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Headlines from CNBC

  • Microsoft Unveils New Xbox, Plans Exclusive Games Wednesday, 22 May 2013 | 11:16 AM ET
    Microsoft's Xbox One.

    Microsoft debuted its long-anticipated next generation Xbox, called the "Xbox One," a device that allows users to switch more easily between entertainment options.

  • IRS Official Denies Wrongdoing, Invokes Fifth Wednesday, 22 May 2013 | 10:48 AM ET
    The IRS' Lois Lerner speaks before refusing to testify at a House hearing on May 22, 2013.

    The IRS official at the center of a tax scandal about extra scrutiny of conservative groups asserted her constitutional right not to answer questions.

  • Bill Targets Rental Companies' Defective Vehicles Wednesday, 22 May 2013 | 10:36 AM ET

    The Raechel and Jacqueline Houck Safe Rental Car Act of 2013 would ban companies from renting a recalled vehicle until the safety hazard is fixed.

  • Why Millionaire Investors Are Holding On to Cash Wednesday, 22 May 2013 | 10:35 AM ET

    Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.

  • US Home Sales at Highest Level in More Than 3 Years Wednesday, 22 May 2013 | 10:11 AM ET

    U.S. home sales rise slightly to 4.97 million in April, their highest level in 3 1/2 years, as inventories jump.

  • Bernanke: Too Soon to Taper Bond Buys Wednesday, 22 May 2013 | 10:01 AM ET
    Federal Reserve Board Chairman Ben Bernanke testifies during a hearing before the Joint Economic Committee May 22, 2013 on Capitol Hill in Washington, DC.

    Fed Chair Ben Bernanke told Congress the U.S. job market remains weak, and it is too soon to end its stimulus. Stocks spiked on his comments.

  • Gotta Give Her Credit: Women Score Better on Debt Wednesday, 22 May 2013 | 9:22 AM ET

    Women averaged a credit score of 675 compared to the male average of 674, according to the credit score agency Experian.

  • Fed Hawks, Doves Divided Over Improved Labor Market Wednesday, 22 May 2013 | 9:13 AM ET
    Ben Bernanke

    As the Federal Reserve mulls reducing asset purchases, the improved labor market is spurring debate between Fed "hawks" and "doves" over what the right policy decision should be.

  • Rallies End Sometime, but This One May Not End Soon Wednesday, 22 May 2013 | 7:34 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Market rallies have to end sometime for sure, but history suggests the current one, despite its seemingly bloated nature, doesn't have to end soon.

  • Killer Tornado: Scenes From Oklahoma Wednesday, 22 May 2013 | 6:45 AM ET
    A child is rescued from the debris following a devastating tornado that ripped through Moore, Oklahoma.

    Monster. That's what they're calling the tornado that barreled through the Oklahoma City area. Here are heartbreaking scenes.

  • Lowe's Earnings Miss as Cool Weather Damps Sales Wednesday, 22 May 2013 | 6:24 AM ET

    Lowe's reported quarterly earnings that missed analysts' expectations on Wednesday, sending shares lower in pre-market trading.

  • Two Global Companies Just Moved for Tax Reasons Wednesday, 22 May 2013 | 5:41 AM ET

    Even as Apple faced a grilling from lawmakers over its tax avoidance schemes, two more companies revealed they would move jurisdictions to lighten their tax burden.

  • This Bonus Cap May Put Pressure on US Banks Wednesday, 22 May 2013 | 5:10 AM ET

    As EU regulators mull introducing the world's strictest bonus cap, the president of the European parliament told CNBC that the plan could put pressure on the U.S. to follow suit.

  • Oklahoma: Where Financial Relief Will Come From Wednesday, 22 May 2013 | 2:44 AM ET
    Cars are piled up after a devastating tornado hits Moore, Oklahoma are marked with with spray paint after they were searched for victims.

    Once the dust settles and the victims have been accounted for, Moore, Okla., will begin the gargantuan task of rebuilding itself. It's a task that will take billions of dollars in federal and state aid, insurance claims and charitable donations, the CSM reports.

  • Kids Turn to Twitter, Shun Facebook 'Drama' Wednesday, 22 May 2013 | 2:29 AM ET

    Teen use of Twitter has grown significantly, a new report into social media networks shows, while Facebook is losing market share to its quick-messaging rival.

  • Forget the Headlines: Chinese Buying Big in US Wednesday, 22 May 2013 | 12:00 AM ET
    China Construction of America has successfully bid for state-level and municipal projects in the United  States, such as the $407 million Alexander Hamilton Bridge rehabilitation, seen here.

    Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.

  • Bernanke Expected to Deliver Dovish Message Tuesday, 21 May 2013 | 3:24 PM ET
    Federal Reserve Chairman Ben Bernanke

    The Fed Chairman is expected to maintain his dovish tone when he speaks to Congress Wednesday and dispel notions the Fed is ready to cut back its easing policy.

  • Oklahoma Twister Among Five Costliest in History Tuesday, 21 May 2013 | 2:13 PM ET
    Debris and devastation laid in wake of a devastating tornado in Moore, Oklahoma.

    The physical and economic toll of the tornado in Oklahoma will rank among the most costliest weather events of its kind.

  • Jamie Dimon Crushes Critics With Astounding Win Tuesday, 21 May 2013 | 1:56 PM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    JPMorgan Chase honcho Jamie Dimon beat back critics, deafeating a proposal to strip him of his chairman title. A big victory for the brash leader of the country's largest bank.

  • Why Fannie Mae Shot Up 400% in Three Months Tuesday, 21 May 2013 | 12:08 PM ET

    Fannie Mae common shares have soared, but there may not be a happy ending for investors.