Finance News | LeadStory

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Oracle slides on AI spending, erases over $100B in market value

Oracle Corp. shares plunged after the company escalated its spending on AI data centers and other equipment, erasing more than $100 billion in market value. The latest earning report and share slide marks a reversal of fortunes for a com...

Bloomberg

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What the Fed rate cut means for consumers

The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it ...

CBS America

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SpaceX said to pursue 2026 IPO, raising far above $30 Billion

Phil Haslett, co-founder and chief strategy officer at EquityZen, one of the largest platforms for pre-IPO shares - weighs in on Bloomberg's exclusive report that SpaceX is moving ahead with plans for an IPO that would seek to raise sign...

Bloomberg

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Millions in U.S. face soaring health costs as subsidies set to expire

Millions of Americans face soaring health insurance costs as Obamacare subsidies expire, with patients and hospitals bracing for impact.

Al Jazeera

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Uganda to receive $1.7 billion of U.S. funding under new health deal

Uganda and the United States have signed a $2.3 billion health cooperation agreement, which includes up to $1.7 billion of U.S. support to the Ugandan health system over the next five years.

Africanews

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What does the Fed's rate cut mean for consumers?

The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, the third rate cut this year. CBS News business analyst Jill Schlesinger has more.

CBS America

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Trump preparing to install new Federal Reserve chair

The Federal Reserve announced Wednesday it's cutting its benchmark interest rate by 0.25 percentage points. The move comes as President Trump prepares to install a replacement for Fed Chair Jerome Powell. CBS News White House reporter Ol...

CBS America

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Federal Reserve cuts interest rates by 0.25 percentage points

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points Wednesday, bringing the federal funds rate to its lowest level in more than three years. CBS News' Kelly O'Grady and Olivia Rinaldi have more.

CBS News

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Federal Reserve interest rate cut expected. How will economy react?

The Federal Reserve is expected to announce an interest rate cut as the nation navigates an affordability crunch. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.

CBS America

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Crypto's hottest trade crumples

One of the hottest trends for crypto in 2025 is reversing. Among the US and Canadian-listed companies that became digital asset treasuries, or DATs, the median stock price has fallen 45% this year, according to data compiled by Bloomberg.

Bloomberg

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Wall Street gets a head start over retail in prediction bets

Prediction markets have grown rapidly in 2025. Now Wall Street might be getting a head start over retail with prediction bets. Bloomberg's Lydia Beyoud reports on "Bloomberg Crypto"

Bloomberg

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Bankers readying U.S. IPOs ahead of 2026

Behind The scenes, the U.S. IPO market is heating up. With equity indexes near record highs and companies emerging from the shutdown backlog, bankers say they're seeing a surge in mandates and early signs that 2026 could be a breakout year.

Bloomberg

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More than 75% of homes on the market are unaffordable, study finds

Homeownership feels increasingly out of reach for many American families. A new study found that more than 75% of homes across the U.S. are unaffordable for the average household.

CBS News

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Republicans to offer alternative health care bill amid expiring ACA

The Senate is expected to vote on Thursday on a Democratic proposal to extend Affordable Care Act Subsidies. The Democratic plan is not expected to pass, but Republicans acknowledged this is a critical issue for voters and are expected t...

CBS America

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Oil steady after biggest decline in three weeks

Oil prices steadied after the biggest drop in almost three weeks, as traders look to upcoming reports to assess the extent of the glut. The Energy Information Administration is set to release its Short-Term Energy Outlook on Tuesday, wit...

Bloomberg

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Helpful information on preventing pipes from freezing

According to Robert Gildersleve, general manager at Petri Plumbing, older homes are especially vulnerable to frozen pipes.

News 12

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Louvre says hundreds of works damaged by water leak in late November

A water leak in late November damaged several hundred works in the Louvre's Egyptian department weeks after a brazen jewel theft raised concerns over its infrastructure.

France 24

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Copper demand to outstrip supply: BloombergNEF

Kwasi Ampofo, analyst at BloombergNEF, says demand for copper is going to rise to about 50 million tonnes from 30 million tonnes in the next 25 years, and that miners will struggle to supply the market.

Bloomberg

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Americans face tough decisions with holiday spending in full swing

Economists say holiday spending is growing over last year, but at a slower pace. Americans are facing higher prices without seeing more in their paychecks and that's leading to tough decisions at the register.

CBS America

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Legendary architect and designer Frank Gehry dies aged 96

Among his many masterpieces were the Guggenheim Museum in Bilbao, Spain; The Walt Disney Concert Hall in Los Angeles and Berlin’s DZ Bank Building.

Euronews

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Passage: Remembering architect Frank Gehry

"Sunday Morning" remembers some of the notable figures who left us this week, including celebrated architect Frank Gehry, who brought a unique vision to skylines around the world.

CBS News

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Notre-Dame's triumphant return: One year of record-breaking visits

Last year, Paris' Louvre museum welcomed 8.7 million visitors, and the Eiffel Tower some 7 million, impressive numbers that pale in comparison that of people who visited Notre-Dame. Sunday marks one year since the cathedral reopened its ...

France 24

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Grand Cairo Museum visitors so captivated that they fall into water

After 10 years of waiting, the Grand Cairo Museum opened its doors in early November – a grand project commissioned by President Sissi, who hopes to attract 7 million additional visitors. The first of them seem so captivated by the Statu...

France 24

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Influential architect Frank Gehry dies, 96

One of the world's most influential architects Frank Gehry has died at the age of 96. Known for his whimsical, unpredictable style, he rose to fame with his titanium design for the Guggenheim Museum in Bilbao.

Al Jazeera

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Frank Gehry, master "starchitect," dies at 96

He was one of the superstars of modern architecture. Franck Gehry died in Santa Monica, California, leaving behind some iconic works, such as the Guggenheim Museum in Bilbao and the Louis Vuitton Foundation in France.

France 24

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Wall St. races to cut its risk from AI's borrowing binge

Wall Street is gearing up to lend massive amounts of money to the biggest players in AI - and simultaneously trying to figure out how to protect itself from any bubble that its financing may be helping to inflate.

Bloomberg

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European housing market is on fire — what will the EU do?

Housing has become a hot topic across the 27-member bloc and Dan Jørgensen is the first-ever European Commissioner appointed to handle the situation. Will it help?

Euronews

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Malawi battles forex shortage amid digital payment crisis

Malawi is struggling with a severe foreign exchange crisis, leaving banks unable to supply businesses with the forex they need. Online transactions using digital cards have become increasingly unreliable, forcing traders to seek costly a...

DW News

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Hong Kong fire survivors allowed brief return to collect belongings

Residents of Wang Fuk Court returned to salvage belongings from the only block left standing after last week’s devastating fire. Authorities continue a criminal probe as mourners gather near the charred complex, with over 30 people still...

Reuters

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Australian miner rally set to extend in 2026

Australia's mining sector could see more gains next year as trade risks ease and China's economy picks up. That could spur a more durable rotation into the sector, which is closely tied to the global economic outlook.

Bloomberg