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Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is chief investment strategist at Charles SchwabThe debate over immigration policy in the US has intensified in recent years, shaped by a complex mix of economic priorities, humanitarian values and national security concerns.This has led to efforts to strengthen border enforcement and remove immigrants with criminal records. These goals might have political support but shifts in US immigration policy — including a significant decline in legal immigration and a sharp rise in deportations — may have profound economic…

CNN  —  President Donald Trump and his administration are racing to get trade deals done ahead of a self-imposed deadline, at which point tariffs are set to rise for dozens of countries across the world. News about the on-again, off-again tariffs have become such a daily fixture of the second Trump administration that, at times, it can be hard to remember why the president started down this path in the first place. Trump has given many different reasons for why he believes tariffs are a crucial part of his policy agenda, but they can be categorized into four main goals:…

This as-told-to essay is based on a conversation with Lily Wu, a 31-year-old Chinese American compliance professional who moved to Hong Kong in her early 20s. Her words have been edited for length and clarity.If you’d asked me where I was from 10 years ago — before I moved to Asia — my answer would’ve been very different.”Where are you from?” has become the poster question for how Asian Americans are often treated as foreigners in their own country. I used to reply, “Boston,” very matter-of-factly. I grew up there. I’m American. I speak English. It was a defensive answer,…

Search and rescue operations continue in central Texas, where catastrophic flooding has killed at least 69 people. Dozens are still missing.During a Sunday press conference, after the usual updates, officials made what has become a familiar request during recent natural disasters: Don’t fly your personal drones over the disaster area.”We know that people want to volunteer, but what we are starting to see is personal drones flying,” Kerrville City Manager Dalton Rice told reporters. “These personal drones flying is a danger to aircraft, which then risks further operations.”The Kerrville Police Department echoed Rice’s remarks on Sunday.”Media-operated drones are interfering with…

On Friday morning, Elon Musk declared, “We have improved @Grok significantly. You should notice a difference when you ask Grok questions.” While Musk didn’t say exactly what improvements to look for, he’d previously declared that xAI (which built Grok) would retrain the chatbot after it had been trained on “far too much garbage,” and he called on users at X (where Grok is heavily featured) to share “divisive facts” that are “politically incorrect, but nonetheless factually true.” (Musk recently merged the two companies.) One user subsequently asked Grok whether electing more Democrats would be a bad thing, to which it replied,…

“The Lord of the Rings,” or LotR to those in the know, isn’t just standard reading among those in the tech industry.It also inspires their ventures.Billionaire PayPal cofounder Peter Thiel, for instance, has started several companies inspired by the J.R.R. Tolkien series.The fantasy trilogy, a sequel to 1937’s “The Hobbit,” was first published in the mid-1950s. It follows an unlikely hero, Frodo Baggins, as he and a team of allies adventure across Middle Earth to destroy a powerful ring that could bring darkness to the world if it fell into the hands of Sauron, the dark lord.On Halloween in 2018,…

While the China technology story hasn’t changed enough to warrant major changes to portfolios, local stock investors are now being encouraged to take a more conservative turn as they gear up for the second half. “We caution against a potential volatility surge in the next month or two,” a team led by Morgan Stanley’s chief China equity strategist Laura Wang said in a report Thursday. The analysts noted that sentiment toward mainland Chinese stocks, known as “A Shares,” dropped in the past week as Chinese policymakers have so far failed to bolster growth, nor are they expected to in a…

Academics may be leaning on a novel strategy to influence peer review of their research papers — adding hidden prompts designed to coax AI tools to deliver positive feedback. Nikkei Asia reports that when examining English-language preprint papers available on the website arXiv, it found 17 papers that included some form of hidden AI prompt. The paper’s authors were affiliated with 14 academic institutions in eight countries, including Japan’s Waseda University and South Korea’s KAIST, as well as Columbia University and the University of Washington in the United States. The papers were usually related to computer science, with prompts that…

Companies have struggled to adopt the right AI tools as the technology evolves at a far faster pace than their slow sales cycles. Corporate credit card company Brex is no different. The startup found itself facing the same issue as its enterprise counterparts. The upshot: Brex completely changed its approach to software procurement to ensure they wouldn’t get left behind. Brex CTO James Reggio told TechCrunch, at the HumanX AI conference in March, the company initially tried to assess these software tools through their usual procurement strategy. The startup quickly discovered its months-long piloting process was just not going to…

The battle for talent in the hedge fund world is fiercer than ever — and it cuts across all levels and positions.With six-figure starting salaries, intense work environments, and the chance to work alongside some of the industry’s top investors, these roles are among the most competitive in finance.Internships can pay over $5,000 a week. Salaries for entry-level analysts and software engineers are often in the six-figure range. Portfolio managers with winning strategies can take home tens of millions.Business Insider spoke with top hedge fund managers like Citadel, Millennium, and Point72 about how they attract and evaluate talent, and what…