Business

The revival of Venezuela’s oil industry presents investors with a major opportunity in the country’s defaulted debt, according to a firm that generated a 30% gain after the country’s president, Nicolas Maduro, was captured by U.S. forces on Saturday. The Wall Street Journal reported Tuesday that U.S. President Donald Trump plans to meet with oil…

The Trump administration is quickly reshaping the Federal Emergency Management Agency, or FEMA, in ways that carry vast implications for state and local governments. “We’re going to give out less money. We’re going to give it out directly. It’ll be from the president’s office,” President Donald Trump said at a press conference June 11. The…

President Donald Trump speaks during a bill signing ceremony in the Oval Office of the White House, in Washington, Dec. 12, 2025. Francis Chung | Politico | Bloomberg | Getty Images President Donald Trump on Thursday said he is “instructing my Representatives” to buy $200 billion in mortgage bonds, claiming that doing so will drive…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could…

A “Now Hiring” sign at a Cookout fast-food restaurant in Durham, North Carolina, Nov. 25, 2025. Al Drago | Getty Images The U.S. labor market likely showed modest improvement in December, providing some encouragement for the year ahead but nothing to get too excited about. Nonfarm payrolls likely rose by 73,000 last month while the…

Pedestrians walk past a Saks Fifth Avenue store in Chicago, Dec. 30, 2025. Scott Olson | Getty Images Beleaguered retail chain Saks Global is struggling to line up as much as $1 billion in financing to keep its business afloat during a potential Chapter 11 bankruptcy filing, CNBC has learned.  The luxury chain has been…

👉 Visit the Official SleepLean Website The average interest rate on a 30-year US mortgage edged slightly higher this week but remained close to its lowest level of 2025, offering limited relief to homebuyers amid a still-challenging housing market, according to data released by Freddie Mac.The average long-term mortgage rate rose to 6.16% this week…

 Chief Minister A Revanth Reddy with Ministers and officials at a review meeting on Budget, SC categorisation and Caste Survey on Saturday. | Photo Credit: Special arrangement The marathon meeting of Chief Minister A. Revanth Reddy with Ministers at the Police Command Control Centre focused on the discrimination in the Union Budget and is said…

The Nifty, Sensex ended the session lower due to renewed concerns over potential U.S. tariff hikes amid widespread selling pressure in global markets. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty fell sharply by nearly 1% on Thursday (January 8, 2026), continuing their weak momentum for the fourth straight session, due to…

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India is expected to grow by 7.2% in the financial year 2025-26, with consumption and public investment expected to “largely offset” the impact of the tariffs by the United States, the United Nations Department of Economic and Social Affairs (UNDESA) said in a report. …