Latest Business News
Trump Announces US Will Run Venezuela to Revive Oil Industry
President Trump stated the US will oversee Venezuela until a safe transition, with major US oil companies investing billions to fix infrastructure and extract wealth. He posted images of Maduro reportedly captured, emphasizing economic revival through oil. Venezuelan VP demands Maduro's release, calling it an international law violation.
Angola Increases Crude Oil Output by 25,000 bpd with N'Dola Sul Field
Angola boosted its upstream oil production as the Chevron-backed N'Dola Sul project started in late December, enhancing export and domestic supply. This strengthens energy security amid global oil market shifts.
Saks Fifth Avenue Nears Bankruptcy After Tumultuous Year
Saks faces bankruptcy due to missed payments, vendor withdrawals, and a failed rescue plan over the past 12 months. The retailer is fighting for survival in a challenging retail environment.
Apple Expected to Launch Foldable iPhone and More Products in 2026
Apple anticipates major reveals in 2026, including a foldable iPhone, to drive growth amid need for big news. These launches aim to refresh its product lineup.
Vanguard Warns Elderly Retirees on RMD Tax Penalties
Millions of retirees risk large tax penalties by missing required minimum distributions from retirement accounts. Vanguard highlights this critical mistake affecting financial planning.
US Investors Plan Trips to Venezuela for Oil Opportunities Post-Raid
A group of 15-20 US investors, led by Signum Global Advisors, schedules a March trip to scout Venezuelan investments following the regime change. Financial experts like Bill Ackman praise the move as beneficial for America.
Venezuela's 303 Billion Barrels of Oil Critical for Global Prices
The raid's impact on Venezuela's massive crude reserves will influence oil markets and everyday American fuel costs. Analysts urge watching oil as the key sector affected.
Trump Emphasizes Oil as Core to Venezuelan Regime Change
Trump declared American firms will rebuild Venezuela's oil sector, accusing the prior regime of stealing US oil. He aims to extract tremendous wealth from the ground.
Venezuelans in South Florida Celebrate Maduro Ouster
Exiled Venezuelans express excitement and hope for freedom after years of waiting for change. Celebrations mix with fears amid the sudden political shift.
Trump Prepares for Potential US Troops in Venezuela Management
Trump stated the US is not afraid of boots on the ground to ensure Venezuela is run properly post-raid. This follows a year of groundwork for military action.
Passkeys Emerge as Essential Upgrade Beyond Passwords
Companies view passkeys not just as security but as key to better user experience, replacing weak password habits across 30+ sites. Adoption is accelerating in business tech.
Sprinkles Cupcakes Shuts Down After Private Equity Takeover
Founder mourns closure of the kitchen-started brand, now felled by private equity involvement in its operations. The story marks a sad end for the cupcake chain.