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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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Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’—but the stakes of the case reach across tech

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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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Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’—but the stakes of the case reach across tech
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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.
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

Amazon founder Jeff Bezos has three properties on Indian Creek, but he still doesn’t have a membership into the island’s country club.

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
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
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
By Omid MalekanAugust 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
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
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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
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
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
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
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
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
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
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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
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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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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Where Bumble’s ex-CEO is going next and other female exec moves to know
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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By Sarah GlodekAugust 21, 2026
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‘Adding insult to injury’: Flight attendants accuse Google of creepy deal to access ‘confidential’ data for AI in Spirit Airlines transaction
By Joshua HongAugust 21, 2026
US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House.
North America
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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Commentary
AI will not give you Fridays off
By Dan SchawbelAugust 21, 2026
A cheerful woman in yellow headphones waves at her laptop during a video call.
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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%
By Marco Quiroz-GutierrezAugust 21, 2026
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Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy
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Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy
By Jeff John RobertsJune 8, 2026
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Top CD rates on June 8, 2026: Lock in up to up to 4.30%
Personal Finance
Top CD rates on June 8, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganJune 8, 2026
The top high-yield savings rates: Up to 5.00% on June 8, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on June 8, 2026
By Glen Luke FlanaganJune 8, 2026
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
Economy
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
Mortgage rates, June 8, 2026
Personal Finance
Mortgage rates, June 8, 2026
By Glen Luke FlanaganJune 8, 2026
Current refi mortgage rates report for June 8, 2026
Personal Finance
Current refi mortgage rates report for June 8, 2026
By Glen Luke FlanaganJune 8, 2026
  • Trump says ‘situation with Iran seems to be going quite well’ while U.S. shoots down more missiles and drones near Strait of Hormuz
    Politics
    Trump says ‘situation with Iran seems to be going quite well’ while U.S. shoots down more missiles and drones near Strait of Hormuz
    By Michelle L. Price, Samy Magdy and The Associated PressJune 6, 2026
Current ARM mortgage rates report for June 8, 2026
Personal Finance
Current ARM mortgage rates report for June 8, 2026
By Glen Luke FlanaganJune 8, 2026
‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis
Investing
‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis
By Nick LichtenbergJune 8, 2026
Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos
Investing
Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos
By Jason MaJune 7, 2026
Novo Nordisk CEO looks beyond weight loss to longevity and aesthetics
Health
Novo Nordisk CEO looks beyond weight loss to longevity and aesthetics
By Madison Muller and BloombergJune 7, 2026
SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
Investing
SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
By Jason MaJune 7, 2026
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    Success
    These 12 Fortune 500 companies have survived wars, crashes, and over 200 years of U.S. history
    By Preston ForeJune 6, 2026
Trump says Fed rate increase would be wrong ahead of Warsh debut
Economy
Trump says Fed rate increase would be wrong ahead of Warsh debut
By Tony Czuczka, Jennifer A. Dlouhy and BloombergJune 7, 2026
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’
Big Tech
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’
By Eva RoytburgJune 7, 2026
AI’s mega stock deals raise specter of more shares than buyers
AI
AI’s mega stock deals raise specter of more shares than buyers
By Jeran Wittenstein, Henry Ren and BloombergJune 7, 2026
U.S. floats steering frozen Iran assets to Gulf allies for repairs
Politics
U.S. floats steering frozen Iran assets to Gulf allies for repairs
By Jennifer A. Dlouhy and BloombergJune 7, 2026
U.S. and Iran appear far from peace deal 100 days since war began
Politics
U.S. and Iran appear far from peace deal 100 days since war began
By Arsalan Shahla, Sara Gharaibeh and BloombergJune 7, 2026
Repair Cafes, the Buy Nothing Project and tool libraries are part of an anticonsumerism trend rejecting mass-produced disposable goods
Economy
Repair Cafes, the Buy Nothing Project and tool libraries are part of an anticonsumerism trend rejecting mass-produced disposable goods
By Michael Weissenstein and The Associated PressJune 7, 2026
Gas over $4 looks like tipping point as Walmart customers don’t fill tanks, fast food loses cheapest diners
Retail
Gas over $4 looks like tipping point as Walmart customers don’t fill tanks, fast food loses cheapest diners
By Anne D'Innocenzio and The Associated PressJune 7, 2026
Sam Altman and Oliver Mulherin pose
C-Suite
OpenAI’s Sam Altman says his highly disciplined daily routine has ‘fallen to crap’—and now unwinds on weekends at a ranch with no cell phone service
By Jacqueline MunisJune 7, 2026
Male baby boomer looking worried
Economy
‘The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money
By Nick LichtenbergJune 7, 2026
sabes
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Retiring at 62 costs the average American $250,000. Here’s the math (and the neuroscience) that explain why
By Jon SabesJune 7, 2026
Pastel colored sky casting shadows over the colorful houses and behind Sutro Tower.
Real Estate
This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first
By Jacqueline MunisJune 7, 2026
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
Energy
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’
By Jason MaJune 6, 2026
Here’s where U.S. debt may become unsustainable with interest payments triggering a default crisis that even steep tax hikes can’t fix
Economy
Here’s where U.S. debt may become unsustainable with interest payments triggering a default crisis that even steep tax hikes can’t fix
By Jason MaJune 6, 2026
Oil drilling rises in longest U.S. streak since 2022 on price bump
Energy
Oil drilling rises in longest U.S. streak since 2022 on price bump
By Emma Sanchez and BloombergJune 6, 2026
SpaceX and other mega IPOs may wait years to join the S&P 500
Investing
SpaceX and other mega IPOs may wait years to join the S&P 500
By Bailey Lipschultz, Vildana Hajric and BloombergJune 6, 2026
Marvell Technology, Flex to join S&P 500 later this month
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Ukraine targets St. Petersburg after Putin refuses talks
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Ukraine targets St. Petersburg after Putin refuses talks
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‘That’s the way life goes’: Trump tells Knicks fans who can’t afford tickets to ‘watch it on television’
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‘That’s the way life goes’: Trump tells Knicks fans who can’t afford tickets to ‘watch it on television’
By Michelle L. Price, Will Weissert and The Associated PressJune 6, 2026
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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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