CNBC’s Leslie Picker reports on Citadel's plan to return about $5 billion in profits earned in 2025 back to investors in 2026.

Citadel is set to return about $5 billion in profits generated in 2025 to its investors at the beginning of 2026, according to a source familiar with the matter. The firm's flagship Wellington Fund reported a 9.3 percent gain for the year through the previous week.

The decision to return profits is attributed to Citadel's strategy of constraining capital due to a perceived limited opportunity set for the upcoming year. As a result, Citadel's assets under management will decrease from $72 billion to $67 billion. Since 2017, the hedge fund has returned $32 billion to investors, though such distributions are not made annually.

Citadel to return $5 billion in profit to investors

Let's begin that with some breaking news from Leslie. Carl, thank you. Citadel planning to return about $5 billion in profit it earned in 2025 back to investors at the beginning of next year. That is according to a person familiar with the matter. The firm's flagship multi-strategy fund, known as its Wellington Fund, gained 9.3 percent in the year through last week, said the person who asked not to be named discussing performance details. The profit being returned is not all that was generated in 2025, that person said, but rather it's a way of constraining capital amid what the fund managers there perceive to be a limited opportunity set going into the new year. As such, Citadel will start 2026 with $67 billion in assets, down from the $72 billion it currently manages, that person said. A spokesperson for Citadel declined to comment. And Citadel does not opt for profit distributions every year, but since 2017, the hedge fund has returned $32 billion to its investors.

French Parliament has approved the Stopgap Bill two days before Christmas. The budget bill now moves to French senate.

Parijs

French Parliament approves Stopgap Bill: Budget bill moves to senate

Russia fired more than 650 drones and three dozen missiles at Ukraine in a large-scale attack that began during the night and stretched into daylight hours Tuesday, officials said. At least three people were killed, including a 4-year-old child, two days before Christmas.

Kiev

Russia carries out massive drone attack on Ukraine's energy sector

The U.S. Department of Justice has released another batch of files related to convicted sex offender Jeffrey Epstein, including videos, emails and documents. CBS News' Scott MacFarlane reports.

Washington

U.S. Justice Department releases new trove of Epstein files

The leaders of Denmark and Greenland insisted that the United States won't take over Greenland and demanded respect for their territorial integrity after President Donald Trump ‍​announced ​the appointment of a ‌special envoy to the semi-autonomous territory.

Nuuk

Trump's appointment of envoy to Greenland sparks tension with Denmark

Australia's most populous state is set to pass tougher gun laws, ban the display of terrorist symbols and curb protests after the state parliament's lower house cleared a bill late on Monday (December 22) in an emergency sitting following the Bondi mass shooting.

Council of the City of Sydney

Australia's NSW to tighten gun, hate speech laws after Bondi attack

On Monday, President Trump announced a new class of Navy battleships he's calling the "Golden Fleet." The president said two vessels will be built in the short term, with plans to expand to up to 25.

Trump unveils plans for new fleet of advanced Navy battleships

China's foreign ministry on Monday (December 22) said the United States' seizure of another country's ships was a serious violation of international law, after the U.S. intercepted a China-bound oil tanker off the Venezuelan coast.

Beijing

China says U.S. ship seizures ‘serious violation' of international law

A Russian general was killed by an explosive device underneath his car in Moscow, according to Russian investigators, who say Ukraine's intelligence services may have orchestrated the attack. Ukraine has not commented.

Moscow

Ukraine Invasion

Russian general killed in car explosion

The U.S. Coast Guard is pursuing an oil tanker in international waters near Venezuela, officials told Reuters on Sunday (December 21), in what would be the third operation in less than two weeks if successful.

Caracas

U.S. pursuing third oil tanker near Venezuela, officials say

At least 15 documents related to Jeffrey Epstein that were initially made public have been pulled from the Justice Department website. The agency says it will keep reviewing and redacting materials to "protect victims."

Epstein files pulled down to 'protect victims'

Nine people have died and at least ten others were wounded after a group of gunmen carried out a shooting at a South African pub during the early hours of Sunday, authorities said.

Bekkersdal

At least nine people killed in South Africa pub shooting

U.S. intelligence reports continue to warn that Russian President Vladimir Putin has not abandoned his aims of capturing all of Ukraine and reclaiming parts of Europe that belonged to the former Soviet empire, six sources familiar with U.S. intelligence said.

As peace talks go on, U.S. intel says Putin's war goals unchanged

A court in Pakistan has convicted and sentenced the imprisoned former Prime Minister Imran Khan and his wife, Bushra Bibi, to 17 years in prison after finding them guilty of retaining and selling state gifts, including jewelry given by Saudi Arabia in 2021.

Islamabad

Former Pakistani PM Imran Khan convicted to 17 years in prison

The U.S. seized an oil tanker off Venezuela's coast on Saturday. It's the second time in two weeks that U.S. forces have carried out such an action. This comes after President Donald Trump announced a block of "sanctioned oil vessels" entering and exiting Venezuela.

Oil tanker seized off Venezuela, second in two weeks

The Justice Department released more documents related to the late sex offender Jeffrey Epstein on Saturday after failing to meet Friday's deadline to release all the documents, as required by the law signed by President Trump last month. The Justice Department said the delay was, in part, to ensure that victims' information was protected.

Justice Department releases more Epstein documents Saturday

The U.S. Department of Justice released thousands of documents, photos and files related to late sex offender Jeffrey Epstein on Friday. But some Democrats are criticizing the partial release because the department had a deadline to release all of the files by end of Friday.

'Partial' release of Epstein files faces criticism

The United States military “hit the ISIS [ISIL] thugs in Syria”, President Donald Trump has said, a week after two US soldiers and an interpreter were killed in Syria’s Palmyra city. Trump said he “ordered a massive strike on the terrorists that killed our three great patriots last week”.

Damascus

Trump says U.S has launched large-scale attacks on ISIL in Syria

Ukraine said its drones hit a vessel from Russia's shadow fleet – the first such strike in the neutral waters of the Mediterranean Sea. Russia's shadow fleet transports sanctioned Russia oil by frequently changing flags and concealing ownership.

Ukraine strikes Russian shadow fleet tanker in Mediterranean sea

The U.S. Justice Department has released thousands of files relating to Jeffrey Epstein, including photos featuring people like former President Bill Clinton and Mick Jagger. However, survivors are concerned with how much information was redacted from the files.

Thousands of new Epstein files, photos released

The U.S. military launched large-scale strikes against dozens of Islamic State targets in Syria on Friday (December 19) in retaliation for an attack on American personnel, U.S. officials said.

U.S. hits ISIS in Syria with large retaliatory strikes

The man suspected of carrying out an attack in Taiwan with a smoke grenade and knife acted alone, police said on Saturday of the incident that killed at least four, including the attacker. This edit contains graphic images.

Taipei City

Taipei attacker acted alone, police say after three killed

The suspect in the Dec. 13 mass shooting on the campus of Brown University was found dead by suicide in a storage unit in Salem, New Hampshire, authorities said. He has been identified as 48-year-old Claudio Manuel Neves Valente, a former Brown grad student.

Providence

How a Reddit post led police to the suspected university shooter

Seven people were killed, including former NASCAR driver Greg Biffle and his wife and children, in a plane crash in North Carolina. Investigators hope to find clues about why it happened on the cockpit voice recorder. Cristian Benavides has the latest.

Plane crash kills NASCAR driver, family

President Trump announced new agreements on Friday with nine pharmaceutical companies aimed at making certain prescription drugs cheaper. CBS News reporter Karen Hua has the details.

Trump announces agreements with major drugmakers to lower prices

The U.S. Justice Department released a new trove of documents from its investigations into the late financier and convicted sex offender Jeffrey Epstein on Friday, bowing to pressure from lawmakers who forced their disclosure with a new law.

Washington County

Justice Department releases new tranche of Epstein files

The Justice Department has released a new batch of files related to convicted sex offender Jeffrey Epstein. CBS News legal reporter Katrina Kaufman has more.

Combing through newly released Epstein files

TikTok has signed a deal to sell its U.S. operations to a group of investors in America, a source familiar with the deal tells CBS News.

TikTok nears deal to avoid ban in the U.S.

Russian President Vladimir Putin reacted to the European Union's massive $108 billion loan to fund Ukraine's war against Russia.

Kyiv

European Union loans Ukraine billions as Putin boasts about war

The war, which began with Russia’s full-scale invasion in February 2022, continues to take a heavy toll on civilians, particularly in frontline areas such as Zaporizhzhia, where fighting and shelling persist.

Putin accuses Kyiv of rejecting peaceful settlement

The man believed to be responsible for carrying out the Brown University shooting and killing an MIT professor was found dead in a storage unit in New Hampshire on Thursday, officials said.

Breakdown