In a bold move back in 1976, Venezuela nationalized its oil industry, seizing control from foreign companies like ExxonMobil. Discover how this decision reshaped the nation's economy and global oil markets.
In a dramatic escalation, President Trump has announced a blockade on Venezuela's sanctioned oil tankers, intensifying pressure on Nicolás Maduro's regime. The move follows recent military actions in the region aimed at crippling the Venezuelan economy reliant on oil revenue.
In a dramatic turn of events, Paramount Skydance is making a hostile bid for Warner Bros. Discovery after losing out to Netflix. With a $30-per-share all-cash offer, Paramount aims to sway WBD shareholders and navigate regulatory challenges in a fiercely competitive media landscape.
In a significant turn of events, Russian energy giant Lukoil announces its exit from international operations due to stringent U.S. sanctions, potentially leading to a 30% drop in revenues. The company seeks buyers for its foreign ventures amidst escalating tensions over the Ukraine conflict.
Yuga Labs is set to launch Otherside on November 12th, a metaverse promising an immersive experience with NFTs and user-generated content, but is it enough to captivate gamers?
Warner Bros. Discovery Inc. is set to reach out to potential bidders for its film and TV division, requiring them to sign nondisclosure agreements ahead of sharing sensitive financial details.
As Ukraine's president and European leaders unite against Putin's land demands, tensions rise over Trump's fluctuating stance on peace in the region. Can a resolution be reached without conceding territory?
Gold has surged past $4,300 an ounce, marking its biggest weekly gain since December 2008. Geopolitical and economic uncertainties, along with U.S. rate cut expectations, are driving investors to this safe haven. Will gold continue to rise?
Gold futures have hit a record high of over $4,000 an ounce, marking a significant shift as investors flee from dollar-denominated assets amid growing distrust in U.S. financial stability. What does this mean for the economy?
In a pivotal move for the banking industry, Fifth Third has announced its acquisition of Comerica, creating a financial powerhouse with $288 billion in assets. This merger aims to enhance competitiveness and expand into high-growth markets, signaling a new era for regional lenders.