Business

President Donald Trump suggested the US may subsidize efforts by energy companies to rebuild Venezuela’s oil industry as his administration seeks to convince firms to invest in the country days after ousting strongman Nicolás Maduro. Trump said the project to have US oil industry companies expand their operations in the country could be “up and running” in less than 18…

President Donald Trump’s plans to restore Venezuela’s beleaguered oil industry faces a series of challenges that will cost U.S. oil companies many billions of dollars to overcome. Over the weekend, U.S. forces arrested Venezuelan President Nicolas Maduro on drug trafficking charges, with Trump claiming the U.S. would “run” the country and take over the country’s nationalized oil reserves. “American dominance…

With its new Pax Silica Declaration, Washington has picked its most trusted partners in the AI sector: An array of close U.S. allies, including Australia, the U.K., and Israel.  Yet despite deepening trade relations between the U.S. and ASEAN nations like Thailand, Malaysia and Vietnam, Singapore remains the agreement’s only Southeast Asian signatory. That decision comes even as ASEAN nations…

President Donald Trump teased that he has a preferred candidate to be the next chair of the Federal Reserve, but is in no hurry to make an announcement — while also musing that he might fire the central bank’s current leader, Jerome Powell. “I do, still do — hasn’t changed,” Trump said at a press conference Monday, when asked if…

Vince Zampella, one of the creators behind such best-selling video games as “Call of Duty,” has died. He was 55. Video game company Electronic Arts said Zampella died Sunday. The company did not disclose a cause of death. In 2010, Zampella founded Respawn Entertainment, a subsidiary of EA, and he also was the former chief executive of video game developer…

President Donald Trump has announced a bold plan for the Navy to build a new, large warship that he is calling a “battleship” as part of a larger vision to create a “Golden Fleet.” “They’ll be the fastest, the biggest, and by far 100 times more powerful than any battleship ever built,” Trump claimed during the announcement at his Mar-a-Lago…

Dealmakers are heading into the final weeks of 2025 on a $100 billion cliffhanger. Paramount Skydance Corp.’s hostile bid to snatch Warner Bros. Discovery Inc. from under the nose of Netflix Inc. encapsulates the themes that have shaped a banner year for mergers and acquisitions: renewed desire for transformative tie-ups, massive checks from Wall Street, the flow of Middle East money and US President Donald Trump’s…

The New York Mets’ ballpark in Queens. A Bronx golf course once operated by President Donald Trump ’s company. A slot parlor on a horse racing track near John F. Kennedy International Airport. The three disparate sites, located far from the tourist hub of Manhattan, will become the future homes of New York City’s first Las Vegas-style resort casinos. The state Gaming…

Starting this Wednesday, many Australian teens will find it near impossible to access social media. That’s because, as of Dec. 10, social media platforms like TikTok and Instagram must bar those under the age of 16, or face significant fines. Australian Prime Minister Anthony Albanese called the pending ban “one of the biggest social and cultural changes our nation has…

The immense electricity needs of AI computing was flagged early on as a bottleneck, prompting Alphabet’s Google Cloud to plan for how to source energy and how to use it, according to Google Cloud CEO Thomas Kurian. Speaking at the Fortune Brainstorm AI event in San Francisco on Monday, he pointed out that the company—a key enabler in the AI infrastructure landscape—has…