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 rallied on Thursday as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.US Marketsread more
Some investors are concerned about the future of Facebook after shareholders approved a new class of nonvoting Class C shares on Monday.
"You're basically placing all of your trust into the genius of one person, and even a great genius sometimes makes mistakes," Charles Elson, director of the University of Delaware's John L. Weinberg Center for Corporate Governance, told CNBC's "Closing Bell. "
In April, CEO Mark Zuckerberg said that the new stock structure would enable him to help Facebook "continue to build for the long term," while allowing him and his wife to pursue their philanthropic efforts. The structure allows the Facebook founder to sell his nonvoting shares, while retaining Class A and B shares, allowing Zuckerberg to retain control of the company.
Elson said that voting rights give shareholders means to "protect their capital by replacing management, replacing the board."
Facebook's new structure, he argued, puts investors at risk by lowering accountability for Zuckerberg, who Elson sees as a "talented CEO."
Shareholder Julie Goodridge of NorthStar Asset Management told "Closing Bell" on Monday that she's not happy with the new share structure.
"My beef with Mark Zuckerberg is, look, it's fine if you want to maintain massive control of the company. You should've hung on to 51 percent of the shares. That's just fair and makes a whole lot of sense. He would've accomplished the same goal," said Goodridge.
Shareholder Ross Gerber, CEO of Gerber Kawasaki, disagreed, saying that investors have to accept that Zuckerberg is running the company on his terms.
"My thing is if you don't like it, don't buy the stock. ... If you don't like the structure and the way you're investing with Zuckerberg, then don't invest in Zuckerberg," Gerber said.
Facebook declined to comment to CNBC.