While the U.S. action is unlikely to have an immediate impact on crude prices given the current glut in the market, it could upend energy markets and have an impact on the geopolitical landscape. The shale oil revolution made the U.S. the world’s largest crude producer. Recent, massive oil finds off the coast of Guyana … Read more
The OECD announced Monday that nearly 150 countries have agreed on the plan, initially crafted in 2021, to stop large global companies from shifting profits to low-tax countries, no matter where they operate in the world. The amended version excludes large U.S.-based multinational corporations from the 15% global minimum tax after negotiations between President Donald … Read more
Investors can be forgiven for feeling nervous after navigating what Fundstrat Global Advisors’ head of research Tom Lee calls a series of “extinction events” over the last four years. However, according to the top analyst, the very trauma of these recent crises has suppressed the economy and investor sentiment, creating a coiled spring for a … Read more
The Big Short investor Michael Burry says Venezuela’s recent U.S.-led regime change could weaken one of America’s biggest adversaries. Burry, who correctly predicted the subprime mortgage crisis in 2008, said Russia may face consequences after the U.S. toppled Venezuelan President Nicolás Maduro early Saturday, the investor wrote in a post on his Substack newsletter, Cassandra … Read more
An image circulated over media the weekend of Jan. 3 and 4 was meant to convey dominance: Venezuela’s president, Nicolás Maduro, blindfolded and handcuffed aboard a U.S. naval vessel. Shortly after the operation that seized Maduro and his wife, Cilia Flores, President Donald Trump announced that the United States would now “run” Venezuela until a … Read more
A day before the U.S. military captured Venezuelan dictator Nicolas Maduro, President Donald Trump threatened Iran’s regime as protests there continued amid deteriorating economic conditions. Given the stunning success of the weekend raid in South America and the U.S. bombing of Iran’s nuclear facilities in June, speculation has grown that Trump may turn his sights … Read more
For years, people had pressed hedge fund mogul Warren Buffett on who would take over Berkshire Hathaway as he geared up to step down. Rumors swirled, but 63-year-old veteran businessman Greg Abel was ultimately named his successor in 2025. The boomer billionaire has now assumed the throne of the $1 trillion company—but his journey to … Read more
It’s like a new telling of the “Tortoise and the Hare”: A group of experienced software engineers entered into an experiment where they were tasked with completing some of their work with the help of AI tools. Thinking like the speedy hare, the developers expected AI to expedite their work and increase productivity. Instead, the … Read more
U.S. stocks are rising at the open led by technology and energy stocks. The S&P 500 rose 0.6% early Monday and the Nasdaq composite added 0.7%. The Dow gained 330 points, or 0.7%. The price of U.S. crude oil gained 1% after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend raid. Shares of … Read more
For many, the start of a new year can mean the start of performance review and raise season. But recent ADP data shows the share of U.S. workers receiving bonuses has been falling since 2021. Less than 40% of employees received a bonus last year, down from 44% in 2021. And in 2024, the average … Read more