Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read 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
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread 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
Apple announced on Thursday that it will recall some 15-inch MacBook Pro laptops because they have batteries that may "overheat and pose a fire safety risk."Technologyread more
Health-care stocks have caught a cold this year, but one technical analyst sees the beginnings of a recovery.Trading Nationread more
Anyone wondering whether the business community is behind President Donald Trump only needs to look at financial markets for answers. Markets have been on a tear since the Republican won election in November. The has jumped more than 10 percent since, and the stock market in general has been off to one of the fastest starts ever for a new president.
For Mnuchin, that is a signal of optimism that the new administration will deliver on its promises for a booming economy.
"There's a lot of confidence in the Trump administration and in the desire to invest in the U.S.," he told CNBC in an exclusive interview Thursday. "This is a very competitive place to do business. We've got great companies, and you see that reflected in the markets."
During his first month in office, Trump has pushed an agenda that includes broad-based tax cuts, a reduction in regulations and a focus on government spending to upgrade the nation's aging infrastructure.
The markets have responded in kind, with the major averages getting a boost and a rush of investor money coming off the sidelines. Funds focused on U.S. stocks have taken in $52.3 billion in 2017 alone.
That's being seen in the administration as a victory.
"This is a mark-to-market business, and you see what the market thinks," Mnuchin said.
To be sure, the stock market is a risky indicator by which to judge progress.
Former President Barack Obama presided over the second-longest bull run in market history, but that translated into limited success on the economic growth front. The S&P 500 gained 167 percent during Obama's two terms, but GDP growth averaged just 1.6 percent.
However, Mnuchin said he "absolutely" believes the market is a good indicator of economic progress.
"We're in an environment where there's very attractive investment opportunities in the U.S., and I think that's reflective of the administration's goals and what the market thinks of it," he said.