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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

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

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.
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%

CD rates are currently at their highest compared to recent years, with many yielding over 4% APYs

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
Home equity loan and HELOC rates: Aug. 21, 2026
Today’s home equity loan and HELOC rates, August 21, 2026
By Joseph HostetlerAugust 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
Mortgage rates today, Aug. 21, 2026: Rates tick up slightly
Mortgage rates today, Aug. 21, 2026: Rates tick up slightly
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
Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he’s backing $7 billion Liverpool FC
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
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
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
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’

Billionaire biotech pioneer Robert Langer advises workers to do what makes them happy over money and job security: “If you give up too easily, that’s not good.”

By Emma BurleighAugust 20, 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
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
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
More FinancePage 83 of 100
Kevin Warsh, U.S. President Donald Trump's nominee for Chair of the Federal Reserve, is sworn in to testify during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC.
Economy
Dominoes are steadily falling in the path of the rate cuts Trump wants to see from Kevin Warsh
By Eleanor PringleMay 15, 2026
  • Burned out and going nowhere: the American worker is too mentally drained to even look for a new job
    Health
    Burned out and going nowhere: the American worker is too mentally drained to even look for a new job
    By Nick LichtenbergMay 14, 2026
Harrison Ford wearing a bow tie
Success
Before ‘Star Wars’ made him a multimillionaire, Harrison Ford struggled to make ends meet—so he spent 15 years working a trades side-gig
By Preston ForeMay 15, 2026
US hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026.
Investing
Bill Ackman has been quietly buying Microsoft since February, when AI fears were dragging the stock
By Eva RoytburgMay 15, 2026
newsom
Personal Finance
Gavin Newsom blasts Trump and Bessent as ‘dumb and dumber’ while unveiling $350 billion state budget
By Trân Nguyễn and The Associated PressMay 15, 2026
new mexico
North America
New Mexico is raking in oil profits from Iran War, gaining $59 million for every $1 added to the price of a barrel
By Morgan Lee and The Associated PressMay 15, 2026
lebanon
Economy
Lebanon’s economy minister on the ‘existential nature’ of the Iran War shock: companies closing, people losing jobs, no tourism
By Malak Harb, Kareem Chehayeb and The Associated PressMay 15, 2026
  • Current price of gold as of May 14, 2026
    Personal Finance
    Current price of gold as of May 14, 2026
    By Danny BakstMay 14, 2026
Current price of Bitcoin for May 15, 2026
Personal Finance
Current price of Bitcoin for May 15, 2026
By Joseph HostetlerMay 15, 2026
Current price of Ethereum for May 15, 2026
Personal Finance
Current price of Ethereum for May 15, 2026
By Joseph HostetlerMay 15, 2026
Current price of gold as of May 15, 2026
Personal Finance
Current price of gold as of May 15, 2026
By Danny BakstMay 15, 2026
Top CD rates from major banks May 15, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on May 15, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerMay 15, 2026
Current price of oil as of May 15, 2026
Personal Finance
Current price of oil as of May 15, 2026
By Joseph HostetlerMay 15, 2026
  • fulfilled
    Health
    Half of older Americans are unfulfilled. Their doctors can’t see it
    By Nick LichtenbergMay 14, 2026
Current price of silver as of Friday, May 15, 2026
Personal Finance
Current price of silver as of Friday, May 15, 2026
By Joseph HostetlerMay 15, 2026
chase
Commentary
San Francisco has $2 trillion in AI wealth and can’t fix its own city. That’s every city’s problem
By Chase GarbarinoMay 15, 2026
larry
Startups & Venture
Meet the California cheese mogul who turned to AI agents to save his iconic $50 million business
By Nick LichtenbergMay 15, 2026
Singapore Airlines defends its decision to invest in loss-making Air India: ‘We know the market and how difficult it feels’
Asia
Singapore Airlines defends its decision to invest in loss-making Air India: ‘We know the market and how difficult it feels’
By Angelica AngMay 15, 2026
Wall Street sees ‘nothing of real substance’ in Trump’s China trade deal—and stocks sell off globally
North America
Wall Street sees ‘nothing of real substance’ in Trump’s China trade deal—and stocks sell off globally
By Jim EdwardsMay 15, 2026
Chuck Robbins, chief executive officer of Cisco
Investing
‘Critical infrastructure for the AI era’: Cisco’s CEO on the earnings beat that sent shares to a record
By Sheryl EstradaMay 15, 2026
Top CD rates on May 15, 2026: Lock in up to up to 4.20%
Personal Finance
Top CD rates on May 15, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganMay 15, 2026
The top high-yield savings rates: Up to 5.00% on May 15, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on May 15, 2026
By Glen Luke FlanaganMay 15, 2026
Mortgage rates, May 15, 2026
Personal Finance
Mortgage rates, May 15, 2026
By Glen Luke FlanaganMay 15, 2026
Current refi mortgage rates report for May 15, 2026
Personal Finance
Current refi mortgage rates report for May 15, 2026
By Glen Luke FlanaganMay 15, 2026
Current ARM mortgage rates report for May 15, 2026
Personal Finance
Current ARM mortgage rates report for May 15, 2026
By Glen Luke FlanaganMay 15, 2026
Fed Governor Stephen Miran to resign after Kevin Warsh is sworn in
Banking
Fed Governor Stephen Miran to resign after Kevin Warsh is sworn in
By Bloomberg and Enda CurranMay 14, 2026
Peter Thiel, wearing a white shirt and in front of a red background, holds up a dollar bill.
Energy
Peter Thiel is leading investment in an ocean data center powered by waves—and the startup is reportedly worth $1 billion
By Sasha RogelbergMay 14, 2026
PayPal reaches $30 million DOJ settlement over 2020 program for Black-owned businesses
Law
PayPal reaches $30 million DOJ settlement over 2020 program for Black-owned businesses
By Kristen Parisi and HR BrewMay 14, 2026
Bat deaths over the last two decades have cost American taxpayers in lost crops, higher taxes, and pricier bonds
Environment
Bat deaths over the last two decades have cost American taxpayers in lost crops, higher taxes, and pricier bonds
By The ConversationMay 14, 2026
data center
Economy
Meta’s $10 billion Louisiana data center is getting $3.3 billion in tax breaks—more than seven years of the state’s entire police budget
By Jake AngeloMay 14, 2026
Cerebras Systems ad on a billboard.
AI
Cerebras CEO says AI chip demand is ‘not speculative’ as shares double in blockbuster IPO debut
By Beatrice Nolan and Sharon GoldmanMay 14, 2026
Senators are ‘putting our money where our mouth is’ and approve withholding their pay during government shutdown
Politics
Senators are ‘putting our money where our mouth is’ and approve withholding their pay during government shutdown
By The Associated Press, Joey Cappelletti and Mary Clare JalonickMay 14, 2026
US Secretary of Defense Pete Hegseth (bottom L) speaks with US Treasury Secretary Scott Bessent (bottom centre R), as Tesla and SpaceX CEO Elon Musk (top R) uses his phone and Apple CEO Tim Cook (C) looks on at a welcome ceremony for US President Donald Trump at the Great Hall of the People in Beijing on May 14, 2026.
Economy
Scott Bessent made a fortune spotting currency manipulation. He says Beijing’s $2.5 trillion black hole is ‘a problem for the Europeans’
By Eva RoytburgMay 14, 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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