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CNNMoney News – Marc Chandler, Italy, Bob Diamond

Stocks back off record highs
Investors are hitting the pause button after last week’s record-breaking rally.

Italy’s credit rating downgraded
Fitch downgraded Italy’s credit rating Friday, saying the lack of a stable government in Rome puts the nation’s already fragile economy at risk.

Ex-Barclays CEO Diamond gets $3 million payday
Bob Diamond stands to collect about $3 million on the anniversary of his resignation as chief executive of Barclays over the bank’s role in rigging global interest rates.

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Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
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