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

Ray Dalio built the world’s largest hedge fund, Bridgewater Associates, which currently has about $150 billion in assets under management. To help those in poverty, Yunus started a microcredit program to lend even $25 to borrowers in need. “Geoff Canada, Harlem Children’s, he is a shaper and a disruptor and a smart, good man,” Dalio told Combs, who agreed. After graduating, Canada started Harlem Children’s Zone, hoping to “move the needle” and help those in poverty in the area, according to the

You could say that an entrepreneurial spirit runs in Jesus Campos’ family. Tax records show over $71,000 in Amazon transactions in 2018; Campos took home just over $20,000 of that, pretax. CNBC Make ItAt first, Campos kept the products in the apartment he shares with his wife, two children and his wife’s family. Build up cash reservesThe most glaring issue with Campos’ finances, Boneparth says, is that he has no liquid savings. CNBC Make It”You want to use a 401(k) as a place of last resort,” sa

A man uses a credit card to pay for gas in Miami, Florida. Getty ImagesAmerica is a nation of contrasts, and credit card debt is no exception. In Cupertino, California, home to Apple’s $5 billion corporate headquarters, card debt can be repaid in just over 12 months, the shortest such timeline in the country. In fact, nearly all of the cities with the least sustainable card debt levels are in the South, and the ones with the best levels are in the West or East. In other words, credit card debt i

Goldman Sachs is in advanced negotiations with the U.S. Department of Justice to pay about $2 billion in fines tied to its role in the 1MDB scandal, according to people with knowledge of the matter. Goldman bankers have been accused of helping a Malaysian financier plunder billions of dollars from the $6.5 billion 1MDB investment fund, money that was meant to spur the country’s economic development. The Wall Street Journal first reported the details of the potential settlement, and Bloomberg was

Impeachment could have policy implications, says Pimco’s Libby CantrillLibby Cantrill of Pimco and Jim Paulsen of Leuthold Group join “Squawk on the Street” to discuss the implication of impeachment for the markets and for U.S. policy.

Watch CNBC’s full interview with Treasury Secretary Steven MnuchinTreasury Secretary Steven Mnuchin joins “Squawk on the Street” to discuss President Trump’s impeachment, trade and more.

Why Ford is risking the Mustang to take on TeslaFord is introducing a new, eco-friendly electric four-door crossover. The Mustang Mach-E is making waves in the electric car community and will compete with Tesla for satisfied drivers. Some car enthusiasts challenge Ford’s decision to replace Mustang’s namesake 8-cylinder engine. But others argue a Mustang is a Mustang.

The U.K. saw electricity generation from renewables hit 28.8 terawatt hours (TWh) in the third quarter of 2019, according to figures released Thursday, just bettering gas-generated electricity. The Department of for Business, Energy and Industrial Strategy’s Energy Trends publication shows that renewables’ share of electricity generation hit 38.9% between July and September. By contrast, low carbon electricity’s share grew to 57.3%, a record high that was boosted by generation from renewables. B

A video making the rounds on Wall Street of a hedge-fund billionaire bragging about his wealth in the backseat of a New York City taxicab might as well be a Sen. Elizabeth Warren presidential campaign ad, CNBC’s Jim Cramer said Thursday. “This was paid for by Elizabeth Warren,” Cramer said, jokingly, after watching the video of BlueCrest Capital Management co-founder Michael Platt on “Squawk on the Street.” “That’s the kind of thing — Elizabeth Warren is sitting there trying to find the 10 peopl

In the case of the American economy over the past decade, it rings true. Put another way, the U.S. has avoided a recession for an entire calendar decade for the first time ever. Fiscal stimulus during the crisis, such as the Troubled Asset Relief Program (TARP) and the Economic Recovery Act, also helped sustain the U.S. economic recovery, according to Torsten Slok, chief economist at Deutsche Bank. But it has also been a factor contributing to weaker economic growth over the past decade. “At thi