Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace.
Databricks is raising at least $5 billion in cash -- though it could raise as much as $8 billion -- pegging its new valuation at $55 billion, sources say.
President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social.