Benjamin Hall

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…

President-elect Donald Trump announced Friday his plan to nominate Scott Bessent, founder and CEO of Key Square Group LP, as Treasury secretary. The move places a seasoned hedge fund executive and Trump ally in a key role within the new administration's economic strategy. Bessent's appointment highlights Trump's focus on appointing market-savvy figures to guide the country's economic policy. Bessent, 62, has emerged as a strong contender for the position alongside names such as former Federal Reserve governor Kevin Warsh and private equity executive Marc Rowan. Known as a Wall Street heavyweight, Bessent brings decades of financial experience to the table…