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

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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

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

1

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

2

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

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.
Bessent becomes most interventionist Treasury chief in decades
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
sb
Scott Bessent on the national debt: ‘There’s nothing magic about the $40 trillion number’
By Nick LichtenbergAugust 20, 2026
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
By Tatiana SatauaAugust 20, 2026
The U.S. cabinet faces some tough budgetary decisions.
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
By Eleanor PringleAugust 20, 2026
Photo fo Walmart
Facing weary customers, Walmart will use its nearly $3 billion in tariff refunds to lower prices
By Mia OsmonbekovAugust 20, 2026
Billionaire biotech pioneer Robert Langer
Moderna co-founder is a billionaire once again at $1.7 billion—he once turned down 20 high-paying job offers to ‘have more of an impact on the world’
By Emma BurleighAugust 20, 2026
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Economy
More in Economy
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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
You are paying for your favorite college athlete now: ‘the next stage of the arms race’

Taxpayers are putting millions into athletic programs as schools face rising athlete payments, facility costs and an escalating spending race.

By David A. Lieb and The Associated PressAugust 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
Walmart’s sales growth falls to 6-year low as Middle American shoppers go on strike

America’s largest retailer saw keeps winning customers making more than $100,000, though.

By Anne D'Innocenzio and The Associated PressAugust 20, 2026
More in Economy
Banking
More in Banking
company's initial public offering at the New York Stock Exchange on Sept. 10, 2025.
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
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
Today’s top high-yield savings rates: Up to 4.50% on Aug. 20, 2026

You can still find high-yield savings accounts offering rates around 5%… If you know where to look. Here’s our list of the highest savings account rates available today.

By Glen Luke FlanaganAugust 20, 2026
Top CD rates from major banks on August 20, 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 20, 2026
More in Banking
Personal Finance
More in Personal Finance
Current price of gold as of August 20, 2026
Current price of gold as of August 20, 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 20, 2026
‘Game-changer’ GLP-1s could fix America’s obesity crisis—but 2 inequalities stand in the way

Wells Fargo Industry Insights’ Robin Wenzel says the drugs are rewriting healthcare economics, but the math doesn’t “pencil out” too often.

By Nick LichtenbergAugust 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
Current price of silver as of Thursday, August 20, 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 20, 2026
More in Personal Finance
Investing
More in Investing
Current price of Bitcoin for Aug. 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
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
Bond traders are testing Kevin Warsh: The Fed chair will heed—but not be ruled by—them, says an economist who spent years sitting next to him

“He wants the Fed to think in terms of the bigger picture … and people are finding that frustrating, but I think he’s been very, very clear.”

By Eleanor PringleAugust 19, 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
More in Investing
Real Estate
More in Real Estate
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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
‘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
Current ARM mortgage rates report for Aug. 20, 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 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
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
Venezuela oil minister to U.S. companies: ‘It’s an entire world waiting to be discovered’

Smaller, private U.S. oil producers are beginning to ink deals in Venezuela as the dilapidated energy industry evolves.

By Jordan BlumAugust 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
More in Energy
Crypto
More in Crypto
How the UAE has emerged as a ‘leading light’ for tokenization  
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
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
Billionaire Joshua Kushner just bought the Lakers for $12.5 billion—OpenAI’s Sam Altman once said he ‘doesn’t care’ what others think

As Joshua Kushner and Bob Iger close in on a record $12.5 billion Lakers deal, OpenAI CEO Sam Altman once said Kushner makes ‘high-conviction bets’.

By Orianna Rosa RoyleAugust 14, 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
More in Crypto
Latest stories from Fortune
Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO
Asia
Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO
By Nicholas GordonAugust 20, 2026
The Best Face Sunscreens in 2026: SPF Options for Everyday Wear
Health
The Best Face Sunscreens in 2026: SPF Options for Everyday Wear
By Emily PharesAugust 20, 2026
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Big Tech
Supermicro investigation clears CEO in alleged $2.5 billion smuggling scheme while a criminal trial involving a cofounder is set for next year
By Amanda GerutAugust 20, 2026
Scott Kupor, wearing a suit, looks forward and frowns.
Politics
Exclusive: The man leading Trump’s RTO charge for government workers says he filmed a video in front of a blank wall to avoid work-from-home suspicion
By Sasha RogelbergAugust 20, 2026
President Donald Trump speaks during a meeting with technology leaders in the Roosevelt Room of the White House.
Big Tech
Trump oblivious to voter fury about data centers, saying ‘the jobs are enormous and the money paid, the taxes paid, are just enormous’
By Jesse Bedayn, Marc Levy, Scott Bauer and The Associated PressAugust 20, 2026
A sign stands outside the main gate of Fort Stewart, Ga.
Arts & Entertainment
Army unit offers ‘special 4 day pass’ to play Grand Theft Auto VI for reenlisted troops as part of ‘unique incentives program’
By Russ Bynum and The Associated PressAugust 20, 2026
Senators demand answers from TikTok About ‘depraved’ experiment
Cybersecurity
Senators demand answers from TikTok About ‘depraved’ experiment
By Olivia Carville and BloombergAugust 20, 2026
Sam Altman walking.
Newsletters
The AI industry is getting better at spotting dangerous behavior. It is less clear that labs know how to stop it.
By Beatrice NolanAugust 20, 2026
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Photo of a house for sale sign
Real Estate
Mortgage rates hit one-year high at 6.69% as home sales fall
By The Associated Press and Matt OttAugust 11, 2026
  • A man holds a large white bag of feed with a herd of cows standing behind him.
    Economy
    Record beef prices are minting fortunes for ranchers—but straining the American farmers who fatten their cattle
    By Sasha RogelbergAugust 11, 2026
t
Commentary
It is time to remake the federal government with a new fiscal constitution
By Steve H. Hanke and David M. WalkerAugust 11, 2026
Former deputy mayor and now Mamdani nemesis sued the city’s pied-à-terre tax rollout. The city froze the judge’s pause within hours
Real Estate
Former deputy mayor and now Mamdani nemesis sued the city’s pied-à-terre tax rollout. The city froze the judge’s pause within hours
By Catherina GioinoAugust 11, 2026
Photo of President Trump
Crypto
Trump’s media and crypto firm just posted a $238 million quarterly loss—here’s where those losses came from
By Camila Grigera NaónAugust 11, 2026
Photo of Bill Ackman
Success
How a book that inspired Warren Buffett and a $14,000 side hustle helped billionaire Bill Ackman get started as an investor
By Emma BurleighAugust 11, 2026
Photo of Jamie Dimon
Economy
Jamie Dimon warns dollar dominance depends on the military: ‘If we’re not the strongest military in 25 years…we won’t be the reserve currency either’
By Mia OsmonbekovAugust 11, 2026
  • Aerial shot of data centers in North Dakota
    Investing
    AI’s biggest build-out is here. These stocks offer a way to invest in the data center boom
    By Camila Grigera NaónAugust 11, 2026
Photo of Steve and Connie Ballmer
Success
After donating $8 billion, Steve and Connie Ballmer create three regional philanthropies so people closest to the work can decide how the money is spent
By Sydney LakeAugust 11, 2026
The Zollburg Pfalzgrafenstein, located in the middle of the Rhine, is surrounded by extremely low water levels.
Energy
Germany weighs options as low water levels trigger price surges
By Bloomberg and Kamil KowalczeAugust 11, 2026
Trent Grisham #12 of the New York Yankees celebrates his eighth inning home run against the Atlanta Braves with his teammates in the dugout.
Investing
Apollo inks $2.6 billion financing deal with NY Yankees
By Bloomberg and Silas BrownAugust 11, 2026
Activists from the Europe Coalition "End Toxic Pesticide Trade" stage a demonstration outside the European Commission headquarters.
Economy
EU study warns pesticide import curbs risk lifting food prices
By Bloomberg and Max RamsayAugust 11, 2026
A walker protects themselves from the sun on the scorched grass of Hyde Park, in central London.
Environment
‘Chronic’ heat risk in Europe draws warning from Swiss Re
By Bloomberg and Gautam NaikAugust 11, 2026
  • Wheels of Parmigiano Reggiano cheese on shelves
    Environment
    Italy’s $4.7 billion cheese economy is feeling the heat as climate change threatens its cheese banks that hold Parmigiano wheels as loan collateral
    By Catherina GioinoAugust 10, 2026
Nvidia taps Wall Street for $500 billion funding commitment
AI
Nvidia taps Wall Street for $500 billion funding commitment
By Bloomberg, Silla Brush, Ian King and Todd GillespieAugust 11, 2026
Photo of Trump with USA cap on next to Air Force One
Politics
Trump demands Iran pay for decades of U.S. deaths in rebuke of Tehran’s request for reparations
By The Associated PressAugust 11, 2026
Photo of New York Stock Exchange
Energy
Oil prices reverse gains in Strait of Hormuz standoff as Wall Street inches up ahead of inflation numbers
By The Associated Press, Elaine Kurtenbach and Matt OttAugust 11, 2026
Photo of Yemeni navy sailor patrolling
Politics
Houthi attacks in Yemen threaten new shipping crisis in Red Sea as Iran digs in on Hormuz demands
By The Associated PressAugust 11, 2026
Antonin Parrot (left) and Oscar Levy (right) are seen smiling against an orange wall.
Startups & Venture
Exclusive: River Markets announces $8.5 million seed round to build prediction market trading tools for institutions
By Camila Grigera NaónAugust 11, 2026
U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender
Economy
U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender
By Eleanor PringleAugust 11, 2026
Top CD rates from major banks Aug. 11, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 11, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 11, 2026
Current price of Bitcoin for Aug. 11, 2026
Personal Finance
Current price of Bitcoin for August. 11, 2026
By Joseph HostetlerAugust 11, 2026
Current price of Ethereum for Aug. 11, 2026
Personal Finance
Current price of Ethereum for August 11, 2026
By Joseph HostetlerAugust 11, 2026
Current price of oil as of Aug. 11, 2026
Personal Finance
Current price of oil as of August 11, 2026
By Joseph HostetlerAugust 11, 2026
Current price of silver as of Tuesday, Aug. 11, 2026
Personal Finance
Current price of silver as of Tuesday, August 11, 2026
By Joseph HostetlerAugust 11, 2026
Current price of gold as of August 11, 2026
Personal Finance
Current price of gold as of August 11, 2026
By Danny BakstAugust 11, 2026
Top CD rates Aug. 11, 2026: Lock in up to up to 4.50%
Personal Finance
Top CD rates Aug. 11, 2026: Lock in up to up to 4.50%
By Glen Luke FlanaganAugust 11, 2026
Top high-yield savings rates: Up to 4.50% on Aug. 11, 2026
Personal Finance
Top high-yield savings rates: Up to 4.50% on Aug. 11, 2026
By Glen Luke FlanaganAugust 11, 2026
Mortgage rates Aug. 11, 2026
Personal Finance
Mortgage rates Aug. 11, 2026
By Glen Luke FlanaganAugust 11, 2026
Current refi mortgage rates report for Aug. 11, 2026
Personal Finance
Current refi mortgage rates report for Aug. 11, 2026
By Glen Luke FlanaganAugust 11, 2026
Current ARM mortgage rates report for Aug. 11, 2026
Personal Finance
Current ARM mortgage rates report for Aug. 11, 2026
By Glen Luke FlanaganAugust 11, 2026
Today’s home equity loan and HELOC rates, Aug. 11, 2026
Personal Finance
Home equity loan and HELOC rates, August 11, 2026
By Joseph HostetlerAugust 11, 2026
boomer
Commentary
CareScout CEO: the hidden economic cost of an aging baby Boomer generation
By Samir ShahAugust 11, 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
Success
Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161placeholder alt text
By Sydney LakeAugust 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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