The Trump Administration Might've Helped Airbnb In Cuba
The Trump administration wants Americans to support privately owned businesses and the Cuban people — not the Cuban government.LEARN MORE
The South American country has roughly $140 billion in outstanding debt.
Venezuela is broke. The country recently defaulted on its massive debt and is working with creditors to restructure its billions of dollars in foreign loans and bonds.
In total, Venezuela owes roughly $140 billion. Compare that to the country's central bank holding an estimated $10 billion, up to half of which is speculated to be in illiquid assets like gold.
By one estimate, inflation has skyrocketed to more than 4,000 percent compared to this time last year.
Venezuelan President Nicolás Maduro argues American "imperialists" are to blame – the U.S. recently labeled Maduro a dictator and imposed sanctions on the country. But experts seem to agree that years of mismanaged socialism and falling oil prices are the real culprits.
Maduro is in the process of restructuring some of the country's debt. But as more bills come due, it's possible Venezuela's debtors will start seizing the country's oil assets outside its borders.
Even with diminished value and production, oil is still Venezuela's top export, accounting for 95 percent of its foreign earnings.
Maduro has also blamed corruption in the state-owned oil company Petroleos de Venezuela, or PDVSA, for flagging production.
A recent anti-corruption purge at the company led to the arrest of several U.S. citizens.
Dream job alert! In addition to getting the cash, you'll snag a 65-inch TV and a $500 DoorDash gift card.
In addition to selling media startup Complex, BuzzFeed also announced it will be laying off 16% of its workforce due to company restructuring.
The Dartmouth men's basketball team will vote on whether it wants to unionize, in yet another step that could further erode the power of the NCAA.
New sanctions against Russia, which will be announced Friday, are expected to tackle the country's military and defense systems.
Apple iPhones can get stuck in SOS mode when there's spotty service. Here's why, and how you can get out of it.
Four different brands have issued recalls for their gun safes that use fingerprint recognition as keys.