latest news in economy
US Secures Transfer of 50 Million Barrels of Venezuelan Crude Following Military Operation
Washington D.C., Wednesday, 7 January 2026.
President Trump asserts direct control over proceeds from 50 million barrels of Venezuelan crude transferring to the US, a strategic move following the recent military ousting of Maduro.
Morgan Stanley Forecasts S&P 500 Rally to 7,800 Driven by Six Key Catalysts
New York, Tuesday, 6 January 2026.
Strategists identify six overlooked drivers, including deregulation and rate cuts, propelling the S&P 500 to 7,800 in 2026—a projected 13% upside that defies expectations of a market slowdown.
2025 Migration Data Reveals Shift Back to Texas as Top Destination for Movers
Phoenix, Tuesday, 6 January 2026.
Texas reclaims the top spot for inbound moves in 2025, while California ranks last for the sixth consecutive year, underscoring a persistent migration toward business-friendly environments.
Global Markets Rally on US Plans to Revitalize Venezuela’s Vast Oil Reserves
New York, Tuesday, 6 January 2026.
On January 6, 2026, global equity markets surged, driven by renewed investor confidence following the US capture of Nicolás Maduro and subsequent plans to rehabilitate Venezuela’s energy sector. The NASDAQ and Nikkei 225 posted significant gains as traders assessed President Trump’s strategy to deploy American oil majors to rebuild Venezuela’s infrastructure. The most compelling factor driving this sentiment is the potential access to Venezuela’s 303 billion barrels of proven oil reserves—the largest in the world—which currently account for less than 1% of global output due to decades of neglect. While the initiative promises to reintegrate a massive energy asset into the global economy, analysts caution that the revitalization effort faces significant logistical hurdles and could require tens of billions of dollars in capital investment over the next decade.