Barack Obama said that U.S. authorities are investigating whether hackers unearthed and posted online financial information that belongs to first lady Michelle Obama and a variety of celebrities like Beyonce and Jay-Z.
Rep. Paul Ryan called his third budget an "invitation" to President Barack Obama and Senate Democrats to begin bargaining toward a deal to balance the budget.
Carlyle Group will now allow people to invest as little as $50,000 in its new buyout fund, a regulatory filing showed, as private-equity firms look to widen their customer base in search of new sources of funding.
Global oil demand is set to be depressed by weak economic growth throughout 2013 while soaring U.S. oil production gives consumers a cushion to withstand most supply outages, the IEA said.
A lobby group representing US technology companies is set to attack India for its domestic procurement policies at a congressional hearing Wednesday, in a sign of growing concern among multinationals about market access in the south Asian nation. The Financial Times reports.
Retail investors have missed out on the record rally in U.S equity markets because they don't want to risk losing their money again as financial institutions are seen as "too big to jail," James Bianco, president of Bianco Research, told CNBC on Wednesday.
Federal regulators have approved a Boeing plan to redesign the 787 Dreamliner's batteries, though extensive testing will be needed before the planes can fly passengers again.
The U.S. Treasury received about $489.9 million from the sale of General Motors shares in February, it said in its monthly report to Congress on its Troubled Asset Relief Program.
Illinois, which has the worst-funded state pension system in the United States, has agreed to settle charges alleging it repeatedly misled municipal bond investors about the underfunding of its pensions.
For all the talk you hear from Capitol Hill about running government more like a business, Congress has a retirement plan that would make any Fortune 500 executive blush.
The Dow and S&P 500 close at record highs. Discussing similarities with today's market rally and the 1980s, with David Bianco, Deutsche Bank, and Abigail Doolittle, The Seaport Group.
CNBC's John Harwood reports on new developments in the Congressional investigation of the IRS scandal. Jeffrey Lord, American Spectator, and David Goodfriend, Democratic strategist, discuss.