U.S. housing starts jumped to their highest level in nearly 7-1/2 years in April and permits soared, hopeful signs for an economy that is struggling to regain strong momentum after a dismal first quarter.
Starbucks Corp., which has offered company stock for store workers for more than two decades, will now begin picking up most of the tab for workers to get a degree through Arizona State University online.
Home Depot Inc., the largest U.S. home-improvement retailer, forecast 2014 earnings growth that trailed some analysts’ estimates while also saying it would meet a profitability goal earlier than expected.
U.S. benchmark stock indexes extended records, while silver and gold rose, as Federal Reserve chairman nominee Janet Yellen said she wants to maintain stimulus until the economy improves. The yen and euro weakened as reports showed slowing economic growth.
U.S. stocks fluctuated, after the longest streak of weekly gains since February, as investors awaited retailer earnings reports to gauge the strength of consumer demand and the likelihood of cuts to monetary stimulus.