The arrest of Nicolás Maduro has thrust Venezuela’s long-troubled oil industry back into the global spotlight, prompting investors and policymakers to reassess who controls the country’s vast crude resources and whether they can be revived after decades of decline. While Venezuela holds the world’s largest proven oil reserves, years of mismanagement, sanctions, and underinvestment have
Escalating trade tensions, US President Donald Trump announced on Sunday that the US is considering raising tariffs on India unless New Delhi agrees to Washington’s demands to reduce its purchases of Russian oil, following the latest round of inconclusive trade talks. “(Prime Minister Narendra) Modi is a good guy. He knew I was not happy,
The S&P 500 Index remained on edge near its all-time high of $6,945 as investors prepared for the new year. It remains nearly 42% above its lowest level in April last year. This article highlights some of the top news that will drive the S&P 500 Index, SPY, and VOO ETFs this week. The Venezuela
Cardano (ADA) has slightly dipped below $0.40 on Monday after a rally that allowed it to close above the falling wedge pattern in the previous week. The positive performance is supported by increased participation in the derivatives market, with retail traders optimistic about ADA’s price in the near term. ADA trades around $0.40 as retail
Gold prices resumed their upside on Monday as the metal hit a one-week high on increased safe-haven demand. Silver prices also surged more than 4%, mirroring strong gains from last year. Meanwhile, oil prices were volatile as concerns about oversupply outweighed risks from the ongoing crisis in Venezuela. Additionally, copper prices surged toward a record
Starknet, an Ethereum Layer-2 scaling network built on zero-knowledge rollup technology, has suffered a fresh multi-hour outage, raising renewed concerns about network stability and operational resilience. The Starknet team confirmed the downtime on X, stating that engineers are actively investigating the issue and working to restore full functionality as quickly as possible. According to public
CoreWeave shares were rising early Monday after a known critic of the company upgraded the stock and raised its price target, citing an OpenAI fundraise would also benefit the cloud-tech company. DA Davidson analyst Gil Luria upgraded CoreWeave to Neutral from Underperform and raised his price target to $68 from $36, triggering a rise of
The US military’s capture of Venezuelan President Nicolás Maduro on January 3 should have sent shockwaves through the global financial world. Instead, markets across Asia, Europe, and the Americas yawned. Japan’s Nikkei 225 surged 2.9% to near 7-week highs, Europe’s STOXX 600 ticked up 0.3%, and US equity futures remained firm despite the geopolitical headline.
Shares of US oil companies surged on Monday, a jump spurred by the potential to gain access to Venezuela’s massive oil reserves. Shares of Chevron, the sole US major currently operating in Venezuela’s oil fields, saw a 6.5% jump in premarket trading, according to a Reuters report. Meanwhile, refiners such as Marathon Petroleum, Phillips 66,
US stocks opened the week on a firm footing, brushing aside geopolitical shock after Washington’s strike on Venezuela and the capture of President Nicolás Maduro. The S&P 500 rose about 0.6% on the day. The Dow Jones Industrial Average added roughly 256 points, also up 0.6%. The tech-heavy Nasdaq Composite outperformed, climbing close to 0.8%