Finance News | LeadStory

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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

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Stock exchanges ramp up showbiz to attract IPOs

Many stock exchanges pull out the showbiz stops to attract IPOs to their venues, employing lasers, gongs, dancers, confetti and more. It's a good time, but it's also serious business, as exchanges compete for a dwindling number of listin...

Bloomberg

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FOMC's new voters bring a hawkish tilt to Fed decisions

The Federal Open Market Committee begins the year with a new rotation of a more hawkish collection of voters who may delay interest-rate cuts. Michael McKee has more on Bloomberg Television.

Bloomberg

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Global stocks kick off 2026 on a high as AI drives gains

The stock market is seeing boosts attributed to artificial intelligence. CBS News contributor Javier E. David has more.

CBS News

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Where markets go next in 2026

From market volatility to bond opportunities what's next for investors in 2026? Joyce Huang, Senior Client Portfolio Manager at American Century Investments, joined Bloomberg TV and radio to share her outlook on Fed policy, equity risks,...

Bloomberg

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Millions facing health care cost increases as tax credits lapse

Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of Affordable Care Act enrollees expired overnight as 2026 arrived, cementing higher health costs for millions of Americans at the start of t...

CBS America

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Food budget reset: How to cut your grocery bill in 2026

Food prices have risen sharply the past 5 years. Ways to trim your grocery budget in 2026... helping both your wallet and your waistline.

Scripps Local

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Major fire breaks out in historic church in Amsterdam

In Amsterdam, during New Years celebrations a large fire broke out in a historic church. Much like the Notre Dame cathedral in Paris, the Dutch church had a wooden structure, making fighting the fire that much more difficult.

France 24

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USPS changes rules: What it means for your bills, ballots and taxes

USPS changes postmark rules: What it means for your bills, ballots and taxes

Scripps Local

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Rising premiums fuel 2026 affordability concerns

An in-depth discussion with economist Bingo AJ Laurie explores the complex factors driving up health insurance premiums, from industry consolidation to expiring tax credits, and the financial strain hitting families.

Scripps Local

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Are manufactured homes the key to homeownership?

New research shows Florida leads the nation in factory-built housing, with more residents turning to manufactured homes amid high prices.

Scripps News

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Economic news to watch for in 2026

With just one day left of trading before the new year, CBS News is taking a look at where things stand today and what might be driving the markets in 2026.

CBS America

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Stocks rally after Christmas holiday

The "Santa Claus rally" that is occurring in the stock market after the holidays is setting up an optimistic view among investors as 2026 begins. Phil Luck, a director at the Center for Strategic and International Studies, joins CBS News...

CBS America

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Shoppers scatter as mall ceiling caves in under heavy rain

Shoppers at a mall in Johannesburg, South Africa, probably thought they were safe from the heavy rain outside, but then water on the floor was the first signal that something awful was in store. See the video as a stunned crowd watched t...

The Weather Channel

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Big bank stocks come roaring back in 2025

2025 was a good year for the big banks. The six titans of U.S. banking are up by an average of more than 45% this year, while the stocks of the top four public alternative asset managers are collectively down.

Bloomberg

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Major bank CEO: market will punish Americans if Fed isn't independent

Bank of America Chairman and CEO Brian Moynihan spoke with "Face The Nation" moderator Margaret Brennan ahead of President Trump's move to replace Jerome Powell with a new chair of the Federal Reserve. CBS News contributor Javier David h...

CBS America

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U.S. pledges $2 billion to UN aid amid deep foreign assistance cuts

The United States has announced a $2 billion pledge for UN humanitarian aid, a move the Trump administration calls generous, but critics say falls far short of past commitments.

Africanews

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The U.S. dollar's path ahead in 2026

The US dollar heads into the final days of the year coming off of its worst week since June. Bloomberg's Skylar Montgomery Koning looks at the consensus trade for the dollar in 2026.

Bloomberg

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Gold and silver hit all-time highs

Gold, silver, and platinum extended a historic end-of-year rally for precious metals, jumping to all-time highs, with spot gold peaking above $4,530 an ounce.

Bloomberg

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Russia's countryside in decline: Service closures push families to relocate

Thousands of villages in Russia are being abandoned as young people move to cities.

Al Jazeera

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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