Investing

Cryptocurrencies pose a competitive threat to Bank of America‘s business, the company said in a regulatory filing Thursday. “Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies,” the bank said. Such increased competition may “negatively affect our
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“A lot of times, like [recently], there is a lot of cash on the sidelines and the stock market has done very well,” Dalio told CNBC Make It in January at the World Economic Forum in Davos, Switzerland. “It almost certainly will attract in a lot because everyone’s going to say, ‘Oh the stock market
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Wall Street is apparently done panicking over Apple. And now that the stock has bounced back from recent lows, three of the company’s advantages — popularity in China, a growing services business and a war chest of cash — provide a clear path forward, according to GBH Insights analyst Dan Ives. “[O]n the heels of
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