Hero Images | Getty ImagesThe U.S. spent about $3.5 trillion on health care in 2017, or about $11,000 per person. The average 65-year-old male-female couple retiring in 2019 will spend an estimated $285,000 on health care over the rest of their lives, according to Fidelity Investments. “Part of the conversation should be exploring how your client uses the health-care system,” said CFP Stacy Francis, president and CEO of Francis Financial in New York. Financial advisors who try to pinpoint an amo

Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup reported a better-than-expected quarterly profit, although sales were slightly below expectation as organic sales fell by 1%. Alphabet (GOOGL) – The company announced that co-founder Larry Page would step down as CEO, replaced by the CEO of its Google unit, Sundar Pichai. Salesforce.com (CRM) – Salesforce reported quarterly earnings of 75 cents per share, beating the consensus estimate of 66 cents a shar

Among the big three U.S. airlines, Delta is rated the highest for flights to both Europe and to Asia. It’s a primary reason Turkish Airlines was ranked number one between North America and Europe. Can the Delta, United and American eventually catch their foreign competitors in terms of passenger satisfaction to Europe and Asia? Top-rated airlines from North America to EuropeTurkish Airlines Virgin Atlantic British Airways and Delta (tie) Air France American Airlines United Airlines Lufthansa KLM

New York City is testing a pilot program that would take some deliveries out of the hands of drivers in cars and vans and put them on bikes. UPS, Amazon and DHL are taking part in the Commercial Cargo Bike Pilot Program, which launches Wednesday using bikes with large containers attached. The New York City Department of Transportation said their goal is to have 100 cargo bikes in the pilot. She noted that trucks have been involved in a disproportionately high number of cyclist fatalities in the

Hedge fund manager Kyle Bass, the often-bearish investor and outspoken China critic, told CNBC on Wednesday that he supports an effort by a U.S. lawmaker to terminate China’s candidacy for select World Bank loans. “Why on earth is the World Bank lending China $3 or $4 billion a year?” Bass told CNBC’s “Squawk Box.” “And the U.S. consumer — the U.S. taxpayer — is the guarantor of World Bank loans,” he added. “Imagine what kind of fraud is behind these companies,” Bass said in September.

Four law professors take the stand Wednesday as the House Judiciary Committee begins public impeachment hearings into President Donald Trump. Testifying are Noah Feldman of Harvard Law School, Pamela Karlan of Stanford Law School, Michael Gerhardt of the University of North Carolina School of Law and Jonathan Turley of the George Washington University Law School. The hearing follows two weeks of explosive public testimony before the House Intelligence Committee. House Judiciary Committee Chairma

Investor Peter Boockvar expects President Donald Trump won’t spoil Wall Street’s Christmas by launching tariffs. “I do not believe that they will follow through with the December tariffs,” Bleakley Advisory Group’s chief investment officer told CNBC’s “Trading Nation” on Tuesday. “If we do not have a [China trade] deal, I think they’ll couch it and we’re just postponing the tariffs.” “The administration knows how sensitive we are to the possibility of those extra tariffs particularly hitting the

U.S. services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages, which could revive fears about the economy’s health. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index fell to a reading of 53.9 in last month from 54.7 in October. A reading above 50 indicates expansion in the services sector, which accounts for more than two-thirds of U.S. economic activity. Economists polled by Re

Katie Dill is a long-time executive in Silicon Valley who currently serves as the vice president of design at Lyft. As someone who has successfully climbed the ranks in her career, Dill says there is one book that has impacted her professional life the most. I’ve read it three times, and it’s a book that I feel we all need to read.” “When I was interviewing, they told me that the design team was not in a very good state,” she says. That experience, Dill says, taught her the value in listening to

Ask a psychotherapist: How do I deal with a toxic boss? “Giving honest, candid feedback to your manager is one of the greatest things you can do,” psychotherapist, author and speaker Esther Perel said. Here are her three tips for handling a difficult boss at work.

There are three main signs that a boss is creating a toxic environment for their workers, says therapist, author and speaker Esther Perel. The stress from a toxic work environment affects not just individuals, but the business as a whole. She offers three steps that people can take to address a toxic manager. But if a boss is creating a toxic work setting for an entire team, it’s time for multiple members of the team to get involved. Give honest feedback to your bossThe worst thing workers can d

GoPro shares were up more than 5% in premarket trading Wednesday after the company a day earlier reported record Black Friday and Cyber Monday sales, which were boosted by new cameras. During Black Friday and Cyber Monday, GoPro’s total camera sales jumped 120% year-over-year in the time between the two shopping days. In October, just in time for holiday shopping, GoPro debuted two new cameras, the Hero8 Black and the Max, in addition to new GoPro app features. The cameras also generated “the hi

For all of Sen. Kamala Harris’s challenges gaining traction in the 2020 presidential campaign, she had remained the clear favorite in Hollywood. Now that the California Democrat is out of the race, the movie industry may be poised to coalesce around Mayor Pete. Fox and Frances McDormand, who previously maxed out their donations to the 37-year-old mayor of South Bend, Indiana. That’s behind Harris, who raised $1.18 million, but way ahead of Sen. Bernie Sanders, who’s third at $612,679. Harris sai

Peloton is releasing a new Apple Watch app and Amazon Fire TV integration, the company announced on Wednesday. Here’s the breakdown of what Peloton announced on Wednesday:Apple WatchPeloton built out an Apple Watch app so that users can get metrics about their workouts by glancing at their wrist. According to Peloton Digital’s senior vice president and general manager Karina Kogan, the Apple Watch app will allow runners to pause their workout by tapping on the smartwatch, versus having to pull o

Expedia announced Wednesday that CEO Mark Okerstrom and CFO Alan Pickerill are stepping down because of a fight over the travel company’s strategy. Expedia Chairman Barry Diller will manage day-to-day operations and will oversee its executive leadership team. Okerstrom moved up from CFO to CEO in 2017 when then-CEO Dara Khosrowshahi left the company to become chief executive of Uber. Peter Kern, our Vice Chairman, and I, will oversee the company’s executive leadership team, managing day-to-day o

But even as the new leader of Alphabet, Pichai is stuck between a rock and a hard place. (In fact, some Other Bets like the smart home company Nest and cybersecurity company Chronicle have been folded back into Google.) If Pichai decides it’s time to cut back on some Other Bets, he could still be outvoted by Page and Brin. Beyond the power dynamic between Page, Brin and Pichai, Google faces crisis after crisis, ranging from employee protests to antitrust investigations that threaten to break up

Activist investor Carl Icahn chastised HP’s board for rejecting Xerox’s takeover bid in an open letter to HP shareholders published Wednesday. Icahn urged HP shareholders to appeal to the company’s directors to further explore the possibility of an acquisition by Xerox. He suggests in the letter that HP’s executives have been motivated by selfish reasons in rejecting the takeover bid from Xerox. HP’s board unanimously voted last month to reject Xerox’s bid to acquire the company, claiming the of

A cashier places a bag of items in a customer’s shopping cart at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019. As retail continues to evolve thanks to e-commerce, big box retailer Target is finally keeping up, according to Cowen. The firm named the retailer as a “best idea” for 2020, as Target is both “profitable” and “innovative.” “We continue to foresee an environment of accelerating bifurcation in retail, with TGT well positioned as a long-term winner,” said Cow

Citi kept its sell rating on Tesla but raised its target price and said it saw improved free cash flow. Our 2019-20 EPS estimates rise reflecting the Q3 beat and expected Model Y pull-forward. We’re also introducing 2022E EPS of $13.33. Our price target rises to $222 from $191 on slight improvements to our probably-weighted terminal value approach. Our full bull case / moderate bull case / full bear base probabilities improve to 10/55/35 from prior 5/55/40, in order to reflect Tesla’s recently i