Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
Oil jumped as much as 6% on Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter.Energy Commoditiesread more
For doubters thinking the rally is just a last gasp of the decade-long bull market, chart analysts are here to prove them wrong.Marketsread more
President Donald Trump on Thursday told reporters that "you'll soon find out" whether the U.S. will strike Iran.Politicsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
"I think there's a deceleration in the economy to the point where the railroads, the airlines, the companies, the lenders are all admitting that there's deceleration," says...Investingread more
Apple said in a letter released Thursday that tariffs could hurt its ability to compete globally.Technologyread more
Stocks gave back most of their gains on Thursday after the S&P 500 reached a record earlier in the day.US Marketsread more
J.J. Abrams is teaming up with his son Henry to create a five-part Spider-Man comic book series for Marvel Entertainment.Entertainmentread more
Trump tweets after an Iranian surface-to-air missile shot down a U.S. military surveillance drone in what the U.S. calls an "unprovoked attack."Politicsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
Calculating the exact tax revenue the U.S. Treasury loses when companies make acquisitions overseas is often daunting. But an estimate from nonpartisan congressional research suggests the U.S. could miss out on billions.
If the U.S. stopped corporations from moving overseas to gain tax advantages, it could raise an additional $19.46 billion over a decade, The Wall Street Journal reported. Researchers at the Joint Commission on Taxation based the estimate on past instances of reincorporation overseas for tax benefits, known as tax inversions.
Corporations can cut their U.S. tax bills through a variety of methods. Some choose to transfer pretax income from U.S. operations to foreign parent companies, the Journal said. Others will keep cash overseas, as it becomes taxable once it is brought to the U.S.
Estimating tax revenue is difficult because data from public filings can be unreliable and business structures vary from corporation to corporation, the Journal wrote. It also noted that deals currently in the works, including Mylan's $5.3 billion stock purchase of Abbott Laboratories' overseas generic drug business, were not included in the estimate.
—By CNBC staff