The New York Empire State manufacturing index fell to -43.7 in January, according to the Federal Reserve, the lowest reading since May 2020, pointing to a sharp drop in manufacturing activity in the state.
Homeless accommodation group Home REIT said it is "extremely disappointed" with a material reduction in the estimated value of its portfolio after an audit wrote down valuations by nearly 58%, causing a significant number of shareholders to launch a claim against the business.
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