Investments and Business

The U.S. job market showed mixed signals in October, as job postings increased while hiring fell, according to data released Tuesday by the Bureau of Labor Statistics (BLS). The report, part of the Job Openings and Labor Turnover Survey (JOLTS), revealed a complex picture of the jobs landscape during a month in which overall job growth hit its lowest point in nearly four years. Employers reported 7.74 million job postings in October, an increase of 372,000 from September and beating estimates by 7.5 million. This increased the job vacancy rate to 4.6%, up from 4.4% the previous month. Despite the…

A red hat reading “Keep America Great” perched on a Christmas tree during a rally in Michigan in December 2019 symbolized the intersection of politics and culture in the United States. Four years later, the 2024 presidential election has once again drawn a sharp line through consumer sentiment, reflecting the confidence – or concerns – of voters as the holiday shopping season begins. Black Friday, the unofficial start of the holiday shopping season, is taking on a new tone this year as political divisions creep into consumer behavior. CNBC spoke to shoppers across the country, including Texas, Michigan, New Jersey,…

US-China economic relations are facing new uncertainties after President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese imports. The announcement, made on its social media platform Truth Social, signals a significant escalation in trade tensions between the world's two largest economies. Trump's statement came shortly after he revealed his intention to enact a 25% tariff on all imports from Mexico and Canada as one of his first executive actions on Jan. 20, the day he took office. This move is expected to effectively dismantle the existing regional free trade agreement between the three nations. Trump…

Databricks, one of the world's most valuable private technology companies, is raising billions of dollars in new funding as it chooses to delay its long-awaited public offering, sources familiar with the matter told CNBC. The San Francisco-based company is reportedly securing at least $5 billion in its latest funding round, with the potential to raise as much as $8 billion as discussions progress. This new round would push Databricks' valuation to $55 billion, making it one of the most valuable private technology companies globally. The funding round, according to insiders, is partly designed to allow employees to sell shares, easing…