Finance
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OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury
The United Arab Emirates stunned the already reeling global energy markets Tuesday by announcing it is quitting both OPEC and OPEC+, dealing a heavy blow to the oil exporters’ cartel and its de facto leader, Saudi Arabia—and doing so just days after Treasury Secretary Scott Bessent publicly backed an emergency dollar swap line for Abu
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Current price of oil as of April 28, 2026
As of 9 a.m. Eastern Time today, oil is trading at $109.96 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $3.23 above yesterday morning’s level and about $44.50 higher than where it stood a year ago. Oil price per barrel % Change Price of oil yesterday $106.73 +3.02% Price of
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Ten years after Ethereum’s DAO disaster, it’s time to try again
It’s been a decade since I frantically pounded out a warning letter known as The DAO Moratorium. So urgent was the missive that we pushed the document live before it was complete, allowing anyone who was interested to read along in real time. Even as I and two colleagues typed out the finishing touches, hundreds
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Exchange startup Liquid raises $18 million Series A for leveraged trading on stocks, crypto, commodities, prediction markets, and private secondaries
Some of crypto’s most lucrative businesses have always been its exchanges, but crypto-based exchanges are coming to be less reliant on crypto trading. Liquid, which launched as a hub for crypto-based derivatives in 2025, closed an $18 million Series A round on the premise of being a 24/7 leveraged trading hub for retail traders of
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Trump’s ‘gold card’ visas were supposed to solve the $39 trillion national debt. They’ve only sold one
Whether or not you agree with President Trump’s methods to drum up revenue to assist with the government’s balance of payments, economists largely welcome the fact that at least the White House is talking about deficits. At the time of writing, the U.S. Treasury is sitting on debt worth just shy of $39 trillion, a
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Before Berkshire’s big meeting Saturday, revisit 60 years of Warren Buffett’s best investing tips
This Saturday, Berkshire Hathaway shareholders will descend upon Omaha, Nebraska, for the company’s annual meeting, just as they did for over 60 years before. But for the first time ever, they’ll be doing it withoutWarren Buffett sitting in as company CEO. Though Buffett, 95, will still be in attendance this year, but he’s not set
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You should pick your credit card perks like how Warren Buffett picks his stocks, TD Bank exec says
If you’re a Boglehead like myself, you can talk endlessly about the compounding powers of the three-fund “lazy portfolio:” some bonds, some domestic stocks, and some international ones. Set it and forget it, never look at it again until you need to. If you don’t feel comfortable with the three-fund portfolio, you might want to
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As Spirit Airlines looks for a lifeline, Frontier and Avelo are asking the Trump administration for $2.5 billion to cover jet fuel costs
As sky high jet fuel prices continue to put intense pressure on airlines’ bottom line, budget airlines are looking for a way to make ends meet. As the federal government weighs a $500 million bailout for Spirit Airlines, more budget airlines are now turning to the Trump administration to stay above the clouds. A group
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Bitcoin drives back toward $80k—but one billionaire may be fueling much of the rally
Bitcoin’s price has climbed roughly 15% over the past month, and crossed above $79,000 over the weekend. The oldest cryptocurrency is now sitting at around $77,000, which is the highest the token has traded since an early February sell-off, but it’s unclear how durable this latest rally will prove to be. Markets more broadly have
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‘Capitalism works because the losers die’: Kevin O’Leary says it’s a ‘really bad idea’ for the federal government to bail out Spirit Airlines
Spirit Airlines may have only days to secure a lifeline, but multimillionaire investor and Shark Tank star Kevin O’Leary thinks Washington should let the budget carrier crash and burn. In an interview on Thursday on NewsNation’s Katie Pavlich Tonight, O’Leary called the Trump administration’s reported $500 million plan to rescue Spirit Airlines a “really bad