The Secure Act, as the measure is called, aims to increase the ranks of retirement savers and the amount they put away. Janhvi Bhojwani | CNBCThe Secure Act, if passed by both chambers of Congress and signed into law by President Trump, would bring the biggest changes to the U.S. retirement system since 2006. Bipartisan support hasn’t been enough to get the Secure Act across the finish line. After the bill passed the House in late May, the Senate moved to pass it under a process called unanimous

Walmart has seen “a little bit” of customer-dissatisfaction after the retailer tightened gun and ammunition policies in response to two fatal shootings over the summer at its stores, according to CEO Doug McMillon. The moves came after a July shooting at a Walmart store in Mississippi, where two people were killed, and another one in August at a Walmart in El Paso, Texas, where 22 people were killed. Last week, the El Paso Walmart reopened with increased security. “But El Paso really thrust us i

Stephen Hahn, nominee to be commissioner of the Food and Drug Administration, testifies during his confirmation hearing in the Senate Health, Education, Labor and Pensions Committee on Wednesday, Nov. 20, 2019. President Donald Trump’s nominee to run the Food and Drug Administration was grilled at his Senate confirmation hearing Wednesday about he would tackle the teen vaping epidemic. Dr. Stephen Hahn was pressed at the Senate Health, Education, Labor and Pensions Committee hearing. “We need an

After cracking the billion-dollar mark, it seems Warner Bros. is interested in letting Todd Phillips direct another “Joker” movie. According to a report from The Hollywood Reporter, Phillips is currently in talks with the studio to direct a second “Joker” film, with Joaquin Phoenix back to star. Phoenix reportedly had a sequel option in his initial contract with Warner Bros.”Joker” is the fourth DC title to surpassed $1 billion at the box office. He left that meeting with the rights to at least

Lyft co-founder and President John Zimmer, acknowledging the rough ride on Wall Street since their March initial public offering, said on Wednesday that he believes the stock is a good buy right now. “I feel a deep amount of responsibility.” However, he said, “I feel like the stock is undervalued. Lyft priced its IPO at $72 per share on March 28. When trading started the next day, the stock was up as much as 23% during its first session, before closing just 8.7% higher.

Mercedes-Benz USA CEO Nicholas Speeks said sales of electric vehicles are getting a boost from owners spreading the word about their performance to other drivers. I think it’s getting cars on the road and having people speak of their experience positively,” Speeks said on “Squawk Alley.” For a decade, EVs have primarily been produced to meet government fuel economy standards with more eco-friendly alternatives to fossil fuels. There are more than 1.18 million electric vehicles on U.S. roads as o

Tech stocks are trading at their most expensive valuation since January 2005. The XLK technology ETF, which mirrors the S&P 500 information technology sector, trades at 21 times forward earnings. That is its highest forward earnings multiple in nearly 15 years. [It is] trading 35 times forward earnings, [nearly] double the S&P. AMD is currently trading at 39 times forward earnings, while Salesforce is at 53 times.

Charles Barkley is apologizing after making “unacceptable” comments toward a female journalist this week. Axios reporter Alexi McCammond tweeted late Tuesday that the retired NBA basketball player told her, “I don’t hit women but if I did I would hit you.” McCammond said she immediately objected to the comments, and that Barkley told her she “couldn’t take a joke.” “My comment was inappropriate and unacceptable,” Barkley said Wednesday in a statement issued by representatives. Correction: This s

GM says that Fiat Chrysler “corrupted” collective bargaining agreements between GM and UAW in 2009, 2011 and 2015 by paying millions in dollars in bribes. GM said the alleged bribery scheme was authorized at the highest levels of Fiat Chrysler, including the company’s late CEO Sergio Marchionne. Fiat Chrysler called the lawsuit “meritless” and said it plans to vigorously defend it. Glidden also said the lawsuit won’t affect existing collective bargaining agreements, and that there are no current

Here are some thoughts on Disney+, including what’s good and what can be improved. What’s good: Great material at a fair priceA scene from “The Mandalorian,” an original Star Wars TV series that will stream on Disney+. DisneyDisney+ has a ton of content, including a lot movies and TV shows that millennials and GenX grew up with and haven’t watched in years. Then there’s the whole Star Wars series and a bunch of earlier Star Wars TV shows, which I have yet to dive in to. It’s fun and exciting and

Sen. Bernie Sanders (I-VT), former Vice President Joe Biden, and Sen. Elizabeth Warren (D-MA) enter the stage before the Democratic Presidential Debate at Otterbein University on October 15, 2019 in Westerville, Ohio. Democratic presidential hopefuls will take the stage together for the fifth time Wednesday night as the top contenders jockey for position and the flagging candidates look for a breakout moment. The 2020 presidential primary debate will go from 9 p.m. to 11 p.m. Former Vice Preside

Still, a relief rally could be looming for some of the hard-hit retailers like Home Depot, based on a CNBC analysis of recent Black Friday period trading history, conducted using the Kensho hedge fund analytics tool. The SPDR S&P Retail ETF, the XRT, fell by nearly 2% on Tuesday, with disappointing results from Home Depot and Kohl’s pressuring the sector. Home Depot and Kohl’s both reported a miss on revenue, while lowering their full-year forecasts. But over the past 5 years, the S&P 500 Retail

Morgan Stanley issued its tenth annual list of “secular growth stocks” on Wednesday, which is the firm’s list of the top 35 companies that it expects will “grow strongly well into the future” regardless of the strength of their respective industries. All of the companies on Morgan Stanley’s list are expected to have compound annual growth rates of 10% for earnings, revenue or both over the next three years. A few of the highlights from Morgan Stanley’s list are Amazon, Tesla, The Blackstone Grou

On Feb. 14, 1996, a then-43-year-old Belichick was let go as the head coach of the Cleveland Browns after five seasons. That’s when Belichick pitched himself to Jerry Jones, according to the Dallas Cowboys owner. At the time, Barry Switzer was the head coach for the Cowboys. Belichick was hired by the Patriots to be the assistant head coach under head coach Bill Parcells on Feb. 16, 1996. The following year in 1997, Belichick signed with The New York Jets as assistant head coach for three season

The new movie “Dark Waters” may be about an attorney’s battle against chemical company DuPont, but the film could shine a sharper spotlight on the industry in general, hurting companies like 3M, Bank of America Merrill Lynch said on Wednesday. “Dark Waters” was produced by Participant Media, which was also behind public-discourse sparking movies like “An Inconvenient Truth,” “Food, Inc.” and “Spotlight.” And Bank of America said it could “raise public awareness of PFAS and increase pressure for

Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City. Target is far and away the best performing retail stock of 2019. After reporting third-quarter results on Wednesday that crushed Wall Street’s expectation, Target shares rose 12% from its previous close of $110.85. Target’s shares are up nearly 90% this year, topping even the strong performances of TJX Companies and Walmart, and is this year

Beijing needs to quit playing around and make a deal: Senator HawleySenator Josh Hawley (R-Mo.) joins ‘The Exchange’ to discuss a new bill that aims to protect human rights in Hong Kong and the news that the first phase of a trade deal is not happening.

The end of first-class travelFirst class air travel has often been a playground for the rich and famous. In recent years, a strong economy and industry consolidation has allowed the airlines to invest in more fuel efficient planes with better suites focusing on premium classes. Watch this video to find out more about how airlines make money in their premium cabins.

The minutes noted that Fed officials also met by videoconference on Oct. 10 to discuss a strategy. The repo market is considered the plumbing of the U.S. financial system as it is the place where banks go for the overnight loans they use to fund operations. The standing repo idea is a popular one on Wall Street. In addition to the standing repo, officials discussed “modestly sized, relatively frequent repo” operations that nonetheless would not be permanent. Fed officials said they will continue

The Chinese ambassador to the U.K., Liu Xiaoming, has met with British Foreign Secretary Dominic Raab to urge the U.K to “stop condoning extreme, violent offences,” a spokesperson for the Chinese Embassy in London has told CNBC. This comes as the British government has lashed out at China over its alleged torture of a former worker at the U.K.’s Hong Kong consulate. In an email Wednesday afternoon, the Chinese Embassy spokesperson revealed that Ambassador Liu had met with Raab on Tuesday to expr