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Wall Street eyes low rates, earnings after Brexit rout

By Noel Randewich and Caroline Valetkevitch (Reuters) – With markets reeling after Britain’s vote to leave the European Union, some on Wall Street expect cooler heads to prevail over the next several sessions as investors focus domestically on the outlook … Continue reading

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Worst day in 10 months as Wall Street reacts to 'Brexit'

By Rodrigo Campos NEW YORK (Reuters) – The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain’s decision to leave the European Union caught traders wrong-footed. In the … Continue reading

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Robo-adviser Betterment suspended trading during Brexit upheaval -WSJ

(Reuters) – Betterment LLC, an automated financial adviser, suspended all trading on Friday morning as Britain’s vote to quit the European Union sent a shock wave through global financial markets, The Wall Street Journal reported. Clients were not aware of … Continue reading

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Russell reconstitution adds to U.S. market's volume, volatility

NEW YORK (Reuters) – FTSE Russell reconfigured its indexes at the close in an annual event that triggered the highest trading volume for any session in almost five years and added to Friday’s high volatility in the U.S. stock market. … Continue reading

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Frankfurt or bust? Wall St. bankers in London ponder life post Brexit

By Olivia Oran, Anjuli Davies and John O’Donnell NEW YORK/LONDON/FRANKFURT (Reuters) – Big Wall Street banks are scouring Europe to find a new home for their traders, bankers and financial licenses now that London is on shaky ground as the … Continue reading

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What the Brexit Vote Means for the US Economy

The Brits have voted to quit the EU. Now what? Anyone who answers that question with any degree of confidence is probably trying to sell you something. The only certainty at this point is that the British economy will take … Continue reading

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Dollar funding costs jump after Brexit vote

Screens, one of which displays the rate of the British pound which drops against the US dollar (R) after the British referendum, are seen in a trading room in Paris, France, June 24, 2016. REUTERS/Jacky Naegelen More NEW YORK (Reuters) … Continue reading

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UK markets shudder after Brexit vote, sterling hits 31-year low

By Jamie McGeever and Patrick Graham LONDON (Reuters) – Sterling plunged to its lowest in three decades and the value of London’s big banks sank by the most since the 2008 financial crisis as Britain’s shock vote to leave the … Continue reading

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Wall Street slides after shock Brexit vote

By Tanya Agrawal and Yashaswini Swamynathan REUTERS – U.S. stocks fell sharply on Friday, with the Dow Jones industrial average dropping as much as 538 points, as Britain’s vote to quit the European Union roiled global financial markets. The S&P … Continue reading

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Frankfurt or bust? Wall Street bankers in London ponder life post-Brexit

By Olivia Oran and Anjuli Davies NEW YORK/LONDON (Reuters) – Big Wall Street banks are scrambling to figure out what to do with their assets, workers and financial licenses abroad in light of the British vote to exit the European … Continue reading

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