Piano particularly designed for those who prefer playing while lying in bed. Great Britain, 1935.
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- U.S. Stocks RallyU.S. stocks closed sharply higher Wednesday after the Federal Reserve retained its pledge to keep interest rates low for a “considerable time.”
- Fed Sticks to Patient Tack on Rate HikesFederal Reserve officials took a delicate step toward raising short-term interest rates in 2015, introducing language into their policy statement that asserted they would be patient about moving away from near-zero short-term interest rates.
- U.S. Oil Prices Rise Off Multiyear LowsOil prices rallied Wednesday as traders closed out positions following a dramatic plunge in prices in recent months.
- Junk Bond Market Turns NegativeTrading turmoil has dragged junk-bond returns into the red for the year, creating an opportunity for some buyers to re-enter the market in a search for bonds at bargain prices.
- European Money-Fund Managers Brace for LossesSome of the world’s biggest money managers are making sweeping changes to their European money-market funds amid expectations of losses for the normally staid investments.