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Rashida Tlaib on fighting billionaire oligarchs: ‘The American people overwhelmingly want to tax the rich’
theguardian75d ago

Rashida Tlaib on fighting billionaire oligarchs: ‘The American people overwhelmingly want to tax the rich’

The Democratic representative plans to introduce a bill halting subsidies and tax advantages for the super-richThey had the best seats in the house. When Donald Trump was sworn in as US president a year ago this week, tech titans Jeff Bezos, Tim Cook, Elon Musk, Sundar Pichai and Mark Zuckerberg were sitting closer than even some of his cabinet picks, living symbols of the US’s new gilded age.“It was so gross,” Rashida Tlaib, a Democratic representative from Michigan, recalled in a phone interview. “It was like a reunion of all the billionaires. Some of them didn’t even like each other, but boy, did they come together for Trump.” Continue reading...

#ECONOMY
A Gulf State Considers Venezuela’s Energy Reset
oilprice75d ago

A Gulf State Considers Venezuela’s Energy Reset

The latest news from the past few days indicates that Abu Dhabi entities have set their sights on Venezuela’s hydrocarbon sector. Reuters and Bloomberg indicated that ADNOC, via its investment arm XRG, could be entering the Latin American country. Details are still unclear, but it's worthwhile to address them already. At present, the situation in Venezuela is still rife with uncertainty, instability, and sanctions. For most interested parties, especially investors, Venezuela remains shorthand for everything that can go wrong in an oil state....

#ECONOMY
tribune24275d ago

FTX liquidators get $38m from selling Bahamas properties

FTX’s liquidators had raised $38.2m from selling-off eight of the collapsed crypto exchange’s Bahamian properties by early December 2025, it has been revealed, with “pending deals” and the appraised value of others set to generate a potential further $155.8m.

#CRYPTO
benzinga75d ago

Deadline Soon: Jayud Global Logistics Limited (JYD) Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit

The Law Offices of Frank R. Cruz reminds investors of the upcoming January 20, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Jayud Global Logistics Limited ("Jayud" or the "Company") (NASDAQ: JYD) securities between April 21, 2023 and April 30, 2025, inclusive (the "Class Period").IF YOU ARE AN INVESTOR WHO LOST MONEY ON JAYUD GLOBAL LOGISTICS LIMITED (JYD), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.What Happened?In April 2023, Jayud went public via initial public offering ("IPO"). The IPO was low-float, offering just 1.25 million shares to the public, less than 5% of total outstanding equity, while maintaining overwhelming insider control through Class B super voting shares and offshore holding entities.Jayud stock then surged from roughly $1.00 to an all-time high of $7.97 per share on April 1, 2025, reaching a market capitalization of roughly $720 million on that date, despite no fundamental news from the Company.On April 1, 2025, after market hours, Jayud's stock price abruptly fell ...Full story available on Benzinga.com

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The Real Story Behind the Energy Sector's Underperformance in 2025
oilprice75d ago

The Real Story Behind the Energy Sector's Underperformance in 2025

The S&P 500 closed out 2025 with a total return of 16.4%, marking its third consecutive year of double-digit gains. Despite a choppy finish, it was a strong year for equities, with every sector ending the year in positive territory. Growth-oriented sectors led the way, supported by a consumer that proved far more resilient than many expected. (All returns discussed are total returns and include dividends). Technology once again topped the leaderboard, delivering a 24.6% return as investment in artificial intelligence, semiconductors, and cloud...

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