Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's CEO said that the company didn't want to go public via an IPO so that it could be as transparent and accessible as possible.Deals and IPOsread 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
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
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
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
Notorious "pharma bro" Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin just weeks ago after he sued two company directors and its...Biotech and Pharmaceuticalsread more
"The slowdown in the global economy is reaching this shore," veteran trader Art Cashin says.Economyread 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
JetBlue is ordering the longest-range Airbus jets to expand service to more European cities.Airlinesread more
U.S. Treasury prices gained on Wednesday after a Treasury Department auction of 10-year notes and the release of the Federal Reserve's Beige Book report.
Yields moved lower after the Treasury auctioned $21 billion in 10-year notes at a high yield of 2.09 percent on Wednesday afternoon. The bid-to-cover ratio, an indicator of demand, was 2.77.
Indirect bidders, which include major central banks, were awarded 71 percent, the highest since 2011. Direct bidders, which include domestic money managers, brought 11.3 percent.
The yield on 10-year notes touched a low of 2.042 percent, its lowest since October and down from 2.100 percent at the market close. (Treasury yields move inversely to prices: CNBC Explains.) The 5-year yield dropped to its lowest since late October, Reuters said, and last traded at 1.488 percent. The 2-year yield, meanwhile, hit its lowest level since December at 0.899.
The fall in yields also came as the three major U.S. stock averages all shed at least 1.5 percent of their value.
Treasury prices on Wednesday followed seesaw trading in oil, as crude futures were mixed after a surprise build in oil and gasoline barrels in the U.S. Brent and WTI crude oil futures traded below $31 per barrel on Wednesday, close to the psychologically important $30 mark. Initially, oil prices rose amid better-than-expected Chinese data.
In the Beige Book, the Fed said the U.S. economy continued to show mixed signals from late November to early January.
Chinese exports and imports fell by less than expected in December, leaving a trade surplus of over $60 billion for the month, according to official data.
"Weak oil prices will be a major factor behind default rates in 2016 and even if the latest rush of forecasts of oil reaching $25/20/10/bbl aren't proven right, the damage has already been done," he added.
In a Wednesday speech, Boston Fed President Eric Rosengren said global and U.S. economic growth may be slipping and force the Federal Reserve into a more gradual course of rate hikes than officials currently expect.
"While monetary policy should not overreact to short-term temporary fluctuations in financial markets, policy makers should take seriously the potential downside risk to their economic forecasts and manage those risks as we think about the appropriate path," Rosengren said.
On Thursday, the Treasury will auction $13 billion in 30-year bonds and will announce the size of next week's sale of 10-year Treasury Inflation Protected Securities (TIPS.)
— Reuters contributed to this report.