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…
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…
Copper prices reached a new record high on Monday, driven by intensifying concerns over supply.This was primarily a result of a strike at a key Chilean mine, alongside low stock levels in London Metal Exchange-approved warehouses and projections for market deficits.At the time of writing, the three-month copper contract on…
Europe’s markets and politics jolted into motion as a dramatic US intervention in Venezuela rippled across global finance and diplomacy.London stocks pushed toward historic highs amid a rush into defence and gold, while regulators intensified scrutiny of AI abuses and leaders from Copenhagen to Budapest warned of far-reaching consequences.From energy…
Markets lurched across energy, tech, and geopolitics as Washington injected fresh volatility into global trade and supply chains.Trump’s vow to reopen Venezuela’s oil fields sent US refiners and Chevron surging, while tariff threats against India rattled emerging-market confidence.In tech, Nvidia faces a defining moment at CES amid rising custom-chip competition,…
The Dow Jones Industrial Average surged more than 800 points, or roughly 1.7%, to breach an all-time record above 49,000 on Monday.The historic rally came as Wall Street assessed the US military’s weekend capture of Venezuelan President Nicolás Maduro as a contained geopolitical event unlikely to spark global instability.The S&P…
Trump administration’s surprising attack on Venezuela this past weekend could “embolden” China on Taiwan, says Kurt Campbell, the former US deputy secretary of state.On January 3rd, Washington launched a military strike on Venezuela, detaining its president, Nicolás Maduro, and his wife, Cilia Flores.White House justified the aggressive use of force,…
The IRS has quietly handed most American workers a modest tax break starting this month, but fewer are likely aware of it.Inflation adjustments and changes from the One Big Beautiful Bill Act have lifted 2026 tax brackets and the standard deduction, meaning many taxpayers could keep slightly more of each…
Indonesia’s government bond market ended 2025 with a narrow but notable turnaround in foreign investor behaviour. After months of persistent selling, overseas funds returned in December, helping the market close the year with a small net inflow. The shift followed a volatile period marked by political unrest, leadership changes at…
Valero Energy has emerged as a key focus for investors after renewed attention on Venezuela’s oil sector following the capture of President Nicolas Maduro and US President Donald Trump’s push to encourage American oil companies to help revive the country’s battered industry.The US-based refiner has drawn backing from both Wall…