Finance

Take a look at some of the biggest movers in the premarket: JPMorgan Chase (JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line. PNC Financial (PNC) – PNC reported better-than-expected revenue and earnings for the
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Chip Somodevilla | Getty Images News | Getty Images President-elect Joe Biden’s pandemic relief package would extend income support for millions of unemployed workers through September 2021 and increase jobless benefits by $400 a week, according to a speech outlining his plan on Thursday night. Biden would also phase out higher unemployment benefits automatically over
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Wall Street may be in for a surprise. Ally Invest’s Lindsey Bell believes investors are underestimating the strength of earnings season, which kicks off Friday with the banks. “That’s my biggest call going into this earnings season,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Thursday. Refinitiv predicts S&P 500 fourth-quarter earnings results
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Raj Singh, chief executive officer of Accolade speaks during the GeekWire Summit event in Seattle, Washington, Oct. 3, 2018. David Ryder | Bloomberg | Getty Images Accolade, a health care technology company that helps employees navigate their medical plans, is buying telemedicine start-up 2nd.MD to bolster its ability to provide users with second opinions, CNBC
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Igor Golovniov/SOPA Images/LightRocket via Getty Images The programs include Pandemic Unemployment Assistance, for self-employed, gig and other workers who don’t qualify for state benefits, and Pandemic Emergency Unemployment Compensation, for those who deplete their standard allotment of state aid. The programs, created by the CARES Act, lapsed the day after Christmas. The new $900 billion
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Andy Beshear, governor of Kentucky Scotty Perry/Bloomberg via Getty Images Kentucky is sending $400 checks to thousands of unemployed workers in the state who didn’t qualify for an earlier round of relief authorized by President Donald Trump. Other workers whose jobless benefits have been significantly delayed will get $1,000 one-time payments. Gov. Andy Beshear signed
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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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The Going Jessies. Derek Wood (center), Angela Paradis (right) and James Breeding (left) Photo: Derek Wood Derek Wood was about to achieve a lifelong dream. Unemployment benefits may prove to be his foil. Wood, 49, a guitar player and songwriter from the Little Rock, Ark., area, who sings with a soulful country-blues croon, quit his
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Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of last year, complicating Chief Executive Officer Christian Sewings plan to turn around the lender through
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