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Iranian Activists Want Tech Companies to Ban the Ayatollah
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Bitcoin Retreats; Justin Sun-Linked Coins Drop After SEC Charges
Circle USDC Stablecoin Redemptions Rise to About $6 Billion
Miami and New York’s Crypto CityCoins Meet Quiet Demise
The yield curve is close to inverting, but not for the usual reasons.
Less than two years after the U.S. exited its last recession, Wall Street is talking about another one coming.
In normal times the yield curve runs uphill; that is, Treasuries with longer maturities offer higher yields than shorter-dated ones to compensate investors for the risk of tying up their money for longer periods. When longer-term yields sink close to or below shorter ones, it is a sign that investors are pessimistic about economic growth prospects—and often portends a recession.