Money, Wealth & Power—A Daily Look at the Financial World
A federal contract quietly reached its expiration date on Friday, and with it went the funding that pays for attorneys to represent children who crossed the border without a parent. The network it supported covers roughly 26,000 children, most of them facing removal proceedings, some of them young enough to need cartoons to understand what…
A new Democratic report from the Senate Foreign Relations Committee minority says some Trump-era deportations to third countries cost taxpayers up to $1 million per migrant, driven by charter flights and months of overseas detention. The report examines secretive agreements through Jan. 2026 and estimates total third-country removals at likely upward of $40 million, including…
Palantir Technologies turned 2025 into a breakout year, reporting $3.12 billion in total revenue and tying much of that growth to government work that includes immigration enforcement and deportations. The company’s financial story is now inseparable from its long-running contracts with U.S. Immigration and Customs Enforcement, where its software helps knit together data for arrests…
In Minneapolis and Saint Paul, small business owners say the latest ICE enforcement surge is emptying dining rooms, thinning work crews, and spreading fear far beyond the people agents actually arrest. Their concerns have now collided with a major legal move, as Minnesota’s top lawyer and the Twin Cities’ two largest cities try to slow…
When Donald Trump signed a proclamation adding a $100,000 annual surcharge to H‑1B visa applications, he turned a long‑running policy debate into an immediate cost crisis for employers that rely on foreign talent. Tech giants, flush with cash and global footprints, are already probing legal workarounds, from shifting hires to overseas hubs to leaning on…
Immigration and Customs Enforcement has long relied on private companies to build its digital and physical infrastructure, but that relationship is starting to fray in ways that reach far beyond public boycotts. Under pressure from shareholders, employees, and foreign regulators, global firms are quietly restructuring, spinning off units, and rerouting investment to distance themselves from…
The French technology group Capgemini is moving to sell a U.S. subsidiary that helped Immigration and Customs Enforcement track migrants in real time, a divestment that lands at the intersection of European corporate ethics and American immigration enforcement. The decision follows mounting scrutiny of how commercial data brokers and analytics firms quietly power the federal…
Texas is testing how far a state can go in tying everyday life to immigration status, and the backlash is coming from places Republican leaders do not usually expect: county tax offices and the auto industry. A new push to tighten identification rules for vehicle registration has united local officials, car dealers and immigrant advocates…
President Trump has turned immigration enforcement into one of the defining projects of his presidency, and the scale is now visible on streets, in detention centers, and deep inside the federal budget. His signature tax and spending cuts package quietly unlocked a vast stream of money for Immigration and Customs Enforcement, creating what critics describe…
Federal officers poured into Los Angeles’ Fashion District this week, turning one of the city’s busiest commercial corridors into the latest flashpoint in the national immigration fight. What unfolded in a maze of wholesale showrooms and sidewalk vendors was not only a high profile enforcement action, but also a stress test of how far the…