The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
VMware has become accepting of the corporate rush to the cloud. A new acquisition could help it make more revenue as companies adopt a modern approach called serverless...Technologyread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
If you want to be a member of the national finance committee for Joe Biden's 2020 presidential campaign, be prepared to raise up to $100,000.
The former vice president's campaign is calling on its network of bundlers to help put together thousands of dollars in contributions. There are four tiers of fundraisers in the Biden system, according to an invitation CNBC obtained through a donor who recently sent in a contribution.
The invitation pitches donors and fundraisers a chance to be one of Biden's "most dedicated supporters" and to help "fuel a professional and inclusive campaign."
A spokesperson for the Biden campaign declined to comment.
Biden's bundler targets are the latest signs that the Democratic frontrunner is distancing himself from rivals such as Sens. Bernie Sanders and Elizabeth Warren, who have sought to build goodwill among grassroots donors while shunning big-money backers.
So far, Biden's early fundraising strategy appears to be paying off. He racked up $6.3 million in his first full day in the campaign, ahead of the rest of the primary field. He has also roped in supporters from the finance, real estate and media industries, including famed short seller Jim Chanos, real estate executive Bruce Mosler and private equity executive Sandy Robertson.
Biden will be coming to New York on June 17 for fundraising events, including one hosted by Chanos and featuring Gov. Andrew Cuomo, who will introduce the former vice president. A group of fundraisers met at Robertson's San Francisco home on Sunday with two senior campaign advisors to discuss their strategy for the Bay Area. Biden is expected to start a fundraising tour there at the end of June.
Meanwhile, the former vice president is preparing to go to Chicago for another round of fundraising events starting June 12. While visiting the Windy City, he will be hosted by Robert Wislow, the chairman of commercial real estate behemoth CBRE Group, according to people familiar with the matter. Tickets for the gathering are expected to go up to $2,800, these people added.
Wislow supported Barack Obama when he first ran for president in 2008, but he has contributed to Republican causes as well. He also hosted fundraisers for former Chicago mayor and Obama chief of staff Rahm Emanuel.
Wislow did not respond to repeated requests for comment.