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The US Forest Service moved Tuesday to rescind a decades-old rule protecting undeveloped national forest land, a step the administration says will help address wildfire risk but that environmental groups argue would have the opposite effect. The proposed rule would eliminate the 2001 Roadless …
The Securities and Exchange Commission proposed a new rule Tuesday intended to create a clearer pathway for digital asset offerings, exempting certain transactions from standard securities registration requirements as broader crypto legislation remains stalled in Congress. The proposal, called Regulation Crypto Assets, is described …
A proposal by securities regulators to eliminate a longstanding rule designed to ensure investors receive the best available price when trading stocks has drawn significant pushback. Hundreds of public comments were filed with the Securities and Exchange Commission ahead of a Monday deadline, submitted …
Global diesel markets are tightening as buyers compete for a shrinking pool of available supply, with disruptions in both Russia and the Middle East converging to push prices sharply higher. The benchmark European diesel price reached $167 a barrel in recent trading, compared with …
A new federal housing law is aimed at making it easier and less expensive to build modular and manufactured homes across the United States, addressing a segment of the housing market that has long remained on the fringe. Modular homes are built in sections …
Frasers Group said Tuesday that it now holds nearly 48% of shares in Hugo Boss after the acceptance period for itsTakeoveroffer concluded last Thursday. The British retail company, founded by Mike Ashley, said it received acceptances for 12.2 million Hugo Boss shares during the …
Long-term government bond yields jumped across major developed economies as investors reassessed fiscal sustainability andInflationrisk. US 30-year Treasury yields reached their highest level since 2007, briefly pushing above the 5% threshold before paring gains to trade lower by roughly 2.4 basis points at 5.286%. …
US single-family homebuilding fell sharply in July, dropping 9.9% to a seasonally adjusted annual rate of 808,000 units, the lowest level since November 2022, according to Commerce Department data released Tuesday. On a year-over-year basis, single-family starts were down 15.7%. Permits for future single-family …
Houthi militants are escalating attacks along Yemen's Red Sea coastline, forcing the closure of a strategic seaport and increasing pressure near the Bab al-Mandeb, a critical global shipping chokepoint. Recent missile and drone attacks by the group led to the closure of the port …
Klarna shares fell sharply Tuesday after the payments company lowered its full-year outlook even as it returned to profitability and posted higherRevenuefor the second quarter. The stock was recently down 18% to $15.98 in premarket trading, extending a decline that has left shares down …
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