Money, Wealth & Power—A Daily Look at the Financial World
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…
A short clip of an Immigration Customs and Enforcement agent casually boasting about his paycheck has ricocheted across social media, turning a routine street encounter into a viral referendum on what federal immigration work is worth. Viewers were not just reacting to the bravado, they were grabbing calculators, comparing the figure to their own paychecks…
President Donald Trump’s push to cap credit card interest at 10 percent lands squarely on a raw nerve for households juggling double digit rates on everyday debt. The idea promises quick relief for borrowers who revolve balances, but the mechanics of card lending mean a hard ceiling on rates is likely to squeeze revenue somewhere…
Hilton is moving quickly to separate its global brand from a Minnesota franchise that refused to host federal immigration agents, cutting ties with a suburban Minneapolis property after it canceled bookings linked to Immigration and Customs Enforcement. The decision turns a local dispute over who can stay at a hotel into a national test of…
The Trump administration is moving to attach a steep price tag to being caught after crossing the southern border without authorization, planning a new $5,000 “apprehension fee” that would be charged to migrants detained by U.S. agents. The proposal fits into a broader strategy that treats migration less as a humanitarian challenge and more as…
The Trump administration is turning the nation’s largest anti-hunger program into a high-stakes leverage point, warning that key funding will be cut unless states hand over detailed data on the people who receive food aid. At the center of the fight is whether states must share immigration and other personal information with federal officials in…