Reuters USA

WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded in December, but the increase was likely temporary as permits for future construction continued to decline amid higher mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, increased 11.3% to a seasonally adjusted annual rate of 909,000 units last month, the highest level since August, …

U.S. single-family housing starts rebound in December Read More »

(Reuters) – Cryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. A bankruptcy filing has been expected for weeks, after the company froze customer redemptions on Nov. 16 following the downfall of major cryptocurrency exchange FTX. …

Crypto lender Genesis preparing to file for bankruptcy – Bloomberg News Read More »

(Reuters) – U.S. stock indexes opened lower on Thursday as recession worries resurfaced, while shares of Procter & Gamble fell as it warned of cost pressures. The Dow Jones Industrial Average fell 125.61 points, or 0.38%, at the open to 33,171.35. The S&P 500 opened lower by 17.02 points, or 0.43%, at 3,911.84, while the …

Wall St opens lower amid recession worries Read More »

(Reuters) -Citigroup Inc has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that “has the effect” of Texas halting Citi’s ability to underwrite most municipal bond offerings in the state. Republicans have been ramping up pressure on the finance industry over what they say are their …

Texas AG to halt most of Citigroup’s municipal offerings on gun law row Read More »

By Lindsay Dunsmuir (Reuters) – The Federal Reserve will probably need to raise interest rates to “just above” 5% and then hold them there for a period, Boston Fed President Susan Collins said on Thursday, the latest U.S. central banker to maintain a higher policy rate is needed to successfully bring down inflation. “I anticipate …

Fed’s Collins sees U.S. interest rate hike peak “just above” 5% Read More »

By Andrea Shalal DAKAR (Reuters) -U.S. Treasury Secretary Janet Yellen will kick off a year of visits by top U.S. officials to Africa on Friday aiming to firm up U.S.-Africa ties after decades in which China has dominated investment across the continent. In a speech to be delivered at a business event in Senegal’s capital …

Deeper ties on Yellen’s mind as U.S begins year of African engagement Read More »

JERUSALEM (Reuters) – Israel has not identified any evidence linking strokes to an updated coronavirus vaccine made by U.S. drugmaker Pfizer and its German partner BioNTech SE, according to a health ministry official. On Friday, the U.S. Food and Drug Administration (FDA) and the Centres for Disease Control and Prevention said that a safety monitoring …

Israel says has not found a link between Pfizer COVID shot and stroke Read More »

By Tom Balmforth and Olena Harmash KYIV (Reuters) -Kyiv urged Western allies on Thursday to hurry up and supply tanks and air defence systems, saying Ukraine was paying in lives for the slow pace of discussions in foreign capitals. “We have no time, the world does not have this time,” said Andriy Yermak, head of …

Ukraine says it is paying in lives as tank debate drags on Read More »

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains tight despite higher interest rates. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 190,000 for the week ended Jan. 14, the Labor Department said on Thursday. Economists polled by …

U.S. weekly jobless claims unexpectedly fall Read More »