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Indiana's New Wage Access Law 💼
Ryan Serkes
May 07, 2025
The
Daily Trade
Hey Daily Traders,
Today's market news unveils significant shifts, with AvidXchange Holdings entering a $2.2 billion acquisition deal with TPG and Corpay. This move underscores the growing importance of accounts payable automation, as the company transitions to private ownership, promising enhanced growth and innovation in business payment processes.
Meanwhile, Indiana leads a regulatory wave by officially passing legislation on earned wage access (EWA), a financial lifeline for workers needing early wage access. However, legal challenges loom for EWA providers like DailyPay, highlighting the delicate balance between consumer protection and financial innovation. On the crypto front, the withdrawal of Senate Democrats from a stablecoin regulation bill marks a critical moment, reflecting ongoing tensions in the quest to regulate the evolving digital asset landscape.
Here's what's happening today:
- 🏛️ Indiana enacts earned wage access law
- 💰 AvidXchange acquired for $2.2 billion
- ⚖️ Senate Democrats withdraw crypto bill support
- 🎁 +9 more business & investing news stories you might like
- 📊 +4 technical analysis results
Question
What are your thoughts on Indiana's new earned wage access law—do you see it as a necessary financial tool for workers, or are the potential risks too high?
Reply to this email with your answer
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Policy Changes  Indiana has officially passed legislation to regulate earned wage access (EWA), a financial service allowing employees to access their earned wages before payday. Known as HEA 1125, the law incorporates best practices for EWA, acknowledging it as a unique financial product and ensuring consumer protections. Companies like DailyPay have praised the move, highlighting the importance of such financial options for workers living paycheck to paycheck. Indiana joins several other states in implementing similar laws. Despite the positive reception, EWA providers like DailyPay face legal challenges. The New York State attorney general has sued DailyPay and another company, MoneyLion, over allegations of deceptive practices and exorbitant interest rates disguised as payday loans. These legal proceedings underscore the ongoing debate over the regulation of EWA services and the balance between consumer protection and financial innovation. Key Takeaway
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Stock Market AvidXchange Holdings, a leader in accounts payable automation, has entered into an agreement to be acquired by TPG and Corpay for $2.2 billion. This acquisition values AvidXchange at a 22% premium over its recent stock price, and upon completion, the company will transition to a private entity. The acquisition aims to provide AvidXchange with the resources and flexibility to enhance its offerings and pursue growth opportunities in the AP automation sector. TPG and Corpay's investment reflects confidence in AvidXchange's potential to drive efficiency in business payment processes. With over 8,500 clients, AvidXchange is well-positioned to capitalize on the increasing demand for automation solutions. The transaction, expected to close by the end of 2025, highlights the strategic importance of AP automation in modern business operations. Key Takeaway
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Crypto  A group of nine Senate Democrats has withdrawn support from a bipartisan bill aimed at regulating stablecoins, citing concerns over the bill's security provisions. Stablecoins, digital assets pegged to stable values like the U.S. dollar, are seen as less volatile and more appealing to risk-averse investors. This legislative setback highlights the challenges in creating a regulatory framework for the rapidly evolving cryptocurrency market. The withdrawal of support from key Democrats, including Senators Raphael Warnock and Adam Schiff, jeopardizes the bill's progress in the Senate. The bill's sponsor, Senator Hagerty, expressed disappointment, emphasizing the need for bipartisan cooperation to ensure the U.S. remains a leader in the global digital asset space. The debate over the bill reflects broader tensions in balancing innovation with regulation in the crypto industry. Key Takeaway
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4 Reasons The Dollar Could Collapse
If you’ve noticed that your dollars don’t seem to go as far as they used to, you’re not alone. Millions of Americans are in the same boat.
The recent inflation rate, the highest in over 40 years, was a wake up call that made many people realize that the financial stability they had taken for granted for decades no longer exists.
The US government has been tempted to use its reserve currency status to its financial advantage. This has resulted in massive devaluation of the dollar.
A way to help protect your dollars is to diversify your money with assets that don’t depend upon the strength and health of the dollar for their value. Precious metals like gold and silver, for instance, are in demand around the world 24/7 and aren’t dependent upon the value of the dollar.
To find out reasons why experts are predicting the collapse of the dollar, request your free digital copy of the 4 Reasons the Dollar Could Crash eBook.
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More Business & Investing news
- 🐕 Dogecoin Cash confirms stock dividend dates (Link)
- 👟 Skechers sale to 3G Capital under investigation (Link)
- 🎎 Mattel plans price hikes amid tariff concerns (Link)
- 📊 Cboe Global Markets announces annual meeting results (Link)
- 💼 Citi's Andy Sieg skeptical of stock market rally (Link)
- 🌍 Congress ends Biden-era emissions rule (Link)
- 🍦 Dairy Queen braces for tariff impacts (Link)
- 🎥 Newsom proposes tax credits for US films (Link)
- 🏠 Home staging boosts sale prices, reduces market time (Link)
Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Sell | STOCH Hold |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
Disclaimers
The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.
Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.
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