Tuesday, January 20, 2026

Why does Trump want Venezuela's oil?

Read in browser

eNewspaper | Crosswords | Horoscopes

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Jan 20 2026

Daniel de Visé | Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

The United States leads the world in oil production. Why, then, is President Donald Trump so interested in Venezuela's oil?

Older Americas are worth more than you think

Want to get rich? Get old. That's what the data tells us about net worth in America. And wait till you hear what the average 50-something is worth.

Prescription drug prices are going up

Pharmaceutical companies have already hiked prices on hundreds of drugs in 2026, Ken Alltucker reports, raising costs for everything from the COVID-19 vaccine to Ozempic.

📰 More stories you shouldn't miss 📰

•	These restaurants plan to close locations in 2026
•	The 10 states where Social Security goes the furthest
•	Gold, silver prices near record highs
•	How to avoid scams on payment apps
•	Trump pushes tiny cars

Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

US tops world oil production but still wants Venezuela's. Is it greed?

The flow of drilling mud is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Cabrutica at the state of Anzoategui April 16, 2015. Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadian supplies. The proposal, which would expand on a pilot scheme involving Algerian oil last year, envisions supplying refineries built for medium-grade crudes rather than the light oil that has become plentiful as a result of the North American shale boom, said the head of state oil company PDVSA, Eulogio del Pino. Picture taken on April 16, 2015. REUTERS/Carlos Garcia Rawlins

The U.S. pumps more crude than any other nation in the world but it still wants Venezuela's oil. Here's why.

FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo

Want to get rich? Get old. The average 50-something is now worth $1.4m

The older you are, the higher your net worth: That's what the data tells us. Financial experts cite three big reasons. One of them is time.

U.S. President Donald Trump holds an executive order on prescription drug pricing next to U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., during a press conference in the Roosevelt Room at the White House in Washington, D.C., U.S., May 12, 2025.

Drugmakers hike prices in 2026: How much more will you spend?

Pharmaceutical companies have raised prices on hundreds of drugs so far this month despite federal efforts to rein in drug prices.

A Noodles & Company location.

These restaurant chains plan to close locations in 2026

Here are some popular restaurant chains that plan on closing locations in 2026.

Your Social Security check won't go very far in Hawaii, a new analysis finds.

Your Social Security check goes furthest in these 10 states

Social Security is supposed to cover 40% of preretirement earnings. But a new report shows your check goes further in some states than others.

Silver prices are displayed in the Manhattan Jewelry district on December 9, 2025, in New York City.

Gold, silver prices near record highs amid fresh tariff threats

Prices for gold and silver stayed near all-time highs even as global stocks and futures sold off amid increasing geopolitical tensions.

Surveys show PayPal is the most popular payment app.

Scared of scams on Venmo or PayPal? Here's how to avoid them.

Money transfer apps can be magnets for scams and fraud, but there are ways to use them safely.

Ford CEO Jim Farley talks with reporters at Huntington Place in downtown Detroit on Tuesday, Jan. 13, 2026.

Here's what Ford's CEO told Trump when he asked again about tiny cars

Tiny cars are a topic Trump is not letting go of, according to Ford CEO Farley, who recounted a recent exchange between himself and the president.

Barbie is launching its first autistic doll, which was developed in partnership with the nonprofit Autistic Self Advocacy Network.

Barbie launches first autistic doll. Here's what it looks like.

The new autistic Barbie aims to represent how individuals with autism experience the world around them, Mattel said.

Download USA TODAY's app to get to the heart of news

Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more.

Sign up for the news you want

Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you.

SEE ALL NEWSLETTERS ➔

Newsletters | eNewspaper | Crosswords

Follow Us

Problem viewing email? View in browser

Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)