Stocks Overcame a Long List of Worries to Gain in 2025. A.I. Helped a Lot.

The S&P 500 gained 16.4 percent this year. But dependence on artificial intelligence remains a risk for 2026.

By Joe Rennison

What America Might Look Like With Zero Immigration

The Trump administration’s efforts to reduce the foreign-born population are being felt in hospitals and soccer leagues and on Main Streets across the country, with hints of what’s to come.

By Lydia DePillis and Campbell Robertson

Power ⚡︎ Moves

The Pentagon and A.I. Giants Have a Weakness. Both Need China’s Batteries, Badly.

As warfare is reinvented in Ukraine, and Silicon Valley races to maintain its A.I. lead, China’s battery dominance is raising alarms far beyond the auto industry.

By Hiroko Tabuchi, Brad Plumer and Harry Stevens

Trump’s First Year Back, in 10 Charts

Steven Rattner recaps the year of Trump in charts.

By Steven Rattner

Guest Essay

Americans Say They Want One Thing, Then Vote a Different Way. Here’s Why.

Voters keep resolving to change our country, and yet we are increasingly disappointed in those we elect.

By Kristen Soltis Anderson