Business news
- The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff - President Trump's call for U.S. oil companies to rebuild Venezuela's energy sector after the overthrow of President Nicolas Maduro is easier said than done.
- Democratic mayor of Silicon Valley's largest city opposes billionaire tax - Matt Mahan, the Democratic mayor of San Jose, California, came out against a proposed ballot measure that would impose a tax on billionaires in the state.
- Hilton shares fall after DHS says Minneapolis hotel canceled reservation due to immigration enforcement - "We are not allowing any ICE or immigration agents to stay at our property," an email cited by DHS said.
- Michael Burry's big play off the U.S.-Venezuela situation, which the investor has held for years - Burry has owned Valero Energy since 2020, a position he views as increasingly attractive as the U.S. moves toward a deeper role in reviving Venezuela's oil.
- Maduro overthrow could pave the way for these U.S. oil companies to recover assets seized by Venezuela - Shares of U.S. oil majors are rising as investors bet that they will cash in after the military action that ousted Venezuelan President Nicolas Maduro.
- JPMorgan forms special advisory group to share some of bank's 'secret sauce' with clients - They're calling the initiative the "Special Advisory Services," which launches Monday, with Liz Myers, who also serves as global chair of investment banking, at the helm.
- Minnesota Gov. Tim Walz announces he will not seek reelection - Walz, who was Kamala Harris' vice presidential pick for her failed 2024 White House bid, is set to hold a press conference on the "news of the day."
- U.S. stocks show little reaction to Trump's extraordinary Venezuela action. Why investors see a bull case - Geopolitical shocks historically have little impact on the stock market, and, additionally, investors do not expect the attack will escalate further.
- Deposed Venezuelan leader Maduro, wife to appear in New York court after U.S. capture - Nicolas Maduro and his wife, Cilia Flores, were captured on Saturday by U.S. forces in Venezuela on the orders of President Donald Trump.
- Why Russia is treading carefully after the ousting of Kremlin ally Maduro - While Moscow initially condemned U.S. strikes on Venezuela, the Kremlin has not issued an official response on Maduro's ousting, nor has President Putin.