Finance News - LeadStory

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How cryptocurrency gained ground in Washington

Crypto is having its moment. The GENIUS Act, which Congress passed last month, will allow more traditional financial institutes to invest in the digital currency. Jo Ling Kent reports some are calling crypto the next big financial boom.

CBS News

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Wyoming launches state-issued stablecoin

Wyoming has become the first state to issue its own stablecoin. Brady Dale, crypto reporter for Axios, joined CBS News to discuss.

CBS America

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Howard Marks says stocks seem expensive to 'reality'

Howard Marks, co-chairman at Oaktree Capital Management, says he finds stocks expensive "relative to what I call fundamentals, or you might call reality," but says there's no reason to think there's a correction coming.

Bloomberg

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Sweden moves entire church across Kiruna city for mine expansion

How do you move a 110-year-old church? Very carefully and very slowly according to crews in Sweden who are attempting to do just that. It’s part of a massive effort to relocate an entire town, before it’s swallowed up by a nearby mine.

Al Jazeera

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How to 'Fed-proof' your portfolio

Chris Brigati, SWBC CIO, joins 'Power Lunch' to discuss how investors can 'guard their assets' regarding the Federal Reserve.

CNBC

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This Swedish church is moving 3 miles down the road

The Kiruna Church is being moved along a 5-kilometer (3-mile) route east to a new city center as part of the town’s relocation. It’s happening because the world’s largest underground iron-ore mine is threatening to swallow the town.

France 24

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How India and the GCC are shaping the next big investment frontier

Could this be the most important investment corridor of the decade? Al Mal Capital's Faisal Hasan outlines his bull case for the India-GCC investment partnership.

CNBC

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Swedish Arctic town to move iconic church to expand iron ore mine

A 113-year-old church in Kiruna, in northern Sweden, will embark on a two-day relocation starting on Tuesday (August 19) to a new site nearly two miles away to make way for the expansion of the world's biggest underground iron ore mine.

Reuters

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India's consumer tax overhaul could offset U.S. tariff pains

Indian markets surged Monday on news of a potential goods and services tax overhaul. James Thom of Aberdeen said he remains bullish on India’s structural outlook, noting the reform could revive weakening consumption and cushion the impac...

CNBC

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Transforming shipping containers into livable shelters

Meet Brian Stark, the architect behind Arizona's eco-friendly affordable housing solution, where he turns old shipping containers into shelters for unhoused people.

CBS America

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Beginning holiday shopping now could be key to saving money

It might seem early in only mid-August, but financial experts said holiday shopping now could be the key to saving money this holiday season.

Scripps Local

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How to deal with financial anxiety

A recent survey found that seven in 10 Americans report anxiety or even depression about their financial situation. Financial therapist Steven Hughes joins with more.

CBS America

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Gold jeweler selling 'royal' designs is defying China's economic slump

In a year when traditional luxury brands are struggling to attract buyers in the Chinese market, one notable exception has emerged: gold. Laopu Gold, a homegrown brand, has surged in popularity with its stock price skyrocketing.

Bloomberg

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America's largest landlord settles with DOJ on price-fixing claims

Greystar and the US Department of Justice have reached a deal in order to settle price-fixing claims.

Scripps Local

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Bitcoin hit a new high as Fed rate-cut expectations fuel its rise

Bitcoin hit a record high on Thursday (August 14) as increasing expectations for easier monetary policy from the Federal Reserve added to tailwinds from recently announced financial reforms.

Reuters

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Americans share struggles to stay cool as energy costs rise

Electricity costs are surging as climate change makes the hottest days of the year even hotter. David Schechter reports.

CBS America

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What does the July inflation report mean for your finances?

Consumer prices in July rose 2.7%, the same annual increase as June. However, the core rate, which removes good and energy categories that are more volatile, increased by 3.1%. CBS News business analyst Jill Schlesinger breaks down the r...

CBS America

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Bond yields fall on call for 50 basis point rate cut

Bond yields are falling after U.S. Treasury Secretary Scott Bessent urged the Fed to lower rates. CNBC's Rick Santelli reports on the latest news regarding the bond market.

CNBC

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Money mistakes to avoid for young adults

CBS News business analyst Jill Schlesinger shares essential financial tips to help recent high school graduates manage their money, avoid costly pitfalls and build a strong foundation for long-term success.

CBS America

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How Sri Lanka is trying to solve a growing household debt problem

The United Nations is warning that a large number of households in Sri Lanka, are grappling with debt. That's as the country tries to recover from its worst economic crisis. But despite the economy stabilising, many people are still stru...

Al Jazeera

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Dubai's booming housing market shrugs off ghosts of 2009

The Dubai real estate market has been booming since 2020, with some observers wondering if it is a bubble ready to burst, while others point to stringent lending rules and maturing market regulation.

Bloomberg

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Spirit Airlines warns of potential inability to stay in business

Shares of Spirit Aviation Holdings, the parent company of Spirit Airlines, plummeted on Tuesday after the company warned of "substantial doubt" about its ability to stay in business.

CBS America

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ABLE accounts expanding: Here's what to know

There's a special account for savings and investments that will be open to millions more Americans at the start of the new year. But most people who are eligible don't know about it or how it works.

CNBC

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Economist: Markets looking 'wobbly' on inflation expectations

Torsten Slok, chief economist at Apollo, says markets are pricing that inflation expectations "have almost become unanchored already," and warns about the message seen in a move higher in ISM Services paid data over the last several months.

Bloomberg

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BofA says record number of investors find stocks overvalued

A global survey by Bank of America Corp. finds a record share of fund managers seeing U.S. stocks as too expensive after the sharp rally since April lows.

Bloomberg

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BBVA to maintain takeover bid for Sabadell

BBVA has decided to maintain its takeover offer for Banco Sabadell despite investor backing for the rival's decision to sell its UK unit TSB. Sabadell held a shareholder meeting last week which supported the TSB sale to Banco Santander.

Bloomberg

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Gambling tax change will hurt Las Vegas

Retaining a small tax change made in the so-called One Big Beautiful Bill could have a big impact on Nevada if it's not repealed, experts at a town hall said Monday.

Scripps Local

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Who actually pays tariffs?

John Dickerson goes inside the numbers on who actually pays when tariffs are levied against imports.

CBS News

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Why 2025 is on pace to be another record year for ETF inflows

NovaDius’s Wealth Management president Nate Geraci and Renaissance Capital senior strategist Matt Kennedy sat down with Leslie Picker to discuss the record inflows of ETFs in July and why 2025 is slated to be another banner year for the ...

CNBC