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 narrow-body Airbus jets to expand service to more European cities.Airlinesread more
General Motors is driving up the ramp to the highway of its transformation journey, said Adam Jonas, Morgan Stanley's head of global autos and shared mobility research.
The car maker's stock price has risen about 18.5 percent over the past month, according to FactSet data, closing at nearly $45 on Thursday. The price has gotten ahead of itself, Jonas said, but it has opened up a limited window for General Motors and other auto companies to create new entities to fuel currency for partnerships and talent acquisition.
"The market's still good, the credit environment is still, let's say, open and accessible, if flattening a bit. And that's not gonna last forever," Jonas told CNBC's "Fast Money" on Thursday.
Jonas said auto companies "better make hay while the sun's shining because it's going to be harder to do those deals, attract talent and partnerships when you're hemorrhaging cash and your stock might be 50 percent lower or so. That window is going to close at some point."
General Motors will reportedly temporarily close a plant in Detroit that makes its Volt electric car due to slow demand. That does not represent General Motors' overall electric car outlook, as the Volt is in "its own world of pain," Jonas said.
Tesla will recall 11,000 Model X vehicles because their rear seats may not lock into place. Jonas said it's not high on Tesla's pecking order and could actually be a customer service opportunity for the electric car company.