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Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

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Current price of oil as of August 20, 2026

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Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161

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Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’

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Current price of oil as of August 20, 2026

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Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161
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Sign up for Fortune’s CFO Daily newsletter here. Each week day, senior reporter Sheryl Estrada offers an authoritative exploration of the latest trends and news impacting the corporate finance industry and the evolving role of today’s finance leaders.
An F/A-18E Super Hornet, attached to Strike Fighter Squadron (VFA) 14, makes an arrested landing on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln
How Silicon Valley just might save America from the growing drone threat

In June, Allen Control Systems raised $200 million on the strength of its Bullfrog platform, which can respond to a drone threat in seconds by shooting them out of the sky with bullets.

By Jeff John RobertsAugust 21, 2026
g
America faces an affordability crisis like the one from 25 years ago, but needs a fresh solution
By Amos Winter and Vijay GovindarajanAugust 21, 2026
Scott Bessent, US treasury secretary, speaks to members of the media outside the White House in Washington, DC, US, on Thursday, Aug. 20, 2026.
Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t
By Eleanor PringleAugust 21, 2026
Current ARM mortgage rates report for Aug. 21, 2026
Current ARM mortgage rates report for Aug. 21, 2026
By Glen Luke FlanaganAugust 21, 2026
Top CD rates today, Aug. 21, 2026: Lock in up to up to 4.50%
Top CD rates today, Aug. 21, 2026: Lock in up to up to 4.50%
By Glen Luke FlanaganAugust 21, 2026
Today’s top high-yield savings rates: Up to 4.50% on Aug. 21, 2026
Today’s top high-yield savings rates: Up to 4.50% on Aug. 21, 2026
By Glen Luke FlanaganAugust 21, 2026
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Economy
More in Economy
Photo of empty wallet with hands holding it open
Baby boomers look richer than ever—but many are retiring with record levels of debt

Decades of home-price gains made older Americans wealthy on paper. Debt and rising costs are making that wealth harder to live on

By Mia OsmonbekovAugust 21, 2026
Scott Bessent on the national debt: ‘There’s nothing magic about the $40 trillion number’

“We can grow our way out of that,” the Treasury Secretary told CNBC on Thursday.

By Nick LichtenbergAugust 20, 2026
Exclusive: Venezuela, sick with hyperinflation, engages the ‘money doctor’ Steve Hanke for a dose of dollarization medicine

The Johns Hopkins professor has spent five decades traveling the world, fighting for the cause of sound money. He’s taking on his biggest dragon yet.

By Shawn TullyAugust 20, 2026
As U.S. debt hits $40 trillion, Americans will foot the bill: $700 a month for retirees, and homebuyers could take a $53,000 hit, report finds

“Addressing the national debt deserves to be a high priority for both voters and lawmakers, to benefit all Americans.”

By Eleanor PringleAugust 20, 2026
More in Economy
Banking
More in Banking
Steps to the United States Supreme Court.
Prediction market exec says gambling fight could reach Supreme Court by June

A possible circuit split could determine whether federal commodities law overrides state gambling rules.

By Camila Grigera NaónAugust 21, 2026
Bessent becomes most interventionist Treasury chief in decades

Expanded bond buybacks and yen purchases mark an unusually activist approach, but widening deficits could limit its effectiveness

By Christopher Anstey, Jorgelina do Rosario, Michael Mackenzie, Greg Ritchie and BloombergAugust 20, 2026
Treasury rushes into bond market as Fed minutes show many governors want to hike rates, not cut

As the Fed’s minutes point toward possible rate hikes, Treasury expanded long-bond buybacks after 10-year yields topped 4.7%.

By Christopher Rugaber and The Associated PressAugust 20, 2026
Klarna wants its next CFO in New York. That’s a signal to Wall Street

Niclas Neglén is stepping down as finance chief, and the company’s next CFO will need capital markets credibility, says a recruiting expert.

By Sheryl EstradaAugust 20, 2026
More in Banking
Personal Finance
More in Personal Finance
Current refi mortgage rates report for Aug. 21, 2026
Current refi mortgage rates report for Aug. 21, 2026

Looking to refinance your mortgage in hopes of getting a lower rate or tapping home equity? See our latest report on average refi rates.

By Glen Luke FlanaganAugust 21, 2026
Mortgage rates today, Aug. 21, 2026: Rates tick up slightly

Compare average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.

By Glen Luke FlanaganAugust 21, 2026
Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he’s backing $7 billion Liverpool FC

If Amazon founder Jeff Bezos takes his own Warren Buffet-inspired advice, Liverpool fans can expect him to stick around for at least seven years.

By Orianna Rosa RoyleAugust 21, 2026
Today’s home equity loan and HELOC rates, August 21, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerAugust 21, 2026
More in Personal Finance
Investing
More in Investing
Shakeel Lala (L), Ben Robertson and Hardy Michel, co-founders of Marloo.
Our AI startup is growing 40% a month helping financial advisers do what they love: giving advice

Our growth has come at a time when the investment landscape is more complicated than ever. It’s no coincidence.

By Hardy Michel, Shakeel Lala and Ben RobertsonAugust 21, 2026
Why the bond market is acting like it did before the Great Recession

The 30-year Treasury yield has climbed back above 5%, its 2007 level, as investors confront inflation, deficits and a surge in AI-related borrowing.

By Stan Choe, Christopher Rugaber and The Associated PressAugust 20, 2026
Current price of Ethereum for August 20, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerAugust 20, 2026
Current price of Bitcoin for August 20, 2026

Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market.

By Joseph HostetlerAugust 20, 2026
More in Investing
Real Estate
More in Real Estate
Gen Z forced to rewrite the American Dream in the ‘Great Postponement’: Fixer-uppers, side hustles and doing life out of order
Gen Z forced to rewrite the American Dream in the ‘Great Postponement’: Fixer-uppers, side hustles and doing life out of order

“We’ve not seen challenges in terms of affordability like this in more than a generation,” said Wharton professor Susan Wachter.

By Tatiana SatauaAugust 20, 2026
Target’s second straight comeback quarter boosted by nearly $1 billion Trump tariff refund

Shoppers returned and sales rose 3.8%, but the government’s tariff refund supplied $1.65 of Target’s $4.11 in quarterly earnings.

By Anne D'Innocenzio and The Associated PressAugust 20, 2026
Today’s home equity loan and HELOC rates, August 20, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerAugust 20, 2026
‘Capital alone no longer clears a site’: Morgan Stanley says data centers’ big money era is over

Political backlash must now be “underwritten like land, power or labor,” the investment bank said.

By Nick LichtenbergAugust 20, 2026
More in Real Estate
Energy
More in Energy
The great climate change Champagne race, as grape ripening shrinks from 100 to 80 days: ‘We’ve never seen anything like it’
The great climate change Champagne race, as grape ripening shrinks from 100 to 80 days: ‘We’ve never seen anything like it’

Extreme heat and drought have triggered Champagne’s earliest harvest on record, forcing growers to race to preserve the wine’s quality.

By Sylvie Corbet, Nicolas Garriga and The Associated PressAugust 20, 2026
AI is becoming a financial engineering business

As large language models become more interchangeable, balance sheets will matter as much as tech breakthroughs in the AI race. 

By Amit JoshiAugust 20, 2026
Climate change to cost London up to £36 billion a year by 2050s

Lost working hours, disruption to businesses and damage to infrastructure caused by extreme weather in a warmer climate are likely to reduce the capital’s GDP over the coming decades.

By Olivia Rudgard and BloombergAugust 20, 2026
Current price of oil as of August 20, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerAugust 20, 2026
More in Energy
Crypto
More in Crypto
A picture of Bitcoin with a backdrop of a trading chart.
Bitcoin posts surprise rally as currency nears $70,000 for the first time since June

The U.S. Treasury’s bond-buyback announcement helped send Bitcoin up nearly 6% with one analyst saying a broader recovery may be afoot.

By Camila Grigera NaónAugust 19, 2026
How the UAE has emerged as a ‘leading light’ for tokenization  

Coinbase’s decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate’s bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.

By Melissa HancockAugust 19, 2026
‘The great quantum migration’ is coming as more than $2 trillion in digital assets is at risk—nearly the entire value of the overall crypto market

According to Quantus CEO Christoper Smith, digital assets are secured by elliptic-curve cryptography that is vulnerable to quantum computing.

By Joshua HongAugust 15, 2026
Tether has the gold. Now, CEO Paolo Ardoino is making a bold push into AI

A KPMG audit appears to establish the legitimacy of Tether’s reserves. Meanwhile, the company’s ambitions are scaling far beyond crypto.

By Jeff John RobertsAugust 17, 2026
More in Crypto
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The Best Labor Day Mattress Sales of 2026: Save on Saatva, Helix, and More
By Christina SnyderAugust 21, 2026
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Why chips have become the world’s most contested resource
By Rakesh KumarAugust 21, 2026
Anthropic to SpaceX: You ain’t bigger
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Anthropic to SpaceX: You ain’t bigger
By Alexei OreskovicAugust 21, 2026
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Bond traders believe Bessent’s ‘band-aid’ was ‘a heinous financial crime’
By Jim EdwardsAugust 21, 2026
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
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The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
By Diane BradyAugust 21, 2026
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The AI ‘death zone’ is here and most corporate AI strategies are standing in it
By Mark MinevichAugust 21, 2026
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AI productivity tools are overhyped and overfunded. Investors should look elsewhere
By Sanjot MalhiAugust 21, 2026
Amazon, Uber, DoorDash, and Walmart are taking the delivery wars to the skies
North America
Amazon, Uber, DoorDash, and Walmart are taking the delivery wars to the skies
By Tatiana SatauaAugust 21, 2026
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Energy
Oil at $100 is pushing up costs from gas pumps to grocery aisles
By Cathy Bussewitz, Mae Anderson, Anne D'Innocenzio and The Associated PressJuly 24, 2026
  • Japanese Prime Minister Sanae Takaichi and U.S. President Donald Trump sit in the Oval Office.
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    The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it’s still worse somehow
    By Sasha RogelbergJuly 23, 2026
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By Sheryl EstradaJuly 24, 2026
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Startups & Venture
Neo raises $100 million to hunt the zombie AI agents haunting your company
By Amanda GerutJuly 24, 2026
tim
Commentary
NYU Stern pricing expert: There’s a hidden ‘AI tax’ hitting Apple, Dell — and your next phone
By Srikanth JagabathulaJuly 24, 2026
U.S. President Donald Trump takes questions from the media during a bilateral meeting with President of Lebanon Joseph Aoun in the Oval Office of the White House on July 21, 2026 in Washington, DC.
Economy
Trump’s new $950 billion tariff scheme still leaves a 40% shortfall in his plan to rebalance the $39 trillion national debt, CRFB says
By Eleanor PringleJuly 24, 2026
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    Personal Finance
    Current price of gold as of July 23, 2026
    By Danny BakstJuly 23, 2026
Top high-yield savings rates: Up to 4.50% on July 24, 2026
Personal Finance
Top high-yield savings rates: Up to 4.50% on July 24, 2026
By Glen Luke FlanaganJuly 24, 2026
Top CD rates July 24, 2026: Lock in up to up to 4.45%
Personal Finance
Top CD rates July 24, 2026: Lock in up to up to 4.45%
By Glen Luke FlanaganJuly 24, 2026
Top CD rates from major banks July 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on July 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJuly 24, 2026
Current price of Bitcoin for July 24, 2026
Personal Finance
Current price of Bitcoin for July 24, 2026
By Joseph HostetlerJuly 24, 2026
Current price of Ethereum for July 24, 2026
Personal Finance
Current price of Ethereum for July 24, 2026
By Joseph HostetlerJuly 24, 2026
  • MoonPay to launch universal AI shopping wallet for non-technical Claude and ChatGPT consumers
    Crypto
    MoonPay to launch universal AI shopping wallet for non-technical Claude and ChatGPT consumers
    By Jeff John RobertsJuly 23, 2026
Current price of oil as of July 24, 2026
Personal Finance
Current price of oil as of July 24, 2026
By Joseph HostetlerJuly 24, 2026
Current price of silver as of Friday, July 24, 2026
Personal Finance
Current price of silver as of Friday, July 24, 2025
By Joseph HostetlerJuly 24, 2026
nyse
Commentary
AI doesn’t end scarcity. It relocates it
By François Candelon, Paul-Louis Andres and Augustin ManchonJuly 24, 2026
im Tran with her Grandaughter, two weeks old Alessandra on 28th October, 2005.
Economy
‘The demographic dividend of the last 40 years is ending’: J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
Current ARM mortgage rates report for July 24, 2026
Personal Finance
Current ARM mortgage rates report for July 24, 2026
By Glen Luke FlanaganJuly 24, 2026
Current refi mortgage rates report for July 24, 2026
Personal Finance
Current refi mortgage rates report for July 24, 2026
By Glen Luke FlanaganJuly 24, 2026
Mortgage rates, July 24, 2026
Personal Finance
Mortgage rates, July 24, 2026
By Glen Luke FlanaganJuly 24, 2026
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazine
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
Hopes for key crypto bill fade amid delays, Trump ethics controversy
Crypto
Hopes for key crypto bill fade amid delays, Trump ethics controversy
By Jeff John RobertsJuly 24, 2026
Alphabet Inc. and Google CEO Sundar Pichai speaks during the inauguration of a Google Artificial Intelligence (AI) hub in Paris on February 15, 2024. (
Big Tech
AI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates it
By Eva RoytburgJuly 23, 2026
Saudi Arabia takes center stage as oil hits $100 and the Iran war escalates amid Houthi attacks and nuclear expansion
Energy
Saudi Arabia takes center stage as oil hits $100 and the Iran war escalates amid Houthi attacks and nuclear expansion
By Jordan BlumJuly 23, 2026
California Republican’s awkward pitch: vote for me even if you hate Trump
Banking
California Republican’s awkward pitch: vote for me even if you hate Trump
By MIchael R. Blood and The Associated PressJuly 23, 2026
z
Economy
Democrats decide 2026 midterm elections are the perfect time for a civil war pitting socialists against moderates
By Jill Colvin and The Associated PressJuly 23, 2026
police tape
North America
American homicides on track for lowest level in more than a century: ‘one of the most significant public safety developments in decades’
By Safiyah Riddle and The Associated PressJuly 23, 2026
Photo of Speaker of the House Mike Johnson.
Politics
The Republican-controlled House just passed a stock trading bill — that exempts Trump’s 3,600 Q1 trades
By Joey Cappelletti and The Associated PressJuly 23, 2026
ford
Energy
Ford’s F-150 now doubles as a $1,100 home backup generator
By Alexa St. John and The Associated PressJuly 23, 2026
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North America
Trump signed a nuclear deal with Saudi, then rewrote its terms on social media to include Israel
By Aamer Madhani, Collin Binkley, Michelle L. Price and The Associated PressJuly 23, 2026
Amazon founder Jeff Bezos
Success
Amazon’s Jeff Bezos could be the latest American billionaire to buy into European soccer clubs—he’s eyeing up a stake in Liverpool FC
By Emma BurleighJuly 23, 2026
t
Economy
Trump dismissed affordability as a word ‘made up by the Democrats’ and promised oil would come ‘tumbling down’—then it hit $100 a barrel
By Nick LichtenbergJuly 23, 2026
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Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’placeholder alt text
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