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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.
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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
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
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
Current refi mortgage rates report for Aug. 21, 2026
Current refi mortgage rates report for Aug. 21, 2026
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
Current ARM mortgage rates report for Aug. 21, 2026
Current ARM mortgage rates report for Aug. 21, 2026
By Glen Luke FlanaganAugust 21, 2026
Fortune banner
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
Mortgage rates today, Aug. 21, 2026: Rates tick up slightly
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
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
Facing weary customers, Walmart will use its nearly $3 billion in tariff refunds to lower prices

Walmart passed on tariff-related costs last year and is now trying to lower prices as shares fell nearly 9% after its U.S. sales growth hit a six-year low.

By Mia OsmonbekovAugust 20, 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
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
Latest stories from Fortune
Anthropic to SpaceX: You ain’t bigger
Newsletters
Anthropic to SpaceX: You ain’t bigger
By Alexei OreskovicAugust 21, 2026
Photo: Scott Bessent
Newsletters
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
mm
Commentary
The AI ‘death zone’ is here and most corporate AI strategies are standing in it
By Mark MinevichAugust 21, 2026
sm
Commentary
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
North America
Amazon, Uber, DoorDash, and Walmart are taking the delivery wars to the skies
By Tatiana SatauaAugust 21, 2026
MacKenzie Scott gave California public education $461 million—and let the recipients decide how to spend every dollar
Success
MacKenzie Scott gave California public education $461 million—and let the recipients decide how to spend every dollar
By Sydney LakeAugust 21, 2026
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
More FinancePage 81 of 100
President Donald Trump
Economy
While Trump insisted the Iran war would end ‘soon,’ an account in his name was buying millions in oil, defense, and gold
By Eva RoytburgMay 18, 2026
  • Gundlach says it’s ‘just not possible’ for the Fed to cut rates
    Economy
    Gundlach says it’s ‘just not possible’ for the Fed to cut rates
    By Jordan Fitzgerald, Sam Kim and BloombergMay 17, 2026
Ryanair’s CFO says the airline has plans for an ‘armageddon situation’ as the jet fuel crisis threatens weaker European airlines this winter
Energy
Ryanair’s CFO says the airline has plans for an ‘armageddon situation’ as the jet fuel crisis threatens weaker European airlines this winter
By Marco Quiroz-GutierrezMay 18, 2026
broker
Investing
AI is eating the market and Wall Street strategists have bubble brain as they debate: are we in 1997 or 1999?
By Nick LichtenbergMay 18, 2026
Attendees sit to watch a speech during the 2023 Consensus conference in Austin, Texas
Crypto
A strip club scandal at a major crypto industry event triggers sponsor backlash
By Jack KubinecMay 18, 2026
data center
AI
Communities are blocking billions in data centers. Big Tech has wagered $1 trillion otherwise
By Nick LichtenbergMay 18, 2026
trump
Economy
China will remain an ‘incomplete superpower’ until it can catch up with U.S. financial might, market veteran says
By Jason MaMay 18, 2026
  • Supply shocks weren’t random. They were strategic—and should be seen as ‘supply coercion’ instead, former Fed official says 
    Economy
    Supply shocks weren’t random. They were strategic—and should be seen as ‘supply coercion’ instead, former Fed official says 
    By Jason MaMay 17, 2026
David Solomon
Success
Goldman Sachs CEO David Solomon had 2 jobs as a teenager while also juggling 3 sports. Now, he’s telling Gen Z to stop wasting time
By Preston ForeMay 18, 2026
Top CD rates from major banks May 18, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on May 18, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMay 18, 2026
Current price of Ethereum for May 18, 2026
Personal Finance
Current price of Ethereum for May 18, 2026
By Joseph HostetlerMay 18, 2026
Current price of Bitcoin for May 18, 2026
Personal Finance
Current price of Bitcoin for May 18, 2026
By Joseph HostetlerMay 18, 2026
haidt
AI
A record number of 18-year-olds are set to graduate into an economy designed against them
By Nick LichtenbergMay 18, 2026
  • U.S. says China to buy $17 billion of agricultural goods annually
    Economy
    U.S. says China to buy $17 billion of agricultural goods annually
    By Yash Roy and BloombergMay 17, 2026
Current price of oil as of May 18, 2026
Personal Finance
Current price of oil as of May 18, 2026
By Joseph HostetlerMay 18, 2026
kenya
Energy
The oil crisis is so bad in Kenya that protesters have lit bonfires in the middle of Nairobi
By The Associated PressMay 18, 2026
hochul
Economy
New York governor pleads for remote work during massive rail strike: ‘regular commuters who can work from home … please do so’
By Philip Marcelo, Michael R. Sisak and The Associated PressMay 18, 2026
Current price of gold as of May 18, 2026
Personal Finance
Current price of gold as of May 18, 2026
By Danny BakstMay 18, 2026
spirit
Travel & Leisure
Spirit Airlines apologizes to all the Americans who can’t afford any summer vacation flights as it shuts down
By Rio Yamat and The Associated PressMay 18, 2026
Current price of silver as of Monday, May 18, 2026
Personal Finance
Current price of silver as of Monday, May 18, 2026
By Joseph HostetlerMay 18, 2026
shakira
Law
Shakira will get a $64 million refund from the Spanish government after judge finds she’s not a tax fraud after all
By The Associated PressMay 18, 2026
US President Donald Trump speaks before signing an executive order in the Oval Office at the White House in Washington, DC, as Commerce Secretary Howard Lutnick looks on.
Newsletters
Trump’s new corporate playbook: Why the administration is taking equity stakes in companies like Intel
By Sheryl EstradaMay 18, 2026
charlie
Commentary
Anaplan CEO: AI isn’t eating software. It’s sorting it
By Charlie GottdienerMay 18, 2026
Wallet makers are the quiet backbone of the crypto industry. Now they want to be banks
Newsletters
Wallet makers are the quiet backbone of the crypto industry. Now they want to be banks
By Jeff John RobertsMay 18, 2026
President Donald Trump speaks in front of the American flag to the press as he departs the White House on May 12, 2026 in Washington, DC.
Economy
President Trump says the White House’s dealmaking era ends with him: ‘It’s not going to happen again’
By Eleanor PringleMay 18, 2026
The top high-yield savings rates: Up to 5.00% on May 18, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Photo collage of people at work
AI
After AI stole his clients, one Big Tech ghostwriter is using AI to get them back
By Sage LazzaroMay 18, 2026
Mortgage rates, May 18, 2026
Personal Finance
Mortgage rates, May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Current refi mortgage rates report for May 18, 2026
Personal Finance
Current refi mortgage rates report for May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Current ARM mortgage rates report for May 18, 2026
Personal Finance
Current ARM mortgage rates report for May 18, 2026
By Glen Luke FlanaganMay 18, 2026
Top CD rates on May 18, 2026: Lock in up to up to 4.20%
Personal Finance
Top CD rates on May 18, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganMay 18, 2026
While Detroit blinked on EVs, the Iran war has handed Chinese automakers the opportunity of a lifetime
North America
While Detroit blinked on EVs, the Iran war has handed Chinese automakers the opportunity of a lifetime
By Marco Quiroz-GutierrezMay 18, 2026
Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran
Energy
Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran
By Jason MaMay 17, 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
Personal Finance
Current price of oil as of August 20, 2026placeholder alt text
By Joseph HostetlerAugust 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
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