Starbucks is set to report its fourth straight quarter of comparable sales decline in what could be another blow for efforts to revive demand at the struggling coffee chain.
Read More Starbucks sales set to drop again as investors wait for turnaround
Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.
Read More US business activity at nine-month low in January; hiring accelerates
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
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 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
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