Bloomberg The biggest US homebuilders group urged the Biden administration to help increase lumber supply, saying record-high costs threaten to price potential home buyers out of the market and curb construction. The administration needs to remove import tariffs on Canadian lumber and urge producers to boost output, the National Association of Home Builders (NAHB) said on its website. In November, the …

Bloomberg In a quiet week by 2021 standards, the speculative excesses that have defined this bull market hit new records with little fanfare. Wild trades from penny stocks and “meme” cryptocurrencies companies surged to all-time highs. US equity indexes rises anew. And skeptics on the everything rally found more reasons to fret over market froth. Stocks have added more than …

Bloomberg Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line …