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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

1

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

2

Current price of oil as of August 20, 2026

3

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.
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

The Duke and Duchess of Sussex are returning to the U.K. after living in the U.S. for six years—but they could have had a “much better tax result” sticking around longer.

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
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
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
By Sheryl EstradaAugust 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
Photo of Evergrande's founder on trial
China’s onetime richest man has lost everything but creditors are still owed $300 billion
By The Associated Press and Chan Ho-HimAugust 21, 2026
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Economy
More in Economy
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

“Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral.”

By Jason MaAugust 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
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
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
More in Economy
Banking
More in Banking
Top CD rates from major banks Aug. 21, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
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
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
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
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
More in Banking
Personal Finance
More in Personal Finance
Current price of gold as of August 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
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
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 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
More in Personal Finance
Investing
More in Investing
Current price of Ethereum for Aug. 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
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
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
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
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: 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
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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‘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.
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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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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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By Marco Quiroz-GutierrezAugust 21, 2026
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By Jocelyn Gecker, Russ Bynum and The Associated PressAugust 21, 2026
Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions
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Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions
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Current price of oil as of June 2, 2026
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    SpaceX’s $1.4 billion Bitcoin hoard is a strategic reserve—and an accounting headache
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The Pope quoted Gandalf, called AI a Tower of Babel, and Gen Z atheists can’t get enough
By Krysta Fauria and The Associated PressJune 2, 2026
Anthropic’s CFO Krishna Rao is steering one of the most anticipated IPOs ever
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Anthropic’s CFO Krishna Rao is steering one of the most anticipated IPOs ever
By Sheryl EstradaJune 2, 2026
‘Where we are today is frightening’: a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
Banking
‘Where we are today is frightening’: a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
By Nick LichtenbergJune 2, 2026
Trump tells Netanyahu, ‘You’re f—ing crazy’ and Wall Street sees it as a sign he’s losing patience with the war and wants it done
Investing
Trump tells Netanyahu, ‘You’re f—ing crazy’ and Wall Street sees it as a sign he’s losing patience with the war and wants it done
By Jim EdwardsJune 2, 2026
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    Personal Finance
    Current price of Bitcoin for June 1, 2026
    By Joseph HostetlerJune 1, 2026
Top CD rates on June 2, 2026: Lock in up to up to 4.30%
Personal Finance
Top CD rates on June 2, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganJune 2, 2026
The top high-yield savings rates: Up to 5.00% on June 2, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on June 2, 2026
By Glen Luke FlanaganJune 2, 2026
Welcome to the new voice of intelligence in the Middle East
Newsletters
Welcome to the new voice of intelligence in the Middle East
By Alyson ShontellJune 2, 2026
The U.S. and Europe feared the Iran conflict would curtail the Gulf’s appetite for global investments. The opposite is true
Middle East
The U.S. and Europe feared the Iran conflict would curtail the Gulf’s appetite for global investments. The opposite is true
By Melissa HancockJune 2, 2026
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Commentary
I won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me
By Liaquat AhamedJune 2, 2026
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    Personal Finance
    Current price of Ethereum for June 1, 2026
    By Joseph HostetlerJune 1, 2026
Meet America’s ‘Disillusioned’: the 32% feeling betrayed and rejecting the establishment—and they’re not who you think
Economy
Meet America’s ‘Disillusioned’: the 32% feeling betrayed and rejecting the establishment—and they’re not who you think
By Nick Lichtenberg and Catherina GioinoJune 2, 2026
He sent out 3,200 résumés and got zero job offers in the 2008 crash. Now Outdoor Boys’ Luke Nichols is telling grads how he survived
Success
He sent out 3,200 résumés and got zero job offers in the 2008 crash. Now Outdoor Boys’ Luke Nichols is telling grads how he survived
By Sydney LakeJune 2, 2026
Current refi mortgage rates report for June 2, 2026
Personal Finance
Current refi mortgage rates report for June 2, 2026
By Glen Luke FlanaganJune 2, 2026
Current ARM mortgage rates report for June 2, 2026
Personal Finance
Current ARM mortgage rates report for June 2, 2026
By Glen Luke FlanaganJune 2, 2026
Mortgage rates, June 2, 2026
Personal Finance
Mortgage rates, June 2, 2026
By Glen Luke FlanaganJune 2, 2026
SpaceX CEO Elon Musk
Investing
If S&P Dow Jones rewrites its listing rules, SpaceX and Anthropic will benefit—investors won’t
By Eva RoytburgJune 2, 2026
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Economy
It’s not a recession. But Goldman says your paycheck is acting like it
By Nick LichtenbergJune 2, 2026
‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
Conferences
‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
By Preston ForeJune 1, 2026
Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank
Banking
Why Amy Lee, the niece of Singapore’s first prime minister, helped launch a crypto-friendly bank
By Angelica AngJune 1, 2026
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Investing
Buffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
By Eva RoytburgJune 1, 2026
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
Environment
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
Los Angeles' Pacific Palisades neighborhood pictured after the January 2025 wildfires.
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Last year was a ‘quiet’ one for wildfires. Catastrophic blazes in Canada, South Korea and LA still made it the costliest fire year in history
By Tristan BoveJune 1, 2026
g
Economy
Gen Z is losing the most in the AI economy—and Goldman warns it’s about to get worse
By Nick LichtenbergJune 1, 2026
Property prices are down in Dubai. Is it a war-induced blip, or something more serious?  
Middle East
Property prices are down in Dubai. Is it a war-induced blip, or something more serious?  
By Melissa HancockJune 1, 2026
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As loyal Boomers win and job-switching Gen Zers lose, the labor market of 2026 reveals a decade of bad career advice
By Nick LichtenbergJune 1, 2026
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The Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies
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The Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifies
By Jason MaJune 1, 2026
The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
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The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
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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
Personal Finance
Current price of oil as of August 20, 2026placeholder alt text
By Joseph HostetlerAugust 20, 2026
Big Tech
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 techplaceholder alt text
By Tatiana SatauaAugust 20, 2026
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