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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

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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

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
t
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
seated man speaks into microphone
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
More FinancePage 88 of 100
‘As long as the Strait of Hormuz stays closed, markets remain on a knife-edge,’ Deutsche Bank warns
Politics
‘As long as the Strait of Hormuz stays closed, markets remain on a knife-edge,’ Deutsche Bank warns
By Jim EdwardsMay 11, 2026
  • Russian debt defaults are surging, with a quarter of the bond market at risk, while Putin hides in bunkers fixated on his war instead of the economy
    Economy
    Russian debt defaults are surging, with a quarter of the bond market at risk, while Putin hides in bunkers fixated on his war instead of the economy
    By Jason MaMay 9, 2026
Top CD rates on May 11, 2026: Lock in up to up to 4.20%
Personal Finance
Top CD rates on May 11, 2026: Lock in up to up to 4.20%
By Glen Luke FlanaganMay 11, 2026
The top high-yield savings rates: Up to 5.00% on May 11, 2026
Personal Finance
The top high-yield savings rates: Up to 5.00% on May 11, 2026
By Glen Luke FlanaganMay 11, 2026
This upstart stablecoin bank just won a rare OCC charter and raised $40 million. Its CEO is only 25
Banking
This upstart stablecoin bank just won a rare OCC charter and raised $40 million. Its CEO is only 25
By Jeff John RobertsMay 11, 2026
Sharon Shmueli, left, and Tal Shlomo, right, sit and smile
Newsletters
Exclusive: Index Ventures backs Frame’s $50 million bet that employees are still cybersecurity’s weakest link
By Lily Mae LazarusMay 11, 2026
Current refi mortgage rates report for May 11, 2026
Personal Finance
Current refi mortgage rates report for May 11, 2026
By Glen Luke FlanaganMay 11, 2026
  • Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals ‘dirty little secret’
    Politics
    Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals ‘dirty little secret’
    By Jason MaMay 9, 2026
Current ARM mortgage rates report for May 11, 2026
Personal Finance
Current ARM mortgage rates report for May 11, 2026
By Glen Luke FlanaganMay 11, 2026
Mortgage rates, May 11, 2026
Personal Finance
Mortgage rates, May 11, 2026
By Glen Luke FlanaganMay 11, 2026
voters in line
Economy
Forget the Rust Belt or the Sun Belt. The ‘Wired Belt’ may be the next frontier of American political power
By Jake AngeloMay 11, 2026
Markets sell off as U.S.-Iran ceasefire plans go nowhere, leaving Trump with military options to reopen the Strait of Hormuz
Energy
Markets sell off as U.S.-Iran ceasefire plans go nowhere, leaving Trump with military options to reopen the Strait of Hormuz
By Jason MaMay 10, 2026
Mah Sing sees natural ‘spillovers’ from Malaysia’s strong growth, as the conglomerate bets on premium residences and data centers
Real Estate
Mah Sing sees natural ‘spillovers’ from Malaysia’s strong growth, as the conglomerate bets on premium residences and data centers
By Angelica AngMay 10, 2026
  • Bahrain, which hosts the U.S. Navy’s Mideast HQ, arrests dozens with alleged links to Iran’s Revolutionary Guard
    Politics
    Bahrain, which hosts the U.S. Navy’s Mideast HQ, arrests dozens with alleged links to Iran’s Revolutionary Guard
    By Adam Schreck, Samy Magdy and The Associated PressMay 9, 2026
The Strait of Hormuz crisis shows energy security is now a boardroom issue
Commentary
The Strait of Hormuz crisis shows energy security is now a boardroom issue
By Victor NianMay 10, 2026
Trump quickly blasts Iran’s response to U.S. ceasefire proposal as ‘totally unacceptable’ after warning Tehran ‘will be laughing no longer’
Politics
Trump quickly blasts Iran’s response to U.S. ceasefire proposal as ‘totally unacceptable’ after warning Tehran ‘will be laughing no longer’
By Jon Gambrell, Samy Magdy and The Associated PressMay 10, 2026
Market guru Yardeni sees S&P 500 hitting 8,250 this year, highest among top Wall Street forecasters, as earnings bolster ‘Roaring 2020s’
Investing
Market guru Yardeni sees S&P 500 hitting 8,250 this year, highest among top Wall Street forecasters, as earnings bolster ‘Roaring 2020s’
By Jason MaMay 10, 2026
World’s largest oil company reports 25% profit jump as exports via Saudi Arabia’s East-West Pipeline bypass Strait of Hormuz closure
Energy
World’s largest oil company reports 25% profit jump as exports via Saudi Arabia’s East-West Pipeline bypass Strait of Hormuz closure
By The Associated PressMay 10, 2026
The global economy is experiencing the largest capex cycle ever, with nearly $5 trillion seen by the end of the decade—and it’s not all AI spending
Energy
The global economy is experiencing the largest capex cycle ever, with nearly $5 trillion seen by the end of the decade—and it’s not all AI spending
By Jason MaMay 10, 2026
Frontier swoops in after Spirit fails while rivals cut capacity
North America
Frontier swoops in after Spirit fails while rivals cut capacity
By Siddharth Philip, Vivien Ngo, Allyson Versprille and BloombergMay 10, 2026
AI wins have Alphabet poised to become world’s biggest company
AI
AI wins have Alphabet poised to become world’s biggest company
By Ryan Vlastelica and BloombergMay 10, 2026
Qatar sends first LNG shipment through Hormuz since war started
Energy
Qatar sends first LNG shipment through Hormuz since war started
By Stephen Stapczynski, Weilun Soon and BloombergMay 10, 2026
China may not offer breakthroughs when Trump meets Xi because Beijing is ‘working backward from our midterm elections’
Asia
China may not offer breakthroughs when Trump meets Xi because Beijing is ‘working backward from our midterm elections’
By Will Weissert and The Associated PressMay 10, 2026
Elon Musk stares
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
Blackstone CEO Stephen Schwarzman
Success
Blackstone CEO admits his first big investment loss nearly brought him to tears—but the lesson put him on a path to now being worth $47 billion
By Emma BurleighMay 10, 2026
Gas prices at more than $6 a gallon are displayed at a Mobil station on May 04, 2026 in Los Angeles, California.
Economy
‘Americans are literally getting squeezed’: A top economist on why your wages are disappearing while the rich keep booking vacations
By Eva RoytburgMay 10, 2026
Fortune Archives: Ted Turner’s reckless, brilliant bets
Law
Fortune Archives: Ted Turner’s reckless, brilliant bets
By Indrani SenMay 10, 2026
Torsten Slok, wearing a suit, speaks on a stage with a gold and black background.
AI
‘The gains will be substantial’: The AI shock is looking a lot like the China shock, and a top economist says that’s actually good news
By Sasha RogelbergMay 10, 2026
trump
Commentary
Trump thinks he’s flying to Beijing with leverage. China spent 6 years making sure he doesn’t have any
By Steve H. HankeMay 10, 2026
UK moves warship to Middle East for potential Hormuz mission
Politics
UK moves warship to Middle East for potential Hormuz mission
By Ellen Milligan and BloombergMay 9, 2026
Iran war is draining world’s oil buffer at an unprecedented pace
Energy
Iran war is draining world’s oil buffer at an unprecedented pace
By Grant Smith, Yongchang Chin and BloombergMay 9, 2026
Trump Media posts $405 million loss driven by crypto holdings
Crypto
Trump Media posts $405 million loss driven by crypto holdings
By Yash Roy and BloombergMay 9, 2026
The federal government must issue more debt than it expected as cash flow weakens, and ‘the bond market is shouting’
Investing
The federal government must issue more debt than it expected as cash flow weakens, and ‘the bond market is shouting’
By Jason MaMay 9, 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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