Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Attorney General Eric Holder confirmed on Wednesday that the Justice Department was investigating the massive hacking of consumer data from retailer Target during the holiday shopping season.
Testifying at a Senate hearing, Holder said the department would seek not only to find the perpetrators, but also "any individuals and groups who exploit that data via credit card fraud.''
Target has said a breach of its networks resulted in the theft of about 40 million credit and debit card records and 70 million other records with customer information such as addresses and telephone numbers.
(Read more: )
The Secret Service, a branch of the Treasury Department, usually takes the lead in credit card breach investigations for the federal government.
In his statement to senators, Holder said the Justice Department took reports of data breaches seriously.
"While we generally do not discuss specific matters under investigation, I can confirm the department is investigating the breach involving the U.S.retailer, Target,'' he said.
(Read more: )
Reuters reported on Jan. 23 that the FBI had warned U.S.retailers to prepare for more cyberattacks after discovering about 20 hacking cases over the past year that involved the same kind of malicious software used against Target during the holiday shopping season.
Separately Wednesday, Democratic lawmakers asked Neiman Marcus for information and documents relating to the upscale retailer's recent cybersecurity breach that involved customer data. Earlier this month, Neiman Marcus said about 1.1 million customer payment cards may have been affected in a breach last year.
Democrats on the House Energy and Commerce Committee wrote to Neiman Marcus's chief executive, Karen Katz, seeking more details so they could "fully understand ... how this theft of confidential customer information occurred.''
The committee is expected to hold a hearing on the data breaches in early February. The lawmakers also asked Target executives last week for more documents in the wake of the massive data breach in November and December.
—By Reuters with CNBC.com.