Jeff Gundlach says stock market valuations are extraordinarily high, supported only by the Fed

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 […]

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JPMorgan is acquiring a major credit card rewards business in a bet that travel will rebound next year

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 […]

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Covid relief bill offers 11 weeks of extra unemployment benefits, $300 boost and a supplement for some gig workers

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 […]

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