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... In an interview, the Philly Fed’s new president shows support for Fed Chair Jerome Powell and says rate cuts can wait

In her first interview with a national outlet since taking the job, Anna Paulson says the central bank chair has been “very effective.”
https://www.wsj.com/economy/central-banking/anna-paulson-fed-chair-powell-81971b11

... The Justice Department’s investigation of Federal Reserve Chair Jerome Powell represents an escalation of an unprecedented White House campaign to shape what happens at the central bank

President Trump’s campaign to exert more control over the Federal Reserve recently hit a new gear. Here are the basics on the long-running situation.
https://www.wsj.com/economy/central-banking/the-fed-trump-feud-what-you-need-to-know-ef8fbe93

... Canadian Factory, Wholesale Sales Dented by Auto Industry Weakness

A slump by Canada’s auto industry in November as a semiconductor shortage weighed on activity hit sales by factories and wholesalers and threatens to hold back economic growth in the final quarter of last year.
https://www.wsj.com/economy/canadian-factory-wholesale-sales-dented-by-auto-industry-weakness-4dc5a5bd

... Global Economy Records Stronger Growth, But Is on Course for a Weak Decade, Says World Bank

The global economy was set to grow more rapidly than previously expected, but is nonetheless on course for its weakest decade in half a century, according to the bank’s economists.
https://www.wsj.com/economy/global/global-economy-records-stronger-growth-but-is-on-course-for-a-weak-decade-says-world-bank-0b57300e

... Home sales rose 5.1% in December for the biggest gain in nearly two years, although 2025 as a whole still ranks as one of the worst sales slumps in decades

Home sales rose 5.1% in December for the biggest gain in nearly two years, although 2025 as a whole still ranks as one of the worst sales slumps in decades.
https://www.wsj.com/economy/housing/home-sales-in-december-jump-5-1-biggest-gain-in-nearly-2-years-cbdfef5d

... U.S. New Home Sales Pick Up After Summer, Delayed Data Say

Sales edged down to 737,000 in October last year, from 738,000 in September, but up from a downwardly revised 711,000 in August.
https://www.wsj.com/economy/housing/u-s-new-home-sales-pick-up-after-summer-delayed-data-say-724c48c2

... U.K. House Prices Expected to Rise But London Likely to Straggle

U.K. house prices are expected to rise in 2026, with Scotland and Northern England showing the strongest growth and sales prospects, according to real-estate website Zoopla.
https://www.wsj.com/economy/housing/u-k-house-prices-expected-to-rise-but-london-likely-to-straggle-a3665244

... Polymarket users can now bet on median home values in major metros like Miami and Los Angeles

Slower-moving indicators have widely been considered the most reliable data for home buyers and sellers.
https://www.wsj.com/economy/housing/what-a-new-betting-market-for-housing-prices-means-for-home-buyers-and-sellers-a4985234

... President Trump’s proposals for the housing market aim to give buyers more purchasing power but don’t address the shortage at the root of the affordability crisis

Proposals unveiled this past week aim to give home buyers more purchasing power but don’t address the housing shortage at the root of the affordability crisis.
https://www.wsj.com/economy/housing/trumps-new-housing-strategy-is-all-about-boosting-buyers-now-f6a3f6a6

... Nobel Prize Center says winner is still Machado after she presented Trump with medallion

President Trump met with Venezuela's opposition leader María Corina Machado at the White House on Thursday, as questions remain over the country's future. CBS News White House reporter Olivia Rinaldi has more.
https://www.cbsnews.com/video/nobel-prize-center-says-winner-still-machado-after-presented-trump-medallion/

... Where do things stand between the U.S. and Iran?

A Gulf official told CBS News that Saudi Arabia, Qatar, Oman and Egypt have all engaged in diplomacy to try to lower the temperature between Iran and the U.S. in an effort to avoid a military conflict. CBS News senior national correspondent Charlie D'Agata has more on where things stand.
https://www.cbsnews.com/video/where-do-things-stand-between-us-iran/

... Talarico leads Crockett in Texas Senate primary, poll finds

A new poll in the Democratic Texas Senate primary shows state Rep. James Talarico with a nine-point lead over presumed frontrunner Rep. Jasmine Crockett. Oriana Gonzalez, politics reporter for NOTUS, and Eleanor Mueller, Congress reporter for Semafor, join to discuss.
https://www.cbsnews.com/video/talarico-leads-crockett-texas-senate-primary-poll/

... Venezuelan national shot in leg by federal officer in Minneapolis as protests grow

President Trump is threatening to invoke the Insurrection Act in Minneapolis to stop protests there. CBS News national correspondent Lana Zak reports.
https://www.cbsnews.com/video/venezuelan-national-shot-leg-federal-officer-minneapolis-protests-grow/

... Gulf states engaged in intensive diplomacy to avert U.S.-Iran conflict, official says

Several key U.S. allies in the Middle East have engaged in intensive diplomacy between Iran and the United States, aiming to stave off a military conflict, a Gulf official told CBS News.
https://www.cbsnews.com/news/us-iran-trump-diplomacy-gulf-saudi-qatar/

... What Virginia Democrats' redistricting effort could mean for control of House

Virginia Democrats are moving ahead with a plan to redraw the Old Dominion's congressional maps that could net them up to four more House seats. CBS News political reporter Hunter Woodall has the details.
https://www.cbsnews.com/video/what-virginia-democrats-redistricting-effort-could-mean-control-house/

... Machado presented Trump with Nobel Peace Prize medallion

Venezuelan opposition leader María Machado previously said she wanted to "share" the prize for removing Nicolás Maduro from power.
https://www.cbsnews.com/news/venezuela-maria-machado-meets-trump-white-house-2026-01-15/

... 5 Democrats who advised service members to refuse illegal orders say they're under investigation

Five congressional Democrats who appeared in a video urging service members to refuse unlawful orders say they are under investigation. CBS News congressional correspondent Nikole Killion has the latest.
https://www.cbsnews.com/video/5-democrats-advised-service-members-refuse-illegal-orders-under-investigation/

... Ashley St. Clair, mother of one of Elon Musk's children, sues xAI over deepfake images

Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
https://www.cbsnews.com/video/ashley-st-clair-mother-elon-musk-children-sues-xai-deepfake-images/

... Mortgage rates fall to 3-year low, offering relief for homebuyers

The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.
https://www.cbsnews.com/news/mortgage-rates-fall-to-lowest-level-in-more-than-3-years/

... How newly alleged college basketball gambling scheme differs from past point-shaving scandals

Federal prosecutors have charged 26 people, including many college basketball players, in an illegal gambling probe. Danny Funt, author of "Everybody Loses: The Tumultuous Rise of Sports Gambling," joins to unpack the alleged scheme.
https://www.cbsnews.com/video/how-newly-alleged-college-basketball-gambling-scheme-differs-past-point-shaving-scandals/