Market News

South Korean stocks tumbled from a record high as investors sold off chip heavyweights on renewed concern that the rally has become overstretched.

Shortly before Russia re-invaded Ukraine more than four years ago, I went to Mariupol to get a sense of what the response would be and met Ruslan Pustovoit, call sign “Spider,” who was organizing a volunteer defense force for the Ukrainian city. He kept a copy of a World War II Nazi SS officer’s hat

How new technologies threaten America’s military advantage.

The limits and lessons of a transactional foreign policy.

Forever wars and the costs of collective forgetting.

What comes after extended deterrence.

Moscow’s military power after Ukraine.

Panic is misguided—and counterproductive.

The battle lines in the war for the next global order.

A policy playbook to avert political crisis.