The Latest Breaking News from CNBC

Microsoft is laying off 3% of its employees worldwide, with job cuts reportedly targeting layers of management.

A 90-day tariff cut between the US and China boosts stocks, yet Wall Street debates growth prospects against inflation risks.

Cadillac isn't the same brand it was 20 years ago. Its post-recession revival focused on ensuring its models were truly distinct from the other products within General Motors' portfolio. That wasn't the exact mentality at the company in the early 2000s when it developed the XLR as a secondary vehicle…

Markets soared on the news, though exact details still have to be ironed out.

"But what we do want is a decoupling for strategic necessities, which we were unable to obtain during COVID."

The United States and China have agreed to pause most tariffs for 90 days. The governments of both countries are reportedly likely to meet again to discuss further plans.

Hot Wheels toys could become far more expensive if President Trump has his way. On Thursday, the President threatened to enact a 100-percent tariff on Mattel, Hot Wheels' parent company, after its CEO promised to diversify its production to other countries (but not the United States).

President Donald Trump's claims that gasoline is $1.98 a gallon misconstrues the price of what drivers actually pay at the pump.

The landmark legislation failed to advance in the Senate because of the president's growing crypto empire

Uber CEO Dara Khosrowshahi is standing by the company's recent changes to employee benefits despite backlash from workers.

The U.S. jewelry company employs nearly 15,000 Thai workers to produce its charm bracelets and rings.