Economy

Winning Powerball numbers drawn for $863 million jackpot, the largest of the year

Updated on: August 8, 2026 / 11:16 PM EDT / CBS News

Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists

Collateralized loan obligations may become the next big push in the exchange-traded fund industry.

Here’s how we played the massive rebound in AI stocks this week

AI stocks roared back to help lift two of the major averages to fresh records.

'Moneymaxxing' isn't a trend, it's a 'cultural shift,' financial advisor says

In an affordability crunch, social media's viral "maxxing" trend could lead to long-term financial security.

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard

Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.

For retirees, staying in the stock market is critical. How much exposure is the make-or-break question

Investors should be conservative in retirement, but abandoning equities is a big mistake.

Super-rich complain but experts welcome Mamdani’s pied-à-terre tax

New York mayor’s policy set to generate revenue and address housing crisis despite outcry in some quarters

Elevator giant Otis wants to be a defensive play in a volatile market. It has to prove itself first

Otis positions itself as a long-term growth stock, but shares are down due to setbacks in its elevator service business and investors chasing the AI trade.

A record-breaking week for options powers S&P 500 surge; volatility gauge is near 2026 low

The broad market benchmark soared to records this week, benefiting from options activity and a calmer VIX.

The Color Recession May Be Permanent

Consumers are so afraid of getting colors wrong, they don’t use them at all.

U.S. economy unexpectedly loses 23,000 jobs in July

The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

U.S. economy lost 23,000 jobs in July, new report shows

A report released by the Labor Department on Friday showed a loss of 23,000 jobs last month, with many discouraged job seekers leaving the labor force. Kelly O'Grady reports.