Bloomberg, the 77-year-old billionaire former mayor of New York, has said he will not conduct any fundraising and will self-finance a run for president. A private equity executive told CNBC on the condition of anonymity that a Bloomberg campaign represents an alternative to Biden and Harris. This executive preferred Biden and Harris to the field, but he has felt unimpressed with their campaigns in recent weeks. Biden, Warren, Sen. Bernie Sanders, Buttigieg and Harris will be under intense scruti

As more Americans find it harder to afford a home, rental demand is soaring, especially for single-family homes. The supply of rental homes is shrinking, and that continues to push rent prices higher, particularly on the lower end of the market. Those less expensive rentals, going for less than 75% of the median regional rent, jumped nearly 4% annually in September, according to CoreLogic. “Low rental supply coupled with ongoing demand pushed up rents in September,” said Molly Boesel, principal

D.C. Attorney General Karl Racine brought charges against DoorDash on Tuesday, accusing the company of pocketing tips meant for workers and misleading customers about where their money was going. Transparency is of paramount importance, which is why we publicly disclosed how our previous pay model worked in communications specifically created for Dashers, consumers and the general public starting in 2017. The charges follow an investigation Racine’s office launched in March which found DoorDash

Walmart is constantly evolving to avoid dying off, as plenty of other retailers have, according to the company’s chief executive officer. “Walmart is not arrogant,” CEO Doug McMillon said at CNBC’s Evolve Summit in Los Angeles on Tuesday morning. “We could go away at any minute. If you’re not willing to fail — and we are failing at some things — you’re going to go away.” McMillon went on to say that, at Walmart, “everything is open to change.”

President Donald Trump threatened higher tariffs on Chinese goods if that country does not make a deal on trade. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump said in the meeting. The U.S. and China agreed to a “phase one” trade deal in October, but Beijing and Washington have since sent mixed signals about how the countries will move forward. Trump later said that he had not agreed to scrap the tariffs, lowering hopes for a deal. White House economic advis

After the accident, the Federal Aviation Administration ordered more checks for cracks in CFM-56 engine fan blades. “We look forward to reviewing the NTSB’s recommendations and working with the manufacturers to prevent this type of event from ever happening again,” the low-cost airline said. The CFM-56 engines on the Southwest plane involved in the April 2018 accident are some of the most popular in the world and made by CFM International, joint venture of General Electric and France’s Safran. ”

November is the peak month for holiday spending pressure, according to Bankrate. Nearly half of gift-givers in the survey said they’re willing to break ranks with traditional, pull-out-all-the-stops spending. Strategies people are willing to embrace: About a quarter (24%) are willing to regift, 19% say they’d buy secondhand items and a few (16%) say they’d consider giving up gift-giving altogether. According to personal finance site Money Under 30, this demographic is positioned to spend the mos

Country Financial polled more than 1,000 adults in October. The average person said they would need $58,673, on average, to be totally free of all their cumulative debts this season, Country Financial found. There are good and bad types of debt, said Troy Frerichs, a vice president at Country Financial. That’s a hefty additional expense considering that credit card interest rates are down just slightly from record highs. The average card interest rate is 17.25%, according to CreditCards.com’s la

If both husband and wife reach age 65, the difference shrinks but persists: age 85.6 for women and age 83 for men. Here are some questions that women should get answered to help them know their full financial picture, in case they find themselves in that situation, based on Geller’s presentation. “Never sign a joint return unless you are comfortable with what it says,” Geller said. Unless it is set up as a corporation, there’s a good chance the income flows through your joint return. Never sign

Many Americans are feeling pretty good about their financial future, at least over the next year. Of those polled, 42% said their situation will be the same, and 13% said they thought they would be worse off. “People seem to be putting their heads in the sand with regard to what could be coming up for the financial future,” she said. In fact, of those surveyed, 65% said they think a recession is likely to occur over the next year. Hauer said the majority of Americans who think they’ll be better

Procrastination comes at a steep cost for older savers who want to hold off on taking mandated withdrawals from their retirement accounts. If you turned 70½ this year or you’re older, you’re on the hook for a required minimum distribution out of your individual retirement account and each of your 401(k) plans. “Now is the time to do it,” said Ed Slott, CPA and founder of Ed Slott and Co. in Rockville Centre, New York. Don’t’ overlook these benefitsThink about this risk before you jump on an IPOI

More than half of Americans are looking for adventure when it comes to travel in 2020, according to a new study from the Travel Channel. “That is up a little bit over last year,” said Mariel Clark, vice president of digital for HGTV and the Travel Channel, noting that 52% of respondents to the 2020 Leisure Travel Forecast indicated an itch for adventure, compared to 47% for 2019. Clark’s team looked to identify international and domestic destinations that “offer a great jumping off point for an

The Mazda Motor Corp. CX9 sits on display at the media preview of the 2009 New York International Auto Show in New York, U.S., on Thursday, April 9, 2009. Mazda is recalling nearly 117,000 U.S. vehicles for a second time to replace potentially deadly Takata air bag inflators. The action covers vehicles recalled from 2013 to 2017 that received Takata replacement inflators because parts from other manufacturers weren’t available. Takata used ammonium nitrate to create a small explosion to inflate

Eyeglasses retailer Warby Parker is launching its own line of contacts, available Tuesday in stores and online. Scout by Warby Parker, a daily lens, is the direct-to-consumer company’s first venture into contact lenses. Forty percent of Warby customers wear contacts on a regular basis in addition to their glasses, Gilboa said. Warby, which offers at-home try-ons for its glasses, is offering a similar model for its lenses. In select stores, customers can receive comprehensive eye exams and contac

With the flood of new streaming services, you might expect a favorite holiday movie is just a few clicks away. Cheery, family-friendly flicks like “Elf,” “Rudolph the Red Nosed Reindeer” and “Frosty the Snowman” won’t appear on popular platforms like Netflix, Disney+ or Amazon Prime Video, despite being massively popular movies for families to watch together. Fandango compiled a list of the 20 holiday classics that are currently unavailable on streaming services. Many of the films on the list ar

If you’ve ever eaten a hamburger at a fast-food restaurant, White Castle deserves at least some of the credit. It’s also widely regarded as the first fast-food hamburger chain in the United States. White Castle started in 1921 in Wichita, Kansas — decades before competitors McDonald’s or Restaurant Brands International’s Burger King arrived on the scene. Today, there are about 370 White Castle restaurants in 13 states. Throughout its nearly 100-year history, White Castle has been opposed to fran

Economic forecaster Lakshman Achuthan is detecting a stark disconnect between Wall Street and the economy. As stocks continue to hit new highs, he’s worried investors are wrongly assuming an economic revival is underway. “The actual data itself is just decelerating pretty hard actually,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. Achuthan, a former self-proclaimed super bull, began noticing slowdown signs in early 2018. “You could look outside of the

Ford Motor Executive Chairman Bill Ford, left, and actor Idris Elba next to Ford’s all-electric Mustang Mach-E GT SUV at Jet Center Los Angeles in Hawthorne, California on Sunday, Nov. 17, 2019. FordLOS ANGELES – Ford Motor on Sunday unveiled the 2021 Mustang Mach E, the automaker’s first all-electric performance SUV and the beginning of a new EV strategy for the company. Ford,PerformanceTop performance models of the Mustang Mach-E will achieve 0 to 60 miles per hour in the mid-3-second range wi

Kris Jenner is open to possible deals for her other kids’ businesses after beauty giant Coty agreed to pay $600 million for a majority stake in Kylie Cosmetics, founded by her daughter Kylie Jenner. Asked whether private equity firms looking consolidate their brands were calling since Monday’s Coty announcement, Kris Jenner said, “You know, a girl doesn’t talk about everything.” Under the Coty deal, Kylie Jenner would keep 49% of her eponymous cosmetics company. “I can’t think of a better match

Warren, in her announcement of the plan, accused Trump of making racist comments and employing people she labels as white nationalists, specifically immigration hardliner and top White House advisor Stephen Miller. Directing federal prosecutors to seek tougher penalties for individuals who commit hate crimes “regardless of their race, ethnicity, or supposed ideology.” Warren argues that students must be given adequate support in the classroom to recognize white nationalism and learn tolerance. D