The US has reached a historic deal with Venezuela to gain majority control over more than 65 billion barrels of oil reserves, significantly boosting its Strategic Petroleum Reserve. This move, announced by President Donald Trump, comes amid global crude supply disruptions linked to the war with Iran. Trump highlighted that the deal costs US taxpayers nothing and more than doubles the US oil reserve, which had recently hit historic lows. The agreement follows a US military strike in Venezuela earlier this year and is expected to strengthen US-Venezuela relations.
Uber Technologies maintains a Buy rating amid stock volatility, driven by strong core business and strategic investments. The company is tackling autonomous vehicle risks by investing $10 billion and planning to integrate 120,000 AVs. Uber's global e...
Stellar Lumens (XLM) has reached over 10 million funded accounts on its network, marking a significant adoption milestone. Despite this growth in user accounts, XLM ownership remains concentrated, with a small number of large wallets controlling a su...
Stifel Nicolaus increased its price target for Donaldson Company to $95, reflecting a 3.77% potential upside. Donaldson reported record fiscal 2026 results with $3.9 billion in sales, a 5% increase, and adjusted EPS up 8% to $3.98. The company also a...
Gold prices initially rose due to dollar weakness and fiscal concerns but dropped sharply after Federal Reserve Chair Kevin Warsh's hawkish speech at Jackson Hole increased expectations for a September rate hike. The metal peaked near $4,697 per ounc...
Grant Cardone's private equity firm, Cardone Capital, purchased an additional 1,200 Bitcoin, using rental cash flow from its real estate holdings to fund regular Bitcoin buys. This hybrid strategy combines income-producing real estate with Bitcoin ex...
