Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread 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
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 IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread 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 chief executives from some of the biggest U.S. banks are expected to testify before the House Financial Services committee in March, two sources told CNBC.
J.P Morgan Chase CEO Jamie Dimon, Goldman Sachs' David Solomon and Wells Fargo's Tim Sloan are among the bank executives expected to testify, the sources said. Bank of America's Brian Moynihan and Morgan Stanley's James Gorman are also expected to testify.
The CEOs would be testifying in front of Rep. Maxine Waters, D-Calif., who became the committee's chair earlier this month. Waters recently met with Solomon and Dimon in private, people with direct knowledge of the matter have told CNBC.
One of the bank executives expected at the hearing told CNBC that Waters said "she wanted to get all the CEOs in to talk about how they could better support the economy."
One source told CNBC the testimony would likely be confrontational.
Waters has been a critic of the big banks throughout her career. Last year, she pledged to roll back deregulation efforts on the financial industry that were pushed through by the Trump administration and the Republican party.
She has also repeatedly sought documents from Deutsche Bank about Trump's finances and its role in a 2011 Russian money-laundering scheme. She went so far as to call for a subpoena of those documents, but Republicans in charge of the committee ignored her efforts. The bank told Congress that privacy laws prevented it from handing over such information.
The executives will also be testifying before Rep. Alexandria Ocasio-Cortez, D-N.Y. Recently, Ocasio-Cortez proposed a 70 percent tax rate on earnings above $10 million.
Correction: Rep. Alexandria Ocasio-Cortez recently proposed a 70 percent tax rate on earnings above $10 million. An earlier version misstated the figure.
—Reuters, and CNBC's John Harwood contributed to this report.