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Bank of America Commits to London Even as Brexit Draws Closer

Bank of America Corp. is the latest overseas bank to commit its long-term future to the U.K. even as the country prepares for Brexit.The U.S. lender has extended the lease on its London headquarters by 10 years to 2032, according to a spokesman. That’s well beyond the U.K.’s planned departure

Asia Stocks Slip With U.S. Futures, Yen Rallies: Markets Wrap

Asian stocks declined with U.S. equity index futures as investors worried surging bond yields after the Federal Reserve’s latest comments on the economy will test equity valuations. The yen advanced for the first time in five days.Despite the Fed’s latest upbeat assessment on the world’s largest economy, investors chose to

A $120 Billion Manager Expects Another Equity Sell-Off by March

If you were planning on putting your money back into stocks, you might want to hold on.That’s the message from Nader Naeimi of AMP Capital Investors Ltd. who’s still hanging on to the bulk of his cash reserves for another possible selloff by March.After an initial sharp selloff, equity markets

Steve Cohen Needs to Prove Himself to Wall Street All Over Again

There’s a low-slung glass and brick building in Stamford, Conn., steps from Long Island Sound, that once housed one of the most successful hedge funds ever. Inside, the halls are still adorned with works by Jeff Koons and Jasper Johns. The trading room—where phones blink instead of ring—is still kept

What Could Kill the Bitcoin Boom

If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. But you almost certainly didn’t do that. Perhaps you dipped in a toe in November or December, as the price hit headline-grabbing records—$10,000, then $15,000,

Is This a Market Melt-Up? Hang On as We Find Out: QuickTake Q&A

Stocks are hot. Back-to-back records are being set, and more after that as investors keep piling in. Some strategists call it fear of missing out. At its most extreme, it resembles panic buying -- or the panic selling found in the more familiar market meltdowns.2. What classifies something as a

Ripple’s 53% Surge Makes It the Second-Biggest Cryptocurrency

A new contender just moved into second place in the race to catch bitcoin.Ripple, a cryptocurrency that first surfaced in 2013, has surged 53 percent in the past 24 hours to surpass ethereum and take the title of the world’s second-most valuable digital coin by market cap. Ripple’s market value

End of 47-Year Japan Rice Program Signals Boost for Ramen Wheat

The end of Japan’s four decades of rice-market control could be good news for noodle lovers.That’s because rice farmers may plant alternative crops like wheat once government control ends by March 31 and look to tap into rising demand for ramen. Fukuoka, on Japan’s southern island of Kyushu, is expanding

The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market

On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency.Holders of large amounts of bitcoin are often

You Can Trade Bitcoin Futures. But Should You?

Trading in bitcoin futures Skeptics still abound, however, including executives at some of the world’s largest banks. For the doubters, at least there’s this silver lining: Futures trading may add an opportunity to planning to introduce bitcoin futures next year. The other major U.S. exchange player, Intercontinental Exchange Inc., has