Money, Wealth & Power—A Daily Look at the Financial World
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…
Mark Zuckerberg spent more than a decade presenting himself as one of Silicon Valley’s most prominent champions of immigration reform. Now, in a quiet but consequential shift, he has severed financial ties with the very advocacy group he helped create to push that cause in Washington. The retreat raises pointed questions about how durable tech…
Mark Zuckerberg has quietly severed a signature link between his philanthropy and the immigration movement he once helped bankroll. After more than a decade of support, the Chan Zuckerberg Initiative has stopped funding FWD.us, the pro-immigration and criminal justice reform group he cofounded, leaving a conspicuous gap in the advocacy landscape. The move lands at…
President Donald Trump’s decision to slap a $100,000 fee on each new H-1B worker hired from abroad has turned a long-running policy debate into a direct hit on the business model of India’s biggest IT outsourcers. The new price tag threatens to squeeze margins, unsettle investors and force companies like Tata Consultancy Services and Infosys…
Foreign holidays to New York or Los Angeles now come with a new kind of packing list: passport, return ticket, and five years of social media history. Under President Donald Trump, the United States is knitting together expanded online screening of visitors with a broader system of “continuous vetting,” turning once-routine tourism into an ongoing…
The Trump administration has turned a long-debated idea into policy reality, opening a premium immigration lane for the ultra-wealthy that trades cash for speed. The new “gold card” visa promises a fast track to U.S. residency, and eventually citizenship, for applicants willing to put at least $1 million on the table. By formally launching a…
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…
The White House is weighing whether to widen President Donald Trump’s existing travel restrictions to a larger group of countries, a move that would deepen one of the administration’s most far‑reaching immigration policies. Officials and outside analysts are now focused on how an expanded list could reshape mobility, diplomacy, and daily life for families with…
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