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

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Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

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Current price of oil as of August 20, 2026

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

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Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

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Current price of oil as of August 20, 2026
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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.
A trader trading crypto on their phone.
Bitcoin soars to nearly $80,000—but crypto’s new favorite coin, Hyperliquid, is stealing its thunder

Bitcoin’s rally to $78,200 coincided with a record run for Hyperliquid as active traders increasingly use the platform to place leveraged bets on crypto prices.

By Camila Grigera NaónAugust 21, 2026
Jeff Bezos and Lauren Sánchez at the Dior fashion show as part of Haute Couture Spring/Summer 2026 held at the Musée Rodin.
Membership into Miami’s most exclusive club is something money can’t buy—and Jeff Bezos is among those standing outside, looking in
By Joshua HongAugust 21, 2026
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
By Jason MaAugust 21, 2026
Donald Trump, standing behind a podium, points in front of him with Scott Bessent standing behind him.
‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May
By Sasha RogelbergAugust 21, 2026
Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex
Harry and Meghan’s homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune
By Emma BurleighAugust 21, 2026
Eric Schmidt, chief executive officer of Relativity Space and former chief executive officer of Google, during the America Business Forum in Miami, Florida.
Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California’s billionaire tax is spent
By Joshua HongAugust 21, 2026
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Economy
More in Economy
Current price of oil as of Aug. 21, 2026
Current price of oil as of August 21, 2026

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

By Joseph HostetlerAugust 21, 2026
America faces an affordability crisis like the one from 25 years ago, but needs a fresh solution

We are living in an era when companies must find solutions that are not just lower-cost, but rather higher value. Costco and Walmart are worth a look.

By Amos Winter and Vijay GovindarajanAugust 21, 2026
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
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

“What do I know that the market doesn’t know?”

By Eleanor PringleAugust 21, 2026
More in Economy
Banking
More in Banking
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire

The banks’ arguments against the Clarity Act are not rooted in reality, and serve to highlight their own anti-consumer position, says a Columbia professor.

By Omid MalekanAugust 21, 2026
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic

The next generation of CFOs stepping in may be younger and less experienced.

By Sheryl EstradaAugust 21, 2026
Today’s top high-yield savings rates: Up to 4.50% on Aug. 21, 2026

Check out the highest savings account rates available today. Some high-yield savings accounts are still offering rates around 5%.

By Glen Luke FlanaganAugust 21, 2026
Top CD rates from major banks on August 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more

A deposit account at a bank you already recognize can be a safe way to earn interest on your money.

By Joseph HostetlerAugust 21, 2026
More in Banking
Personal Finance
More in Personal Finance
Photo of Evergrande's founder on trial
China’s onetime richest man has lost everything but creditors are still owed $300 billion

A court accepted a liquidation against Evergrande’s property development unit a day after 67-year-old founder Hui Kan Yan was sentenced to life in prison.

By The Associated Press and Chan Ho-HimAugust 21, 2026
Current price of gold as of August 21, 2026

Trends in gold prices could indicate whether the asset can protect against inflation. Here’s a look at how the precious metal is doing today.

By Danny BakstAugust 21, 2026
Current price of silver as of Friday, August 21, 2026

Silver is a (comparatively) safe and reliable asset that can help you to preserve the value of your money during times of inflation.

By Joseph HostetlerAugust 21, 2026
Gold, silver, or cash: Which has been the better crisis hedge over the last 50 years?

The respite between economic hardships seems to be getting shorter. Here’s how gold, silver, and cash have stood up against crises over the last 50 years.

By Joseph HostetlerAugust 21, 2026
More in Personal Finance
Investing
More in Investing
Current price of Bitcoin for Aug. 21, 2026
Current price of Bitcoin for August 21, 2026

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

By Joseph HostetlerAugust 21, 2026
Current price of Ethereum for August 21, 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 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
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
More in Investing
Real Estate
More in Real Estate
Current ARM mortgage rates report for Aug. 21, 2026
Current ARM mortgage rates report for Aug. 21, 2026

Some homeowners might benefit from an adjustable-rate mortgage over the more common fixed-rate loans. Here’s what to know.

By Glen Luke FlanaganAugust 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
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
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
More in Real Estate
Energy
More in Energy
h
Exclusive: A leader in Venezuela’s National Assembly engages ‘money doctor’ Steve Hanke for a dose of dollarization medicine in a nation sick from hyperinflation

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
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
‘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 Energy
Crypto
More in Crypto
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
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
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
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
More in Crypto
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Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud
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Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud
By Sarah GlodekAugust 21, 2026
Where Bumble’s ex-CEO is going next and other female exec moves to know
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By Emma HinchliffeAugust 21, 2026
‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care
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Trump admits tariffs are a tax on America’s love for hamburgers and allows 300,000 metric tons of ground beef imports at ‘below current market prices’
By Joshua HongAugust 21, 2026
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AI will not give you Fridays off
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Despite CEOs like Elon Musk pushing in-person office work, a major study of 7,000 workers says remote employees are just as connected—and more engaged
By Preston ForeAugust 21, 2026
CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%
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CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%
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Current price of silver as of Monday, July 6, 2026
Personal Finance
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Varo Bank Review 2026: Free checking and high-yield savings
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Democrats are railing against Trump’s $1.4 billion in crypto income. Will his financial disclosure derail a key crypto bill in Congress?
Newsletters
Democrats are railing against Trump’s $1.4 billion in crypto income. Will his financial disclosure derail a key crypto bill in Congress?
By Ben WeissJuly 6, 2026
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Personal Finance
America’s rich are going to be ‘younger, more female—and more openly queer,’ says UBS, all thanks to the Great Wealth Transfer
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Katie McGinty: The energy economy’s biggest waste problem is already inside the system
By Kathleen “Katie” McGintyJuly 6, 2026
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$29 billion stock offering going live this week will test investor appetite for AI companies 
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Gen Z was ‘jaded about employment before we ever entered the workforce’—now psychologists say the stare has hardened into something worse
By Nick LichtenbergJuly 6, 2026
The supertanker tycoon making millions on Hormuz shuttle runs
Energy
The supertanker tycoon making millions on Hormuz shuttle runs
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The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns
Investing
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By Jason MaJuly 5, 2026
Oil, gas tankers cross Hormuz via Oman-side route after U-turns
Energy
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France’s richest man Arnault hit with €22 million tax assessment
Law
France’s richest man Arnault hit with €22 million tax assessment
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    Elon Musk can’t sell a single SpaceX share for a year—and then all the locks crack open at once
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SK Hynix seeks access to AI investors in $29 billion U.S. listing
Investing
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As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer
Economy
As higher airfares and gas prices make vacations ‘crazy expensive,’ small business owners say Americans are staying closer to home this summer
By Mae Anderson and The Associated PressJuly 5, 2026
Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI
AI
Shark Tank’s Kevin O’Leary says if he were 25 today, he’d chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
Fortune Archives: Has the American Dream stood the test of time?
Newsletters
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U.S. debt is a looming crisis today but was once its own revolutionary masterstroke that helped launch a global financial superpower
Economy
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Ukrainian drones target more Russian oil infrastructure as fuel crisis adds political pressure on Putin, who shrugs off attacks as ‘not critical’
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Energy
Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’placeholder alt text
By Jordan BlumAugust 20, 2026
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Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'placeholder alt text
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