Economy

Asia markets edge higher amid holiday-thinned trade; gold and silver hit fresh highs

Australia and Hong Kong markets were closed for the holidays.

Trump must reject housing socialism or face backlash

In Focus delivers deeper coverage of the political, cultural, and ideological issues shaping America. Published daily by senior writers and experts, these in-depth pieces go beyond the headlines to give readers the full picture. You can find our full list of In Focus pieces here.

Renewed zeal for Boxing Day sales expected to ring up £3.8bn for retailers

High streets and online sellers set to benefit as cash-strapped consumers eke out post-Christmas bargains

Arkansas Powerball lottery player wins $1.817bn jackpot on Christmas Eve

It was the second-largest lottery windfall in US history, with a lump-sum cash payment option of $834.9m

Why buying Berkshire was Warren Buffett's biggest mistake

As Warren Buffett goes into his last week as Berkshire Hathaway's CEO, a 2010 CNBC video clip has him explaining why buying the company was his biggest mistake.

This discount retailer thrived in 2025 despite a volatile backdrop. Why that momentum can continue in 2026

The company hit an all-time high earlier in December, and the stock is up more than 19% — outpacing the S&P 500's 17% advance.

Wall Street wrote off Palantir as too expensive. Retail investors can't get enough

The stock, which made its market debut in 2020, is an indisputable star of the retail investing world.

Tariffs hit boots, bags and more as leather prices jump

Leather prices are expected to continue rising in 2026 as Trump's tariffs crimple a global supply-chain while domestic manufacturing and cattle herds are down.

From childhood staple to luxury food: how Nigeria’s jollof became too expensive to eat

High inflation and a cost of living crisis mean that the familiar favourite has become a rare Detty December treat for many in the country

Oil prices will go down but won't collapse

Global oil prices are likely to remain under pressure in 2026. Supply is expected to exceed demand by as much as 4 million barrels a day. The Energy Information Administration expects inventories to continue building through 2026, reinforcing downward pressure on prices.

Is anything open on Christmas Day 2025? Here are the stores, restaurants and fast-food chains you can go to today

December 25, 2025 / 5:00 AM EST / CBS News

Falling price of cocaine forces drug traffickers to reuse narco-submarines, say Spanish police

Previously vessels would be sunk once they had completed their cargo runs from South America to Europe