Here are the 3 big ways Democrats’ social plan would expand health coverage
President Joe Biden on Oct. 29, 2021 in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images Insurance subsidies The measure would expand subsidies for health insurance in two ways, according to Cynthia Cox, director of the Affordable...
Biden to discuss intensifying supply chain challenges with G-20 leaders
A cargo ship moves under the Bayonne Bridge as it heads into port on October 13, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images WASHINGTON – President Joe Biden is expected to spotlight disruptions in the global supply...
Stocks making the biggest moves midday: Starbucks, Apple, Amazon, U.S. Steel and more
Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — Shares of U.S. Steel gained more than 12,9% as the company’s...
Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman called Friday for the Federal Reserve to begin reining in the support it has provided for the U.S. economy during...
Goldman Sachs is giving hedge fund clients crypto research from data firm The Block
Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has stared giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports Thursday via...
Inflation notches a fresh 30-year high as measured by the Fed’s favorite gauge
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Inflation rose 5% in the 12-month period ending in May, the biggest jump since August 2008. Food prices rose 2.2 percent for the same period. Scott...
Build Back Better Act would close tax loophole for crypto investors
Photo by Mike Kline (notkalvin) | Moment | Getty Images Proposed legislation unveiled Thursday as part of Democrats’ $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors. The Build Back Better Act would subject...
Jack Dorsey is worried about ‘hyperinflation’ — these experts say you shouldn’t be that scared
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey tweeted on Oct. 22. Later, in response to a follower’s follow-up question, Dorsey...
Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs
Treasury Secretary Janet Yellen asserted Friday that the administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. Speaking to CNBC from Rome where she is attending the G-20 conference of global leaders, Yellen renewed her push...
Alibaba is ramping up in Europe, and is already ahead of Amazon in one region
Employees pack crates with merchandise for orders at a Cainiao warehouse, the logistics subsidiary of Alibaba Group Holding, ahead of the company’s annual Singles’ Day shopping extravaganza in Wuxi, Jiangsu province, China, on Nov. 9, 2020. Qilai Shen | Bloomberg...