The U.S. housing market is expected to give further proof of a long, slow-motion decline with the release of the housing starts & permits report from the Department of Commerce on Wednesday. The starts index could potentially fall to levels not seen…(read more)

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A report from Wells Fargo and the National Association of Home Builders (NAHB) reports that confidence amongst homebuilders has plummeted from one all-time low to another in November. The NAHB housing market index tumbled five points to a reading of 9…(read more)

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A commodities trader is alleged to have manipulated his options book to hide losses, which cost the Bank of Montreal at least C$327 million . David Lee, 36, a former natural-gas trader at the bank, pleaded guilty last week to criminal charges and is now…(read more)

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