The Trump administration is preparing to ask Congress for another $30 billion to modernize the U.S. aviation system, dramatically expanding an effort to replace aging air-traffic-control technology after a series of failures disrupted thousands of flights and exposed vulnerabilities in critical national infrastructure. Transportation Secretary Sean Duffy said the additional...
U.S. Expands Its Arctic Military Footprint in Landmark Greenland Security Deal
The United States, Denmark and Greenland have signed a major new security agreement that significantly expands the American military presence on Greenland while leaving sovereignty over the strategically important Arctic territory unchanged. The agreement represents an effort to resolve months of diplomatic tension generated by President Donald Trump’s repeated demands...
Meta’s Massive Network Gives Zuckerberg the Freedom to Fail Until the Next Big Idea Works
Mark Zuckerberg has survived a remarkable series of expensive technological bets, controversies and strategic mistakes, yet Meta continues to emerge with new opportunities for growth. The latest example is Muse, the company’s new artificial-intelligence assistant, whose rapid popularity demonstrates Meta’s greatest competitive advantage: an enormous global network that gives the...
California’s Insurance Crisis Spreads Beyond Wildfire Zones as Homeowners Run Out of Options
California’s property insurance crisis is expanding beyond the mountainous and heavily wooded communities traditionally considered most vulnerable to wildfires, leaving homeowners in relatively low-risk suburban neighborhoods struggling to obtain conventional coverage. An analysis of insurance data found that major insurers are increasingly declining to write policies across large portions of...
Trump Transforms U.S. Refugee Office Into a $410 Million Global Deportation Network
The Trump administration has dramatically transformed a State Department bureau historically dedicated to refugees and humanitarian assistance into a central component of its immigration enforcement strategy, building a global network of agreements that allows the United States to deport migrants to countries where they have never lived. At the center...
Trump Creates New ‘AI Force’ as Tech Leaders Warn Washington About the Risks of an Uncontrolled Race
President Donald Trump has announced plans to create a new federal “AI Force” and appoint an artificial-intelligence czar, responding to intensifying debate inside the technology industry and his own administration over how the United States should manage increasingly powerful AI systems. Trump compared the proposed organization with the Space Force...
Jane Street’s $15 Billion Loss Triggers New Scrutiny of Wall Street’s Hidden Trading Risks
The U.S. Federal Reserve and the Bank of England are reportedly intensifying scrutiny of global banks’ exposure to major trading firms after extraordinary market turmoil left Jane Street with losses of roughly $15 billion in July. The regulatory attention follows the near-collapse of Situational Awareness, an artificial-intelligence-focused hedge fund managed...