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The world is on fire. Why are markets so calm?

US President Donald Trump listens to a question from a reporter prior to signing an executive order on AI next to Sriram Krishnan, Senior White House Policy Advisor on Artificial Intelligence, US Sen. Ted Cruz (R-TX), US Commerce Secretary Howard Lutnick, and David Sacks, chair of the President's Council of Advisors on Science and Technology, in the Oval Office at the White House in Washington, D.C., USA, on December 11, 2025.

REUTERS/Al Drago
It’s a fascinating moment for world politics and global markets. Geopolitically, the world is in turmoil, primarily because the United States, still the superpower, has become a fundamentally unreliable actor. President Donald Trump is actively pulling apart the international order that Washington built and led over the past 80 years. Yet, [...]
Go to: A baseball game. In case you hadn’t heard, there are a lot of big sporting events this week. The Knicks play the Spurs in the NBA Finals, the French Open tennis tournament reaches its climax on Tuesday, and the World Cup gets going next week. But if you want to attend a sports game in person for a reasonable price, why not try your local [...]
Cuba’s old guard gets even older
Will Fitzpatrick
Raúl Castro, younger brother of Fidel, has been synonymous with the Cuban regime that has frustrated and confounded American presidents for decades. Though he stepped back from official duties in 2021, he continues to serve as a symbolic leader and as the general of Cuba’s Revolutionary Armed Forces. But Castro is ringing in his birthday with an [...]
South Korean President Lee Jae Myung leaving after giving a speech

South Korean President Lee Jae Myung leaves after giving a speech on the Government's first supplemetary budget bill of 2026 at the National Assembly in Seoul, South Korea, 02 April 2026.

JEON HEON-KYUN/Pool via REUTERS
A superb day for South Korea’s LeePresident Lee Jae-myung is set to mark his one-year anniversary in office with an excellent showing in Wednesday’s local elections that were viewed as a referendum on his presidency. Exit polls suggest that his left-leaning Democratic Party is set to win 11 of 16 municipal leadership races, while the conservative [...]