Intro

An airline industry body in Venezuela tells Will Bain flights in and out the country have already been cut by half, with major disruption looming as a dispute over the safety of Venezuelan airspace intensifies.

Also, are American consumers starting to feel the pinch? We examine a series of data points suggesting confidence may be on the wane.

And how a misplaced passkey left one of the world’s leading internet security firms red-faced.

(Photo by MIGUEL GUTIERREZ/EPA/Shutterstock: Passengers wait in a line at Simon Bolivar International Airport, which serves Caracas, in Maiquetia, Venezuela, 24 November 2025.)