As this special report shows, financial innovation has transformed Wall Street. As in eras past, surging asset values have concealed cracks in the new financial order. Whatever dangers are lurking, Mr Trump’s presidency will make them more dangerous still. ■

Newly sworn-in Social Security chief Frank Bisignano, who previously was a Wall Street executive, told staffers he had to Google the SSA job when it was offered to him.

"Major financial events often happen first in Japan, for example the late-1990s tech bubble bursting first in Japan," Albert Edwards wrote Thursday.

U.S. stocks closed a choppy session little changed on Thursday, erasing initial declines as Treasury yields eased off recent highs after the House of Representatives passed U.S. President Donald Trump's tax and spending bill.

Wall Street's "fear gauge" shot higher on Wednesday around the time of a closely watched Treasury auction pointing to weaker demand for longer-duration U.S. government debt. The Cboe Volatility Index,

Bond yields inched higher and Wall Street flipped from small gains to losses before the opening bell Thursday after rising U.S. debt sank markets on the previous day. Futures for the Dow Jones Industrial Average fell 0.5% in premarket trading, while futures for the S&P 500 and Nasdaq each slid 0.3%.

Residents balked at a small traffic circle at Greenlawn Avenue and Wall Street near Potawatomi Park, saying it may worsen traffic.

When stocks plunged in early April after the announcement of President Donald Trump’s tariffs, Noah Hackett knew what to do. The 19-year-old student at West Chester University, a public college in Pennsylvania, bought the dip.