Economy

Powerball jackpot climbs to estimated $1.6 billion ahead of next drawing

Updated on: December 21, 2025 / 10:54 AM EST / CBS News

As year ends, Americans weigh in on cost of living, Trump, expectations for 2026 in CBS News poll

December 21, 2025 / 9:00 AM EST / CBS News

These are the world's most important stocks heading into 2026, according to Bank of America

Bank of America found names such as Microsoft and Eli Lilly to be among the most pivotal stocks in global portfolios heading into 2026.

Most homebuyers don't shop around for a mortgage, research shows. Why that's a bad idea

Because interest rates and closing costs vary among lenders, not shopping around for the best mortgage terms can be a costly mistake.

Top economists call for halt to Sri Lanka debt repayments after Cyclone Ditwah

Group of 120 experts including Joseph Stiglitz urge fresh debt restructuring plan given scale of destruction

Not just love, actually: why romance fiction is booming

From Emily Henry to Rebecca Yarros and Alison Espach’s The Wedding People – romance has dominated the book charts this year. So why is it still dismissed by critics?

There are reasons to be cheerful about UK plc in 2026. Here are four

Be it better prospects for consumer spending or the tentative signs of rising productivity, the doom and gloom of 2025 could be behind us

AI was behind over 50,000 layoffs in 2025

Some of the world's biggest tech companies cited AI as part of their layoff and restructuring strategy in 2025.

Here are 5 key events that drove the stock market last week

Stocks finished higher Friday, lifted by the volatile artificial intelligence trade, leading the market to the upside for the week.

Italy's Telecom Italia wins $1.2 billion court payout, eyes savings share conversion

The amount TIM is entitled to is roughly double the original licence fee, worth slightly more than 500 million euros, due to revaluation and accrued interest.

What the Christmas movie ‘Elf’ can teach us about today's cost of living

To live like the New York-based family in the movie "Elf" today, it would take millions. Here are the biggest financial lessons from the film.

Roomba's bankruptcy may wreck a lot more than one robot vacuum maker

Roomba's bankruptcy should serve as a warning sign to many small companies that big tech may not be able to come to the rescue, say M&A experts.