What you need to know on Wall Street today

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Gary Cohn’s announcement Tuesday that he would step down as President Donald Trump’s top economic adviser not only signals the end to an up-and-down tenure in the administration but also creates a void that could have serious implications for the broader US economy. Here’s the latest:

In other news, we talked to UBS chairman Axel Weber about market risks, cryptocurrencies and the bank’s whistleblowing hotline. The CEO of JPMorgan’s giant investment bank says a 40% correction could be on the horizon – here’s how it could happen.

Amazon has the potential to upend a booming investment business, and it’s keeping industry insiders up at night. And Bank of America’s new head of prime brokerage was an actress, model, writer and MTV VJ before Wall Street.

Lastly, in crypto news: