Business

Over the weekend, U.S. special forces executed a daring raid on Caracas, capturing the now-former dictator of the country, Nicolás Maduro, and his wife, subsequently taking them to New York, where both were indicted on multiple charges, including narco-terrorism conspiracy and cocaine importation conspiracy.What next? After Maduro was captured, President Donald Trump said the U.S. would initially take over the administration of Venezuela. "We will run the country until such […]

American energy firms have yet to say whether they plan to return to Venezuela to resurrect an oil industry hollowed out by years of neglect.Chevron, the only U.S. energy titan operating in Venezuela, said in a statement to Fox News Digital that it was following "relevant laws and regulations.""Chevron remains focused on the safety and well-being of our employees, as well as the integrity of our assets," a Chevron spokesperson […]

President Donald Trump pledged a U.S. return to Venezuela’s oil industry following the stunning predawn capture of Venezuelan President Nicolás Maduro, accusing the country’s socialist government of seizing American energy assets and dismantling an industry built with U.S. investment."We built Venezuela’s oil industry with American talent, drive and skill, and the socialist regime stole it from us," Trump said during a news conference at Mar-a-Lago in Palm Beach, Florida."Venezuela unilaterally […]

When Italy’s Giorgia Meloni took the job of prime minister in 2022, the country wasn’t in good shape. But since then, the economy has bounced back in ways that few outsiders would have expected. Now the country looks healthier than either Germany or France, the two largest economies in the European Union.In 2022, Italy’s deficit was 8.1% of GDP, according to Trading Economics. Unemployment in December 2022 was 7.9%, and […]

Atlanta's first government-operated grocery store, Azalea Fresh Market, has had a successful start, according to city officials. The community-driven grocery store, funded by taxpayers, is located in the downtown area long considered a food desert. City of Atlanta, Invest Atlanta, IGA and Savi Provisions collectively worked together to develop the store, which has served tens of thousands of customers since opening last fall.Atlanta Mayor Andre Dickens told Black Enterprise that the […]

Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run.The 95-year-old officially stepped down Thursday, and successor Greg Abel, who started at Berkshire in 2000 and served as vice chairman of its board of directors, took over Friday.In afternoon trading Friday, Class A shares of Berkshire Hathaway had fallen 1.5% by 3 p.m. ET.In Warren’s last year as CEO, the conglomerate gained 10.9%, […]

Israeli billionaire tech entrepreneur and Cato Networks co-founder Shlomo Kramer argued on Monday’s episode of CNBC’s "Money Movers" that governments must restrict freedom of speech in the age of AI.Israeli Prime Minister Benjamin Netanyahu met with President Donald Trump Monday at his Mar-a-Lago estate, weeks after a top Israeli defense official warned the world is soon to face its first cyber-based war. This meeting between Trump and Netanyahu comes amid […]

Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been tried.Ackman, who is not a California resident, took to X earlier this week to criticize the proposal which, if approved by voters, would impose a one-time 5% tax on the assets of California residents worth more than $1 billion."I am opposed […]

Trump's Crypto Czar David Sacks is predicting that Miami will dethrone New York City as the nation's financial capital following the swearing-in of socialist Zohran Mamdani as the city’s 111th mayor.Sacks, a venture capitalist that was appointed as Trump's influential advisor on artificial intelligence and cryptocurrency, said in a post on X that if progressive policies continue, it will drive New York's capital and talent to migrate to the "Sunshine […]