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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
Newsletters
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
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Amazon, Uber, DoorDash, and Walmart are taking the delivery wars to the skies
By Tatiana SatauaAugust 21, 2026
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housing
Real Estate
Single Gen Z women are destroying their male counterparts when it comes to buying their first house
By Alex Veiga and The Associated PressMay 20, 2026
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    ‘Blood in the streets’: Legendary investor Jeremy Grantham pulls back the curtain on the AI wars to reveal a ‘brutal, competitive world’
    By Nick LichtenbergMay 19, 2026
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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: ‘Your character will take you further than your resume’
By Preston ForeMay 20, 2026
Accenture exec says the consulting giant is hiring more entry-level workers out of college compared to last year
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Accenture exec says the consulting giant is hiring more entry-level workers out of college compared to last year
By Emma BurleighMay 20, 2026
Indeed chief economist says execs are ‘overestimating the speed’ of AI transformation in the labor market
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Indeed chief economist says execs are ‘overestimating the speed’ of AI transformation in the labor market
By Sheryl EstradaMay 20, 2026
Top CD rates from major banks May 20, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on May 20, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMay 20, 2026
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Personal Finance
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    Tom Brady tells Gen Z to treat their careers like the Super Bowl: ‘You may only get one chance to impress your boss or land a promotion’
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Current price of oil as of May 20, 2026
Personal Finance
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Economy
The definitive guide to trade wars just dropped. Its authors have one message for Washington: Study your enemy
By Nick LichtenbergMay 20, 2026
Current price of silver as of Wednesday, May 20, 2026
Personal Finance
Current price of silver as of Wednesday, May 20, 2026
By Joseph HostetlerMay 20, 2026
Current price of gold as of May 20, 2026
Personal Finance
Current price of gold as of May 20, 2026
By Danny BakstMay 20, 2026
  • Top CD rates from major banks May 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
    Personal Finance
    Top CD rates from major banks on May 19, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
    By Joseph HostetlerMay 19, 2026
Variational co-founders Edward Yu and Lucas Schuermann pose for a picture
Crypto
Variational raises $50 million Series A to bring liquidity from traditional markets to blockchain rails
By Jack KubinecMay 20, 2026
U.S. President Donald Trump arrives for a 'Rose Garden Club' dinner for National Police Week in the Rose Garden at the White House on May 11, 2026 in Washington, DC.
Economy
U.S. national debt officially hits $39 trillion—adding approximately $5 billion a day since October
By Eleanor PringleMay 20, 2026
Exclusive: Circle cofounder raises $30 million for Series A ‘AI-native bank’ Catena Labs
Crypto
Exclusive: Circle cofounder raises $30 million for Series A ‘AI-native bank’ Catena Labs
By Ben WeissMay 20, 2026
Alex Israel crosses his arms
AI
How Metropolis built a $5 billion AI infrastructure company out of America’s parking problem
By Lily Mae LazarusMay 20, 2026
trump
Commentary
Milken-Harris Poll: 80% of Americans want AI workforce programs now — and Washington hasn’t delivered
By Karen Kornbluh and Libby RodneyMay 20, 2026
The bond market is firing a warning shot in the direction of Washington, D.C.
Economy
The bond market is firing a warning shot in the direction of Washington, D.C.
By Eleanor PringleMay 20, 2026
Top CD rates on May 20, 2026: Lock in up to up to 4.20%
Personal Finance
Top CD rates on May 20, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganMay 20, 2026
The top high-yield savings rates: Up to 5.00% on May 20, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on May 20, 2026
By Glen Luke FlanaganMay 20, 2026
Exclusive: Advocacy groups file complaint against Roblox, alleging its manipulative design puts kids at risk
Cybersecurity
Exclusive: Advocacy groups file complaint against Roblox, alleging its manipulative design puts kids at risk
By Catherina GioinoMay 20, 2026
How the multibillion dollar AI data center boom has transformed CBRE, the world’s largest commercial real estate company
Real Estate
How the multibillion dollar AI data center boom has transformed CBRE, the world’s largest commercial real estate company
By Sharon GoldmanMay 20, 2026
Mortgage rates, May 20, 2026
Personal Finance
Mortgage rates, May 20, 2026
By Glen Luke FlanaganMay 20, 2026
Current refi mortgage rates report for May 20, 2026
Personal Finance
Current refi mortgage rates report for May 20, 2026
By Glen Luke FlanaganMay 20, 2026
Current ARM mortgage rates report for May 20, 2026
Personal Finance
Current ARM mortgage rates report for May 20, 2026
By Glen Luke FlanaganMay 20, 2026
Google’s I/O conference showed how the company is being completely rebuilt for AI—for better or for worse
Big Tech
Google’s I/O conference showed how the company is being completely rebuilt for AI—for better or for worse
By Alexei Oreskovic and Sharon GoldmanMay 19, 2026
Why the 137-year-old developer Hongkong Land is reinventing itself—and trying to broaden its focus beyond its home city
Asia
Why the 137-year-old developer Hongkong Land is reinventing itself—and trying to broaden its focus beyond its home city
By Nicholas GordonMay 19, 2026
Svenja Gudell, Chief Economist, Indeed
Success
Indeed chief economist says the sectors most exposed to AI are seeing a big growth in job demand
By Emma BurleighMay 19, 2026
The 30-year yield hasn’t been this high since the Great Recession. Do the bond vigilantes ride again?
Economy
The 30-year yield hasn’t been this high since the Great Recession. Do the bond vigilantes ride again?
By Eva RoytburgMay 19, 2026
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Goldman Sachs: The U.S. labor market is healthier now than when ChatGPT launched. Yes, really
By Nick LichtenbergMay 19, 2026
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Buy now, pay later is the new financial lifeline for lower-income Americans, as consumer loans pile up to $19 trillion
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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
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Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161placeholder alt text
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