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
Warren Buffett's Berkshire Hathaway stands to reap a $37 billion windfall from the tax reform bill Congress passed in December.
The boon results from the diversified conglomerate lowering its tax liability on appreciated investments, according to Barclays. The measure of assets minus liabilities rose 12 percent, a number that corresponds to the earnings gain the company could receive, Barclays said. Morgan Stanley has put the earnings increase closer to 14 percent, according to Bloomberg, which first reported the Berkshire gain.
Congress passed a reform package that slashed the corporate rate from 35 percent to 21 percent while closing some loopholes and preserving others.
Buffett has long railed against corporate tax cuts, reasoning that his companies and others like it are doing just fine even with what had been the highest rate in the world.
"We have a lot of businesses... I don't think any of them are non-competitive in the world because of the corporate tax rate," Buffett told CNBC back in October.