And politicians are using the opportunity to help fix the pensions and health-care benefits for one group of workers: coal miners. The measure would help ensure that the 1974 United Mine Workers of America Pension Plan won’t become insolvent. The measure, if passed, would represent a much bigger change compared to the miners’ legislation. Chuck Grassley, R-Iowa, and Lamar Alexander, R-Tenn., last month put forward their own proposal to help shore up multiemployer pension plans. It also proposes

Getty ImagesAmid the political noise in Washington, D.C., wealthy investors are going with an asset class they know best: real estate. TIGER 21, an organization of about 750 people with at least $10 million to invest, stands for The Investment Group for Enhanced Results in the 21st Century. Low interest rates have made real estate more attractive, according to Michael Sonnenfeldt, founder of TIGER 21. Rather than pouring $1 million into any one private equity entity, these investors might make 2

Volkswagen, Volvo and others have discussed plans for autonomous vehicles or services but have not given exact details on timing. GM, Volkswagen, Nissan and others have announced plans to sell 1 million all-electric vehicles or more globally a year during the 2020s. It has since lowered those expectations to 4.4 million vehicles, up from an expected 2.6 million in 2019. Lack of charging infrastructure, lower-than-expected gas prices and battery costs all contribute to the lackluster sales of all

Lasry and Effron were members of Harris’ finance committee, which included other Wall Street players such as Frank Baker, co-founder of Siris Capital Group. Lasry and Effron are the latest Wall Street figures to back Biden. The support of Lasry and Effron comes at a crucial time for Biden. Lasry and Effron were marquee fundraisers for former President Barack Obama and Democratic candidate Hillary Clinton. Lasry, Effron and a spokesman for Biden did not return a request for comment.

Getty ImagesThe merger market for technology firms slowed down in 2019 as buyers, heeding Warren Buffett’s warnings about high stock prices raising risks, backed off from many deals. Berkshire Hathaway chairman and CEO Warren Buffett is sitting on roughly $130 billion in cash specifically because he said the current stock market and bidding on acquisition targets has made deals too expensive. The biggest was the $35 billion deal between FIS and Worldpay, followed by the $27 billion deal by the L

“Cats” seemed to have it all — a stellar cast, memorable music from a Tony Award-winning Broadway show and the careful guidance of acclaimed director Tom Hooper. “Oh God, my eyes,” Ty Burr, a writer for the Boston Globe, wrote in his review of the film. “You’ve heard of the ‘uncanny valley’ effect?” The digital era has given us many examples of the uncanny valley, but ‘Cats’ is the first movie to entirely set up shop there.” Currently, the film holds a 17% “Rotten” score on review site Rotten To

The Mustang is one of Ford’s crown jewels and perhaps one of the most significant cars of all time. But now the Mustang name is about to enter an entirely new era, and not everyone is happy about it. But Mustang sales have fallen off a cliff since the car’s most recent redesign in 2015. BMW’s sport utility vehicles, for example, made up 37.3% of the brand’s sales in 2018, an increase over the 33.8% in 2017. Automakers are frenetically making electric vehicles to both comply with increasingly str

That represents a 3.7-month supply at the current sales pace, down from a 4-month supply a year ago. Supply is leanest on the low end, where demand is strongest. Supply is only growing on the high end of the market, where demand is weakest. The housing shortage has reignited home prices, which had been cooling last year and into the first months of this year. “At the very high end there is supply, but there are not many buyers at the very high end of market.”

The biggest legislative changes to America’s retirement system in 13 years are on their way. “The Secure Act has been years in the making,” said Paul Richman, chief government and political affairs officer at the Insured Retirement Institute. It also would raise the age when required minimum distributions, or RMDs, from certain retirement accounts must start to 72, up from 70½. Additionally, the measure aims to allow more annuities in 401(k) plans by eliminating companies’ fear of legal liabilit

Holz said Obamacare remains an overhang on the sector, “although we can deal with the clouds as opposed to the appeals court having more issues with Obamacare as it’s currently designed.” The appeals court, in its ruling, did declare the individual mandate provision in Obamacare unconstitutional, arguing it can “no longer be read as a tax,” siding with the lower court judge. Steven Halper, a senior health-care analyst at Cantor Fitzgerald, said in a note to clients Thursday that health-care stoc

Presidential candidate Mike Bloomberg on Thursday unveiled his health-care plan, which includes a public option and is similar to former Vice President Joe Biden’s proposal. In a statement, Bloomberg, who has a net worth of just over $54 billion, pledged to provide universal health care and reinvigorate President Barack Obama’s signature health-care law, the Affordable Care Act, if he were to become president. “President Trump has spent three years sabotaging the Affordable Care Act and offering

The Senate passed the first of two spending bills it plans to approve Thursday to prevent a government shutdown. Congress appears poised to avoid another shutdown after lawmakers avoided a major dispute with the president over funding for barriers at the U.S.-Mexico border. It took months, and two short-term spending bills, for lawmakers to agree on where to actually send the money. Democrats have pointed to what they call several priorities included in the sprawling spending package. Trump and

Most people give up on their New Year’s resolutions after just a week — only about one in five people can maintain a resolution for two years, according to a frequently-cited study. Though experts used to think that a lack of willpower was the primary reason people abandoned their resolutions, decades of research suggest it’s far more nuanced. “People who recognize that their willpower will not sustain their behavior change are very clear thinkers, because it won’t,” Donald Edmondson, associate

How a 24-year-old making $110,000 in Brooklyn spends his moneyJesus Campos, 24, lives in Brooklyn, NY and earns $110,000 a year as a supervisor at a utilities company. This is an installment of CNBC Make It’s Millennial Money series, which profiles people across the U.S. and details how they earn, spend and save their money.

So even with our annual passive income of $250,000, we’re still short nearly $60,000 per year. Together, we earned roughly $250,000 in passive income streams per year — mostly from dividend-paying stocks, interest from savings, municipal bonds, and rental income. I had amassed a net worth of about $3 million that generated roughly $80,000 in investment income per year. At 1.5%, the required capital to generate $50,000 in passive income is over $3.3 million. While the increase helps, it still doe

Live Nation and the Justice Department will announce a settlement over ticketing practices, a source close to the situation told CNBC on Thursday. Shares of Live Nation jumped 9% on the news. Live Nation will extend the terms of the consent decree, or merger settlement, an additional five and a half years through December 2025, according to the source. With the extension, Live Nation will adopt some clarifications, confirming there will be no conditions in which Live Nation will threaten to reta

Facebook will not allow anyone on its platform, including politicians, to post misleading information about the 2020 Census, the company announced Thursday. Facebook rolled out its new census interference policy in a blog post as the tech industry prepares to fight misinformation that plagued the 2016 election cycle. Facebook’s census policy, which includes new guidelines for advertisers, takes a much harder line on misinformation than its general political advertising policy. Facebook’s new ad

If you’re constantly obsessing about money, you’re not alone. Realize that debt is often a part of lifeDon’t assume that just because you have debt, you’re bad with money. Consider how much debt you actually haveIt’s not that you shouldn’t be concerned about carrying debt. If that number comes out to 36% or higher, lenders consider that a high risk debt load, according to Bankrate. Ask yourself whether you’re making progressAsk yourself: Are you doing everything possible, given your circumstance

Bill Gates got a lot done in his 20s: After taking a leave of absence from Harvard, he formed a computer software company with his high school friend Paul Allen. That company became Microsoft, one of the most valuable publicly traded companies in the world. He also sacrificed a lot of sleep in those early Microsoft days. “I routinely pulled all-nighters when we had to deliver a piece of software,” the self-made billionaire writes on his blog. Today, at 64, the billionaire philanthropist has a di

At the start of the decade, Suze Orman had it all: she hosted popular TV shows, wrote regular columns in national magazines and had a speaking gig that took her all over the world. But it took shutting it all down in 2016, when she retired at 65, to teach her an important lesson: “It’s never too late to start a new chapter in your life,” Orman tells CNBC Make It. From left to right, Suze Orman, Kathy Travis, Richard Branson, Vivian Tam and guest attend Time’s 100 most influential people in May 2