Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon
President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves.

President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves.
Chief Justice John Roberts dissented with three liberal justices, saying, "That construction is likely unlawful."
Bipartisan lawmakers cautioned that existing safeguards may not be enough to keep up with AI's advances.
Trump argued rapid growth should not prompt Fed rate hikes, even as inflation remains above the central bank’s 2% target.
Eligible children with Trump Accounts will start receiving the $250 Dell gift this week, according to the Dell Foundation.
The path toward the move still looks cluttered.
Mortgage rates aren't expected to get much cheaper for homebuyers in 2027, especially if inflation stays high.
New York City brokers said they've seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.
Bessent, at a G20 finance meeting, told CNBC he spoke with Stanley Druckenmiller after his critical op-ed was published and that their conversation went "fine."
The latest attacks prompted oil prices to climb above $90 a barrel, as energy market participants monitored the prospect of renewed supply risks.
The FTC sued Amazon, alleging the company misled advertisers through a deceptive auctioning system.
Communication expert Dorie Clark calls it the "label upgrade" strategy. "It's a powerful move," she says. "Own the truth," then redefine their label. Here's how.
OpenAI's ChatGPT Work offering was down for some users on Monday, and Microsoft said it was having issues with Exchange Online.
The risk-reward of buying protection in the equity market looks compelling.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
"China could not be happier with this anti Data Center movement," Trump said as Republicans express concerns about the backlash to data centers.
To help fund Trump Accounts, American Airlines said it will match the federal $1,000 contribution for employees' children.
"The stakes are high" heading into Broadcom earnings, says Mike Khouw.
Former GOP Rep. George Santos, of New York, has drawn fire for allegedly trading on whether he would attend this year's State of the Union address.
OpenAI's move to serve ads in ChatGPT earlier this year drew ridicule from its chief rival, Anthropic, in the form of a Super Bowl commercial.
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
Investors should be on high alert because various key market metrics are coiling near consequential thresholds.
The insurance broker said the merger will create the premiere U.S. middle-market platform.
OpenAI plans to end model access through Cursor on Nov. 12, citing concerns after SpaceX’s $60 billion acquisition of the coding startup.