Finance News | LeadStory

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BlackRock total assets hit record $14 trillion on ETF surge

BlackRock pulled in $342 billion of total client cash in the fourth quarter, pushing the firm to a record $14 trillion of assets as it integrates a string of recent acquisitions to become a force in private markets.

Bloomberg

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Goldman Sachs equity traders set Wall Street revenue record

Goldman Sachs Group Inc. set an all-time Wall Street record of $4.31 billion for equities-trading revenue in the final three months of last year and the bank also raised its dividend to $4.50 per share. Dani Burger reports on Bloomberg T...

Bloomberg

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Makoko demolitions leave thousands homeless in Lagos

Makoko, often described as a floating slum, has existed for decades and is home to tens of thousands of people who depend largely on fishing and small-scale trading.

Africanews

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U.S. home resales climb to fastest pace since 2023

Sales of previously owned homes in the US climbed in December as contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023. Michael McKee reports on Bloomberg Television.

Bloomberg

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Citi sees M&A fee haul surge 84% in fourth quarter

Citigroup posted an 84% surge in financial advisory fees in the fourth quarter, capping a year in which the firm's revenue from handling mergers rose by more than half to an all-time record.

Bloomberg

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Bank of America tops estimates on equity trading boost

Bank of America saw revenue from equity trading rise 23% to $2.02 billion and net interest income topped analysts' estimates as traders posted a strong fourth quarter. Dani Burger reports on Bloomberg Television.

Bloomberg

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Wells Fargo misses profit estimates as NII falls short

Wells Fargo fell short of analysts' profit estimates as net interest income fell short of expectations and severance costs drove up expenses in the fourth quarter.

Bloomberg

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Wall Street falls with financials hit amid credit card rate plan

U.S. stocks ended lower, led by a drop in financial shares as comments from JPMorgan executives added to worries about U.S. President Donald Trump's recent proposal for a cap on credit‑card rates.

Reuters

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What a 10% credit card interest rate cap could mean for borrowers

The Dow Jones fell nearly 400 points on Tuesday as traders reacted to President Trump's proposal to cap credit card interest rates at 10% for one year.

CBS America

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U.S. Congress introduces crypto market structure legislation

Under the new proposal, many digital-asset companies would continue to be able to offer rewards to customers who hold stablecoins. A markup meeting is planned for Thursday.

Bloomberg

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Millions of student loan borrowers face new repayment rules

After a five-year pause, federal student loan wage garnishments are resuming, with 15% of borrowers’ paychecks at risk. The early end of the SAVE plan and new repayment rules in 2026 will mean higher bills for millions. Borrowers are urg...

Scripps News

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Data shows hedge funds thrived in 2025

Hedge fund investors haven't had it this good since the aftermath of the financial crisis. Data compiled by industry tracker Hedge Fund Research showing that the industry posted its best year since 2009, with gains of about 12.6%.

Bloomberg

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Global central bankers defend Fed's Powell after Trump threat

The chiefs of many of the world's major central banks issued a joint statement in support of Federal Reserve chair Jerome Powell on Tuesday, after the Trump administration threatened him with a criminal indictment.

Reuters

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Can Trump cap credit card rates for one year? Here's what to know.

President Trump says he wants to cap credit card interest rates at 10% for a year by Jan. 20. CBS News business analyst Jill Schlesinger breaks down if the president has the ability to cap rates and what it would mean for you.

CBS America

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JPMorgan sees surprise drop in investment-banking fees

JPMorgan's investment-banking fees unexpectedly fell in the fourth quarter, while the bank delivered results that otherwise mostly beat consensus. Dani Burger reports on Bloomberg Television.

Bloomberg

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U.S. Fed Chair calls probe on him 'retaliation' over interest rates

US President Donald Trump has taken his battle with the Federal Reserve to another level. Fed Chair Jerome Powell announced on January 11 that Trump's Department of Justice has served the central bank with subpoenas is threatening Powell...

France 24

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Trump unveils plan to make buying a house more affordable

President Trump has unveiled two policies aimed at making home ownership more affordable. One is to ban large investors from buying single-family homes and another is for the federal government to purchase $200 billion in mortgage bonds....

CBS America

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How the Federal Reserve gained its independence

Federal Reserve Chair Jerome Powell this weekend said that the Justice Department's investigation into him is a major test of the central bank's independence, which has been the norm since 1951. CBS News' Lindsey Reiser explains how the ...

CBS America

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Kenyan women's fight for their land rights after death of husbands

Thousands of widows, unaware of their constitutional rights, face losing everything.

Africanews

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Netflix stock is pricey even after Warner Bros.-induced selloff

Shares of Netflix have tumbled since October, when the streaming giant became one of the presumed suitors for Warner Bros. Discovery. But despite a 28% plunge in less than three months, the stock still appears to be too expensive to enti...

Bloomberg

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Wages of student loan borrowers in default may be garnished

The Department of Education is sending out wage garnishment notices this week that could impact millions of student loan borrowers who have defaulted. CBS News business analyst Jill Schlesinger explains who is affected and what to do if ...

CBS America

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Govt may seize wages, tax refunds for defaulted student loans

The U.S. government is sending notices to borrowers who may have defaulted on student loans. CBS News' Jill Schlesinger breaks down how your wages and tax returns could be at stake.

CBS America

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Fed's Miran is looking for about 1.5 points of cuts in 2026

Federal Reserve Governor Stephen Miran said he is looking for about 150 basis points of interest rate cuts to boost the labor market. Miran added, "underlying inflation is running at 2.3%, that's within noise of our target."

Bloomberg

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16-story building under construction in Nairobi collapses

A multi-story building in Kenya’s capital Nairobi collapsed on Friday, leaving an unknown number of people trapped beneath the rubble.

Africanews

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Do Europeans believe their pensions will still exist when they retire?

A new survey finds that state pensions are considered too low, but there is no consensus among Europeans for overhauling them.

Euronews

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Saudi Arabia opens stocks to all foreign investors

Saudi Arabia is opening its stock market to all foreign investors, in the kingdom's latest effort to boost flows and revive a market which has lagged emerging peers. Bloomberg's Christine Burke joined Horizons Middle East and Africa to e...

Bloomberg

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BYD sends Tesla stock sliding as it becomes world’s top EV seller

China’s BYD has overtaken Tesla as the world’s top-selling company in the electric vehicle market. That’s even though BYD has stayed away from the North American market after Canada and the U.S. imposed a tariff on all Chinese-made EVs.

CBC News

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Small-time crypto investors are facing violent attacks

Since 2020 there have been more than 215 documented cases of physical crypto attacks around the globe, with 2025's tally almost doubling the previous year's total.

Bloomberg

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Stock markets react to news of potential U.S. investments in Venezuela

Stock markets rallied as more news emerges about potential investment opportunities in Venezuela. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.

CBS News

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Polymarket bettor wins over $400,000 on Maduro capture

A Polymarket bettor won a huge online bet placed hours before Nicolás Maduro was captured in Venezuela. CBS News' Jo Ling Kent reports.

CBS News