Finance News | LeadStory

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$1.8 billion Christmas Eve Powerball jackpot won in Arkansas

The Christmas Eve Powerball jackpot worth $1.817 billion, the second-largest ever, was won by a single ticket sold in Arkansas.

CBS America

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Rich world's rate-cut momentum fading away

This year has seen a series of rate cuts across major central banks around the world. But with many policy-makers signaling they're near or at the end of that cycle, what does 2026 have in store for central bank watchers?

Bloomberg

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Powerball jackpot reaches whopping $1.7 billion for Christmas Eve

The Powerball jackpot grew to more than $1.7 billion after no winning tickets from Monday's drawing. CBS News' Tom Hanson has more details.

CBS America

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Spain's Christmas lottery spreads shared wins nationwide

Spain is celebrating as its annual Christmas lottery, El Gordo — the "Fat One" — shared a €2.7 billion prize pot among thousands of winners nationwide, offering a collective note of luck to close out 2025.

DW News

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AI Innovation isn't slowing down, Theory's Tunguz says

Tomasz Tunguz, general partner at Theory Ventures, says AI innovation isn't showing signs of slowing down, but state-level regulation like the one recently passed in New York could hurt startups.

Bloomberg

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Gold climbs to record high amid geopolitical tensions

Gold rose to an all-time high as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades. Bloomberg's Martin Ritchie breaks down the situation.

Bloomberg

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Inside the idea of 50-year mortgages

Carter Evans reports on the perceived benefits and downsides of 50-year mortgages.

CBS America

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Dalio: Why Market Crises Keep Changing the Rules for Investors

The first 25 years of this century delivered one upheaval after another: the dot-com crash, the housing collapse, the Great Financial Crisis, unprecedented rounds of quantitative easing, a historic pandemic, an inflation surge, and a ret...

Bloomberg

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Texas crypto boom sparks backlash over ‘noise pollution’

Crypto mines have proliferated in Texas, drawn by cheap land, tax incentives, and a deregulated energy market. Their rapid expansion is causing significant conflict with local communities, particularly over noise pollution.

Al Jazeera

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Bank of England: What to expect from today's decision

The Bank of England will likely deliver a pre-Christmas interest-rate cut on Thursday as concerns shift away from inflation and toward the UK's struggling economy and jobs market. Bloomberg's Ven Ram reports.

Bloomberg

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Why Labubu maker Pop Mart's shares are plunging

A 40% slide in shares of Pop Mart from a peak in August shows growing worries that Labubu mania may be fading. Lackluster US Black Friday sales and cooling resale demand are also reviving comparisons to the 1990s Beanie Babies bust.

Bloomberg

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EU leaders to vote on Ukraine loan backed by frozen Russian assets

EU leaders will gather in the coming hours to vote on potentially using nearly 200 billion dollars in frozen Russian assets to support Ukraine. But it's a controversial and risky plan.

Al Jazeera

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Is the EU using digital euro to take control of your wallet?

Numerous rumors about the digital euro have been circulating on social media for months. According to some users, the currency will be used to monitor financial transactions or could even threaten individual freedoms. The Cube has debunk...

Euronews

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UK inflation drop clears way for BOE rate cut

Santander Economist Victoria Clarke reacts to UK inflation data which slipped to its lowest level in eight months, a bigger than expected drop that clears the path to an interest-rate cut at the Bank of England on Thursday. She speaks on...

Bloomberg

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Banks slam OCC's initial blessing for crypto trust U.S. charters

The Office of the Comptroller of the Currency's decision to grant limited banking charters to cryptocurrency companies is likely to face legal challenges from banks and even state regulators.

Bloomberg

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Holiday jackpot: Powerball could make a billionaire this week

Powerball’s jackpot hits $1.25B, the sixth-largest ever, marking rare back-to-back billion-dollar prizes just before Christmas.

Scripps News

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Nasdaq seeks SEC approval for 23-Hour weekday trading

Nasdaq Inc. asked the U.S. Securities and Exchange Commission for permission to add an additional trading session, from 9 p.m. to 4 a.m. ET, to extend trading hours on its stock venues to 23 hours during the work week.

Bloomberg

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HK's red-hot IPO market closing 2025 with rush of deals

Hong Kong's IPO market, which has raised more than $34 billion this year, is in its busiest month for listings in at least four years. That's as companies rush to list their shares. Bloomberg's Dave Sebastian reports.

Bloomberg

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Robinhood's on 2026 crypto plans for U.S., EU

Johann Kerbrat, Robinhood SVP and General Manager of Crypto, discusses the company's crypto plans and new tools for advanced traders. He tells Romaine Bostick and Katie Greifeld on "The Close" that Robinhood plans to expand crypto featur...

Bloomberg

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What are Europeans cutting back on to make ends meet?

Amid cost-of-living troubles, the 2025 festivities are likely to be subdued for many who have had to give up on amenities and, in some cases, opt for low-key Christmas plans.

Euronews

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Fed set up to keep cutting rates in 2026, Newedge's Dawson says

Newedge Wealth CIO Cameron Dawson says it's the ultimate "party on, Garth" type of market environment. Speaking during an interview with Matt Miller on "Bloomberg Open Interest," Dawson also says she expects the Federal Reserve to keep c...

Bloomberg

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Too soon to tell who winners are in AI, Misra says

JPMorgan Core Plus Bond ETF Portfolio Manager Priya Misra says it's too soon to say who the winners and losers are yet when it comes to artificial intelligence stocks. That's why she says it's so important to have a diverse portfolio tha...

Bloomberg

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Bank of France hit with legal complaint

The case opens a new chapter in ongoing efforts to clarify France’s role during the Rwanda genocide. A judicial investigation is expected to determine whether the central bank failed in its duty of oversight.

Africanews

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Entrepreneur Do Kwon gets 15 years in jail over 'epic' crypto fraud

TerraUSD and Luna creator Do Kwon has been sentenced to 15 years in prison for orchestrating a massive crypto fraud. The collapse of his tokens wiped out $40 billion in value and devastated thousands of investors worldwide.

Reuters

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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