Catastrophe risk modeling firm KCC is estimating insured losses of about $28 billion from the Los Angeles wildfires, making them the costliest wildfires in U.S. history.
Read More LA fire insured losses estimated at $28 billion, KCC says
Category: Business
US single-family housing starts, permits rise to 10-month high
Single-family homebuilding increased to a 10-month high in December, indicating that construction activity regained some momentum at the end of the year.
Read More US single-family housing starts, permits rise to 10-month high
UnitedHealth Group CEO says complex US healthcare system needs to change
UnitedHealth CEO said that healthcare in the U.S. needs to be “less confusing, less complex and less costly” during the company’s first earnings call since the murder of Brian Thompson.
Read More UnitedHealth Group CEO says complex US healthcare system needs to change
US blacklists company that ordered TSMC chip found in Huawei processor
More than a dozen Chinese entities were added to the restricted trade list, including a company whose TSMC-made chip was illegally incorporated into a Huawei AI processor.
Read More US blacklists company that ordered TSMC chip found in Huawei processor
US bans imports from 37 more Chinese companies over Uyghur forced labor, including Huafu Fashion
The United States is targeting 37 textile, mining and solar companies, the Department of Homeland Security said.
Read More US bans imports from 37 more Chinese companies over Uyghur forced labor, including Huafu Fashion
S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
Stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week.
Read More S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025