WASHINGTON (Reuters) – U.S. single-family homebuilding dropped sharply in December after a string of strong gains, but new construction remains underpinned by a shortage of previously owned hous[...]
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January 18, 2024
Illicit crypto addresses received at least $24.2 billion in 2023 – report
By Elizabeth Howcroft LONDON (Reuters) – At least $24.2 billion worth of crypto was sent to illicit crypto wallet addresses in 2023, including addresses identified as sanctioned or linked to ter[...]
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China’s embrace of GMO crops gains momentum with new import, planting approvals
By Mei Mei Chu BEIJING (Reuters) -China on Thursday approved additional varieties of genetically modified soybeans and corn for import and production while expanding their planting areas nationwide, a[...]
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Tesla, Ford among the most shorted stocks in 2023 – Hazeltree
By Nell Mackenzie LONDON (Reuters) -Hedge funds took the most bets against auto companies Tesla, Ford, and communications company Charter Communications in the United States last year, a report by dat[...]
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More junk-rated US companies to default in Q1, Moody’s forecasts
By Matt Tracy (Reuters) – Defaults by U.S. companies with low junk credit ratings are likely to rise further in the first quarter of 2024, according to a Thursday report by credit rating agency[...]
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M&T Bank’s profit plunges on FDIC fee-related expense, costly deposits
(Reuters) – M&T Bank’s fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay to refill a government deposit in[...]
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Fastenal beats results estimates on robust demand for onsite products
(Reuters) – Fastenal surpassed fourth-quarter profit and revenue estimates on Thursday, as higher demand from manufacturers for its onsite products boosted sales of its products, such as safety[...]
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Target finance chief Fiddelke to assume COO role
(Reuters) -Target said on Thursday it has named finance chief Michael Fiddelke its new chief operating officer, effective Feb. 4, replacing long-time executive John Mulligan. Fiddelke, who has been Ta[...]
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Tougher EU money laundering rules target crypto and oligarchs”favourite toys’
By Huw Jones LONDON (Reuters) -The European Union on Thursday agreed tougher anti-money laundering rules for cryptoassets and dealers in luxury cars and yachts, warning that oligarchs and criminals co[...]
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