What you need to know on Wall Street today

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Sad trader REUTERS/Lucas Jackson A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014.

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Markets around the world have been grappling with historically low volatility for some time now. And Societe Generale thinks they're finally due for a reckoning. In fact, the situation has gotten so tenuous that it's reminding the firm of the period leading up to the 2007-8 financial crisis .

In related news, hedge fund legend Julian Robertson warned that " we're creating a bubble ."

Bitcoin enthusiasts reacted with anger and derision at JPMorgan CEO Jamie Dimon's claim that the cryptocurrency is a "fraud." Jeff Gundlach, DoubleLine Capital's founder, said he is " going to let this [bitcoin] mania go on without [him] ." He also said the dollar is due for a rally .

In Wall Street news, Betterment struck a deal with BlackRock and Goldman Sachs to provide its 270,000 users more investment options . Vikram Pandit, former CEO of Citigroup , says 30% of banking jobs could disappear within the next five years .

In other news, t he ultra-wealthy have 10% of global GDP stashed in tax havens - and it's making inequality worse than it appears . And millennials are driving a shift in how the ultra-wealthy manage their money .

BridgeBio Pharma, a biotech company focused on inherited diseases, raised $135 million from a bunch of Wall Street firms . And a 35-year-old banker left Goldman Sachs to start a fintech company inspired by his mother, and five years later received £100 million from his former employer .

Apple revealed its iPhone X on Tuesday amid much fanfare. Here's what you need to know:

And if cars are your thing:
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