Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains travelling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
This just might be Fed Chair Jerome Powell's toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
Apple's iOS 13 update, which will be available in the fall for iPhones, will let Siri read your text messages to you through your AirPods. Here's how to set it up.Technologyread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
One Medical CEO Amir Rubin told CNBC on Friday the primary-care organization's recent investment from private equity firm Carlyle Group will help it reach its goal of decreasing overall health-care spending in the U.S.
On Wednesday, One Medical announced that it had received an investment of up to $350 million from Carlyle Group. Rubin said use of the new funds will include doubling its office space, expanding its membership footprint and aggressively hiring more medical professionals.
The group, which is backed by Alphabet's GV, has 72 offices across 9 cities.
"Our goal is to delight millions of consumers and take out 10 percent of the U.S. health-care spend," Rubin, a former executive of UnitedHealth Group, said in a "Squawk Box " interview. "So, we're thrilled with our partnership with Carlyle, and as we continue to grow we'll tackle that approach."
Rubin expects providing high-quality office visits will reduce a patient's need for additional appointments, thus reducing costs.
CNBC previously reported that One Medical was in talks with Carlyle. One Medical, which offers concierge-style primary care, allows patients same-day office visits and around-the-clock virtual medical assistance from professionals.
One Medical's approach comes as health spending rises in the U.S. and corporations begin to take the cost of care for employees into their own hands.
Berkshire Hathaway's Warren Buffett, Amazon's Jeff Bezos and J.P. Morgan's Jamie Dimon announced in January a venture designed to cut health costs and improve services for their U.S. employees. The three hope their companies' sheer sizes will help bring the necessary scale and resources to tackle the health-care system's most pertinent issues.
Dr. Atul Gawande, a surgeon who has written extensively about inefficiencies in the health-care system, was selected to lead the joint health-care venture.
Lowering the cost of health care and improving outcomes will be much tougher than it appears, experts say, with health spending representing 18 percent of gross domestic product and seen as rising.