Category: Finance

President-elect Joe Biden’s proposed stimulus plan is the right medicine for an economy likely to see substandard growth in the first half of 2021, Boston Federal Reserve President Eric Rosengren said Friday. As the first central bank official called to publicly speak on the Biden plan, he said he was comfortable with the aggressive fiscal […]

Jeffrey Gundlach Adam Jeffery | CNBC Jeffrey Gundlach, founder of DoubleLine Capital, raised concerns on Monday about the stock market’s high valuation relative to historical levels and believes rising inflation could upend investors this year. “At extraordinarily high valuations is where we are, and its being supported by massive amounts of stimulus,” Gundlach told CNBC’s […]

Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively. The company began informing employees Monday that it will shut down by the end of next month, according to people with direct knowledge of the […]

JPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. The bank agreed Monday to acquire the technology platforms, travel agency, gift card and points businesses of cxLoyalty Group, a privately-held Stamford, Connecticut-based company, according […]

Ting Shen/Bloomberg via Getty Images Unemployed workers would get an extra 11 weeks of jobless benefits and a $300 weekly enhancement to aid payments as part of a Covid relief deal Congress reached Sunday. Certain self-employed and gig workers would also get an extra $100 a week, according to a document summarizing the legislation. The […]