๐บ๐ธ๐ป๐ช President Trump says "Venezuela will be turning over between 30 and 50 million barrels of high quality, sanctioned oil to the US."
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Silver flips NVIDIA in market cap, becoming the 2nd most valuable asset globally at $4.63T, just behind gold's $31.34T.
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๐บ๐ธ Gas prices drop below $2 in multiple cities across Texas.
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๐ซ๐ท Italy's annual inflation rate rises to 1.2%.
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The odds of Democrats winning the US House of Representatives in the 2026 midterms rise to 79%, per Polymarket.
Markets think Republicans are set to lose the midterms.
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๐บ๐ธ $1.8 trillion Morgan Stanley files for spot Ethereum ETF.
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Rumble enables $BTC tips for streamers through MoonPay wallet integration.
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JUST IN: ๐บ๐ธ๐ป๐ช Footage of US forces seizing Venezuela-linked oil tanker in the Caribbean Sea.
๐ฅซ t.me/FinancialWorldUpdates
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Oil shift is already underway
CNBC reports that Venezuelan oil sales to the US will continue indefinitely, with sanctions being eased. This follows comments from Donald Trump, who said Venezuela sent 30 to 50 million barrels of crude to the US within the last 12 hours.
The shipments are expected to be sold at market prices, implying more than $2B in value. At the same time, restrictions on Venezuelan exports are being gradually reduced.
The next step discussed by the market is increased involvement from large US oil companies, which could unlock higher production over time. Venezuelaโs output is still far below historical levels due to years of underinvestment.
If this path continues, Venezuelan crude flows shift structurally toward the US, reshaping global energy trade.
The US effectively gains direct influence over an OPEC producer.
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China orders tech firms to halt purchases of Nvidia's H200 chips.
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๐บ๐ธ Donald Trump says he plans to ban large institutional investors from buying single-family homes to address housing affordability.
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๐บ๐ธ Senator Lummis says Congress is 'close' to passing crypto market structure legislation.
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Financial World Updates
Real estate giant Blackstone $BX falls 9% after President Trump announces plans to ban institutional investors from buying single-family homes.
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๐จ Microsoft Corporation is reportedly planning another round of job cuts in January 2026.
Estimates suggest that 11,000 to 22,000 roles could be eliminated worldwide.
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S&P 500 futures hit 7,000 for the first time ever.
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Venezuelaโs state oil company, PDVSA, confirmed it is in talks with the United States to sell Venezuelan crude.
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๐บ๐ธ President Trump signs order to pull the United States out of 66 international organizations.
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๐บ๐ธ Trump approves Russia sanctions bill , 500% Tariff on India soon.
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Tucker Carlson argued that Washington is preparing for a major conflict with China and North Korea. As signals, he pointed to US actions around Venezuela and Greenland, plus a sharp rise in military spending.
Carlson noted that Donald Trump proposed boosting US defense spending to $1.5 trillion in 2027, up from the previously discussed $1 trillion.
He also claimed the US is pulling out of 66 international organizations, including 31 UN bodies.
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๐บ๐ธ Fedโs Miran says heโs looking for a 1.5% rate cut in 2026.
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US Supreme Court may rule on Trump tariffs on Friday
The Supreme Court of the United States named Friday as an opinion release day, raising the chance of a ruling on Donald Trumpโs global tariffs.
The setup suggests a possible ruling on the legality of Trumpโs tariffs, given the accelerated process and the cautious tone from most justices.
During the Nov 5 hearing, judges expressed skepticism about the presidentโs authority to impose tariffs under the 1977 emergency powers law.
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