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France Gets Budget Warning as S&P Turns Negative on Rating

(Bloomberg) -- S&P Global Ratings put a negative outlook on its assessment of France’s creditworthiness, underscoring enduring uncertainty over the country’s finances after a prolonged period of political turmoil. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchRemembering the Landscape Architect Who Embraced the CityShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buil

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Hedge funds ramp up bets on falling stocks

Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday. Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was seen in almost all company sectors, except for communications services. In healthcare, net selling by hedge funds was entirely driven by short positions and ranked close to the highest level seen over the past five years.

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