Top Stories — Sunday, September 7, 2025
What is trending in the USA today? Here is Breaking News:
- Global week ahead: Volatile bonds, a confidence crunch and the ECB meets — CNBC
- Top tips to help lottery winners protect their finances — Fox Business
- Powerball tickets sold in Missouri and Texas win $1.79B jackpot — Fox Business
Global week ahead: Volatile bonds, a confidence crunch and the ECB meets
Source: CNBC • Published: 9/7/2025, 11:37:35 AM
Two types of story dominated the chatter in the newsroom this week.
The watercooler favourite? The antics of high-profile CEOs, with the departure of Nestle's boss over an undisclosed affair with a subordinate and the resignation of Suntory's CEO over the possible purchase of illegal substances both causing a stir in the London and Singapore newsrooms.
But what kept the news desks busiest was bond market volatility, which could well spill over into next week. Over the last few days, we've had a slew of guests sharing their views on some of the most significant yield moves seen in the U.K. gilt market and across Europe in decades.
And more could be to come next week…
At the epicenter of European bond yield uncertainty is France.
On Monday, there will be a confidence vote in the government, called by Prime Minister Francois Bayrou — and the ruling party is almost certain to lose.
Rivals France Insoumise, National Rally and the Socialist Party have all claimed they will vote against the government. This raises the prospect of President Emmanuel Macron calling a snap election, although it is more likely he will seek to assign another centrist caretaker government.
In a straw poll of clients, Nomura found that yields of French government bonds — or OATS — would need to move even more dramatically to cause a "major loss of international investor confidence." In a note, the bank pointed to the next rating review of France's sovereign debt by Fitch, due to take place on Sept. 12, as a key date to watch.
Another inflection point this week will come when the ECB meets on Thursday amid the heightened market volatility.
The central bank is expected to keep rates on hold at 2%, with HSBC predicting President Christine Lagarde will maintain a "dovish bias." The ECB itself stressed the need to stay "deliberately uninformative about future interest rates decisions" in its July account of its policy meeting.
Market watchers expect Lagarde to be questioned about the uncertainty in France during her press conference, but economists predict she will avoid answering directly.
Monday: German trade data
Tuesday: French Industrial Production data
Thursday: U.S. Inflation data
Friday: German Inflation data, U.K. GDP data
Top tips to help lottery winners protect their finances
Source: Fox Business • Published: 9/7/2025, 10:53:49 AM
The Powerball's $1.79 billion jackpot, which has an estimated cash value of $820.6 million, was won on Saturday after tickets in Missouri and Texas matched the winning numbers.
Experts say those who win the jackpot will need a team of professionals – from a CPA to a lawyer and wealth manager – to properly handle their sudden windfall.
Mark J. White, wealth advisor and managing partner of Karpf, White & Associates Wealth Management, told FOX Business that having a strong team in place is "critical" given that no one professional has expertise in all the areas needed to manage the surprise fortune.
"A CPA can help navigate tax implications, an attorney can advise on trusts and legal protections, and a wealth manager can create an investment strategy tailored to long-term goals. Together, this team helps ensure that nothing is overlooked and costly mistakes are avoided," White said.
A billboard shows the Powerball lottery prize at $1.7 billion on Sept. 4, 2025, in Emeryville, California. (Justin Sullivan/Getty Images / Getty Images)
Andrew Mims, founder of Oak Grove Estate Planning, said that lottery winners will need an attorney who specializes specifically in trusts and estate planning. He added that winners should not feel rushed and that there is no need to immediately claim the prize.
The first step, Mims advised, is to sign the back of the ticket to prevent anyone else from claiming it, and then store it securely in a place where it won't be damaged.
Establishing a trust, Mims said, is the best way to claim lottery winnings, as it helps safeguard both privacy and assets. Claiming through a trust can keep a winner's identity private, even in states that typically require winners to be publicly identified.
Using a trust and investing wisely or placing funds in an annuity can also help prevent winners from overspending very quickly. By doing this, the money will be protected for generations to come, according to Mims.
"The last thing you want is to be unwise with your new winnings or, if something happens to you, to have the money pass along to friends or loved ones who might blow it or make bad decisions," Mims said, adding that "you can avoid that by having a trust set up with the rules in place as to how and when the money can be spent."
Establishing a trust is the best way to claim lottery winnings, Andrew Mims told FOX Business. (Reuters/Andrew Kelly / Reuters)
White said choosing between a lump sum and an annuity is a "highly personal" decision. The lump sum provides flexibility and lets winners invest their money immediately, which can compound their wealth over time. But, someone taking this option needs to have "strict discipline and careful planning," according to White.
The annuity option, which provides guaranteed income spread out over many years, can serve as a safeguard against overspending or mismanagement, according to White. The right choice comes down to the individual's financial habits, tax considerations and overall goals.
Winners can claim their winnings in a lump sum or annuity option. (Brandon Bell/Getty Images / Getty Images)
White said the reason many lottery winners have struggled is that they didn't have a plan. Some of the most common mistakes include overspending without a budget, failing to account for taxes, making poor or speculative investments or being taken advantage of by either friends, acquaintances or even unqualified advisors, according to White.
Mims also said that it is important for winners to understand the nuances of the prize. For instance, winners should be mindful that the money will be taxed heavily at both the state and federal levels.
"Do not plan like you have the full amount, because a large portion of the winnings will go to taxes," Mims said.
Read the full story at Fox Business.
Powerball tickets sold in Missouri and Texas win $1.79B jackpot
Source: Fox Business • Published: 9/7/2025, 10:32:29 AM
Two tickets in Texas and Missouri matched the winning numbers drawn Saturday night for the Powerball's $1.79 billion jackpot.
The grand prize, which is the second-largest in game history, has an estimated cash value of $820.6 million, according to the lottery. The two winners will split the money.
The largest U.S. lottery jackpot ever won came on Nov. 7, 2022, when a California player won the $2.04 billion prize.
The white balls drawn on Saturday were 11, 23, 44, 61 and 62. The red Powerball was 17. The Power Play was 2X.
Two tickets in Texas and Missouri matched the winning numbers drawn Saturday night for the Powerball's $1.79 billion jackpot, which has an estimated cash value of $820.6 million. (Brandon Bell/Getty Images / Getty Images)
"Congratulations to our newest Powerball jackpot winners and the Missouri Lottery and Texas Lottery for selling the winning tickets," Matt Strawn, Powerball Product Group Chair and Iowa Lottery CEO, said in a statement.
"Each $2 ticket sold during this Powerball jackpot run gave players a chance at the prize, while also supporting vital public programs and services in their communities — and that's worth celebrating!" he continued.
The two winners will have the choice between an annuitized prize of $893.5 million or a lump sum payment worth $410.3 million. If a winner chooses the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.
The Powerball jackpot had an estimated cash value of $820.6 million, according to the lottery. (Jay L. Clendenin/Los Angeles Times via Getty Images / Getty Images)
Both prize options are before taxes.
In addition to the jackpot winners, 18 players won $1 million by matching all five white balls. Two players won $2 million by selecting the optional Power Play multiplier and matching all five white balls.
In additon to the two grand prize winners, 18 other players won $1 million and two others won $2 million. (iStock)
The jackpot now resets to $20 million for its next drawing on Monday.
The odds of winning the jackpot are 1 in 292.2 million.
Powerball tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
Read the full story at Fox Business.
For complete details, visit the original sources linked above.
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