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One of World’s Biggest Bond Fund Managers Warns of ‘Dangerous’ Credit-Ratings Dynamic

The chief investment officer of one of the world’s biggest bond funds is warning of “dangerous” assumptions in the credit market, where inflated ratings may be giving investors a false sense of security just as the Federal Reserve faces limits on its ability to step in.

The chief investment officer of one of the world’s biggest bond funds is warning of “dangerous” assumptions in the credit market, where inflated ratings may be giving investors a false sense of security just as the Federal Reserve faces limits on its ability to step in.
Bloomberg Markets • Dec 8, 3:07 PM
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US Will Proceed With Aukus Security Partnership, Rubio Says

Secretary of State Marco Rubio said the Trump administration has endorsed the Aukus security agreement with Australia and the UK following a lengthy review of the Biden-era agreement that would sell nuclear-powered submarines to Australia.

Secretary of State Marco Rubio said the Trump administration has endorsed the Aukus security agreement with Australia and the UK following a lengthy review of the Biden-era agreement that would sell nuclear-powered submarines to Australia.
Bloomberg Politics • Dec 8, 3:04 PM
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UK Targets Lawyers, Bankers in Fresh Anti-Corruption Drive

UK Deputy Prime Minister David Lammy vowed to root out “corrupt actors” as the UK unveiled a new strategy targeting bankers, accountants and lawyers as part of a drive to slash the tens of billions of pounds that’s laundered through Britain every year.

UK Deputy Prime Minister David Lammy vowed to root out “corrupt actors” as the UK unveiled a new strategy targeting bankers, accountants and lawyers as part of a drive to slash the tens of billions of pounds that’s laundered through Britain every year.
Bloomberg Politics • Dec 8, 2:53 PM
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Canada Needs IPOs to Reverse a Shrinking Number of Stocks

Canada’s largest stock exchanges are atrophying, with the number of publicly traded companies shrinking for a fourth straight year even as the country’s stock benchmark soared past the S&P 500.

Canada’s largest stock exchanges are atrophying, with the number of publicly traded companies shrinking for a fourth straight year even as the country’s stock benchmark soared past the S&P 500.
Bloomberg Markets • Dec 8, 2:53 PM
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Canada Needs IPOs to Reverse Shrinking Count of Stocks

Canada’s largest stock exchanges are atrophying, with the number of publicly traded companies shrinking for a fourth straight year even as the country’s stock benchmark soared past the S&P 500.

Canada’s largest stock exchanges are atrophying, with the number of publicly traded companies shrinking for a fourth straight year even as the country’s stock benchmark soared past the S&P 500.
Bloomberg Markets • Dec 8, 2:53 PM
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Why this veteran strategist is dropping his preference for tech stocks after 15 years

More competition is coming for the “juicy profit margins” of the “Magnificent Seven,” Ed Yardeni said, and he’s ready to look elsewhere for gains.

More competition is coming for the “juicy profit margins” of the “Magnificent Seven,” Ed Yardeni said, and he’s ready to look elsewhere for gains.
MarketWatch - Top Stories • Dec 8, 2:47 PM
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JPMorgan CEO Dimon Says Europe Has a ‘Real Problem’

JPMorgan Chase Chief Executive Officer Jamie Dimon spoke at the Reagan National Defense Forum, calling out slow bureaucracy in Europe in a warning that a “weak” continent poses a major economic risk to the US.

JPMorgan Chase Chief Executive Officer Jamie Dimon spoke at the Reagan National Defense Forum, calling out slow bureaucracy in Europe in a warning that a “weak” continent poses a major economic risk to the US. (Source: Bloomberg)
Bloomberg Markets • Dec 8, 2:42 PM