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The Wire

A representation of virtual currency Bitcoin is seen in front of a stock...

Fidelity applies to launch a bitcoin ETF

Fidelity applied on Wednesday to launch an exchange traded fund to track the performance of bitcoin, the latest move on Wall Street to embrace the digital currency.

FILE PHOTO: The IMF logo is seen outside the headquarters building in...

IMF approves $500 million disbursement to Pakistan

The International Monetary Fund said on Wednesday it approved a $500 million disbursement to Pakistan for budget support after the IMF Executive Board completed delayed reviews of Pakistan's $6 billion loan program.

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange...

S&P 500 slips as tech stocks pull market lower

The S&P 500 closed lower on Wednesday as optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen was unable to halt a decline in technology shares for a second straight day.

A United States Postal Service (USPS) mailbox is pictured in Pasadena

Democrats in U.S. Congress blast Postal Service revamp plan

U.S. Democratic lawmakers on Wednesday blasted the 10-year strategic plan proposed a day earlier by the U.S. Postal Service (USPS) that would eliminate $160 billion in forecasted red ink by slowing some mail deliveries, cutting some retail hours and closing some locations.

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