Finance News - LeadStory

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Mumbai's $30B facelift kicks off

India's financial capital, Mumbai, is transforming fast. With Prime Minister Modi inaugurating major infrastructure projects including a new airport and metro line the city is racing toward faster commutes and urban renewal.

Bloomberg

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Dow slides after Trump threatens more China tariffs

The stock market is reacting to President Donald Trump's latest comments on social media about tariffs against China. CBS News' Natalie Brand reports.

CBS America

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Cancer survivor: ‘Insurance could exceed mortgage’ if subsidies expire

For Lori Hunt, a breast cancer survivor, the potential expiration of health care subsidies could make insurance more expensive than her mortgage. The debate highlights the real-life impact of policy changes on patients’ access to care.

CBS America

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Millennials more likely to invest in alternatives

Millennials are shifting away from the traditional 60-40 stock and bond investment strategy, instead allocating a larger portion of their portfolios to alternative assets like private equity, venture capital, and private credit.

CNBC

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How you can save money for your child's education

Financial literacy coach Beverly Wilks shares tips on how an RESP can help you save toward your child's post-secondary education.

CBC Canada

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U.S. foreclosure filings on the rise, report finds

As more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising.

CBS America

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Foreclosure filings on the rise, report finds

As more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising.

CBS America

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How to manage your finances during a government shutdown

CNBC's Sharon Epperson reports on managing finances during a government shutdown.

CNBC

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What experts say homebuyers should consider

As talks of interest rates going down continue, potential homebuyers are having to decide between adjustable rate mortgages or a fixed rate.

Scripps Local

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Four dead after building collapses in central Madrid

The victims reportedly include three construction workers from Ecuador, Mali, and Guinea-Conakry and an architect involved in the renovation project.

Euronews

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Gold soars past record $4,000 level, driven by economic fears

Gold pushed through $4,000 an ounce to hit a record on Wednesday (October 8), driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federa...

Reuters

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Gold, precious metals surge amid flight to safety

Spot gold has topped $4,000 an ounce for the first time this year, with silver and platinum also rising. Experts say the rally reflects investors seeking safety amid growing market uncertainty.

Bloomberg

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Ray Dalio: Gold should make up 15% of your portfolio

Bridgewater Associates founder Ray Dalio recommends holding about 15% of investment portfolios in gold. He says the metal is a strong diversifier and hedge against economic uncertainty, emphasising its role in balanced investment strateg...

Bloomberg

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Kashkari warns rate cuts could trigger burst of inflation

Federal Reserve Bank of Minneapolis President Neel Kashkari warned that drastic interest rate cuts could spark a surge in inflation. Speaking at a panel on AI and the economy, he cautioned that rapid rate reductions risk overheating the ...

Bloomberg

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Workers looking for guaranteed retirement income

CNBC’s Sharon Epperson joins ‘Closing Bell’ to discuss annuities as workers demand guaranteed retirement income.

CNBC

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World Bank upgrades Sub-Saharan Africa growth forecast

The World Bank raised its 2025 growth forecast for the region to 3.8% from 3.5%.

Africanews

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Bell: Saudi Arabia transparent about borrowing plans

Saudi Arabia isn't letting a $65 billion hole in its budget stop the Kingdom from playing a leading role in the largest-ever leveraged buyout to take Electronic Arts private. The shortfall is now estimated at 5.3% of GDP.

Bloomberg

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French markets tumble after PM Lecornu resigns

A selloff in French markets gathered pace after French media reports that Prime Minister Sebastien Lecornu has resigned. French stocks fell sharply, government bond yields were up 8 basis points and the euro was last down 0.65% at $1.1667.

France 24

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Dozens of U.S. hospitals at risk for flooding

When Hurricane Helene slammed the southeastern U.S. last year, Unicoi County, Tennessee, was hit especially hard, losing their hospital. CBS News' David Schecter investigates how the loss revealed more U.S. hospitals at risk.

CBS America

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How to trade amid U.S. shutdown, jobs data delay

Seema Shah of Principal Asset Management discusses the hold up in the Bureau of Labor Statistics' readout of nonfarm payrolls data and how it could affect traders, economists and central bankers.

Bloomberg

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Abu Dhabi holds Capital of Capital crown as Gulf wealth funds soar

Abu Dhabi has kept its title as the "Capital of Capital," with Gulf sovereign wealth funds expanding their reach worldwide. Despite lower oil prices, a new Global SWF report shows Gulf funds are leading global investment flows and boosti...

CNBC

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Why government shutdowns cost taxpayers money

CNBC's Emily Wilkins talks the impact of government shutdowns of the U.S. taxpayer.

CNBC

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FICO to license scores directly to lenders skipping credit bureaus

CNBC's Diana Olick reports on news regarding FICO.

CNBC

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Elon Musk becomes first person ever worth $500 billion

Tesla CEO Elon Musk has become the first person in history to reach a personal net worth of more than half a trillion dollars.

Africanews

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Iran’s stock market dream fades, leaving small investors frustrated

Iran's stock market, once a symbol of hope, now leaves millions of ordinary investors grappling with losses and broken promises.

Al Jazeera

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How government shutdown will impact federal benefit programs

The federal government is shut down, but many government services are not. Social Security, Medicare and certain nutrition assistance programs will continue for a while.

Scripps News

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San Diego City Council delays vote on water, sewer rate hikes

San Diego City Councilmembers decided to delay a vote on a proposed increased to water and sewer rates.

Scripps Local

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BOE's decision to hold rates 'appropriate,' Mann says

Bank of England Monetary Policy Committee External Member Catherine Mann discusses the inflation situation in the United Kingdom and the central bank's decision to hold interest rates in September.

Bloomberg