisory board of RLUSD, alongside Ripple co-founder Chris Larsen and former CENTRE Consortium CEO David Puth.

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• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

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