Yield curve ↪️ — Circle isn’t IPO-ing. Canada has an inverted yield curve. And rental car customers were getting arrested.

Stablecoin group Circle has abandoned its plans to go public, one of the first signs that the fall of crypto exchange FTX is starting to hit even digital assets regarded as the least risky.Folks, Canada’s got a serious case of the ol’ [“inverted yield curve.”](https://www.bnnbloomberg.ca/yield-curve-inversion-hits-widest-in-canada-since-early-1990s-1.1854997#:~:text=The yield on Canada's benchmark,Toronto time.)Former meme stock darling Hertz doled out US$168 million to settle 364 claims that it falsely reported rental cars as stolen when they just weren’t returned on time.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOThe Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.