Articles & Videos
Trump Family Businesses Rake in $4 Billion After His Reelection with Focus on AI, Crypto & Nuclear
Ventures launched by the Trump family since Donald Trump’s reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family. With investments across sectors like real estate, hospitality, media, cryptocurrency and more, the Trumps are “increasingly integrating their business empire” into the wider U.S. economy, says David Uberti, who has been reporting on the family’s self-enrichment for The Wall Street Journal. The coupling of Trump’s economic and political influence is raising major questions about conflicts of interest. “You have all of these different business interests in different areas in which the government regulates,” and this “proximity to power may help along some of these deals and the valuations at which they’re made.” We look at the Trumps’ cryptocurrency venture World Liberty Financial and the Trump Organization’s planned $6 billion merger with a firm hoping to build a nuclear fusion plant to power AI data centers with Uberti, who says such “very speculative, highly risky corners of financial markets” are key to the family’s investment strategy.
Chevron Stocks Surge After Trump Vows to "Take Back" Venezuela's Oil After U.S. Attack
The share prices of U.S. oil companies surged following the Trump administration’s attack on Venezuela and abduction of its president, Nicolás Maduro. In public statements, Trump has been clear about his desire to reassert U.S. corporate control over Venezuela’s nationalized oil industry. Now with Trump’s show of force over Venezuela’s political sovereignty, many investors see the potential for a similar overpowering of the socialist country’s economic independence. However, notes financial reporter David Uberti, it won’t be so easy for Wall Street to make a profit. In addition to upgrading Venezuela’s “decrepit” oil-producing infrastructure, “they have to push for more appetite for oil around the world.”
How the US oil empire could squeeze the Gulf
If US President Donald Trump’s plan to control oil production in the Western Hemisphere comes to pass, Washington would oversee more crude than OPEC+.
Trump’s bid for energy dominance at odds with dividends
Trump’s push to remake the US as a petrostate risks backfiring for its energy security, its economy, and the specific interests of oil company shareholders.
EU carbon border tariff takes effect
The new tax forces companies exporting pollution-heavy goods into the EU to pay for their products’ emissions.
Elliott Investment Management’s Citgo gamble
An Elliott affiliate in November won a messy bidding war for Citgo, which had been owned by Venezuela’s state oil company.
Pizza’s popularity wanes in US
Pizzerias were once the second-most common restaurant type in the US.
Meet Paul Singer, the Billionaire Trump Megadonor Set to Make a Killing on Venezuela Oil
“Paul Singer’s shady purchase of Citgo has everything to do with this coup.”