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Bitcoin’s greater fools have gone into hiding

Bitcoin’s price was supposed to go to the moon. Yet over the past six months, from high to low, the linchpin of the entire cryptocurrency craze has shed 66 percent of its value. It’s an unraveling almost on par with the Nasdaq index during the dot-com bust, or US bank equities in the financial crisis. Thankfully, the wider economy has ...

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AirAsia doesn’t need a doctorate in the house

Samsonite International SA Chief Executive Officer Ramesh Tainwala resigned this month after a short seller highlighted issues with how he’d presented his educational history. Investors in AirAsia Bhd. should take notice. After all, co-founder Tony Fernandes is another notable Asian CEO who’s not been shy of boasting academic credentials that are less than they first appear. At a time when ...

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US stocks pare losses as oil rally gives a lift; dollar steady

Bloomberg US stocks shook off the worst of their losses as oil rose before a key OPEC meeting this week. Equities declined in Europe and Asia amid concern over the escalating protectionist standoff between China and the US. The S&P 500 came off its lows of the day as energy shares advanced along with software makers. The Stoxx Europe 600 ...

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