It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread 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
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
If Facebook cut corners in something as basic as the branding of its nascent crypto efforts, this dispute could give ammunition to its many critics.Financeread more
Moore's entry into the 2020 race is worrisome for the GOP, which sees the race as its best chance to pick up a Senate seat next year.Politicsread more
Notorious "pharma bro" Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin to resolve "all outstanding disputes" just week after he...Biotech and Pharmaceuticalsread more
Stocks rose on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The U.S. Treasury on Thursday postponed the 2-year note auction scheduled for Tuesday due to debt-ceiling constraints.
It said it also may have to postpone the Nov. 2 auction of 2-year notes. Two other auctions scheduled for next week will continue as scheduled.
"The current debt limit impasse is also now adversely affecting the operation of government financing, increasing federal government borrowing costs, reducing the Treasury bill supply, and increasing the operational risk associated with holding a lower cash balance," the department said.
The Treasury has a limited borrowing authority available and said that "cash and nonmarketable debt forecasts are extremely volatile." In mid-October, Treasury Secretary Lew told Congress the department estimates it may have less than $30 billion by early November to meet all of the nation's commitments.
"Treasury believes that postponing the auction for the 2-year note poses less risk for market functioning than postponing the 5-year or 7-year note offering. Once the debt limit impasse is resolved, Treasury will announce a rescheduling of the 2-year note auction."
Earlier this week, Lew told CNBC that he fears waiting until the last minute to raise the nation's borrowing authority could result in an accident "that would be terrible."